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Tue, 20 Jan 2026

Supreme Court Judgment: Tiger Global – Quick Summary

Supreme Court Denies Treaty Shield to Tiger Global: Flipkart Exit Gains Taxable in India  1️⃣ Backgroun...

Mon, 27 Feb 2023

Prescribing manner of filing an application for refund by unregistered persons

Instances where the unregistered buyers, who had entered into an agreement/ contract with a builder for supply of servic...

Thu, 13 Nov 2025

Treatment of statutory dues under GST law in respect of the taxpayers for whom the proceedings have been finalised under Insolvency and Bankruptcy Code, 2016

As per Section 84 of CGST Act, if the government dues against any person under CGST Act are reduced as a result of any a...

Mon, 13 Feb 2023

Clarification with regard to No claim bonus and Applicability of e-invoicing in GST

No claim Bonus It is, clarified that there is no supply provided by the insured to the insurance company in form of a...

Wed, 22 Feb 2023

Clarification as to ITC and Place of Supply in accordance with section 12(8)of IGST Act,2017

Section 12(8) of the IGST Act, 2017 provides for the place of supply of services by way of transportation of goods, incl...

Thu, 23 Feb 2023

Clarification to deal with difference in ITC claimed in GSTR3b

Circular provides clarification to deal with Difference in ITC in the following scenarios: supplier failed to file...

Mon, 27 Feb 2023

Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals

 The Central Government has notified that the requirement of quoting of Aadhar / Enrolment ID shall not apply to th...

Mon, 27 Feb 2023

Form 10F: Partial relaxation is provided to Non-residents not having PAN

Due to the practical difficulties that non-resident (NR) taxpayers without PAN are having in complying with the aforemen...

Wed, 30 Nov 2022

Amendments in the CGST Rules, 2017

Consequent to the appointment of Competition Commission of India as the authority for anti-profiteering cases under the ...

Mon, 27 Feb 2023

Empowering the Competition Commission of India to handle Anti-Profiteering cases under the CGST Act

Central Government on the recommendations of GST Council has empowered the Competition Commission of India (CCI) establi...

Mon, 27 Feb 2023

Interest on delay in filing of GSTR-3B to be paid even if tax was already deposited in electronic cash ledger

High Court in one of the case law decided that Where petitioner denied liability to pay interest on delay in filing...

Mon, 27 Feb 2023

Section 194H TDS applicable on additional sum charged by agents over & above net are of air tickets

In one case, the Supreme Court ruled that where the assessee-airlines had passenger sales agency (PSA) agreements with t...

Mon, 27 Feb 2023

Presentation of movement in a non-current financial asset in the Cash Flow Statement

According to  (Ind AS) 115, "Revenue from Contracts with Customers," the consideration received or receiv...

Tue, 29 Nov 2022

NFRA issues Audit Quality Inspection Guidelines for Audit Firms undertaking audits of Public Interest Entities

The audit profession's quality has been significantly improved with the publication of NFRA's audit qualit...

Mon, 27 Feb 2023

Changes to Table 4 of GSTR 3B: ITC Reversal, ITC Availment, and Ineligible ITC Reporting

The Government of India announced a few changes to Table 4 of Form GSTR-3B in Notification No. 14/2022 - Central Tax, wh...

Wed, 22 Feb 2023

The MCA amends the Companies (Specification of definition details) Amendment Rules, 2022, which modifies the definition of "Small Company"

On 15th September 2022, through the exercise of powers conferred in Section 469, Sub-Section (1) and (2) of the Companie...

Mon, 27 Feb 2023

The DGFT Issues a Notification Regarding the Revision of PET Flake Import Permission

The Directorate General of Foreign Trade published a notification on September 14, 2022, about the change of the PET Fla...

Mon, 27 Feb 2023

The government extends import licenses for Class A and B medical gadgets by six months.

The Central Drugs Standard Control Organization must issue the medical device importer with an import licence (CDSCO). I...

Tue, 29 Nov 2022

The CBIC Raises the AIDC on Platinum and Rhodium Imports

Through the powers given by Section 25, Sub-Section (1) of the Customs Act, 1962 (52 of 1962) to be read with Section 12...

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