Jalna, Sep 3 (PTI) The role of Maharashtra Industrial Development Corporation (MIDC) goes beyond selling industrial plots and involves developing infrastructure, providing services and creating a conducive environment for industries, its Chief Executive Officer Dipendra Singh Kushwah said here on Thursday. He was speaking at 'Industrial Summit 2026' organised by Jalna First and the district administration, which was attended 300 industrialists and entrepreneurs from across the country. The... ... ...

Company recognised as Fintech Company of the Year; Founder and CEO Rohit Taneja named Emerging Leader of the Year; Decentro also receives the Embedded Finance Innovation Award Bengaluru, Karnataka, India (NewsVoir) Decentro, the full-stack banking and fintech infrastructure platform used by 2,000+ enterprises, has closed out its strongest award season to date. The company has been named Fintech Company of the Year at the India Fintech Awards 2026, hosted by the Unified Fintech Forum (UFF), and ... ... ...

GOVERNMENT OF TAMIL NADU COMMERCIAL TAXES DEPARTMENT OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES EZHILAGAM, CHENNAI- 600 005 PRESENT: Dr. D.JAGANNATHAN I.A.S. COMMISSIONER OF STATE TAX Circular No. 2/2024 (PP6/GST-160/2024) Dated : 12.07.2024 Sub: -Regarding. Ref: Circular No. 207/01/2024-GST, dated 26.06.2024, issued by Government of India, Ministry of Finance, Department of Revenue, CBIC, GST Policy Wing. ****** In the reference cited, the Government of I... ... ...

Distinguished guests, leaders from the financial industry, esteemed colleagues from the regulatory fraternity, ladies and gentlemen, very good morning. 2. It is my privilege to address the 7th Edition of the NBFC & HFC Summit. I thank the organisers for inviting me to speak on "NBFCs, HFCs and the New Phase of Growth." Fewer subjects matter as much to India's growth over the next decades as this one. India is moving steadily towards Viksit Bharat - a developed India that is economically stron... ... ...

DEPARTMENT OF LAW, JUSTICE AND LEGISLATIVE AFFAIRS NOTIFICATION Delhi, the 30th January, 2023 F. No. 14 (82)/LA/2023/dsadvice/28-35.- The following Act of the Legislative Assembly of the National Capital Territory of Delhi received the assent of the Lt. Governor of Delhi on the 27th January, 2023 and is hereby published for general information. THE DELHI GOODS AND SERVICES TAX (AMENDMENT) Act, 2023 (DELHI ACT No. 02 OF 2023) (As passed by the Legislative Assembly of the Nationa... ... ...

Reassessment limitation for assessment year 2017-18 expired on 30 June 2021. The deemed-notice procedure could not extend the surviving limitation period under the new reassessment regime. For reopening beyond three years, the extended period also required alleged escaped income in the prescribed form to meet the applicable threshold; alleged escaped income did not meet that requirement. The Section 148 notice issued on 29 July 2022 was therefore invalid, and the consequential reassessment was quashed. Grounds challenging additions on merits became infructuous.

CSR expenditure disallowed in computing business income under Explanation 2 to section 37(1) may nevertheless qualify for deduction under section 80G. Section 80G operates independently under Chapter VI-A when computing total income and does not require donations to approved institutions to be voluntary. The exclusion applicable to specified CSR donations does not extend to donations made to other section 80G-approved institutions. Although CSR spending is mandatory, the taxpayer retains discretion in selecting the recipient. Eligible CSR donations supported by prescribed conditions and documentation are therefore deductible under section 80G.

The Competition Commission of India (CCI/the Commission), vide an order dated 02.09.2026 issued under Section 27 of the Competition Act, 2002, (the Act) has directed Trustees' Association of India (TAI), IDBI Trusteeship Services Limited, Axis Trustee Services Limited and SBI CAP Trustee Company Limited and their respective individuals liable under Section 48 of the Act, to cease and desist from anti-competitive conduct found to be in violation of Section 3(3)(a) and 3(3)(b) read with Section 3(... ... ...

HON'BLE MR. P.K. CHOUDHARY, MEMBER (JUDICIAL) AND HON'BLE MR. SANJIV SRIVASTAVA, MEMBER (TECHNICAL) For the Appellants : Shri Kamaljeet Singh, Advocate For the Respondent : Shri Santosh Kumar, Authorised Representative SANJIV SRIVASTAVA: These appeals are directed against Order-in-Original No.06 to 08/Commr/ 2020-21 dated 19.03.2021 of the Commissioner Customs (Preventive) Lucknow by the impugned order following has been held: "ORDER (1) DRI /LZU/CI/26/INT-14/RL/2019/DATE... ... ...

