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        <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>
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        <ttl>60</ttl>
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<title>ANALYSIS OF SECTION 141 OF THE NEGOTIABLE INSTRUMENTS ACT, 1881</title>
<link>https://www.taxtmi.com/article/detailed?id=17181</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Vicarious criminal liability for cheque dishonour requires clear factual averments that each accused was, at the relevant time, in charge of and responsible for the entity's business conduct. Mere status as a director, executive member, committee member or other office-holder does not create presumed liability. A complaint need not repeat statutory language verbatim if, read as a whole, it discloses the factual basis for liability. A cheque signatory is ordinarily connected with the incriminating act, whereas liability of other officers requires material linking them to the transaction and business affairs.]]></description>
<category>TaxLaws</category>
<category>Articles</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Sales Tax Bar Association Represents for Early Enablement of GSTR-9  GSTR-9C for FY 2025-26</title>
<link>https://www.taxtmi.com/article/detailed?id=17180</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Early enablement of GSTR-9 and GSTR-9C filing utilities for FY 2025-26 is sought to facilitate reconciliation of GSTR-1, GSTR-3B, books of account and income-tax data before income-tax returns are finalised. Delayed availability may increase inconsistencies between GST and income-tax reporting, with consequential notices and litigation. A predictable annual release schedule before income-tax return due dates would support meaningful reconciliation, accurate statutory disclosures and compliance planning.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>GST  Mining: Crackdown and Taxability</title>
<link>https://www.taxtmi.com/article/detailed?id=17179</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[GST enforcement in mining is strengthened through coordination between State Mining Departments and CGST field formations, including nodal officers, information sharing, joint reviews, and action where evasion is indicated. Illegal mining, suppressed supplies, non-registration, undervaluation, and short payment may invite GST scrutiny and related Income Tax proceedings. Royalty is contractual consideration under mining leases, and mine leasing with royalty is treated as licensing of rights to use minerals, taxable under the Reverse Charge Mechanism with liability on the mining lessee.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Interest Under GST - When Does The Clock Start, When Does It Stop, And On What Amount? Part III (Concluding Part) - From Liability to Recovery: When Can GST Interest Be Enforced?</title>
<link>https://www.taxtmi.com/article/detailed?id=17178</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[GST interest may arise automatically under section 50, but a disputed interest base, period or quantum must be determined before coercive recovery. Recovery under section 79, including garnishee notices through Form GST DRC-13, can enforce only an amount that has become payable and cannot adjudicate an unresolved dispute. Admitted interest may be recovered without unnecessary proceedings. Payments during investigation require assessment of genuine voluntariness. Conversely, delayed refunds attract statutory interest under section 56 after the prescribed period, without requiring a separate claim.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Interest Under GST - When Does The Clock Start, When Does It Stop, And On What Amount? Part II - Wrongly Availed ITC and Interest: Why Availment Alone Is Not Enough</title>
<link>https://www.taxtmi.com/article/detailed?id=17177</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17177</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Interest on wrongly availed input tax credit under Section 50(3) arises only when the credit is both wrongly availed and utilised. Under Rule 88B(3), utilisation is determined by the extent to which the Electronic Credit Ledger balance falls below the wrongly availed amount before reversal or payment. For IGST credit, IGST, CGST and SGST balances are considered together, while Compensation Cess credit is excluded where it was not legally usable for the relevant liability. Reversal before utilisation may prevent interest; ledger records must establish the usable balance throughout the relevant period.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>IInterest Under GST - When Does The Clock Start, When Does It Stop, And On What Amount? Part I - Delayed Tax Payment and the Electronic Cash Ledger: When Does Interest Really Begin and End?</title>
<link>https://www.taxtmi.com/article/detailed?id=17176</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Delayed-payment interest under Section 50 of the CGST Act is computed on the net cash component of tax liability, subject to the statutory exception for returns furnished after commencement of specified proceedings. Deposit into the Electronic Cash Ledger is distinct from formal discharge of tax through ledger debit, but Rule 88B recognises that eligible cash credited by the return due date may be excluded from interest computation. Determination requires review of the cash liability, ledger deposits, available balance, balance movements and final appropriation date.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Building a Surprise-Proof Corporation: A 360 Framework to Prevent Accounting Fraud, Tax Shocks, Circular Trades and Unethical Business Practices.</title>
