Non-submission of FIRC cannot be the sole basis to deny the claim for refund of unutilised ITC.

Madras High Court delivers a Googly - Rules notifications 09/2023– CT and 56/2023-CT issued u/s 168A are invalid and illegal, but Orders issued u/s 73(10) are not time barred

Buyback of Shares not “Receipt of Property” under section 56(2)(viia)

Madras HC ruled that DGFT’s classification of goods under EPCG is binding on the Customs Authority and cannot be questioned

Revisiting the Doctrinal Divide: Cancellation Versus Revocation of Bail Orders

Treaty Provisions, not transformed into National Law [Customs Act], cannot deprive the Department of its power to issue SCN.

Sale of Equity Oriented Mutual Funds not akin to alienation of ‘shares’ - Treaty benefit available

Recommendation for streamlining the incorporation process of IFSC Company

IFSCA Approves Third-Party Fund Management Services Framework

No withholding tax requirement on certain payments made to units set-up in IFSC

Reduction in a partner’s share on reconstitution not a capital asset transfer

Refund of unutilised Input Tax Credit (ITC) is allowed in cash on account of the closure of Business.

Omission of Rule 96(10) of the CGST Rules renders all pending proceedings, cases, and petitions pertaining to the said rule stand abated, and petitioners are entitled to claim refunds of IGST paid on export of goods.

Exemption under the STP Scheme Not to be denied because of delay in Technical Approval

Maharashtra Electric Vehicle Policy 2025

IBBI Notifies Key Amendments to CIRP Regulations

Transfer of Rights entitlement is not akin to transfer of shares

Incentive Scheme to Deepen India's Electronics Ecosystem

Bombay High Court quashes the show cause notice holding that no GST is payable on services supplied by way of transfer of development rights [TDR] or Floor Space Index [FSI]

Section 7(1)(aa) & 2(17)(e) of the Kerala GST Act, insofar as they introduce a levy on activities or transactions between members and their constituents or vice versa, have been held to be ultra vires