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Sun, 19 Jul 2026 21:36:40 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Unexplained CESS in GSTR1 Equal to Invoice Amount /forum/issue?id=121028 /forum/issue?id=121028 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Whether commission retained by an overseas freelance marketplace is consideration for OIDAR service or intermediary service under the IGST Act? /forum/issue?id=121031 /forum/issue?id=121031 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI GSTR 3B not filled by Supplier /forum/issue?id=121032 /forum/issue?id=121032 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI GST obligation on reward points received. /forum/issue?id=121009 /forum/issue?id=121009 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Invoice correction in GSTR - 1 /forum/issue?id=121021 /forum/issue?id=121021 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Invoice issued at wrong GSTIN which is now cancelled /forum/issue?id=121022 /forum/issue?id=121022 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI E way bill requirement for movement of goods from Old premises to New Premises /forum/issue?id=121019 /forum/issue?id=121019 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI GST in case of Affordable Residential Apartments /forum/issue?id=121017 /forum/issue?id=121017 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Request clarification on export. /forum/issue?id=121020 /forum/issue?id=121020 Sun, 19 Jul 2026 21:36:40 +0530 FEMA Discussion-Forum TaxLaws TaxTMI Eligibility of Input Tax Credit (ITC) on Lease of a Sugar Factory under a Rehabilitate-Operate-Transfer (ROT) Agreement Covering Land, Building, Plant Machinery, and Corporeal Rights /forum/issue?id=121024 /forum/issue?id=121024 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Query Regarding GST, ITR Reporting, and Books of Account for Export of Services /forum/issue?id=121025 /forum/issue?id=121025 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Applicability of Rule 86b i.e, 1% payment of tax in cash applicable to cess also? /forum/issue?id=121026 /forum/issue?id=121026 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI GST rate for land owner after completion of residential apartments /forum/issue?id=121027 /forum/issue?id=121027 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Whether GST Registration is Mandatory for a Person Exclusively Engaged in Export of Services Exceeding the Threshold Limit – Applicability of Section 23 of the CGST Act /forum/issue?id=121033 /forum/issue?id=121033 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Whether GST Cross-Charge is Required on Recovery of Common Development Cost from Group Entities? /forum/issue?id=121008 /forum/issue?id=121008 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Interest on ITC correctly availed but reversed as supplier failed to remit tax to the Govt. /forum/issue?id=121007 /forum/issue?id=121007 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1 https://www.taxtmi.com/news?id=73895 https://www.taxtmi.com/news?id=73895 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI PMLA twin bail conditions remained unsatisfied as alleged fund diversion, flight risk, and imminent trial defeated regular bail. https://www.taxtmi.com/highlights?id=101862 https://www.taxtmi.com/highlights?id=101862 Sun, 19 Jul 2026 21:36:40 +0530 PMLA Highlights TaxLaws TaxTMI Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK https://www.taxtmi.com/news?id=73894 https://www.taxtmi.com/news?id=73894 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Granting Tax Exemption to Delhi Pollution Control Committee in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146329 https://www.taxtmi.com/notifications?id=146329 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI Approval under Section 45(4)(b) of the Income Tax Act, 2025 for " Indian Institute of Information Technology Dharwad ". https://www.taxtmi.com/notifications?id=146334 https://www.taxtmi.com/notifications?id=146334 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI Transactions not regarded as transfer. - Central Government notifies transfer of capital asset from Nuclear Power Corporation of India Limited u/s 47(viiaf) of IT Act 1961 and U/s 536(2) of Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146332 https://www.taxtmi.com/notifications?id=146332 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filing. https://www.taxtmi.com/highlights?id=101858 https://www.taxtmi.com/highlights?id=101858 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Principal purpose test curbs treaty