<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <atom:link href="https://www.taxtmi.com/rss_feed?type=Articles" rel="self" type="text/xml" />
        <title>Tax Updates - Daily Update</title>
        <link>https://www.taxtmi.com</link>
        <description>One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India</description>
        <category>Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services</category>
        <copyright>TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved.</copyright>
        <lastBuildDate>Mon, 26 Oct 2026 04:35:47 +0530</lastBuildDate>
        <language>en-us</language>
        <webMaster>webmaster@taxtmi.com</webMaster>
        <managingEditor>editor@taxtmi.com</managingEditor>
        <ttl>60</ttl>
        <item>
<title>Agricultural Income as per ITA 2025 vis a vis ITA 1961- a discussion of comparative provisions in different style of drafting.</title>
<link>https://www.taxtmi.com/article/detailed?id=17623</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17623</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Income-tax Act, 2025 retains the exhaustive agricultural-income categories of rent or revenue from agricultural land, cultivation income, specified market-preparation processes, qualifying produce sales, connected building income, and nursery saplings or seedlings. It excludes non-agricultural use of qualifying land or buildings and transfers of specified urban agricultural land. The principal interpretive concern is replacing "land" with "a land", which may support parcel-wise assessment, while the singular may also be read as including multiple plots.]]></description>
<category>Income Tax</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17623.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17623.jpg" medium="image" />
        </item>
        <item>
<title>Are the CBIC Circulars not binding on the tax officials. ?.</title>
<link>https://www.taxtmi.com/article/detailed?id=17622</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17622</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[CBIC monetary limits for departmental GST appeals should prevent routine second appeals unless an applicable exception is properly justified. Input tax credit disputes require assessment of invoices, evidence of goods movement and sale, and banking proof of payment; a supplier's temporary registration issue should not justify denial to a genuine purchaser. The commentary criticises Section 74 invocation where suppression, intent to evade, or wilful misstatement is absent.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17622.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17622.jpg" medium="image" />
        </item>
        <item>
<title>Provisional Attachment Under GST Cannot Rest on Suspicion or Extend to Funds Belonging to Third Parties</title>
<link>https://www.taxtmi.com/article/detailed?id=17621</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17621</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Section 83 of the CGST Act permits provisional attachment only where tangible and credible material supports the Commissioner's opinion that attachment is necessary to protect Government revenue. Mere investigation, suspicion, non-cooperation, or convenience is insufficient. A payment aggregator's accounts cannot secure suspected merchant liabilities without establishing the aggregator's statutory connection and its own potential liability. Escrow funds held for merchant settlements may belong to third-party beneficiaries, and operation of the account alone does not make those funds attachable property.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17621.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17621.jpg" medium="image" />
        </item>
        <item>
<title>Closing the Reality Gap: What Satyam, ILFS and Global Accounting Scandals Teach Auditors and Advisers</title>
<link>https://www.taxtmi.com/article/detailed?id=17620</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17620</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[The Reality Gap denotes the distance between reported financial information and economic reality. Corporate collapse risk grows where pressure produces a better picture, weak controls permit adjustment, evidence is controlled by those being tested, and warning signs are deferred rather than resolved. Appropriate responses are direct bank, debtor and creditor confirmations; tracing sales to contracts, delivery, acceptance, credit notes and receipts; related-party registers and independent approval; and least-privilege access with audit-trail review. External audit provides reasonable rather than absolute assurance, while management cannot transfer responsibility for truthful financial reporting to auditors.]]></description>
<category>Auditing</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17620.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17620.jpg" medium="image" />
        </item>
        <item>
<title>Portal Upload Is Not the Final Word on GST Appeal Limitation</title>
<link>https://www.taxtmi.com/article/detailed?id=17619</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17619</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST appellate limitation depends on the date of effective communication or attributable knowledge, not automatically on the order date or portal-upload date. Portal availability is a statutorily recognised method of service, but its use must reasonably secure effective communication in the circumstances. The commencement of limitation must be identified before considering condonation: time before the legally relevant starting point cannot be treated as delay. Records should show how and when the order was communicated, when knowledge arose, and whether subsequent conduct establishes attributable knowledge.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17619.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17619.jpg" medium="image" />
        </item>
        <item>
<title>The Client Who Says 'Later': How Deferred Compliance Multiplies Into Business Failure</title>
<link>https://www.taxtmi.com/article/detailed?id=17618</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17618</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Deferred compliance in accounting, tax, corporate and payroll obligations is treated as a compounding business risk rather than a postponable administrative expense. Missed returns, unresolved reconciliations and overdue approvals can produce late fees and interest while causing books to cease reflecting the actual position. The Compliance Multiplier progresses from lapse to record distortion, inaccurate decisions, operational strain, external review or notice, accumulated exposure, and loss of financing, contracting or investment options. Early correction is materially less costly than allowing arrears and inaccurate records to persist.]]></description>
