02 May, 2025
T+0 Settlement: SEBI Grants Extra Time to Brokers SEBI has officially extended the implementation timeline for the optional T+0 settlement cycle to November 2025. This gives qualified stock brokers (QSBs) more breathing room to operationalise faster trade settlements in a phased, risk-controlled manner. Let’s break it down. What is the T+0 Settlement Cycle? SEBI’s Latest […]
Read More02 May, 2025
ED’s Expanding Role in India’s Financial Security Framework In his address at the 69th Foundation Day of the Enforcement Directorate (ED), MoS Finance Pankaj Chaudhary reiterated the ED’s economic security role in safeguarding India’s financial ecosystem. From enforcing the Prevention of Money Laundering Act (PMLA) to disrupting illicit financial flows, the ED has grown into […]
Read More02 May, 2025
Biometric-Based Aadhaar Authentication in GST: A Game Changer From May 1, 2025, Aadhaar biometric authentication with document verification and slot booking is available for new GST registrations in all States and UTs. Sikkim was the final region onboarded, completing the national rollout. This process adds a security layer to weed out fake firms and strengthens […]
Read More02 May, 2025
CBDT has notified ITR Form 3 for AY 2025-26. Major updates include crypto disclosures, changes for unlisted shares, and additional financial reporting. Know who should file and what’s new. ITR Form 3 AY 2025-26: What’s Changed? The Central Board of Direct Taxes (CBDT) has officially notified Income Tax Return Form 3 for Assessment Year (AY) […]
Read More02 May, 2025
SC Quashes Duty Demand Intro:The Supreme Court recently struck down a customs duty demand arising from chemical reclassification due to procedural lapses in sampling and testing. This case sets a strong precedent on how Customs must follow due process when altering HS Code classifications, especially when it leads to higher duties. What Was the Case […]
Read More02 May, 2025
Guarantor’s Insolvency Petition Fails: NCLAT Clarifies Section 94 Scope In a crucial ruling, the National Company Law Appellate Tribunal (NCLAT) dismissed a Section 94 insolvency petition filed by a personal guarantor, calling it a tactical misuse to stall debt recovery. This decision sets a clear precedent against strategic delays under the Insolvency and Bankruptcy Code […]
Read More02 May, 2025
Intro Paragraph:ITC refund issues often confuse businesses offering both goods and services. A recent Andhra Pradesh High Court ruling clarifies that the absence of service details in a GST registration certificate does not disqualify a taxpayer from claiming refunds on zero-rated service exports. What Was the Case About? Alstom Transport India Ltd., initially registered under […]
Read More02 May, 2025
Can Manufacturers Claim Both Input and Output Tax Benefits? Yes, says the High Court — and this is a relief for Indian exporters. In a significant judgment, the Delhi High Court ruled that manufacturers/exporters are entitled to claim both input-side and output-side tax benefits under Indian tax law, as long as there is no double […]
Read More30 Apr, 2025
Orissa High Court has ruled that individual lawyers are exempt from GST on legal services, quashing notices demanding tax from a Bhubaneswar advocate. This aligns with existing exemptions for legal professionals under GST and service tax laws. GST Exemption for Lawyers: What the Orissa High Court Just Clarified If you’re an individual legal practitioner in […]
Read More30 Apr, 2025
Aligning Export Policy with Finance Act 2025: What It Means for Indian Exporters The Directorate General of Foreign Trade (DGFT) has invited inputs from stakeholders on aligning India’s Export Policy with the recently passed Finance Act, 2025. This development signals important changes ahead—especially for exporters, customs consultants, and international traders relying on DGFT notifications and […]
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