shopping under the amended India-Sri Lanka income tax treaty from fiscal year 2027-28. https://www.taxtmi.com/highlights?id=101857 https://www.taxtmi.com/highlights?id=101857 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Tax exemption for statutory pollution-control income applies subject to non-commercial operations, filing, continuity, and compliance. https://www.taxtmi.com/highlights?id=101856 https://www.taxtmi.com/highlights?id=101856 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Standing instructions for demat mutual fund SWP and STP will enable phased unit-based and amount-based automated transactions. https://www.taxtmi.com/highlights?id=101855 https://www.taxtmi.com/highlights?id=101855 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Highlights TaxTMI Onion growers welcome agri market near Vadhvan port, urge govt to develop Nashik as export hub https://www.taxtmi.com/news?id=73893 https://www.taxtmi.com/news?id=73893 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Vizhinjam port to begin full EXIM operations from Aug 18 https://www.taxtmi.com/news?id=73892 https://www.taxtmi.com/news?id=73892 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI All about pre deposit in GST law- take away from GSTAT Cuttack Bench order. https://www.taxtmi.com/article/detailed?id=16964 https://www.taxtmi.com/article/detailed?id=16964 Sun, 19 Jul 2026 21:36:40 +0530 GST Articles TaxLaws TaxTMI Quality control order Process-reg /forum/issue?id=120990 /forum/issue?id=120990 Sun, 19 Jul 2026 21:36:40 +0530 Customs Discussion-Forum TaxLaws TaxTMI Extending facility of creating standing instructions for Systematic Withdrawal Plan (SWP)/ Systematic Transfer Plan (STP) for Mutual Fund units held in demat form https://www.taxtmi.com/circulars?id=70471 https://www.taxtmi.com/circulars?id=70471 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Circulars TaxTMI Central Government specifies the bond as zero coupon bond https://www.taxtmi.com/notifications?id=146333 https://www.taxtmi.com/notifications?id=146333 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI Special Rupee Vostro Accounts (SRVAs) https://www.taxtmi.com/circulars?id=70472 https://www.taxtmi.com/circulars?id=70472 Sun, 19 Jul 2026 21:36:40 +0530 FEMA Circulars TaxLaws TaxTMI Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland Partnership https://www.taxtmi.com/news?id=73891 https://www.taxtmi.com/news?id=73891 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Retracted Confessional Statement and Uncorroborated Co-Accused Statements Lack Evidentiary Value under Section 108 https://www.taxtmi.com/article/detailed?id=16974 https://www.taxtmi.com/article/detailed?id=16974 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI How Indian Investors Can Build a Repeatable Stock Picking Framework https://www.taxtmi.com/article/detailed?id=16973 https://www.taxtmi.com/article/detailed?id=16973 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Articles TaxTMI The Complete Guide to Fire Compliance and Fire NOC Across Commercial Establishments [Part 1 of 2] https://www.taxtmi.com/article/detailed?id=16972 https://www.taxtmi.com/article/detailed?id=16972 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Articles TaxTMI India-UK Comprehensive Economic and Trade Agreement (CETA): A Detailed Analysis https://www.taxtmi.com/article/detailed?id=16971 https://www.taxtmi.com/article/detailed?id=16971 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI Settlement of Arbitral Award and Withdrawal of Enforcement Proceedings Do Not Constitute ‘Supply’ Under GST https://www.taxtmi.com/article/detailed?id=16970 https://www.taxtmi.com/article/detailed?id=16970 Sun, 19 Jul 2026 21:36:40 +0530 GST Articles TaxLaws TaxTMI CANCELLATION OF REGISTRATION ON THE GROUNDS OTHER THAN SHOWN IN THE SHOW CAUSE NOTICE https://www.taxtmi.com/article/detailed?id=16969 https://www.taxtmi.com/article/detailed?id=16969 Sun, 19 Jul 2026 21:36:40 +0530 GST Articles TaxLaws TaxTMI Outbound Tour Services to Indian Tourists Taxable Prior to Negative List Regime https://www.taxtmi.com/article/detailed?id=16968 https://www.taxtmi.com/article/detailed?id=16968 Sun, 19 Jul 2026 21:36:40 +0530 Service Tax Articles TaxLaws TaxTMI DEEMED WITHDRAWAL OF BEST JUDGMENT ASSESSMENT https://www.taxtmi.com/article/detailed?id=16967 https://www.taxtmi.com/article/detailed?id=16967 Sun, 19 Jul 2026 21:36:40 +0530 GST Articles TaxLaws TaxTMI Why There Is No Uniform Maximum Retail Price (MRP) on Alcoholic Beverages in India: A Constitutional, Legal and Regulatory Analysis? https://www.taxtmi.com/article/detailed?id=16966 