Tax Updates - Daily Update

Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Tue, 16 Jun 2026 01:31:13 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Govt hikes windfall tax on diesel, ATF exports https://www.taxtmi.com/news?id=73376 https://www.taxtmi.com/news?id=73376 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Universal e-seal readers enable ICEGATE-based export verification and automated clearance processes at New Mangalore Port. https://www.taxtmi.com/highlights?id=100792 https://www.taxtmi.com/highlights?id=100792 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI Compulsory registration for standalone hard disk drives now applies, while USB external drives remain under existing provisions. https://www.taxtmi.com/highlights?id=100791 https://www.taxtmi.com/highlights?id=100791 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI Highly Specialized Equipment exemption expands under compulsory registration rules for low-volume, large or high-power equipment. https://www.taxtmi.com/highlights?id=100790 https://www.taxtmi.com/highlights?id=100790 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI ASR and SFCN messages under SCMTR are live pan-India, with mandatory ACU and ATP registration required for stakeholders. https://www.taxtmi.com/highlights?id=100789 https://www.taxtmi.com/highlights?id=100789 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI GSTAT Mumbai Bench commences operations, with jurisdiction, filing procedure and defect-cure requirements now in force. https://www.taxtmi.com/highlights?id=100788 https://www.taxtmi.com/highlights?id=100788 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Cancellation of Out of Charge requires importer request, CFS confirmation of goods availability, and higher approval if goods are missing. https://www.taxtmi.com/highlights?id=100787 https://www.taxtmi.com/highlights?id=100787 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI ED interrogates TMC MP Abhishek for over 11 hours in primary school jobs scam case https://www.taxtmi.com/news?id=73375 https://www.taxtmi.com/news?id=73375 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot' https://www.taxtmi.com/news?id=73374 https://www.taxtmi.com/news?id=73374 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI India's engineering exports jump 24 pc to USD 12.31bn in May: EEPC https://www.taxtmi.com/news?id=73373 https://www.taxtmi.com/news?id=73373 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers https://www.taxtmi.com/news?id=73372 https://www.taxtmi.com/news?id=73372 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Gujarat govt unveils new industrial policy, targets Rs 10 lakh crore investment over 5 years https://www.taxtmi.com/news?id=73371 https://www.taxtmi.com/news?id=73371 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Rupee rises 60 paise to settle at 94.58 against US dollar https://www.taxtmi.com/news?id=73370 https://www.taxtmi.com/news?id=73370 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Exports rise to 6-month high of 18 pc in May; trade deficit widens to USD 28.21 bn https://www.taxtmi.com/news?id=73369 https://www.taxtmi.com/news?id=73369 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Rs 500-cr crypto fraud: ED carries out raids, arrests one for laundering investor funds https://www.taxtmi.com/news?id=73368 https://www.taxtmi.com/news?id=73368 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI India and Slovakia elevate ties to comprehensive partnership, sign 11 pacts https://www.taxtmi.com/news?id=73367 https://www.taxtmi.com/news?id=73367 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Soybean meal exports fall 63 percent in May due to high prices, West Asia crisis https://www.taxtmi.com/news?id=73366 https://www.taxtmi.com/news?id=73366 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI India records USD 4.7 bn current account surplus in April: RBI data https://www.taxtmi.com/news?id=73365 https://www.taxtmi.com/news?id=73365 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Liberalisation of Foreign Portfolio Investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 https://www.taxtmi.com/circulars?id=70285 https://www.taxtmi.com/circulars?id=70285 Tue, 16 Jun 2026 01:21:47 +0530 FEMA Circulars TaxLaws TaxTMI Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver