The article examines whether income tax, GST, and capital gains taxation are placing excessive pressure on hardworking taxpayers. It highlights concerns about high compliance costs, cash flow issues, ...

Pune ITAT held that accounting reclassification entries and journal adjustments require proper verification before being ...

CESTAT Ahmedabad ruled that before the 2016 amendment, there was no prohibition under the Cenvat Credit Rules against using basic excise duty credit for payment of NCCD. The Tribunal dismissed Revenue ...

Pune ITAT observed that reassessment proceedings initiated beyond three years may not be maintainable where the alleged escaped income is below ₹50 lakh. The matter was remanded for verification of ...

The article explains how Rule 14A promises GST registration within three days but may create serious compliance challenges for growing businesses. It highlights portal restrictions, withdrawal hurdles ...

RBI amended the capital adequacy norms for Payments Banks by revising rules for inclusion of quarterly profits in CET1 capital. The new framework allows quarterly profit recognition subject to audit ...

Madras High Court directed authorities to defer GST proceedings relating to royalty and seigniorage fees for quarrying minerals until the Supreme Court decides the larger dispute. The petitions were ...

The Tribunal rejected the Department’s approach of granting interest only on 7.5% statutory pre-deposit. It held that interest was payable on the entire ₹15 lakh deposited during ...

The High Court clarified that completed assessments do not abate upon search proceedings because no assessment proceedings remain pending. However, the earlier assessment loses enforceability after a ...

Gauhati High Court held that proceedings initiated through a time-barred show cause notice under Section 73(1) of the Finance Act were without jurisdiction. The adjudication order was consequently ...

The compliance calendar provides a consolidated list of regulatory filings applicable to SME listed companies under SEBI regulations and NSE circulars. It includes timelines, provisions, and filing ...

The analysis highlights how GST law forces recipients to pay suppliers within 180 days while still exposing them to ITC ...