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When GST Demand Goes Beyond SCN: A Practical Story from Telangana HC

Goods and Services Tax : The issue was whether GST demand can exceed the show cause notice. The court held that such expansion violates Section 75(7) and m...

May 2, 2026 15 Views 0 comment Print

The Doctrine of Statutory Prerogative: An Expanded Analysis of the Gujarat High Court’s Verdict on Section 16(2)(C) of CGST Act 2017

Goods and Services Tax : The issue was whether buyers can claim ITC when suppliers default on tax payment. The court upheld denial, emphasizing ITC is cond...

May 2, 2026 27 Views 0 comment Print

GSTAT Appeal – Section 112: Maintainability, Limitation, Pre-Deposit & FORM GST APL-05

Goods and Services Tax : The article explains when GSTAT appeals are maintainable and outlines key filing conditions. It highlights timelines, pre-deposit ...

May 2, 2026 36 Views 0 comment Print

Private Premises Can’t Be Turned Into Unregulated Congregational Space: Allahabad HC

Corporate Law : The issue involved seeking permission for regular religious gatherings at private premises. The Court held that such use is not pr...

May 2, 2026 90 Views 0 comment Print

TDS & TCS Changes from 1st April 2026

Income Tax : The reform consolidates TDS provisions into a structured system and introduces digital compliance mechanisms. It enhances clarity,...

May 2, 2026 240 Views 0 comment Print


Latest News


NFRA issues Audit Quality Inspection Guidelines

Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...

May 1, 2026 423 Views 0 comment Print

ICSI Invites Feedback on CS Syllabus Revision

Company Law : ICSI has proposed revising the CS syllabus to align with the National Education Policy and global practices. Stakeholder input wil...

May 1, 2026 123 Views 0 comment Print

Delhi GST Detects ₹60.59 Cr Fake ITC Fraud; One Arrested

Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...

April 30, 2026 459 Views 0 comment Print

Empanelment of Concurrent Auditors With Canara Bank

CA, CS, CMA : Canara Bank has invited online applications from Proprietary Concerns, Firms and LLPs for empanelment as concurrent auditors for 7...

April 30, 2026 216874 Views 23 comments Print

ICAI Convocation May – 2026 Dates and Locations

CA, CS, CMA : ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will r...

April 29, 2026 46059 Views 1 comment Print


Latest Judiciary


Telangana HC allows delayed GST appeal despite challenge to unsigned SCN & order

Goods and Services Tax : The issue involved challenge to GST notice and order without proper authentication. The court allowed appeal filing with delay con...

May 2, 2026 Views 0 comment Print

Telangana HC Allows Delayed GST Appeal, Stays Garnishee Action

Goods and Services Tax : The issue was delayed appeal due to late awareness of GST liability. The court allowed appeal filing with delay condonation and gr...

May 2, 2026 Views 0 comment Print

GST Penalty Order Invalid as Amount Exceeds SCN Proposal: Allahabad HC

Goods and Services Tax : The issue was imposition of a higher penalty than proposed in the show cause notice. The court set aside the order, holding it vio...

May 2, 2026 27 Views 0 comment Print

Reassessment After 4 Years Quashed as No Failure to Disclose Material Facts: Bombay HC

Income Tax : The issue was whether reassessment could be initiated after four years without fresh evidence. The court held such reopening inval...

May 2, 2026 24 Views 0 comment Print

Wrong Section Claim Not Fatal: ITAT Remands Matter & Nullifies Penalty

Income Tax : The issue was denial of capital gains exemption due to claim under wrong section. The tribunal held that a genuine claim cannot be...

May 2, 2026 Views 0 comment Print


Latest Notifications


IBBI Cancels Insurance Regulator Surveyor Licence for Outsourcing Core Duties

Corporate Law : The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated re...

May 1, 2026 156 Views 0 comment Print

IBBI Cancelled License Due to False Survey Records & Regulatory Violations

Corporate Law : The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ru...

May 1, 2026 1668 Views 0 comment Print

IBBI Cancelled Surveyor Licence for Using Fake Qualification Certificate

Corporate Law : The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance ...

May 1, 2026 240 Views 0 comment Print

Revised Custom Tariff Values for Gold, Silver & Edible Oils wef 1st May, 2026

Custom Duty : CBIC updated tariff values for key commodities including oils, gold, and silver. The revision ensures accurate customs valuation a...

May 1, 2026 261 Views 0 comment Print

DGFT Sets New Rules for Wheat Export Allocation and Application Process

DGFT : The government has introduced clear procedures for applying and allocating wheat export quotas. Strict eligibility, timelines, and...

May 1, 2026 195 Views 0 comment Print


FAQs


The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.

The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.

RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.

Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.

The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.

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