https://www.taxtmi.com/notifications?id=146074 https://www.taxtmi.com/notifications?id=146074 Tue, 16 Jun 2026 01:21:47 +0530 Customs Notifications TaxLaws TaxTMI Operationalization of Help Desk for the GSTAT, Chennai Bench https://www.taxtmi.com/circulars?id=70284 https://www.taxtmi.com/circulars?id=70284 Tue, 16 Jun 2026 01:21:47 +0530 GST Circulars TaxLaws TaxTMI India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts https://www.taxtmi.com/news?id=73364 https://www.taxtmi.com/news?id=73364 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI The cumulative exports (merchandise services) during April-May 2026-27 is estimated at US$ 162.69 Billion, as compared to US$ 141.89 Billion in April-May 2025-26, an estimated growth of 14.66% https://www.taxtmi.com/news?id=73363 https://www.taxtmi.com/news?id=73363 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI IICA Hosts National Conference on “Redefining India’s Restructuring Ecosystem” to Mark a Decade of IBC and Celebrates Convocation of PGIP 6th Batch https://www.taxtmi.com/news?id=73362 https://www.taxtmi.com/news?id=73362 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI BCBA to Host India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai https://www.taxtmi.com/news?id=73361 https://www.taxtmi.com/news?id=73361 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI GSTAT, issued a Office Memorandum relating the wearing robes in view of presently prevailing extreme heat conditions https://www.taxtmi.com/circulars?id=70282 https://www.taxtmi.com/circulars?id=70282 Tue, 16 Jun 2026 01:21:47 +0530 GST Circulars TaxLaws TaxTMI Sasken Technologies-Backed Team Clinches First-Ever Gold for India at European Girls Olympiad in Informatics 2026 https://www.taxtmi.com/news?id=73360 https://www.taxtmi.com/news?id=73360 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister https://www.taxtmi.com/news?id=73359 https://www.taxtmi.com/news?id=73359 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Exports register 6-month high growth of 18 pc in May; trade deficit widens to USD 28.21 bn https://www.taxtmi.com/news?id=73358 https://www.taxtmi.com/news?id=73358 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Applicability of First Proviso or Second Proviso to Section 107(11) in Departmental Appeal /forum/issue?id=120964 /forum/issue?id=120964 Tue, 16 Jun 2026 01:21:47 +0530 GST Discussion-Forum TaxLaws TaxTMI Horizon: Pioneering the Future of Elevated Residential Hospitality https://www.taxtmi.com/news?id=73357 https://www.taxtmi.com/news?id=73357 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Finalising NFL's tender to import 17 lakh tn urea; stock comfortable for Kharif season: Govt https://www.taxtmi.com/news?id=73356 https://www.taxtmi.com/news?id=73356 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI US Trade Representative to hold trade pact talks with Goyal next week https://www.taxtmi.com/news?id=73355 https://www.taxtmi.com/news?id=73355 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI SC to hear tomorrow plea seeking strict use of Aadhaar only as identity proof https://www.taxtmi.com/news?id=73354 https://www.taxtmi.com/news?id=73354 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Wholesale inflation hits record high of 9.68 pc in May as fuel costs spike https://www.taxtmi.com/news?id=73353 https://www.taxtmi.com/news?id=73353 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Rupee rises 47 paise to settle at 94.71 against US dollar https://www.taxtmi.com/news?id=73352 https://www.taxtmi.com/news?id=73352 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Reverse-charge ITC and credit distribution without ISD registration were upheld on statutory reading and revenue neutrality. https://www.taxtmi.com/highlights?id=100786 https://www.taxtmi.com/highlights?id=100786 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI AU Small Finance Bank Strengthens Customer-First Approach to Its Credit Card Range https://www.taxtmi.com/news?id=73351 https://www.taxtmi.com/news?id=73351 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Exports up 18 pc to USD 45.2 bn in May https://www.taxtmi.com/news?id=73350 https://www.taxtmi.com/news?id=73350 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Delhi's role important in showing efficiency, accessibility of digital