https://www.taxtmi.com/article/detailed?id=16966 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Articles TaxTMI Mandatory Display of Alcohol Prices at Wine Shops: Transparency Without a Uniform National MRP https://www.taxtmi.com/article/detailed?id=16965 https://www.taxtmi.com/article/detailed?id=16965 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI Typographical e-way bill discrepancies without tax evasion warrant only minor penalty, not detention proceedings under Section 129. https://www.taxtmi.com/highlights?id=101854 https://www.taxtmi.com/highlights?id=101854 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Show cause notice and hearing are mandatory before penalty, making an unnotified penalty unsustainable for natural justice breach. https://www.taxtmi.com/highlights?id=101853 https://www.taxtmi.com/highlights?id=101853 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Duplicate input tax credit demands cannot target identical supplier transactions, while proceedings concerning distinct suppliers remain available. https://www.taxtmi.com/highlights?id=101852 https://www.taxtmi.com/highlights?id=101852 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental adjudication. https://www.taxtmi.com/highlights?id=101851 https://www.taxtmi.com/highlights?id=101851 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Specific grounds in GST cancellation notices are essential; cancellation based on an unnotified ground was quashed and registration restored. https://www.taxtmi.com/highlights?id=101850 https://www.taxtmi.com/highlights?id=101850 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Statutory appellate remedy for GST registration cancellation limits writ jurisdiction despite an unconsidered revocation representation. https://www.taxtmi.com/highlights?id=101849 https://www.taxtmi.com/highlights?id=101849 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Extended input tax credit timelines protect delayed returns filed before the statutory cut-off, subject to documentary eligibility. https://www.taxtmi.com/highlights?id=101848 https://www.taxtmi.com/highlights?id=101848 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Occupancy Certificate determines project completion, preserving GST credit benefit restitution for identifiable homebuyers while barring retrospective penalties. https://www.taxtmi.com/highlights?id=101847 https://www.taxtmi.com/highlights?id=101847 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Genuine hardship in revised-return delays requires pragmatic consideration where consistent relief exists for similarly placed voluntary retirement retirees. https://www.taxtmi.com/highlights?id=101846 https://www.taxtmi.com/highlights?id=101846 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Unexplained investment requires reliable evidence; telescoping fails without timing linkage, while fixed-deposit additions exclude maturity accretions. https://www.taxtmi.com/highlights?id=101845 https://www.taxtmi.com/highlights?id=101845 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Minimum alternate tax does not apply to statutory bodies outside the Companies Act, leaving book-profit disallowance challenge unsustainable. https://www.taxtmi.com/highlights?id=101844 https://www.taxtmi.com/highlights?id=101844 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment based on inapplicable share-transaction information fails when disclosed intraday profit does not match the recorded reopening reasons. https://www.taxtmi.com/highlights?id=101843 https://www.taxtmi.com/highlights?id=101843 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Surplus interest-free funds rebut interest disallowance, while section 14A computations cannot alone increase minimum alternate tax book profit. https://www.taxtmi.com/highlights?id=101842 https://www.taxtmi.com/highlights?id=101842 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Electronic filing delay in charitable trust audit reporting warranted condonation where genuine hardship arose from clerical omission. https://www.taxtmi.com/highlights?id=101841 https://www.taxtmi.com/highlights?id=101841 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction. https://www.taxtmi.com/highlights?id=101840 https://www.taxtmi.com/highlights?id=101840 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Unverifiable purchases warrant only embedded-profit estimation when accepted sales and records show actual goods were procured. https://www.taxtmi.com/highlights?id=101839 https://www.taxtmi.com/highlights?id=101839 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Reasonable cause for