GSTN has enabled editing of the pre-deposit percentage in APL-01 filings. The change allows taxpayers flexibility, while verification remains with the appellate authority.
The law consolidates earlier TCS provisions under a new section without changing rates. The key takeaway is the need to update compliance references from April 2026.
IDBI Bank invites applications for concurrent auditors but clarifies that empanelment does not ensure assignment. The decision remains entirely discretionary, emphasizing compliance with eligibility and documentation requirements.
The latest amendments aim to simplify compliance and promote investment while reducing penalties. The update signals a major shift toward a taxpayer-friendly regime.
The law now requires businesses to distribute ITC for common services through ISD. This eliminates optional use of cross-charge for such transactions.
The issue was whether ITC can be denied if suppliers fail to deposit tax. The Court held that bona fide purchasers cannot be penalized, and action must be taken against defaulting suppliers.
The law distinguishes between inquiry under Section 70 and arrest under Section 69, limiting arrest to serious offences. The key takeaway is that coercive practices and misuse of summons are not legally justified.
Courts held that exemption cannot be denied merely due to lack of registration if possession and substantial payment are proven. The ruling emphasizes substance over procedural formalities.
The ICAI postponed the CA Intermediate exams from 3rd May to 5th May 2026 citing unavoidable reasons. The revised schedule retains exam timings while shifting all Group I and II dates accordingly.
ICAI reduced CA Final exam attempts from three to two annually based on stakeholder feedback. The exams will now be held only in May and November starting 2026.