governance: LG https://www.taxtmi.com/news?id=73349 https://www.taxtmi.com/news?id=73349 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Kerala: ED questions CMRL MD''s daughter in money laundering probe https://www.taxtmi.com/news?id=73348 https://www.taxtmi.com/news?id=73348 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2026. https://www.taxtmi.com/notifications?id=146033 https://www.taxtmi.com/notifications?id=146033 Tue, 16 Jun 2026 01:21:47 +0530 FEMA Notifications TaxLaws TaxTMI Extension of operational hours of Container Scanning Division to 12 hours (10:00–22:00 hrs) at Syama Prasad Mookherjee Port, Kolkata (SMPK) https://www.taxtmi.com/circulars?id=70277 https://www.taxtmi.com/circulars?id=70277 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI WPI inflation rises to 9.68 pc in May as fuel, food, manufactured items see price spike https://www.taxtmi.com/news?id=73347 https://www.taxtmi.com/news?id=73347 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026. https://www.taxtmi.com/notifications?id=146054 https://www.taxtmi.com/notifications?id=146054 Tue, 16 Jun 2026 01:21:47 +0530 FEMA Notifications TaxLaws TaxTMI TMC MP Abhishek Banerjee appears before ED for questioning in primary school jobs case https://www.taxtmi.com/news?id=73346 https://www.taxtmi.com/news?id=73346 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Seeks to bring in force provisions of Works of Defence Act, 1903 - Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146027 https://www.taxtmi.com/notifications?id=146027 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the British India Corporation Limited (Acquisition of Shares) Act, 1981- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146050 https://www.taxtmi.com/notifications?id=146050 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI More steps likely to attract foreign capital: Sitharaman https://www.taxtmi.com/news?id=73345 https://www.taxtmi.com/news?id=73345 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Seeks to bring in force provisions of relating to the Cantonments Act, 2006- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146048 https://www.taxtmi.com/notifications?id=146048 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI India, UK discuss collaboration in tech, research, startups https://www.taxtmi.com/news?id=73344 https://www.taxtmi.com/news?id=73344 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Seeks to bring in force provisions of relating to the Real Estate (Regulation and Development) Act, 2016- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146042 https://www.taxtmi.com/notifications?id=146042 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Central Government rescinds the Notification Number S.O. 11(E) dated 4th January, 2011 https://www.taxtmi.com/notifications?id=146056 https://www.taxtmi.com/notifications?id=146056 Tue, 16 Jun 2026 01:21:47 +0530 SEZ Notifications TaxLaws TaxTMI Rupee rises 58 paise to 94.60 against US dollar in early trade https://www.taxtmi.com/news?id=73343 https://www.taxtmi.com/news?id=73343 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI GST: No ITC Claimed, No Reversal Required - Certificate of Non-Availment of Input Tax Credit by the Recipient of Goods https://www.taxtmi.com/article/detailed?id=16659 https://www.taxtmi.com/article/detailed?id=16659 Tue, 16 Jun 2026 01:21:47 +0530 GST Articles TaxLaws TaxTMI Supreme Court: Banning the Online Money Gaming is within the States’ Power https://www.taxtmi.com/article/detailed?id=16658 https://www.taxtmi.com/article/detailed?id=16658 Tue, 16 Jun 2026 01:21:47 +0530 GST Articles TaxLaws TaxTMI Final Appeal to all concerned for extension of due date for GSTAT appeals till 31/12/2026. https://www.taxtmi.com/article/detailed?id=16657 https://www.taxtmi.com/article/detailed?id=16657 Tue, 16 Jun 2026 01:21:47 +0530 GST Articles TaxLaws TaxTMI GSTAT Tweet - A firm stance on deadline or a strategic nudge towards compliance https://www.taxtmi.com/article/detailed?id=16656 https://www.taxtmi.com/article/detailed?id=16656 Tue, 16 Jun 2026 01:21:47 +0530 GST Articles TaxLaws TaxTMI CURATIVE PETITION IN GST LITIGATION: WHEN FINALITY BECOMES A RULE OF JUSTICE https://www.taxtmi.com/article/detailed?id=16655 https://www.taxtmi.com/article/detailed?id=16655 Tue, 16 Jun 2026 01:21:47 +0530 GST