journal-entry loan transfers can protect genuine restructuring transactions from penalties for prescribed loan acceptance modes. https://www.taxtmi.com/highlights?id=101838 https://www.taxtmi.com/highlights?id=101838 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Commercial nexus of facilitation services supports deduction of commission expenditure against income from other sources. https://www.taxtmi.com/highlights?id=101837 https://www.taxtmi.com/highlights?id=101837 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment limitation for pre-2021 assessment years invalidated a belated notice, while unsupported share-sale cash-credit additions were deleted. https://www.taxtmi.com/highlights?id=101836 https://www.taxtmi.com/highlights?id=101836 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Cash repayment of explained family loans between spouses warranted reasonable cause, requiring deletion of the repayment penalty. https://www.taxtmi.com/highlights?id=101835 https://www.taxtmi.com/highlights?id=101835 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Business expenditure deductibility covers independent brand promotion and unreimbursed inventory price-drop margin losses where commercially genuine and verifiable. https://www.taxtmi.com/highlights?id=101834 https://www.taxtmi.com/highlights?id=101834 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Pre-2021 reassessment limitation survives amended regime, invalidating notices issued after the former statutory time limit expires. https://www.taxtmi.com/highlights?id=101833 https://www.taxtmi.com/highlights?id=101833 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Third-party loose sheets require independent corroboration before supporting unexplained investment additions for alleged on-money property purchases. https://www.taxtmi.com/highlights?id=101832 https://www.taxtmi.com/highlights?id=101832 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI BOT annuity rights are not depreciable intangible assets, while project-cost amortisation may follow provisional completion certification. https://www.taxtmi.com/highlights?id=101831 https://www.taxtmi.com/highlights?id=101831 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently. https://www.taxtmi.com/highlights?id=101830 https://www.taxtmi.com/highlights?id=101830 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Strict construction of textile duty exemptions excludes omitted schedule entries, while disclosed import claims cannot trigger extended limitation. https://www.taxtmi.com/highlights?id=101829 https://www.taxtmi.com/highlights?id=101829 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Certificate of Origin verification procedures governed preferential customs exemption, rendering denial of treaty benefits and consequential penalty unsustainable. https://www.taxtmi.com/highlights?id=101828 https://www.taxtmi.com/highlights?id=101828 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI In rem liability of a conveyance survives absent owner penalty, while driver penalty for diversion of smuggled goods stands. https://www.taxtmi.com/highlights?id=101827 https://www.taxtmi.com/highlights?id=101827 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Personal guarantor liability permits SARFAESI enforcement despite corporate debtor CIRP where no guarantor insolvency application is pending. https://www.taxtmi.com/highlights?id=101826 https://www.taxtmi.com/highlights?id=101826 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Highlights TaxTMI Financial debt requires disbursement for time value of money; a flat allotted against service dues creates no financial creditor status. https://www.taxtmi.com/highlights?id=101825 https://www.taxtmi.com/highlights?id=101825 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Highlights TaxTMI Prima facie material and strong suspicion justified refusal of discharge in the alleged money-laundering prosecution. https://www.taxtmi.com/highlights?id=101824 https://www.taxtmi.com/highlights?id=101824 Sun, 19 Jul 2026 21:36:40 +0530 PMLA Highlights TaxLaws TaxTMI Suppressed turnover based on unreconciled inspection stock survives revised-return disclosure, with reduced estimated additions and penalty sustained. https://www.taxtmi.com/highlights?id=101823 https://www.taxtmi.com/highlights?id=101823 Sun, 19 Jul 2026 21:36:40 +0530 VAT Highlights TaxLaws TaxTMI US oil firms sign deals with Iraq to develop alternative shipping routes https://www.taxtmi.com/news?id=73890 https://www.taxtmi.com/news?id=73890 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI HC transfers probe against