<link>https://www.taxtmi.com/article/detailed?id=17175</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17175</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Corporate resilience requires governance that tests the legality, accounting and tax treatment, economic substance, and ethical defensibility of significant transactions. Controls should identify fraud indicators through data analytics and timely scrutiny of unexplained anomalies. Tax risk registers, documented reasoning, exposure assessment, and independent review should support material transactions. Circular trades and third-party dealings require beneficial-ownership mapping, commercial-purpose assessment, verification of actual performance and funding, and counterparty due diligence. Management override requires independent review, while effective speak-up mechanisms and Board oversight support early risk identification and remediation.]]></description>
<category>Auditing</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Export of Deep Fried Onions from India to the Rest of the World.</title>
<link>https://www.taxtmi.com/article/detailed?id=17174</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Deep-fried onion exports require verification of the applicable HSN classification based on product composition and processing, compliance with food-safety and buyer specifications, and completion of registration, Customs and documentation requirements. Exporters generally need PAN and GST registration, an Import Export Code and APEDA registration where applicable, followed by Shipping Bill filing, Customs clearance and receipt of export proceeds through authorised banks. Documentation may include commercial and GST invoices, packing list, transport document, certificate of origin, inspection certificate and transaction-specific phytosanitary or fumigation certificates. Incentive, refund, insurance and export-finance facilities may apply subject to conditions.]]></description>
<category>Customs</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Layers of Customs Valuation: A Comprehensive Guide to the Sequential Methodology under Customs Law.</title>
<link>https://www.taxtmi.com/article/detailed?id=17173</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Transaction value is the primary basis for customs valuation, subject to a genuine export sale, sole consideration, absence of prohibited restrictions, unaffected related-party pricing, and reliable documentary support. Prescribed additions include relevant commissions, packing, containers, royalties, buyer-supplied assists, resale proceeds, freight, handling, and insurance. Declared value may be rejected only on legally sustainable grounds supported by procedure, evidence, reasoned findings, and an opportunity for the importer. If unavailable, valuation must proceed sequentially through identical goods, similar goods, deductive value, computed value, and finally residual valuation without arbitrary or fictitious values.]]></description>
<category>Customs</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>RETROSPECTIVE AMENDMENT: THE CONSTITUTIONAL AND ECONOMIC HAZARD</title>
<link>https://www.taxtmi.com/article/detailed?id=17172</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Retrospective restriction of input tax credit under section 17(5)(d) is characterised as a substantive narrowing of the exception for plant or machinery, rather than a clarificatory drafting correction. The analysis contends that retrospectively removing credit eligibility for commercial properties used to generate taxable rental income divests taxpayers of accrued statutory benefits and disrupts completed investment, leasing and cash-flow arrangements. It urges prospective operation of any tightened credit restriction and recommends that coercive recovery and final adjudication of related show-cause notices remain in abeyance pending factual consideration of the functionality test.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>THE MAJESTY OF TAX AMNESTY FINALITY</title>
<link>https://www.taxtmi.com/article/detailed?id=17041</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17041</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Statutory tax-amnesty schemes are presented as finally settling specified tax arrears when the taxpayer pays the prescribed principal liability and fulfils the scheme conditions. The original assessment or reassessment is treated as merged into the settlement or waiver certificate, preventing rectification, reassessment or suo motu revision from reopening the settled dispute. Procedural defects, including an incorrect payment head caused by clerical error, may not defeat waiver where full payment and substantial compliance exist. Promissory estoppel and statutory finality are advanced as restraints on administrative attempts to disturb completed settlements.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Subsequent Pre-Deposit Cures the Defect: Can a Service Tax Appeal Be Dismissed Without Considering Subsequent Compliance?</title>
<link>https://www.taxtmi.com/article/detailed?id=17171</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Mandatory pre-deposit is a condition for entertaining a Service Tax appeal, but filing an appeal within limitation is distinct from entertaining it for adjudication. Where the prescribed deposit is subsequently made before final disposal and the appeal has not been decided on merits, the later compliance is a material circumstance requiring consideration. This is not a request for waiver of pre-deposit. A dismissal based solely on absence of deposit at filing, without considering subsequent payment and satisfaction of the statutory condition, may amount to non-application of mind.]]></description>
<category>Service Tax</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>CLUBBING OF FIRST INFORMATION REPORTS</title>
<link>https://www.taxtmi.com/article/detailed?id=17170</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17170</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Clubbing of FIRs is ordinarily unavailable where separate complaints disclose distinct occurrences rather than one transaction. The same-transaction inquiry turns on unity of purpose, proximity of time and place, and continuity of action, without requiring all factors cumulatively. In cyber fraud matters, different complainants, separate inducements and occasions, and no live transactional link may support separate investigations. Transfer of alleged proceeds into a common bank account alone does not establish a single transaction. Separate inquiries may be needed to examine electronic evidence, banking records, money trails, and the persons involved.]]></description>