Articles TaxLaws TaxTMI ISSUE OF SHARES AT A PRICE LOWER THAN VALUATION REPORT https://www.taxtmi.com/article/detailed?id=16654 https://www.taxtmi.com/article/detailed?id=16654 Tue, 16 Jun 2026 01:21:47 +0530 Corporate Laws Articles TaxLaws TaxTMI NO GST ON CORPORATE CARD USAGE FOR TAX https://www.taxtmi.com/article/detailed?id=16653 https://www.taxtmi.com/article/detailed?id=16653 Tue, 16 Jun 2026 01:21:47 +0530 GST Articles TaxLaws TaxTMI Accounting in the Cloud: Why the Location of Your Financial Records Now Matters? https://www.taxtmi.com/article/detailed?id=16652 https://www.taxtmi.com/article/detailed?id=16652 Tue, 16 Jun 2026 01:21:47 +0530 Auditing Articles TaxLaws TaxTMI EXPORT OF COCONUT and VALUE ADDED PRODUCTS FROM INDIA: A COMPREHENSIVE GUIDE FOR EXPORTERS. https://www.taxtmi.com/article/detailed?id=16651 https://www.taxtmi.com/article/detailed?id=16651 Tue, 16 Jun 2026 01:21:47 +0530 Customs Articles TaxLaws TaxTMI FSSAI Notifies Vegan Foods Amendment Regulations, 2026: Mandatory Vegan Logo to Become Effective from July 2027 https://www.taxtmi.com/article/detailed?id=16650 https://www.taxtmi.com/article/detailed?id=16650 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Articles TaxTMI Data Residency and Digital Accounting Records: An Analysis of India's Regulatory Framework. https://www.taxtmi.com/article/detailed?id=16649 https://www.taxtmi.com/article/detailed?id=16649 Tue, 16 Jun 2026 01:21:47 +0530 Auditing Articles TaxLaws TaxTMI Risk-Based Internal Auditing: A Proactive Approach. https://www.taxtmi.com/article/detailed?id=16648 https://www.taxtmi.com/article/detailed?id=16648 Tue, 16 Jun 2026 01:21:47 +0530 Auditing Articles TaxLaws TaxTMI Notice to legal representative required before proceeding against deceased sole proprietor; order against dead person quashed https://www.taxtmi.com/highlights?id=100785 https://www.taxtmi.com/highlights?id=100785 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Restoration of Cancelled GST Registration Permitted on Filing Returns and Full Tax Payment Under Rule 22(4) https://www.taxtmi.com/highlights?id=100784 https://www.taxtmi.com/highlights?id=100784 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI SEZ and zero-rated supply dispute remanded for fresh adjudication after missing documents were produced before authority https://www.taxtmi.com/highlights?id=100783 https://www.taxtmi.com/highlights?id=100783 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Refund claims can be reconsidered when supplier classification errors are curable and supporting documents are later produced. https://www.taxtmi.com/highlights?id=100782 https://www.taxtmi.com/highlights?id=100782 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Writ against show-cause notice held premature; jurisdiction upheld where officer was otherwise empowered under the rules https://www.taxtmi.com/highlights?id=100781 https://www.taxtmi.com/highlights?id=100781 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Natural justice in reassessment: failure to consider assessee's reply vitiates the notice and requires fresh adjudication https://www.taxtmi.com/highlights?id=100780 https://www.taxtmi.com/highlights?id=100780 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Short deduction, corporate guarantee fee, and section 14A presumptions: no substantial question of law on covered issues. https://www.taxtmi.com/highlights?id=100779 https://www.taxtmi.com/highlights?id=100779 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Intra-entity interest and banking deductions: head office expenses, foreign exchange losses, and securities valuation treated as allowable. https://www.taxtmi.com/highlights?id=100778 https://www.taxtmi.com/highlights?id=100778 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Depreciation on goodwill fails where the transfer agreement is unsigned and unregistered, lacking legal sanctity. https://www.taxtmi.com/highlights?id=100777 https://www.taxtmi.com/highlights?id=100777 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Electronic evidence needs corroboration before tax additions; unproven property deals and repeated taxation were rejected https://www.taxtmi.com/highlights?id=100776 https://www.taxtmi.com/highlights?id=100776 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Order-specific appeal rights