ex-MLC Haji Iqbal from UP STF to SFIO https://www.taxtmi.com/news?id=73889 https://www.taxtmi.com/news?id=73889 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Rupee rises 12 paise to close at 96.30 against US dollar https://www.taxtmi.com/news?id=73888 https://www.taxtmi.com/news?id=73888 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI MP industrial corporation, Amazon ink pact to accelerate e-commerce exports https://www.taxtmi.com/news?id=73887 https://www.taxtmi.com/news?id=73887 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Following are the top foreign stories at 2015 hours https://www.taxtmi.com/news?id=73886 https://www.taxtmi.com/news?id=73886 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: SC https://www.taxtmi.com/news?id=73885 https://www.taxtmi.com/news?id=73885 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI GST Evasion Matters cannot be investigated by other enforcement agencies like ED Or CBI /forum/issue?id=121011 /forum/issue?id=121011 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI India'??s forex kitty jumps USD 964 mn to USD 675.15 bn https://www.taxtmi.com/news?id=73884 https://www.taxtmi.com/news?id=73884 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Rupee rises 14 paise to close at 96.28 against US dollar https://www.taxtmi.com/news?id=73883 https://www.taxtmi.com/news?id=73883 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Office of Economic Adviser to Release Revised Index of Core Industries Series with Base Year 2022–23 https://www.taxtmi.com/news?id=73882 https://www.taxtmi.com/news?id=73882 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Fourth Edition of IICA’s National Conference on Responsible Business Conduct (NCRBC) 2026 held in New Delhi https://www.taxtmi.com/news?id=73881 https://www.taxtmi.com/news?id=73881 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Central Government specifies the Cost Inflation Index for the financial years 2026-27 https://www.taxtmi.com/notifications?id=146313 https://www.taxtmi.com/notifications?id=146313 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI Prohibition on Import of Goods Produced Using Forced Labour - Insertion of Para 2.20B and Para 11.64 in the Foreign Trade Policy (FTP) 2023 https://www.taxtmi.com/notifications?id=146293 https://www.taxtmi.com/notifications?id=146293 Sun, 19 Jul 2026 21:36:40 +0530 Customs Notifications TaxLaws TaxTMI Additional demand in the order, not raised in the SCN but discussed in Personal Hearing. /forum/issue?id=121029 /forum/issue?id=121029 Sun, 19 Jul 2026 21:36:40 +0530 GST Discussion-Forum TaxLaws TaxTMI Reliance promoters raise stake by 0.5 pc through Rs 8,500-9,000 cr worth of share purchases https://www.taxtmi.com/news?id=73880 https://www.taxtmi.com/news?id=73880 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Agreement and Protocol between the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income https://www.taxtmi.com/notifications?id=146328 https://www.taxtmi.com/notifications?id=146328 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI Notification Granting Tax Exemption to the Delhi Pollution Control Committee under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146327 https://www.taxtmi.com/notifications?id=146327 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Notifications TaxLaws TaxTMI US Senate bill seeks 100% tariffs on India, 4 other nations for buying Russian oil https://www.taxtmi.com/news?id=73879 https://www.taxtmi.com/news?id=73879 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI All-industry duty drawback rates for specified gold and silver jewellery exports are revised through amendments to the drawback schedule. https://www.taxtmi.com/highlights?id=101822 https://www.taxtmi.com/highlights?id=101822 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Specified authority composition under section 72A is amended by substituting the designated fifth committee member. https://www.taxtmi.com/highlights?id=101821 https://www.taxtmi.com/highlights?id=101821 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Cost Inflation Index for financial year 2026-27 is notified, applying from the corresponding tax year onward. https://www.taxtmi.com/highlights?id=101820 https://www.taxtmi.com/highlights?id=101820 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI NRIs can bring USD 70-80 bn into India through FCNR deposits: expert https://www.taxtmi.com/news?id=73878 https://www.taxtmi.com/news?id=73878 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Pension fund tax exemption applies to eligible Indian investments subject to