Article Archive
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MCA Replaces the 2015 Cadre Rules: What the New Indian Corporate Law Service Rules, 2026 Change for ROC and Official Liquidator Offices
MCA has notified the Indian Corporate Law Service Rules, 2026 (G.S.R. 863(E), 6 October 2026), replacing the 2015 Rules governing ROC, Official Liquidator and related officer cadres. Prepared by Finoscape Editorial Team.
9 Oct 20264 min read
Read MoreRBI’s New Credit Valuation Adjustment Framework: What Bank Derivative Desks Must Build Before April 2027
RBI’s Credit Valuation Adjustment Framework Directions, 2026 (7 October 2026) set new capital rules for commercial banks’ derivative books, effective 1 April 2027. Banks must use the Basic Approach (BA-CVA) or a size-based alternative, with new Pillar 3 disclosures. Prepared by Finoscape Editorial Team.
9 Oct 20265 min read
Read MoreGST 2.0 Gets a Tune-Up: 15 GST Changes Every Business Should Know
The 57th GST Council meeting (8 October 2026) delivers 15 major GST reforms: arrest powers proposed for removal, prosecution threshold raised to ₹5 crore, faster refunds, wider ITC on capital goods and employee insurance, simpler registration compliance, easier e-commerce inter-State selling and more. No rate changes. Edited by CA Siddharth S. Sancheti.
9 Oct 202610 min read
Read More57th GST Council Recommends Scrapping Arrest Powers Under Section 69, Raises Prosecution Threshold to ₹5 Crore: What Today’s Outcome Actually Means
At 11:00 AM this morning, the 57th GST Council sat down at Bharat Mandapam for a meeting that had already […]
8 Oct 20269 min read
Read MoreMaharashtra Charity Commissioner Ends Physical Receipt Submission for Online Trust Accounts — With Immediate Effect
The Office of the Charity Commissioner, Maharashtra has via Circular No. 626 dated 05 October 2026 discontinued the practice of physically submitting the receipt of online account statements to district offices under Section 34 of the Maharashtra Public Trusts Act, 1950 — with immediate effect.
7 Oct 20264 min read
Read MoreRBI Raises Repo Rate to 5.50%: What It Really Means for Your EMI, Your Business and Your Bank’s FCNR Book
The RBI has raised the repo rate by 25 basis points to 5.50%. This analysis covers the EMI impact on home, car and business loans, sector-by-sector industry consequences, and why banks holding legacy FCNR deposits stand to benefit — with important caveats on swap cost dynamics.
7 Oct 20269 min read
Read MoreITAT Makes E-Filing Compulsory for Every Appeal, Effective 1 October 2026 — And Gives the Profession One Day’s Notice
ITAT’s Practice Note F.31-AT/Gen.Adm./Central/Delhi/2025-26 makes e-filing compulsory from 1 October 2026 for every Memorandum of Appeal, Cross Objection, Stay Application and Miscellaneous Application — a physically-filed appeal will not be registered. Prepared by Finoscape Editorial Team.
4 Oct 20265 min read
Read MoreOne PAN, Several States, One Form: GSTN’s New Multi-State Registration Facility
From 1 October 2026, GSTN lets Normal Taxpayers apply for GST registration in several States/UTs at once via a single Master TRN, entering common business details once instead of filing the same information State by State. Prepared by Finoscape Editorial Team.
3 Oct 20264 min read
Read MoreDelhi High Court: A GST Refund Order Isn’t the Only Thing That Can Keep Your Money Stuck — Devi Electronics on Section 54(11)
Delhi HC upholds the GST department’s withholding of a Rs 3.15 crore sanctioned refund under Section 54(11) of the CGST Act, holding a pending Anti-Evasion Wing investigation qualifies as ‘other proceedings’ even absent a departmental appeal. Prepared by Finoscape Editorial Team.
3 Oct 20266 min read
Read MoreGST Collections Cross ₹2 Lakh Crore Again in September: What the Numbers Underneath Are Actually Saying
GSTN’s final revenue report for September 2026 shows gross GST collections of ₹2,03,521 crore, up 14.7% YoY, while net revenue rose a sharper 18.1% — a gap that says more about refund management than tax collection.
2 Oct 20266 min read
Read MoreFEMA Export and Import Regulations 2026: What Changes from 1 October, Before and After
The FEMA (Export and Import of Goods and Services) Regulations 2026 take effect on 1 October 2026. Here is what the position was before and after, and how it affects exporters, importers and banks.
30 Sept 202610 min read
Read MoreCustomer Not Paying? The GST Portal Has a Lesser-Known Reminder Channel
Learn how eligible GST taxpayers can send payment reminders and missing-invoice requests through the GST Portal, with steps, limits and legal caveats.
30 Sept 20264 min read
Read MoreBoard Meeting and AGM on the Same Day: What the ROC Karnataka Order on Section 101 Teaches Every Company
ROC Karnataka penalised Stanley OEM Sofas Limited and its directors for holding the Board Meeting and AGM on the same day. Here is what Sections 101 and 136 require and how to plan your AGM calendar.
30 Sept 20269 min read
Read MoreCharity Commissioner Extends Online Submission of Trust Accounts to 30 November 2026: What Circular No. 625/2026 Means for Trustees and Auditors
Circular No. 625/2026 gives a final extension to 30 November 2026 for online submission of trust accounts in Maharashtra. Here is what it means for trustees and auditors.
30 Sept 20265 min read
Read MorePuneet Batra v. Union of India: Supreme Court Stays Delhi HC on GST Search of Advocate’s Office
The Supreme Court has stayed a Delhi High Court judgment that upheld a GST department search of an advocate’s office, pausing examination of seized data while it examines the advocate-client privilege question under Section 67 of the CGST Act — with the advocate due before the GST officer today.
30 Sept 20266 min read
Read MoreExport Declaration Form for Service Exporters and Digital Creators: What Changes from 1 October 2026
From 1 October 2026 every exporter of services furnishes a monthly Export Declaration Form to the specified authority. Proceeds must be realised within 9 months. Here is who is covered and what to do.
29 Sept 202610 min read
Read MoreCBDT Extends ITR Filing Deadline for Audited Taxpayers to 21 November 2026 — Tax Audit Report Deadline Moves to 21 October
By CA Siddharth S. Sancheti, Editor, Finoscape Verification note: This report is based on the official press release issued by […]
28 Sept 20265 min read
Read MoreTwenty Years, One Machine: Calcutta HC Settles Whether an ATM Is a “Computer” for Depreciation
The Calcutta High Court has held that ATMs qualify as “computers” under the Income-tax Rules, entitling banks to the higher depreciation rate. What the functional-utility test means for any business claiming depreciation on specialised equipment.
24 Sept 20266 min read
Read MoreOut of NCLT, Back Into the GST Appeal: Madras High Court’s Reduced Pre-Deposit Route for Resolved Companies
The Madras High Court has permitted a company that emerged from NCLT insolvency resolution to pursue a statutory GST appeal, conditional on depositing the full tax demand plus only 10% of interest and penalty under Section 107(6) of the CGST Act.
23 Sept 20265 min read
Read More“Tremendous Pressure” Is Not a Reason: Calcutta HC Refuses to Excuse the Income Tax Department’s 4-Year Delay in Filing Its Own Appeal
The Calcutta High Court has refused to condone a 1,480-day delay by the Income Tax Department in filing an appeal against PwC, holding that departmental workload is not “sufficient cause” under Section 260A of the Income-tax Act.
23 Sept 20266 min read
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