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Practical FAQs on Companies Compliance Facilitation Scheme, 2026 (CCFS-2026)

April 23, 2026 1863 Views 0 comment Print

The scheme allows companies to file pending annual returns with just 10% additional fees. It offers a cost-effective opportunity to regularise compliance and avoid penalties.

GST Multi-Year SCN Validity Under Sections 73 & 74: Legal Split

April 23, 2026 882 Views 0 comment Print

Courts differ on validity of multi-year GST SCNs under Sections 73 and 74. Issue referred to larger bench; legal position remains unsettled.

Corporate Laws (Amendment) Bill, 2026 – Changes to LLP Act, 2008

April 23, 2026 810 Views 1 comment Print

The amendment introduces a new category of IFSC-based LLPs with specific regulatory provisions. It enables foreign currency operations and aligns LLPs with global financial practices.

Zero Tax Liability on ₹20.54 Lakh Salary Under Old Tax Regime – A Case Study

April 23, 2026 1125 Views 0 comment Print

The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows that structured allowances and deductions can bring taxable income to zero. 

Unaccounted cash receipt Addition Invalid Due to Denial of Cross-Examination in Third-Party Document Case

April 23, 2026 609 Views 0 comment Print

The ruling clarifies that unverified excel sheets seized from third parties cannot justify additions without corroborative evidence. The Tribunal stressed that assumptions cannot replace proof in tax proceedings.

Professionals Not Liable for GST Fraud Without Active Role Gujarat HC

April 23, 2026 951 Views 0 comment Print

The Court held that arrest under GST requires clear evidence of fraudulent intent and active involvement. Mere association with disputed transactions is insufficient. The key takeaway is that mens rea is essential before invoking arrest provisions.

Procedure for Issue of Share Certificates After Incorporation Under Companies Act, 2013

April 23, 2026 867 Views 0 comment Print

This guide explains the legal steps for issuing share certificates after incorporation. It highlights timelines, board approvals, and compliance requirements. The key takeaway is that timely issuance and proper documentation are mandatory.

GST on Restaurants, Lodges, Marriage Halls and Pilgrim Rooms

April 23, 2026 1683 Views 0 comment Print

This guide explains GST rates, composition scheme eligibility, and new hotel tariff slabs. It highlights how ITC restrictions and tariff thresholds impact tax liability. The key takeaway is to choose schemes based on overall tax efficiency, not just lower rates.

Bona Fide GST Return Corrections Cannot Be Denied: Karnataka HC Landmark Ruling

April 23, 2026 660 Views 0 comment Print

The Court held that genuine errors in returns can be corrected despite statutory deadlines. Technical timelines cannot override accurate tax reporting.

How to Get BIS Certification in India: Startup Guide

April 23, 2026 444 Views 0 comment Print

Startups must obtain BIS certification for regulated products under mandatory Quality Control Orders. Compliance ensures legal operations and enhances customer confidence.

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