reporting, asset-use, borrowing and governance conditions. https://www.taxtmi.com/highlights?id=101819 https://www.taxtmi.com/highlights?id=101819 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Customs tariff values revised for edible oils, brass scrap, gold and silver, while areca nut valuation remains unchanged. https://www.taxtmi.com/highlights?id=101818 https://www.taxtmi.com/highlights?id=101818 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Seeks to amend Notification No. 08/2026-Central Excise, dated the 26th March, 2026 - effective rate of Special Additional Excise Duty on Aviation Turbine Fuel when cleared for exports https://www.taxtmi.com/notifications?id=146307 https://www.taxtmi.com/notifications?id=146307 Sun, 19 Jul 2026 21:36:40 +0530 Excise Notifications TaxLaws TaxTMI Special Additional Excise Duty on export-cleared Aviation Turbine Fuel is revised under the amended effective-rate notification. https://www.taxtmi.com/highlights?id=101817 https://www.taxtmi.com/highlights?id=101817 Sun, 19 Jul 2026 21:36:40 +0530 Excise Highlights TaxLaws TaxTMI Special additional excise duty on exported petrol and diesel is revised through substituted per-litre rates effective immediately. https://www.taxtmi.com/highlights?id=101816 https://www.taxtmi.com/highlights?id=101816 Sun, 19 Jul 2026 21:36:40 +0530 Excise Highlights TaxLaws TaxTMI Seeks to amend Notification No. 06/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on export of petrol and diesel https://www.taxtmi.com/notifications?id=146306 https://www.taxtmi.com/notifications?id=146306 Sun, 19 Jul 2026 21:36:40 +0530 Excise Notifications TaxLaws TaxTMI India-UK CETA tariff concessions introduce preferential customs treatment, origin verification, and quota-based rates for specified United Kingdom imports. https://www.taxtmi.com/highlights?id=101815 https://www.taxtmi.com/highlights?id=101815 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Forced-labour import enquiries now permit evidence gathering and recommendations to prohibit affected goods from entering India. https://www.taxtmi.com/highlights?id=101814 https://www.taxtmi.com/highlights?id=101814 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Accredited export test reports must be considered without mandatory CRCL referral where no risk-based intervention or intelligence exists. https://www.taxtmi.com/highlights?id=101813 https://www.taxtmi.com/highlights?id=101813 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI GST 'as is where is' regularisation accepts lower tax positions but denies refunds and excludes unreported non-payment. https://www.taxtmi.com/highlights?id=101812 https://www.taxtmi.com/highlights?id=101812 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Suo-moto audit and scrutiny proposals require documented reasons, estimated evasion, DETC recommendation and range-level approval before initiation. https://www.taxtmi.com/highlights?id=101811 https://www.taxtmi.com/highlights?id=101811 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Multi-year GST audit coverage requires examination of subsequent financial years through the current year for full compliance review. https://www.taxtmi.com/highlights?id=101810 https://www.taxtmi.com/highlights?id=101810 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform https://www.taxtmi.com/news?id=73877 https://www.taxtmi.com/news?id=73877 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Appointment of Common Adjudicating Authority in the case of M/s. Inditech Trent Retails India Pvt. Ltd. IEC: 0509065597) – Consolidated Adjudication of Multiple Show Cause Notices arising from SVB Investigation Report No. Cus/SVB-DEL/164/2018-19 dated 27.12.2018 https://www.taxtmi.com/notifications?id=146326 https://www.taxtmi.com/notifications?id=146326 Sun, 19 Jul 2026 21:36:40 +0530 Customs Notifications TaxLaws TaxTMI Union Minister of Commerce and Industry, Shri Piyush Goyal Leads High-Level Delegation to Finland to Strengthen Trade and Investment Ties https://www.taxtmi.com/news?id=73876 https://www.taxtmi.com/news?id=73876 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI India Achieves Major Milestone at Codex Commission with Adoption of Three Global Standards for Spices https://www.taxtmi.com/news?id=73875 https://www.taxtmi.com/news?id=73875 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Centre for Trade and Investment Law launches guidebook to help Indian MSMEs expand into global markets https://www.taxtmi.com/news?id=73874 https://www.taxtmi.com/news?id=73874 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Revenue precluded from imposing a Section 