Latest Articles
Intermediary Services under GST: Retrospective Impact of K.C. Overseas & Finance Act 2026?
Goods and Services Tax : The omission of Section 13(8)(b) applies only prospectively from 30 March 2026, as no saving clause exists. Past transactions and ...
The “Corporate Mitra” Shift: A Threat or an Evolution for CAs, CSs and CMAs?
CA, CS, CMA : The reform shifts routine compliance to para-professionals, creating fee pressure and client shifts. Professionals must move towar...
Concise Manual for Non-Profit Organizations under Income Tax Act 2025
Income Tax : The new law introduces a structured framework for NPO registration, income application, and taxation. It simplifies compliance but...
GSTAT Appeal Filing: A Practitioner’s Complete Step-by-Step Guide
Goods and Services Tax : GSTAT bridges a long-standing gap by providing a dedicated appellate forum, eliminating the need to directly approach High Courts....
Procedure for Re-Appointment of Directors Retiring by Rotation under Companies Act, 2013
Company Law : The process involves retirement and reappointment of directors based on tenure. It clarifies that shareholder approval through ord...
Latest News
Delhi CGST Busts ₹8 Cr Fake ITC; Company Director Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
CAAS Moves Supreme Court on ITAT Vacancies
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
IBBI Proposes Amendments to IBBI (Liquidation Process) Regulations, 2016
Corporate Law : The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions....
MCA Consultation on Filing Reforms & Simplifying Compliance for Viksit Bharat 2047
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
FIU-IND Signs MoUs with SEBI & PFRDA to Strengthen AML Framework
Finance : The agreements introduce structured protocols for intelligence sharing and monitoring compliance under PMLA. The ruling highlights...
Latest Judiciary
Customs Appeal Dismissed as Iron Ore Export Issue Attained Finality After SC Decision
Custom Duty : The Tribunal held that once an issue is decided up to the Supreme Court, it cannot be reopened. The Department was barred from cha...
NCLAT Dismisses Appeal Filed Beyond 45 Days as Delay Not Condonable Under IBC: NCLAT Chennai
Corporate Law : The Tribunal held that appeals filed beyond the statutory 45-day limit cannot be entertained. It ruled that delay exceeding the co...
CESTAT Quashes Confiscation & Penalty on Imported Computer Cabinets due to No Misdeclaration
Custom Duty : The Tribunal held that minor excess quantity supplied to cover transit damage does not amount to mis-declaration. It ruled that co...
Wheelchairs with Toileting Feature Eligible for Custom duty Exemption Due to Mobility Function: CESTAT Chennai
Custom Duty : The Tribunal held that goods retained the essential character of wheelchairs despite added toileting facility. It ruled that exemp...
No Duty Liability Without Evidence of Excess Clearance Under IGCR Rules: CESTAT Delhi
Custom Duty : The Tribunal held that duty demand cannot be sustained without evidence showing how IGCR rules were violated. In absence of proof ...
Latest Notifications
IRDAI Delegates Enforcement Powers Under Insurance Act: Key Changes Explained
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2026
SEBI : SEBI’s 2026 amendments reduce credit risk thresholds and widen investment options for InvITs. The changes improve flexibility wh...
Anti-Dumping Duty Amended: Large Lithograde Aluminium Coils Excluded
Custom Duty : The government excludes Lithograde aluminum coils above 1150 mm width from anti-dumping duty. The change follows court directions ...
Late Fee Waiver Granted Due to System Glitches in Maharashtra PT Return Filing
Goods and Services Tax : Due to technical issues on the new tax portal, late fees for Profession Tax returns were waived if tax was paid by 15 March 2026. ...
DGFT Updates List of Authorized Banks for Gold and Silver Import
DGFT : DGFT revised Appendix 4B to update banks permitted to import gold and silver. The notice clarifies authorized entities and validit...
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FAQs
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility conditions and prevents incorrect refund claims.
The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
The RBI clarifies which entities must file FLA returns and outlines the complete online filing process. The key takeaway is mandatory compliance for entities with foreign assets or liabilities.