<category>TaxLaws</category>
<category>Articles</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>All orders passed by the first appellate authority in GST appeal to be revisited during August 2026.</title>
<link>https://www.taxtmi.com/article/detailed?id=17169</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[GST appellate limitation must be computed in calendar months where the prescribed periods are expressed as "three months" and "one month"; the order date is excluded under the General Clauses Act. A first appeal should not be rejected by converting those periods into fixed days. Prompt GSTAT appeals are emphasised where first appeals were dismissed on limitation or where fraud-based recovery was invoked without material evidence of fraud, wilful misstatement, or suppression with intent to evade tax. Other identified grounds include denial of hearing and demands exceeding the show-cause notice.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>ITC on Telecommunication Towers Under GST - Excluded From "Plant And Machinery", But Are They Immovable? Part II (Concluding Part) - From Bharti Airtel to GST: When Does the ITC Restriction Apply?</title>
<link>https://www.taxtmi.com/article/detailed?id=17168</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Input tax credit on telecommunication towers requires a two-stage enquiry. First, the asset must be classified as movable or immovable by examining its attachment, intended permanence, functionality, and capacity for dismantling and relocation. Exclusion of towers from "plant and machinery" does not itself make them immovable. Only if a tower is immovable do the blocked-credit restrictions for construction under Section 17(5)(c) or Section 17(5)(d) arise, where the exclusion becomes material. The retrospective alignment of "plant or machinery" with "plant and machinery" resolves terminology but does not deem towers immovable.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Learning for Assessee and authorities from recent judgment. Wrongly quotedg PAN of HUF in purchase documents, lead to addition in hands of HUF there can be further litigation also.</title>
<link>https://www.taxtmi.com/article/detailed?id=17167</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Misquotation of an HUF PAN in property-purchase records may initiate reassessment, but PAN reference alone does not establish that the property or investment belongs to the HUF. Determination of ownership requires examination of the purchaser's capacity, purchase documentation, patta, encumbrance records, and the accounts of both the HUF and its Karta. The article also raises concerns over additional evidence at the appellate stage, the need for opportunity to the Assessing Officer, and correct identification of the assessee where an HUF assessment is pursued but an individual legal heir is named in appeal proceedings.]]></description>
<category>Income Tax</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>ITC on Telecommunication Towers Under GST - Excluded From "Plant And Machinery", But Are They Immovable? Part I - From Statutory Exclusion to the Test of Immovability</title>
<link>https://www.taxtmi.com/article/detailed?id=17166</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Input tax credit for telecommunication towers requires a prior determination of whether the tower is immovable property. Exclusion of telecom towers from the statutory definition of plant and machinery does not itself establish immovability. Construction-related blocked-credit provisions apply only where goods, services or works contract services relate to construction of immovable property. Immutability depends on annexation, purpose, intention, functionality, permanence, dismantling capability and marketability. Towers fixed for operational stability may retain their movable character if they can be dismantled, relocated, reassembled and sold without losing their essential identity.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Interest Disputed, Recovery Rushed: GST Garnishee Action Must Wait for a Reasoned Decision</title>
<link>https://www.taxtmi.com/article/detailed?id=17165</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17165</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Disputed GST interest must be determined before garnishee recovery is initiated. Section 79 recovery presupposes an amount payable and cannot be used to determine a contested liability. Where a taxpayer raises reasoned objections to interest computation, including the effect of deposits in the Electronic Cash Ledger, the authority must examine competing legal positions and issue a reasoned determination. Rule 145 and Form GST DRC-13 cannot convert an undecided interest dispute into a crystallised recoverable amount.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Business Responsibility and Sustainability Report (BRSR): A Comprehensive Guide.</title>
<link>https://www.taxtmi.com/article/detailed?id=17164</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17164</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[BRSR is a standardised ESG reporting framework for eligible listed companies, structured around nine responsible business conduct principles and designed to move reporting from policy commitments towards measurable performance. It includes general, management-process and principle-wise performance disclosures covering environmental, social, governance and stakeholder matters. BRSR Core emphasises key measurable ESG indicators and, where applicable, assurance or independent assessment. Effective compliance requires clear data ownership, standardised collection, validation, supporting evidence, value-chain consideration, management review and continuous improvement.]]></description>
<category>Corporate Laws</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Layers of Customs Classification within the WCO Legal Framework.</title>