bar challenge to an assessment that made no fresh adverse variation under tax law https://www.taxtmi.com/highlights?id=100775 https://www.taxtmi.com/highlights?id=100775 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Redemption fine and re-export relief maintained, with deposited amounts set off against fines and penalties https://www.taxtmi.com/highlights?id=100774 https://www.taxtmi.com/highlights?id=100774 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI Strict construction of customs exemption notifications upheld denial, duty recovery, confiscation, and penalty for breached post-import conditions. https://www.taxtmi.com/highlights?id=100773 https://www.taxtmi.com/highlights?id=100773 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI Re-import exemption and drawback repayment allowed for exported goods after compliance with bond and re-export conditions https://www.taxtmi.com/highlights?id=100772 https://www.taxtmi.com/highlights?id=100772 Tue, 16 Jun 2026 01:21:47 +0530 Customs Highlights TaxLaws TaxTMI Natural justice permits writ interference when additional objections are refused in insolvency proceedings after an original reply. https://www.taxtmi.com/highlights?id=100771 https://www.taxtmi.com/highlights?id=100771 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Highlights TaxTMI Threshold locus standi under Section 94 IBC can be examined first; personal guarantor status must be proved. https://www.taxtmi.com/highlights?id=100770 https://www.taxtmi.com/highlights?id=100770 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Highlights TaxTMI PMLA bail and Article 21: prolonged pre-trial custody can justify release despite failure to satisfy the twin conditions. https://www.taxtmi.com/highlights?id=100769 https://www.taxtmi.com/highlights?id=100769 Tue, 16 Jun 2026 01:21:47 +0530 PMLA Highlights TaxLaws TaxTMI SEZ refund turns on actual use for authorised operations, not invoice defects, where tax payment and nexus are undisputed. https://www.taxtmi.com/highlights?id=100768 https://www.taxtmi.com/highlights?id=100768 Tue, 16 Jun 2026 01:21:47 +0530 Service Tax Highlights TaxLaws TaxTMI Gst paid only once on good cannot be demanded again /forum/issue?id=120961 /forum/issue?id=120961 Tue, 16 Jun 2026 01:21:47 +0530 GST Discussion-Forum TaxLaws TaxTMI Goa Congress urges Sebi to withhold listing of Vedanta Iron and Steel Ltd https://www.taxtmi.com/news?id=73342 https://www.taxtmi.com/news?id=73342 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Issuance of CN against Export invoice- SEZ Company /forum/issue?id=120959 /forum/issue?id=120959 Tue, 16 Jun 2026 01:21:47 +0530 GST Discussion-Forum TaxLaws TaxTMI Rupee-dollar fluctuations driven by global, domestic factors: Sitharaman https://www.taxtmi.com/news?id=73341 https://www.taxtmi.com/news?id=73341 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI 2 arrested for operating fake common service centre, online fraud in Meerut https://www.taxtmi.com/news?id=73340 https://www.taxtmi.com/news?id=73340 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Unauthorised absence by RBI official grave misconduct: HC; upholds his removal https://www.taxtmi.com/news?id=73339 https://www.taxtmi.com/news?id=73339 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI India's Russian oil imports rise in May as refiners boost purchases https://www.taxtmi.com/news?id=73338 https://www.taxtmi.com/news?id=73338 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri https://www.taxtmi.com/news?id=73337 https://www.taxtmi.com/news?id=73337 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Assam Cabinet decides to stop Aadhaar issuance to those aged above 18 yrs https://www.taxtmi.com/news?id=73336 https://www.taxtmi.com/news?id=73336 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Advocate Aashutosh Srivastava Conferred Honorary Doctorate in Law by Washington Digital University, USA https://www.taxtmi.com/news?id=73335 https://www.taxtmi.com/news?id=73335 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Ex-RCom official Gautam Doshi sent to 5-day ED custody in Rs 40,000 cr money laundering probe https://www.taxtmi.com/news?id=73334 https://www.taxtmi.com/news?id=73334 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI HIGHLIGHTS https://www.taxtmi.com/news?id=73333 https://www.taxtmi.com/news?id=73333 