<category>Auditing</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17618.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17618.jpg" medium="image" />
        </item>
        <item>
<title>Why I Still Mention My Former Designation Adv. G. Jayaprakash (Former Superintendent of Central Excise)</title>
<link>https://www.taxtmi.com/article/detailed?id=17615</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17615</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Inter-Commissionerate transfer may affect an officer's seniority and consequential promotional prospects, without diminishing the value of actual service, acquired expertise, or professional integrity. The designation actually held remains a truthful professional description and should not be treated as the sole measure of professional worth. Central Excise service can provide practical legal training in statutory provisions, procedures, notices, and adjudication, informing subsequent advocacy.]]></description>
<category>TaxLaws</category>
<category>Articles</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17615.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17615.jpg" medium="image" />
        </item>
        <item>
<title>THE GST COMPLIANCE IN SILENCE: INSURANCE FOR SELF-ASSESSMENT(TRUST)</title>
<link>https://www.taxtmi.com/article/detailed?id=17465</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17465</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST return compliance under Chapter IX of the CGST framework operates as the procedural foundation for self-assessment, tax payment, credit integrity and export liquidity. Alignment between GSTR-1 outward invoices and GSTR-3B tax liability is central to the digital compliance system. Section 16(2)(c) makes actual payment of tax to the Government by the supplier a mandatory precondition to input tax credit; input tax credit is a statutory concession rather than an unconditional right.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17465.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17465.jpg" medium="image" />
        </item>
        <item>
<title>Mere availment of ineligible self-assessed ITC or non-reply to audit report is not suppression to invoke Section 74 of the CGST Act</title>
<link>https://www.taxtmi.com/article/detailed?id=17616</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17616</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Section 74 requires evidence that wrongful input tax credit availment resulted from fraud, wilful misstatement, or suppression of facts with intent to evade tax. Mere self-assessed availment of ineligible credit, an audit-related mismatch, or failure to reply to an audit enquiry or final audit report does not alone establish suppression. The Department must identify and prove the deliberate conduct relied upon. A show-cause notice confines the grounds of demand, and appellate or review proceedings cannot sustain a demand on a new ground absent from that notice.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17616.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17616.jpg" medium="image" />
        </item>
        <item>
<title>FILING OF APPEAL BEFORE SUPREME COURT UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016</title>
<link>https://www.taxtmi.com/article/detailed?id=17617</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17617</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Under the Insolvency and Bankruptcy Code, an appeal from the National Company Law Appellate Tribunal to the Supreme Court lies only on a question of law and must be filed within 45 days, with no more than 15 additional days on sufficient cause. The Code's special limitation regime overrides inconsistent mechanisms under the Companies Act and cannot be enlarged by Supreme Court Rules. A party cannot postpone limitation by delaying a certified-copy application; pre-application time counts, while time requisite for the registry to supply the copy is excluded, after which the remaining statutory time resumes.]]></description>
<category>Corporate Laws</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17617.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17617.jpg" medium="image" />
        </item>
        <item>
<title>Understanding the Legal and Practical Distinction Between Disputed Tax and Consequential Demands in GST Appeals</title>
<link>https://www.taxtmi.com/article/detailed?id=17614</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17614</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST appellate pre-deposit under Section 107(6) requires full payment of admitted tax, interest, fine, fee and penalty, while the prescribed percentage applies only to remaining disputed tax. The Karnataka High Court interpretation discussed treats the omission of interest, penalty, fine and fee from clause (b) as deliberate. Appellate authorities therefore cannot calculate the percentage-based deposit on the entire disputed demand or add financial conditions beyond the statutory language.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17614.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17614.jpg" medium="image" />
        </item>
        <item>
<title>The Gaia Idea and Tax Administration Correction requires confidence Adv. G. Jayaprakash (Former Superintendent of Central Excise)</title>
<link>https://www.taxtmi.com/article/detailed?id=17613</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17613</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Judicial discipline requires subordinate tax authorities to apply binding appellate orders in later matters involving materially identical facts, unless there is a relevant distinction, change in law, or operative stay. Repeating a demand already rejected by a higher forum causes avoidable litigation and expense. A reasoned decision dropping an unsustainable demand may properly protect Revenue interests, since demand value alone does not establish correctness. Officers should record the applicable precedent, factual correspondence, and any stay or legal change, while vigilance scrutiny must distinguish dishonest conduct from an honest legal error.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17613.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17613.jpg" medium="image" />
        </item>
        <item>
<title>GST Authorities Cannot Ignore a Filed Reply or Use Negative ITC Blocking as a Recovery Tool</title>
