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.4/2024 (PP2/GST-15/29/2024) Dated: 16.05.2024 Sub: GST - Newly registered taxpayers - Standard Operating Procedure (SOP) to be followed - 'Welcome letter' to be sent by Territorial Joint Commissioners - guidelines issued - regarding. ****** Under the erstwhi... ... ...

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 29/2026-27 Dated: 03rd September, 2026 Subject: -reg. In continuation of Public Notice No. 27/2026-2027 dated 20.08.2026 and the Corrigendum dated 24.08.2026 thereto (hereinafter "the said Public Notice"), and issued in exercise of powers conferred under Paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 2023, the D... ... ...

Mumbai, Sep 3 (PTI) With a target of creating one crore 'Lakhpati Didis' in Maharashtra, Union Minister Shivraj Singh Chouhan on Thursday said loans will not be limited to Self Help Groups (SHGs), but will also be given to women who want to expand their livelihoods. The Union Minister for Agriculture and Farmers Welfare and Rural Development was speaking after his review meeting with banks and state rural livelihood missions. "Women empowerment is a primary requirement for building a devel... ... ...

Suppression of material facts can bar discretionary relief under Article 226 where petitioners challenge auction proceedings while withholding binding Supreme Court directions. The petitioners knew that the Enforcement Directorate had been permitted to attach and auction the properties in accordance with law and that the auction was to continue uninterrupted. Their failure to disclose those directions, which could affect the grant of relief, constituted deliberate suppression and conflicted with the Supreme Court's directions. The challenge to the auction proceedings was therefore not entitled to discretionary writ relief.

Rejection of books of account requires identified defects in the accounting method, entries, or supporting records; non-receipt of third-party information alone is insufficient where relevant financial and transactional records are produced. Estimated gross-profit additions require a rational evidentiary basis, such as comparable cases, industry standards, or material showing income suppression, particularly where declared margins are consistent with prior years. Cash deposits recorded in the cash book and explained by earlier withdrawals cannot be treated as unexplained money without adverse evidence disproving their source. Suspicion does not replace evidence, and consistency in corresponding transactions remains relevant.

Client code modification in commodity transactions - Cash credit addition of commodity-trading profit - Allowance of accrued business expenditure Client code modification in commodity transactions - Cash credit addition of commodity-trading profit - Taxability u/s 68 of the turnover and profit arising from commodity transactions involving client code modification - HELD THAT: - The Tribunal held that the turnover value of the commodity transactions could not be brought to tax. However, the pr... ... ...

Reassessment - sanction by specified authority after three years - Jurisdictional invalidity of reassessment notice Validity of reassessment for AY 2016-17 where approval for the order under section 148A(d) and notice under section 148 was granted by the Principal Commissioner after more than three years from the end of the assessment year - HELD THAT: - Under the substituted reassessment regime, where more than three years have elapsed from the end of the relevant assessment year, prior sanc... ... ...

Revision u/s 263 - Penalty immunity for under-reporting of income u/s. 270AA - non filing of Form-68 - HELD THAT:- Assessee during the course of revision proceedings has admitted that the prior period expenditure has been inadvertently claimed and conceded for the disallowance of the same. We further notice that the assessee has paid the tax and the interest when the order u/s. 143(3) r.w.s 263 of the Act was passed by the A.O. We also notice that the assessee has not filed any appeal against th... ... ...

Limitation for reassessment notice where alleged escaped income is below statutory threshold HELD THAT: - The notice was issued beyond three years from the end of the relevant assessment year, while the alleged escaped income was below the threshold applicable for extended reassessment. Following the coordinate Bench decision on the identical issue Manojbhai Parsottambhai Poriya [2025 (5) TMI 2319 - ITAT MUMBAI] the Tribunal held that the Assessing Officer had wrongly assumed jurisdiction to ... ... ...

Specified authority for reassessment notice after three years - Jurisdictional validity of reassessment notice - Validity of reassessment notice issued after expiry of three years from the end of the relevant assessment year without approval of the higher specified authority - HELD THAT: - Approval by the prescribed specified authority is a jurisdictional precondition for issuance of a reassessment notice. Where more than three years have elapsed from the end of the relevant assessment year, san... ... ...

Customs out-of-charge clearance for PGA-facilitated cosmetics, drugs and medical-device imports requires verification of category-specific regulatory records before clearance. Required records include applicable registration, import or manufacturing licences and permissions, invoices, packing lists, country-of-origin certificates, compliant labels, batch quality certificates, storage-premises evidence and importer undertakings. Cosmetics, drugs and shelf-life-sensitive medical devices must meet prescribed labelling and residual shelf-life conditions. Drug and device permissions must correspond with the imported product and quantity. Discrepancies, doubts, deficient shelf life and specified new-product imports require referral to the relevant port office.

Circular no. 39/2026-Customs F. No. 450/81/2016-cus IV Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Kartavya Bhavan-16049, New Delhi,  Dated the 3^rd September, 2026 To, The Principal Chief Commissioner/Chief Commissioner (Customs/Customs Preventive/Customs and Central Tax);  All Principal Commissioners/Commissioners of Customs/Customs Preventive; All Principal Director Generals/Director General... ... ...

Reassessment notices issued beyond three years require the alleged escaped income to meet the prescribed monetary threshold for extended limitation. Where the recorded escaped income for Assessment Year 2017-18 was below Rs. 50 lakh, the extended period was unavailable. The notice issued under Section 148 was therefore invalid, and the consequential reassessment could not stand.

Before initiating recovery, the proper officer may communicate the identified short payment or non-payment and require the registered person, within the prescribed reasonable period, either to pay the amount or explain the GSTR-1 and GSTR-3B difference. Recovery under section 79 need not be initiated where the explanation satisfactorily justifies the mismatch or the unpaid amount is paid. Where the registered person does not respond, does not pay within the permitted time, or fails to provide a satisfactory explanation, the proper officer may commence recovery proceedings for the unpaid self-assessed tax and related interest.

Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.

Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.

Departmental GST appeals are subject to monetary thresholds for GSTAT, High Court and Supreme Court filings, but an appeal exceeding the relevant threshold must still be assessed on its merits. The disputed amount is determined according to whether the case concerns tax, interest, penalty, late fee or erroneous refund, with composite orders assessed on the aggregate amount. Thresholds do not apply to constitutional or delegated-legislation challenges, recurring interpretative issues, valuation, classification, refunds, place of supply, adverse comments or costs, and other matters requiring contest in the interest of justice or revenue.

NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.

Delhi GST amendments replace the earlier input tax credit matching framework with an auto-generated electronic statement that identifies credit available and credit restricted on supplier-risk criteria. Eligible credit may be self-assessed, but credit relating to unpaid supplier tax must be reversed with applicable interest and may be re-availed after payment. Outward-supply details and returns are subject to filing conditions, including prior-period compliance, with conditional exceptions for specified persons. The amendments also revise refund rules, interest on wrongly availed and utilised credit, and electronic credit ledger restrictions.

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.