117 penalty if not proposed in the Show Cause Notice https://www.taxtmi.com/article/detailed?id=16963 https://www.taxtmi.com/article/detailed?id=16963 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI Is Cashew a Fruit? A Tax Question Beyond Botany https://www.taxtmi.com/article/detailed?id=16962 https://www.taxtmi.com/article/detailed?id=16962 Sun, 19 Jul 2026 21:36:40 +0530 Service Tax Articles TaxLaws TaxTMI GST PORTAL NOTICES ARE REAL NOTICES: DIGITAL VIGILANCE IS NOW NON-NEGOTIABLE https://www.taxtmi.com/article/detailed?id=16961 https://www.taxtmi.com/article/detailed?id=16961 Sun, 19 Jul 2026 21:36:40 +0530 GST Articles TaxLaws TaxTMI Applicability of Legal Metrology Laws to Alcoholic Beverages in India. https://www.taxtmi.com/article/detailed?id=16960 https://www.taxtmi.com/article/detailed?id=16960 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Articles TaxTMI Bringing Wine from Europe/Foreign Country to India: Customs Rules, FSSAI Requirements, Duty Implications and Practical Guidance for Indian Travellers. https://www.taxtmi.com/article/detailed?id=16959 https://www.taxtmi.com/article/detailed?id=16959 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI IPR Enforcement at Borders: International Best Practices - Exhibits, Examples, and Real-Life Case Laws https://www.taxtmi.com/article/detailed?id=16958 https://www.taxtmi.com/article/detailed?id=16958 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI Cross-Border E-Commerce: Challenges for Customs Administration. https://www.taxtmi.com/article/detailed?id=16957 https://www.taxtmi.com/article/detailed?id=16957 Sun, 19 Jul 2026 21:36:40 +0530 Customs Articles TaxLaws TaxTMI Interest wrongly classified as tax cannot require GST appellate pre-deposit; the appeal must be reconsidered on merits. https://www.taxtmi.com/highlights?id=101809 https://www.taxtmi.com/highlights?id=101809 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Statutory GST appeal remedy prevails where alleged inadequate consideration of replies does not establish a natural justice breach. https://www.taxtmi.com/highlights?id=101808 https://www.taxtmi.com/highlights?id=101808 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Statutory GST appellate remedy must be pursued before writ review of a demand order, with limitation protection granted. https://www.taxtmi.com/highlights?id=101807 https://www.taxtmi.com/highlights?id=101807 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Efficacious GST appellate remedy bars writ review where disputed factual issues and statutory pre-deposit must be addressed by the Tribunal. https://www.taxtmi.com/highlights?id=101806 https://www.taxtmi.com/highlights?id=101806 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Substantial procedural compliance supports GST waiver reconsideration where full tax was timely paid under an incorrect tax head. https://www.taxtmi.com/highlights?id=101805 https://www.taxtmi.com/highlights?id=101805 Sun, 19 Jul 2026 21:36:40 +0530 GST Highlights TaxLaws TaxTMI Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh review. https://www.taxtmi.com/highlights?id=101804 https://www.taxtmi.com/highlights?id=101804 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Penalty initiation for cash-receipt contraventions begins with the competent authority's hearing notice, subject to reasonable-time limits. https://www.taxtmi.com/highlights?id=101803 https://www.taxtmi.com/highlights?id=101803 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identified subsequent DIN intimation. https://www.taxtmi.com/highlights?id=101802 https://www.taxtmi.com/highlights?id=101802 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Place of effective management threshold exclusion supported refund where assumed Indian residence caused tax payment and double taxation. https://www.taxtmi.com/highlights?id=101801 https://www.taxtmi.com/highlights?id=101801 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Genuine derivative losses require proof beyond exchange records when transaction patterns and investigation material indicate manipulation. https://www.taxtmi.com/highlights?id=101800 https://www.taxtmi.com/highlights?id=101800 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Contingent contractual consideration requires an enforceable accrued right, while project costs follow corresponding revenue recognition under percentage completion. https://www.taxtmi.com/highlights?id=101799 https://www.taxtmi.com/highlights?id=101799 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Statutory sanction for delayed reassessment is mandatory; approval by an