The shift from conventional textile printing to digital is no longer a future possibility. It is already happening at industrial scale. A strong example of this transformation is the Konica Minolta NASSENGER SP-1e, an ultra-high-speed single-pass Digital Textile Printer developed with advanced Japanese technology for large-scale textile production. The NASSENGER SP-1e has entered major textile manufacturing markets. The first NASSENGER SP-1e sale/installation reported in India now marks an im... ... ...

Mumbai, Sep 3 (PTI) Union Commerce and Industry Minister Piyush Goyal on Thursday hailed India's 7.8 per cent GDP growth in the first quarter of FY 25-26 and said the Opposition's "negative mindset" was unable to digest the country's rapid economic progress. Addressing a function at CSMT via video link from Delhi to flag off the CSMT-Sawantwadi Road Express, Goyal said strong growth was taking India to new heights and enhancing its image globally as a "trusted partner". Targeting the Oppos... ... ...

Securities, including shares issued under ESOPs, ESPPs or RSUs, are neither goods nor services, and their transfer does not itself constitute a taxable supply. Where employee stock benefits form part of remuneration under employment terms, the arrangement is outside the scope of supply. A domestic subsidiary's cost-to-cost reimbursement to its overseas holding company for shares issued to employees is not an import of services. Any fee, markup or commission exceeding the securities cost is consideration for facilitation services and attracts GST under reverse charge.

Warranty replacement principles for GST liability and input tax credit reversal apply to replacement of entire goods as well as their parts. Where a distributor replaces goods or parts from its own stock on behalf of a manufacturer and receives replenishment without separate consideration through a delivery challan, no GST is payable on replenishment and the manufacturer need not reverse input tax credit. Extended warranty supplied by a person different from the goods supplier, or supplied after the original supply, is a separate supply of services. Where the same supplier provides both goods and extended warranty at original supply, it forms part of a composite supply.

Delhi GST amendments revise composition eligibility and turnover calculations, introduce Aadhaar-based registration authentication with alternate identification, and permit prescribed electronic payment modes. They establish monthly, quarterly and annual return arrangements, allow specified filing extensions, and enable transfers between electronic cash ledgers for different GST components. Interest on delayed returns is generally limited to tax paid through the electronic cash ledger before proceedings begin. National advance-ruling provisions gain effect, anti-profiteering may attract a penalty subject to timely deposit, and Uranium Ore Concentrate receives retrospective rate-schedule treatment without refund of tax already collected.

E-invoicing applies where a registered supplier exceeding the prescribed turnover threshold makes supplies to Government Departments, Government agencies, local authorities or public sector undertakings registered solely for tax deduction at source. Such entities are subject to compulsory registration and are treated as registered persons under the Tamil Nadu GST framework. Their tax deduction at source registration does not remove the supplier's obligation to issue e-invoices under rule 48(4).

No Due Certificates for contractors and suppliers seeking government contracts require verification of return filing, tax payment, delayed-payment interest, annual returns, and liabilities under GST and legacy tax laws. Officers must also check unstayed arrears and liabilities under other registrations linked to the same PAN. The certificate must use the prescribed format and bear a system-generated Reference Number, without which it is invalid. Deficient applications require a reasoned rejection response, and supervisory officers must ensure timely processing and compliance.

New return-based input tax credit procedures allow recipients to verify, validate, modify or delete supplier-furnished supply details through returns. Prescribed procedures govern supplier reporting, recipient credit verification and credit relating to outward supplies not furnished by suppliers; such credit may be capped at a prescribed level not exceeding twenty per cent of credit available from supplier-furnished details. Suppliers and recipients may be jointly and severally liable for tax or wrongly availed credit where prescribed supply details exist but the relevant return has not been furnished. Input tax credit utilisation is reordered through prescribed priority rules for integrated, Central and State tax credit.

SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.

GST exemptions apply to specified public and inter-unit railway services, special purpose vehicle infrastructure-use and related maintenance services, qualifying statutory collections by the Real Estate Regulatory Authority, and eligible long-term accommodation services. Liability for identified railway, reinsurance and qualifying accommodation supplies is regularised on an "as is where is" basis for the respective past periods. Incentive sharing within the prescribed digital-payment distribution mechanism is treated as a non-taxable subsidy. Reinsurance includes retrocession services.

Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.