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI OFCD case: SEBI moves SC against SAT relief to SICCL managers, company secretary https://www.taxtmi.com/news?id=73332 https://www.taxtmi.com/news?id=73332 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI TDS PPT by GSTN https://www.taxtmi.com/news?id=73225 https://www.taxtmi.com/news?id=73225 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI STANDARD OPERATING PROCEDURE (SOP) ON TDS https://www.taxtmi.com/news?id=73223 https://www.taxtmi.com/news?id=73223 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Master Circular for Alternative Investment Funds (AIFs) https://www.taxtmi.com/circulars?id=70265 https://www.taxtmi.com/circulars?id=70265 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Circulars TaxTMI Master Circular on Surveillance of Securities Market https://www.taxtmi.com/circulars?id=70264 https://www.taxtmi.com/circulars?id=70264 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Circulars TaxTMI AXISCADES Announces Strategic Engineering Services Divestment Program for Aerospace Engineering Services Business https://www.taxtmi.com/news?id=73331 https://www.taxtmi.com/news?id=73331 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Applicability of cost audit to Pvt Ltd co. /forum/issue?id=120960 /forum/issue?id=120960 Tue, 16 Jun 2026 01:21:47 +0530 Corporate Laws Discussion-Forum TaxLaws TaxTMI Implementation of Universal E-Seal Reader at New Mangalore Port [INNML1]- Commencement of export container e-seal verification through ICEGATE Integration https://www.taxtmi.com/circulars?id=70276 https://www.taxtmi.com/circulars?id=70276 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI QCI and FDDI Sign MoU to Strengthen Quality and Skilling Ecosystem in Leather and Footwear Sector https://www.taxtmi.com/news?id=73330 https://www.taxtmi.com/news?id=73330 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Assam Cabinet decides to stop Aadhaar issuance to those aged above 18: CM https://www.taxtmi.com/news?id=73329 https://www.taxtmi.com/news?id=73329 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI DPIIT, ONDC Bring FMCG Leaders Together to Digitise Procurement for India’s 1.4 Crore Kirana Stores Through DigiDukaan https://www.taxtmi.com/news?id=73328 https://www.taxtmi.com/news?id=73328 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws News TaxTMI Pan India implementation of ASR(Allowed for Shipment Request) message and SFCN (Stuffing Cancellation) message under SCMTR,2018- w.e.f 25.05.2026 https://www.taxtmi.com/circulars?id=70272 https://www.taxtmi.com/circulars?id=70272 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI Implementation of MeitY Notification S.O. 2204(E) dated 05.05.2026 regarding “Standalone Hard Disk Drives” under Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 https://www.taxtmi.com/circulars?id=70275 https://www.taxtmi.com/circulars?id=70275 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI Implementation of MeitY Notification S.O. 1246(E) dated 10.03.2026 regarding exemption for Highly Specialized Equipment (HSE) under Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021. https://www.taxtmi.com/circulars?id=70274 https://www.taxtmi.com/circulars?id=70274 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI Seeks to bring in force provisions of relating to the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146052 https://www.taxtmi.com/notifications?id=146052 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Petroleum and Natural Gas Regulatory Board Act, 2006- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146051 https://www.taxtmi.com/notifications?id=146051 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Lalit Kala Akademi (Taking Over of Management) Act, 1997- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146049 https://www.taxtmi.com/notifications?id=146049 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Cattle-trespass Act, 1871- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146047 https://www.taxtmi.com/notifications?id=146047 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Damodar Valley Corporation Act, 1948- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146046 https://www.taxtmi.com/notifications?id=146046 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Prevention