The Supreme Court held that GST Council recommendations are persuasive, not binding, reinforcing legislative autonomy under ...
Rule 62 mandates that deductions under Section 128 for specified serious diseases are allowed only when supported by prescriptions from qualified medical specialists. The rule clearly defines eligible ...
Draft Rule 66 requires mandatory audit, Form 32 filing, and section-wise document submission for claiming deductions under Sections 46 to 144, reinforcing strict procedural ...
DGFT directed Regional Authorities to proportionately reduce Average Export Obligation for sectors witnessing over 5% export decline. The relief applies under Para 5.17(a) of FTP 2023 and must be ...
IFSCA has directed IFSC Banking Units to clearly include GIFT IFSC Banking Unit in their SWIFT BIC names to avoid misrouting of cross-border remittances. Compliance reporting is mandatory by June 30, ...
The UAE’s digital success is driven by strong infrastructure, tax clarity, and disciplined business setup. Proper licensing, compliance, and structured scaling determine long-term ...
The Court held that once arrears for later years were settled under the Settlement Act, no outstanding demand survived. Adjusting earlier refunds against settled dues was declared illegal and without ...
The Authority held that consultancy services for a fire station and parking project were pure services provided to a local authority. Since they relate to municipal functions under Article 243W, the ...
The appellate authority held that the advance ruling was declared non-maintainable due to absence of invoices and supporting records. As fresh documents were produced in appeal, the matter was ...
The article highlights disparities and stagnation in audit fees paid by public sector banks. It calls for ICAI intervention to ensure uniform benchmarks and respect for Chartered ...
The Tribunal set aside the CIT(A)’s order because the appeal was dismissed on limitation without properly examining delay condonation grounds. It held that non-speaking orders passed without adequate ...
SEBI issued a caution after fraudsters circulated forged notices demanding Securities Transaction Tax payments. The regulator clarified it does not issue STT payment notices and urged investors to ...