Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Interest subvention support under the Export Promotion Mission is clarified to address cases where UIN generation lagged behind disbursal of eligible pre- or post-shipment export credit. For FY 2025-26, claims may be filed where credit was disbursed on or after 02.01.2026 and the UIN is generated on or before 31.05.2026; subvention is admissible from the date of disbursal, not from UIN generation. From FY 2026-27 onwards, a UIN generated within 15 days of original disbursal remains valid for subvention, which also runs from disbursal. Banks must apply the rate prevailing on the loan disbursal date, and claims must be linked to the relevant year of disbursal.
Interest subvention support under the Export Promotion Mission is clarified to address cases where UIN generation lagged behind disbursal of eligible pre- or post-shipment export credit. For FY 2025-26, claims may be filed where credit was disbursed on or after 02.01.2026 and the UIN is generated on or before 31.05.2026; subvention is admissible from the date of disbursal, not from UIN generation. From FY 2026-27 onwards, a UIN generated within 15 days of original disbursal remains valid for subvention, which also runs from disbursal. Banks must apply the rate prevailing on the loan disbursal date, and claims must be linked to the relevant year of disbursal.
Note: It is a system-generated summary and is for quick reference only.
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