and Control of Infectious and Contagious Diseases in Animals Act, 2009- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146045 https://www.taxtmi.com/notifications?id=146045 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Electricity Act, 2003- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146044 https://www.taxtmi.com/notifications?id=146044 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of Live-stock Importation Act, 1898 - Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146043 https://www.taxtmi.com/notifications?id=146043 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Delhi Municipal Corporation Act, 1957- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146041 https://www.taxtmi.com/notifications?id=146041 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the New Delhi Municipal Council Act, 1994- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146040 https://www.taxtmi.com/notifications?id=146040 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Minutes of the meeting - 3rd 4th meeting of the “Committee for Resolution of Representation received from various Trade / Bar Associations” of Goods and Services Tax Appellate Tribunal (GSTAT) https://www.taxtmi.com/circulars?id=70273 https://www.taxtmi.com/circulars?id=70273 Tue, 16 Jun 2026 01:21:47 +0530 GST Circulars TaxLaws TaxTMI Seeks to bring in force provisions of relating to the Delhi Police Act, 1978- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146039 https://www.taxtmi.com/notifications?id=146039 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Civil Defence Act, 1968- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146038 https://www.taxtmi.com/notifications?id=146038 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Disaster Management Act, 2005- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146037 https://www.taxtmi.com/notifications?id=146037 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Private Security Agencies (Regulation) Act, 2005- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146036 https://www.taxtmi.com/notifications?id=146036 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Legal Metrology Act, 2009- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146034 https://www.taxtmi.com/notifications?id=146034 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Seeks to bring in force provisions of relating to the Delhi Land Holdings (Ceiling) Act, 1960- Jan Vishwas (Amendment of Provisions) Act, 2026 https://www.taxtmi.com/notifications?id=146035 https://www.taxtmi.com/notifications?id=146035 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Mandatory re-assessment of Bill of Entry as a pre-requisite for refund of excess Customs duty paid - Use of "Re-assessment cum Refund" module on ICEGATE 2.0 https://www.taxtmi.com/circulars?id=70261 https://www.taxtmi.com/circulars?id=70261 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI GST charge on Transaction advice ;inward remittance;conversion fee /forum/issue?id=120949 /forum/issue?id=120949 Tue, 16 Jun 2026 01:21:47 +0530 GST Discussion-Forum TaxLaws TaxTMI Functioning of The Goods and Services Tax Appellate Tribunal, Mumbai Bench https://www.taxtmi.com/circulars?id=70270 https://www.taxtmi.com/circulars?id=70270 Tue, 16 Jun 2026 01:21:47 +0530 GST Circulars TaxLaws TaxTMI Procedure for cancellation of Out of Charge (OOC) https://www.taxtmi.com/circulars?id=70267 https://www.taxtmi.com/circulars?id=70267 Tue, 16 Jun 2026 01:21:47 +0530 Customs Circulars TaxLaws TaxTMI Delegation of Powers under Rule 9(3) of the Industrial Relations (Central) Rules, 2026 https://www.taxtmi.com/notifications?id=146032 https://www.taxtmi.com/notifications?id=146032 Tue, 16 Jun 2026 01:21:47 +0530 TaxLaws Notifications TaxTMI Corrigendum - Notification No. 45/2025-Customs, dated the 24th October, 2025 https://www.taxtmi.com/notifications?id=146031 https://www.taxtmi.com/notifications?id=146031 Tue, 16 Jun 2026 01:21:47 +0530 Customs Notifications TaxLaws TaxTMI WHEN THE TAX FOUNDATION COLLAPSES, CRIMINAL PROSECUTION CANNOT STAND https://www.taxtmi.com/article/detailed?id=16647 https://www.taxtmi.com/article/detailed?id=16647 Tue, 16 Jun 2026 01:21:47 +0530 Excise Articles TaxLaws TaxTMI GST registration restoration for non-filing defaults depends on compliance with pending returns and