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Supreme Court Judgment: Tiger Global – Quick Summary
Wed, 17 Jun 2026

Supreme Court Judgment: Tiger Global – Quick Summary

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

Prescribing manner of filing an application for refund by unregistered persons
Wed, 17 Jun 2026

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...

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
Wed, 17 Jun 2026

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...

Clarification with regard to No claim bonus and Applicability of e-invoicing in GST
Wed, 17 Jun 2026

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...

Clarification as to ITC and Place of Supply in accordance with section 12(8)of IGST Act,2017
Wed, 17 Jun 2026

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...

Clarification to deal with difference in ITC claimed in GSTR3b
Wed, 17 Jun 2026

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...

Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals
Wed, 17 Jun 2026

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...

Form 10F: Partial relaxation is provided to Non-residents not having PAN
Wed, 17 Jun 2026

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...

Amendments in the CGST Rules, 2017
Wed, 17 Jun 2026

Amendments in the CGST Rules, 2017

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

Empowering the Competition Commission of India to handle Anti-Profiteering cases under the CGST Act
Wed, 17 Jun 2026

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...

Interest on delay in filing of GSTR-3B to be paid even if tax was already deposited in electronic cash ledger
Wed, 17 Jun 2026

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...

Section 194H TDS applicable on additional sum charged by agents over & above net are of air tickets
Wed, 17 Jun 2026

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...

Presentation of movement in a non-current financial asset in the Cash Flow Statement
Wed, 17 Jun 2026

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...

NFRA issues Audit Quality Inspection Guidelines for Audit Firms undertaking audits of Public Interest Entities
Wed, 17 Jun 2026

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...

Changes to Table 4 of GSTR 3B: ITC Reversal, ITC Availment, and Ineligible ITC Reporting
Wed, 17 Jun 2026

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...

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

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

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

The CBIC Raises the AIDC on Platinum and Rhodium Imports
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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