<link>https://www.taxtmi.com/article/detailed?id=17612</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17612</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST adjudication requires actual consideration of an electronically filed reply before tax liability is determined. Treating a DRC-06 response as absent and confirming a demand ex parte denies a meaningful opportunity to be heard. Fresh adjudication must assess the reply, supporting records and material departmental evidence, afford a personal hearing, and give reasons addressing submissions capable of affecting liability. Allegations of inadmissible input tax credit do not displace these safeguards, and a procedural defect does not itself establish credit eligibility or negate alleged contraventions.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17612.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17612.jpg" medium="image" />
        </item>
        <item>
<title>Even today is too late to come out from stupidity.</title>
<link>https://www.taxtmi.com/article/detailed?id=17611</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17611</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Personal hearing safeguards under GST require a meaningful opportunity to be heard where the taxpayer requests a hearing and where an adverse decision is contemplated. Section 75(5) permits adjournment on sufficient cause, requires written reasons, and limits adjournments during proceedings. Generating multiple hearing notices within minutes, with different dates over a short interval, cannot substitute for a genuine hearing. Failure to provide a personal hearing before an adverse GST order is treated as a breach of natural justice and the statutory hearing requirement.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17611.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17611.jpg" medium="image" />
        </item>
        <item>
<title>Blocked ITC Is Not Paid Tax, and a Portal Error Must Not Close the Appeal</title>
<link>https://www.taxtmi.com/article/detailed?id=17610</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17610</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Blocked input tax credit cannot be treated as payment of an appellate pre-deposit merely because the blocked amount exceeds the required deposit. Credit in the Electronic Credit Ledger may be used only if legally available for debit; a restriction prevents use but does not appropriate credit towards the demand. Demand-summary errors that distort tax and penalty classification require rectification because they can impede appeal filing. Proof requires the restriction orders and an actual ledger balance, while continued portal obstruction may require assisted or conditional manual filing.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17610.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17610.jpg" medium="image" />
        </item>
        <item>
<title>Composition option lapses automatically on crossing the threshold but differential tax must be computed on cum-tax basis under Rule 35</title>
<link>https://www.taxtmi.com/article/detailed?id=17609</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17609</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Exceeding the aggregate-turnover ceiling causes composition-scheme eligibility to lapse automatically from the breach date. Regular-rate tax applies only to post-lapse supplies, with adjustment of composition tax already paid. Because composition taxpayers cannot collect tax separately, invoice values are treated as tax-inclusive where no additional tax was recovered. Differential tax must therefore be recomputed using the Rule 35 cum-tax formula, even if the benefit was not claimed earlier. Transitional input tax credit remains conditional, time-bound and dependent on prescribed compliance.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17609.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17609.jpg" medium="image" />
        </item>
        <item>
<title>ELIGIBILITY OF RESOLUTION APPLICANT PENDING PMLA PROCEEDINGS AGAINST HIM</title>
<link>https://www.taxtmi.com/article/detailed?id=17608</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17608</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Pending proceedings under the Prevention of Money Laundering Act, an FIR, investigation, inquiry, or property attachment do not by themselves establish resolution applicant ineligibility under Section 29A. Conviction-based disqualification requires fulfilment of the applicable statutory condition. Attachment may nevertheless affect assessment of the applicant's credibility, financial capacity, and ability to implement the resolution plan. The Committee of Creditors must consider these risks while exercising commercial wisdom, subject to statutory requirements governing plan approval and limited judicial review.]]></description>
<category>Corporate Laws</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17608.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17608.jpg" medium="image" />
        </item>
        <item>
<title>Penalty Pre-Deposit Relief Does Not Remove the GST Appeal Deadline</title>
<link>https://www.taxtmi.com/article/detailed?id=17607</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17607</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST appellate pre-deposit for a penalty-only demand depends on the regime applicable when adjudicatory proceedings commenced. Where the show-cause notice predates an amendment introducing a percentage-based deposit, that condition does not govern the covered appeal; this is inapplicability rather than discretionary waiver. The position does not remove payment of admitted liability or determine other appellate pre-deposit provisions. Service, limitation, officer competence and merits remain separate questions requiring examination under the applicable statutory framework and records.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17607.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17607.jpg" medium="image" />
        </item>
        <item>
<title>A case study on demand of GST @ 18% on trade payables closing balance.</title>
<link>https://www.taxtmi.com/article/detailed?id=17606</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17606</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Input tax credit compliance requires verification of actual invoice dates, payment records and supporting evidence rather than use of a year-end aggregate trade-payables balance as a proxy for delayed payment. A closing trade-payables balance, without matching it to invoice-level payment chronology, does not establish non-payment beyond the prescribed period. Assessments must address taxpayer replies and relevant documents and state reasons where explanations are not accepted.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17606.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17606.jpg" medium="image" />
