Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Special additional excise duty on exported petrol and diesel is revised by substituting the applicable rates in Notification No. 06/2026-Central Excise. The duty rate for the product listed at serial number 1 is set at Rs. 3.5 per litre, and the rate for the product listed at serial number 2 is set at Rs. 24 per litre. These revised rates take effect from publication of the notification in the Official Gazette.
Special additional excise duty on exported petrol and diesel is revised by substituting the applicable rates in Notification No. 06/2026-Central Excise. The duty rate for the product listed at serial number 1 is set at Rs. 3.5 per litre, and the rate for the product listed at serial number 2 is set at Rs. 24 per litre. These revised rates take effect from publication of the notification in the Official Gazette.
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