<link>https://www.taxtmi.com/article/detailed?id=17163</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17163</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Customs classification is governed by the HS Convention and the legally operative HS text comprising headings, subheadings, Notes and the GIRs. Classification begins with heading terms and applicable Section or Chapter Notes; titles are only reference tools. The GIRs provide a sequential method for incomplete goods, mixtures, competing headings, composite goods, containers and subheading classification. Explanatory Notes and Classification Opinions provide authoritative international interpretative assistance but cannot override the Convention, headings, Notes or GIRs. National tariff subdivisions, advance rulings and judicial interpretation operate domestically while remaining consistent with the internationally harmonised six-digit HS structure.]]></description>
<category>Customs</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>National Traders' Welfare Board (NTWB): A Comprehensive Guide.</title>
<link>https://www.taxtmi.com/article/detailed?id=17162</link>
<guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=17162</guid>
<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[National Traders' Welfare Board operates as an advisory and consultative mechanism to address traders' concerns and recommend reforms concerning taxation, licensing, compliance, infrastructure and business regulation. It promotes trader welfare through social security, formalisation, digital compliance, skill development, financial inclusion and credit access. Stakeholder consultation, awareness of pension, insurance, loan and digital-payment schemes, and adoption of e-commerce, electronic billing and inventory-management practices are central functions. Its effectiveness depends on policy adoption, stakeholder participation and awareness among small traders.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>ISO 14001:2015 Environmental Management System (EMS): A Comprehensive Guide to Environmental Compliance, Sustainability, and Pollution Prevention.</title>
<link>https://www.taxtmi.com/article/detailed?id=17161</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[ISO 14001:2015 provides a framework for establishing and continually improving an Environmental Management System. Organisations identify environmental aspects and significant impacts, determine compliance obligations, set measurable objectives, and implement operational controls, training, documented processes and emergency preparedness. The Plan-Do-Check-Act cycle requires performance monitoring, compliance evaluations, internal audits, management review and corrective action for nonconformities. The framework supports pollution prevention, resource efficiency, waste and emissions reduction, environmental risk management and integration with other ISO management systems.]]></description>
<category>TaxLaws</category>
<category>Articles</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Lighting Beyond Shop Limits: Electricity Misuse and Municipal Violations.</title>
<link>https://www.taxtmi.com/article/detailed?id=17160</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[Extension of wine-shop lighting into roads, pavements or other public areas may constitute unauthorised use of electricity, encroachment and a public-safety violation. Commercial electricity connections are ordinarily limited to approved premises and sanctioned load; exterior use beyond those limits may result in penalties, disconnection or legal action. Lighting crossing shop boundaries may obstruct public access, affect traffic and create safety hazards. Where exterior illumination increases visibility and customer footfall beyond normal shop lighting, it may also support an inference of indirect advertising.]]></description>
<category>TaxLaws</category>
<category>Articles</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>GST Communication Must Be Effective Before Remedies Are Lost</title>
<link>https://www.taxtmi.com/article/detailed?id=17156</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[GST portal upload is a recognised mode of service, but it must provide a genuine opportunity to respond, participate in adjudication, and appeal. Where a show cause notice was not effectively noticed and an ex parte order followed, procedural fairness may require restoration to the notice stage. Similarly, appellate limitation may not commence merely from portal upload where an order was not effectively communicated. Actual knowledge, acknowledgement, or participation alters the position; the relevant inquiry is real prejudice rather than a technical objection to electronic service.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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<title>Confirmation of demand of GST on a deceased person after five years.</title>
<link>https://www.taxtmi.com/article/detailed?id=17159</link>
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<pubDate>Thu, 13 Aug 2026 20:01:06 +0530</pubDate>
<description><![CDATA[GST demand proceedings against a deceased registered person raise questions of limitation, use of the extended-demand provision, service of notice, and procedural fairness to legal heirs. Portal-based notices after cancellation of registration may not provide a meaningful opportunity to respond where the taxpayer has died and the legal heir lacks access or knowledge of the GST account. The commentary stresses that delayed action cannot justify use of a more stringent demand mechanism without the required basis, and that communication through available contact details, email, or post is necessary before adjudication.]]></description>
<category>GST</category>
<category>Articles</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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<title>TMI Updates - Newsletter dated: August 13, 2026</title>
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<description><![CDATA[Newsletter for tax updates and legal information]]></description>
<category>Daily Updates</category>
<category>Tax</category>
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