dues before the authority. https://www.taxtmi.com/highlights?id=100767 https://www.taxtmi.com/highlights?id=100767 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI System-generated GST notices must identify the competent issuing authority; otherwise, cancellation of registration cannot stand. https://www.taxtmi.com/highlights?id=100766 https://www.taxtmi.com/highlights?id=100766 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI GST limitation and suppression on ITC mismatch upheld after Covid-19 exclusion and extended-period notice challenge https://www.taxtmi.com/highlights?id=100765 https://www.taxtmi.com/highlights?id=100765 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI GST job-work records and revenue neutrality: Section 74 invocation upheld, while factual verification of neutrality was remitted. https://www.taxtmi.com/highlights?id=100764 https://www.taxtmi.com/highlights?id=100764 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Restoration of cancelled GST registration may follow payment of dues where default stems from hardship and Covid disruption. https://www.taxtmi.com/highlights?id=100763 https://www.taxtmi.com/highlights?id=100763 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Bail in GST forgery cases may rest on limited weight of confessional and co-accused statements after charge-sheet filing. https://www.taxtmi.com/highlights?id=100762 https://www.taxtmi.com/highlights?id=100762 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Actual supply verification required before confirming demand and penalty on alleged invoice-only inward supply allegations https://www.taxtmi.com/highlights?id=100761 https://www.taxtmi.com/highlights?id=100761 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI GST on sub-contracted works contracts: 18% rate upheld, differential tax reimbursement ordered, and refund claim left for reconciliation. https://www.taxtmi.com/highlights?id=100760 https://www.taxtmi.com/highlights?id=100760 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Anti-profiteering on cinema tickets: GST benefit had to be passed on, with profiteered sums deposited in consumer welfare funds https://www.taxtmi.com/highlights?id=100759 https://www.taxtmi.com/highlights?id=100759 Tue, 16 Jun 2026 01:21:47 +0530 GST Highlights TaxLaws TaxTMI Reassessment limitation under amended law: exclusion of 148A notice-reply period kept reopening of completed assessment within time. https://www.taxtmi.com/highlights?id=100758 https://www.taxtmi.com/highlights?id=100758 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI TDS credit cannot be denied for portal mismatch; authorities must verify Form 16A before rejecting credit. https://www.taxtmi.com/highlights?id=100757 https://www.taxtmi.com/highlights?id=100757 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Section 50 deeming fiction limited to computation, preserving long-term capital loss set-off on depreciable assets https://www.taxtmi.com/highlights?id=100756 https://www.taxtmi.com/highlights?id=100756 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Charitable purpose remains intact where livelihood and skill activities generate receipts, supporting approval for the trust. https://www.taxtmi.com/highlights?id=100755 https://www.taxtmi.com/highlights?id=100755 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI GST registration cancellation alone cannot disallow purchases when invoices predate death, sales are accepted, and records match. https://www.taxtmi.com/highlights?id=100754 https://www.taxtmi.com/highlights?id=100754 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Web hosting receipts treated as facility payments, not royalty or technical fees under the India-USA treaty https://www.taxtmi.com/highlights?id=100753 https://www.taxtmi.com/highlights?id=100753 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI Indexation on amalgamated assets follows original holding period where transfer is tax-neutral; related-party capital loss disallowance failed. https://www.taxtmi.com/highlights?id=100752 https://www.taxtmi.com/highlights?id=100752 Tue, 16 Jun 2026 01:21:47 +0530 Income Tax Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: June 16, 2026 https://www.taxtmi.com/newsletter?id=06/16/2026 https://www.taxtmi.com/newsletter?id=06/16/2026 Daily Updates Tax