unauthorised authority invalidates reassessment jurisdiction. https://www.taxtmi.com/highlights?id=101798 https://www.taxtmi.com/highlights?id=101798 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Explained sale advances cannot be taxed as unexplained money when evidence establishes their connection with property sale consideration. https://www.taxtmi.com/highlights?id=101797 https://www.taxtmi.com/highlights?id=101797 Sun, 19 Jul 2026 21:36:40 +0530 Income Tax Highlights TaxLaws TaxTMI Customs non-declaration findings withstand review where contemporaneous evidence corroborates a retracted statement and no perversity is shown. https://www.taxtmi.com/highlights?id=101796 https://www.taxtmi.com/highlights?id=101796 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Customs transaction value cannot be rejected on NIDB data alone without reasonable doubt and genuinely comparable imports. https://www.taxtmi.com/highlights?id=101795 https://www.taxtmi.com/highlights?id=101795 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Consequential refund claims for illegally collected export duty survive limitation and unjust enrichment where the ultimate buyer bore the burden. https://www.taxtmi.com/highlights?id=101794 https://www.taxtmi.com/highlights?id=101794 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial food-manufacturing entry. https://www.taxtmi.com/highlights?id=101793 https://www.taxtmi.com/highlights?id=101793 Sun, 19 Jul 2026 21:36:40 +0530 Customs Highlights TaxLaws TaxTMI Discretionary restoration costs require reasoned justification and cannot be imposed for facilitating statutory tax assessment proceedings. https://www.taxtmi.com/highlights?id=101792 https://www.taxtmi.com/highlights?id=101792 Sun, 19 Jul 2026 21:36:40 +0530 Corporate Laws Highlights TaxLaws TaxTMI Strict IBC appeal limitation requires a timely delay-condonation application; later filing cannot cure expiry of the maximum period. https://www.taxtmi.com/highlights?id=101791 https://www.taxtmi.com/highlights?id=101791 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Highlights TaxTMI Knowing assistance with proceeds of crime supports money-laundering charges where specific fund transfers show active prima facie involvement. https://www.taxtmi.com/highlights?id=101790 https://www.taxtmi.com/highlights?id=101790 Sun, 19 Jul 2026 21:36:40 +0530 PMLA Highlights TaxLaws TaxTMI Money-laundering discharge requires assessment of prima facie PMLA ingredients, not re-evaluation of pending predicate offences. https://www.taxtmi.com/highlights?id=101789 https://www.taxtmi.com/highlights?id=101789 Sun, 19 Jul 2026 21:36:40 +0530 PMLA Highlights TaxLaws TaxTMI Reverse-charge service tax on mining royalty excludes threshold relief and may trigger extended limitation and penalties for suppression. https://www.taxtmi.com/highlights?id=101788 https://www.taxtmi.com/highlights?id=101788 Sun, 19 Jul 2026 21:36:40 +0530 Service Tax Highlights TaxLaws TaxTMI Railway cleaning and onboard housekeeping qualified as exempt municipal sanitation services, while known facts prevented extended limitation. https://www.taxtmi.com/highlights?id=101787 https://www.taxtmi.com/highlights?id=101787 Sun, 19 Jul 2026 21:36:40 +0530 Service Tax Highlights TaxLaws TaxTMI Secured creditor priority defeats State tax encumbrances, protecting SARFAESI auction purchasers from subsequent recovery against purchased assets. https://www.taxtmi.com/highlights?id=101786 https://www.taxtmi.com/highlights?id=101786 Sun, 19 Jul 2026 21:36:40 +0530 VAT Highlights TaxLaws TaxTMI Statutory demand notice must exclude stale or prematurely presented cheques and require valid service for cheque dishonour prosecution. https://www.taxtmi.com/highlights?id=101785 https://www.taxtmi.com/highlights?id=101785 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws Highlights TaxTMI Brazil calls Trump's 25 pc tariff unjustifiable, vows to impose reciprocal tariffs https://www.taxtmi.com/news?id=73873 https://www.taxtmi.com/news?id=73873 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI Trump administration races clock to rebuild US tariff wall knocked down by SC https://www.taxtmi.com/news?id=73872 https://www.taxtmi.com/news?id=73872 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI JK marks maiden export of premium cherries, plums to Singapore https://www.taxtmi.com/news?id=73871 https://www.taxtmi.com/news?id=73871 Sun, 19 Jul 2026 21:36:40 +0530 TaxLaws News TaxTMI TMI Updates - Newsletter dated: July 19, 2026 https://www.taxtmi.com/newsletter?id=07/19/2026 https://www.taxtmi.com/newsletter?id=07/19/2026 Daily Updates Tax