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Flash News

RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling

New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026

FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026

CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)

CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction

RBI TReDS Directions 2026: What the New Trade Receivables Discounting Rules Mean for MSME Working Capital

DPT-3 Due Date Extended to July 31, 2026: MCA General Circular 02/2026, the Data Centre Fire Relief Package, and Who Must File

RBI Withdraws 732 Defunct FEMA Circulars (A.P. DIR Series Circular 18 of June 24, 2026): What Changes for Your FDI, ODI and ECB Compliance

CBDT FAQ Deep-Dive Series #8: Scientific Research and R&D Deduction Moves From Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025

SEBI’s GARUDA Mechanism: AIF Schemes Can Now Launch in 10 Working Days From the June 19, 2026 Board Reforms

Wednesday, July 08, 2026

Category: GST

GST Year-End Compliance Before March 31, 2026: LUT, Composition Scheme, ITC Reversal, and More
GST Notifications & Order GST

GST Year-End Compliance Before March 31, 2026: LUT, Composition Scheme, ITC Reversal, and More

admin March 17, 2026

Why March 31 Matters for Every GST-Registered Business As the financial year 2025-26 draws to a close, GST-registered businesses face a series of critical compliance deadlines on March 31, 2026. … Read More

GST

Remuneration paid to directors to attract GST – AAR

CA Adityavikram Banka December 8, 2023

Companies will have to pay GST under RCM on the remuneration they give to directors, the Authority for Advance Ruling (AAR) has said. In an application filed before the Rajasthan … Read More

GST 1 Comment on Remuneration paid to directors to attract GST – AAR
CBIC notifies the changes recommended in the 43rd GST Council meeting
GST Notifications & Order GST

CBIC notifies the changes recommended in the 43rd GST Council meeting

admin June 3, 2021

CBIC notifies the changes recommended in the 43rd GST Council meeting through following Notifications : Notification No 17/2021 to 27/2021 of Central Tax Dated 1st June 2021 Notification No No. … Read More

ExtensionGSTGST CouncilNotification
Key points from 43rd GST Council Meeting
GST

Key points from 43rd GST Council Meeting

Mayank Banka May 29, 2021

Finance Minister Smt. Nirmala Sitharaman chaired the 43rd GST council meeting via video conferencing. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri … Read More

GSTGST Amnesty SchemeGST Council
Presentation on E-Invoice Under GST
GST

Presentation on E-Invoice Under GST

CA Adityavikram Banka May 20, 2021

Presentation on E-Invoice Under GST Click on Link to Download Presentation Presentation Guide

E-InvoiceGST
Extension of Due Date of GST for March & April 2021 Return
GST Notifications & Order GST

Extension of Due Date of GST for March & April 2021 Return

CA Adityavikram Banka May 1, 2021

Relief Measures announced in GST Compliances In view of recent surge in Coronavirus Cases 1. Reduction in Interest Rate for delayed GST payment for Regular Taxpayer for the month of … Read More

Due DateExtensionGSTGST ReturnNotification
Decisions of 40th GST Council Meeting held on 12th June 2020
GST

Decisions of 40th GST Council Meeting held on 12th June 2020

admin June 13, 2020

The Key Decisions of 40th GST Council Meeting held on 12th June 2020 are as follows: 1. Nil late fees for GSTR-3B if there is no tax liablity, for all … Read More

ExtensionGSTGST CouncilGST Return
CBIC Clarifies – Salaries paid to company directors not to attract GST
Notifications & Order GST

CBIC Clarifies – Salaries paid to company directors not to attract GST

admin June 10, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on 10th June, 2020 Vide Circular No: 140/10/2020 – GST clarified that, GST will not be levied on salaries paid to … Read More

CBICDirectorGSTRCMReverse Charge Mechanism
GST Notification No.41/2020 : GSTR 9/9C Due Date Extension Notification For FY 2018-19
GST Notifications & Order GST

GST Notification No.41/2020 : GSTR 9/9C Due Date Extension Notification For FY 2018-19

admin May 9, 2020

The Central Board of Indirect Taxes & Customs has issued a notification to further extend the GSTR 9/9C due date, due to pandemic situation in the country. Therefore, as per … Read More

CBICExtensionGSTGST AuditGSTR 9/9CNotification
Case Law GST

Remuneration paid to directors to attract GST – AAR

CA Adityavikram Banka April 8, 2020

Companies will have to pay GST under RCM on the remuneration they give to directors, the Authority for Advance Ruling (AAR) has said.

AARAuthority for Advance RulingDirectorGSTRCM

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Recent Posts

  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling
  • New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026
  • FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026
  • CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)
  • CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction

INCOME TAX

  • New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026
  • CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)
  • CBDT FAQ Deep-Dive Series #8: Scientific Research and R&D Deduction Moves From Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025
  • Children Education Allowance Jumps to Rs 3,000 a Month: How the Income-tax Rules 2026 Reset Salary Allowance Exemption Limits From FY 2026-27
  • HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026

Corporate Law

  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling
  • FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026
  • RBI TReDS Directions 2026: What the New Trade Receivables Discounting Rules Mean for MSME Working Capital
  • DPT-3 Due Date Extended to July 31, 2026: MCA General Circular 02/2026, the Data Centre Fire Relief Package, and Who Must File
  • Corporate Laws (Amendment) Bill 2026: Bigger Small Company, Liberalised Buybacks and a Body-Corporate NFRA

CASE LAW

  • Sec 54 – Date of possession of new property is to be considered in the case of constructed property: ITAT Mumbai
  • Transit rent paid by the developer is not a revenue receipt and so not taxable: Bombay HC
  • Legal precedents on Ad- Hoc Disallowances
  • Additions cannot be made based on profit assumptions: Punjab & Haryana HC
  • Excessive or unreasonable salary, is a sine qua non in invoking the provision of Sec 40A(2)(b): ITAT Ahmedabad

GOODS & SERVICE TAX (GST)

  • CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction
  • GSTR-3B Hard-Locking and IMS: Why GSTR-1 and the Invoice Management System Now Decide Your GST Liability
  • GSTN Defers Mandatory Ship-To GSTIN and E-Way Bill Voluntary Closure to August 1, 2026: What Changes and How to Prepare
  • GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist
  • GSTAT Cohort-D With 35 Days Left to the June 30 2026 Cut-Off: The 5 NIC Portal Filing Errors Killing Practitioner Throughput, Section 112(8) Pre-Deposit Mechanics Under Rule 123 of the GSTAT Procedure Rules 2025, Section 112(6) Condonation Map to September 28 2026, and the Week-by-Week Sprint Template for the Final Filing Window

OTHER POSTS

  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling
  • New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026
  • FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026
  • CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)
  • CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction

AIF Annual Return April 2026 AY 2021-22 Budget Changes Case Law CBDT CBIC CCFS 2026 Circular Companies Act Companies Act 2013 Corporate Law DIN Dormant Company Due Date Extension FEMA Finance Act Foreign Exchange FY 2020-21 GST GST Council GSTR3B GST Return High Court Income-tax Act 2025 Income Tax Income Tax Act 2025 Income Tax Rules 2026 International Taxation ITAT LLP MCA MCA V3 Portal Notification NRI NRI Taxation RBI RCM Residential Status ROC Filing SEBI Strike Off TDS

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