        </item>
        <item>
<title>Seven Days to Reply Cannot Amount to Same-Day Confiscation</title>
<link>https://www.taxtmi.com/article/detailed?id=17605</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17605</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST confiscation procedure requires a real and reasonable hearing. Where Form GST MOV-10 allows seven days to reply, an authority cannot issue Form GST MOV-11 on the service date and rely on the absence of an immediate objection. Missing invoice or e-way bill for onward supply may warrant inquiry but does not remove statutory hearing protections. Later issuance of Form GST DRC-07 does not cure a prematurely made confiscation decision. Payment through Form GST DRC-03 to release detained goods and vehicle does not itself constitute admission, acquiescence, or waiver of the right to contest.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17605.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17605.jpg" medium="image" />
        </item>
        <item>
<title>There is no more separate set of GST Law exclusively for GST officials.</title>
<link>https://www.taxtmi.com/article/detailed?id=17604</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17604</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST adjudication must apply the same statutory framework to officials and taxpayers, with lawful and reasoned orders. Sale of land is treated under Schedule III, subject to the stated building-sale qualification, as neither a supply of goods nor services; GST deduction from land-acquisition compensation by characterising it as a works contract service is criticised as contrary to that scheme. Proposed safeguards include personal hearings, reasonable adjournments, demand limits tied to the SCN, and effective notice where no portal response is filed.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17604.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17604.jpg" medium="image" />
        </item>
        <item>
<title>Limitation for IBC Appeals Begins with Pronouncement and Not with Receipt of the Certified Copy</title>
<link>https://www.taxtmi.com/article/detailed?id=17603</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17603</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Limitation for an appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016, commences upon pronouncement of the appellate order, not upon actual receipt of its certified copy. Section 12(2) permits exclusion of the day of pronouncement and the time genuinely required to obtain the copy, but not delay before applying for it or after receipt. The normal period is 45 days, with a further 15 days condonable only on sufficient cause; the maximum period cannot be enlarged.]]></description>
<category>TaxLaws</category>
<category>Articles</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17603.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17603.jpg" medium="image" />
        </item>
        <item>
<title>Should the jurisdictional High Courts continue to accept as well as entertain the writs under GST against OIO and OIA when GSTAT is in place.</title>
<link>https://www.taxtmi.com/article/detailed?id=17602</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17602</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[GST challenges should, on the approach advanced, follow the statutory appellate hierarchy. An Order-in-Original should be challenged before the first appellate authority, and an Order-in-Appeal should be challenged through a second appeal before the Goods and Services Tax Appellate Tribunal. Writ recourse before the jurisdictional High Court is proposed only after Tribunal adjudication where strong legal grounds remain. Pending GST writ petitions are proposed for transfer to the jurisdictional Tribunal, reflecting its specialised GST jurisdiction and capacity for reasoned appellate review.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17602.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17602.jpg" medium="image" />
        </item>
        <item>
<title>Landmark judgment on Section 16(2)(c) of the CGST Act holds the provision valid but ITC of a genuine buyer cannot be reversed mechanically for default of the supplier</title>
<link>https://www.taxtmi.com/article/detailed?id=17601</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17601</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Section 16(2)(c) of the CGST Act makes input tax credit conditional on actual payment of tax to the Government, but cannot be applied mechanically against a genuine purchasing dealer solely because a supplier defaults or faces retrospective registration cancellation. Before ITC reversal, the proper officer must examine the transaction's genuineness, the recipient's evidence, the supplier's default, available recovery action against the supplier, and any direct link between the recipient and fraud. Supplier cancellation, return discrepancies, or alerts may trigger inquiry but cannot independently justify denial.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17601.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17601.jpg" medium="image" />
        </item>
        <item>
<title>The score is steadily improving day by day in passing final orders by GSTAT.</title>
<link>https://www.taxtmi.com/article/detailed?id=17600</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17600</guid>
<pubDate>Mon, 26 Oct 2026 04:35:47 +0530</pubDate>
<description><![CDATA[Where tax is short-paid and later paid, but tax and interest are not paid within 30 days after issue of a show-cause notice, interest remains payable from the statutory due date until actual payment and penalty under section 73(9) is treated as applicable. The compliance guidance is prompt review of portal notices, segregation of disputed and undisputed demand, and early payment of undisputed tax with applicable interest. Minor procedural violations should not deprive a taxpayer of substantial benefits.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
<enclosure url="https://www.taxtmi.com/file_folder/infographics/article_17600.jpg" type="image" />
<media:content url="https://www.taxtmi.com/file_folder/infographics/article_17600.jpg" medium="image" />
        </item>
<item>
<title>TMI Updates - Newsletter dated: October 26, 2026</title>
<link>https://www.taxtmi.com/newsletter?id=10/26/2026</link>
<guid isPermaLink="true">https://www.taxtmi.com/newsletter?id=10/26/2026</guid>
<description><![CDATA[Newsletter for tax updates and legal information]]></description>
<category>Daily Updates</category>
<category>Tax</category>
        </item>
    </channel>
</rss>