Article Archive
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Page 8 of 10
TReDS Decoded: How Trade Receivables Discounting Is Quietly Fixing India’s MSME Cash-Flow Problem
Category: MSME & Trade Finance | Deep Dive · Prepared for Finoscape — India’s Daily Tax & Regulatory Intelligence Hub […]
11 Aug 202611 min read
Read MoreCorporate Laws (Amendment) Bill, 2026: “Small Company” Thresholds Proposed to Rise to ₹20 Crore Capital / ₹200 Crore Turnover
Clause 18 of the Corporate Laws (Amendment) Bill, 2026 (pending before a Joint Parliamentary Committee) proposes raising Companies Act ‘small company’ thresholds under Section 2(85) from ₹10cr/₹100cr to ₹20cr/₹200cr.
11 Aug 20266 min read
Read MoreKarnataka High Court: Consolidated GST Show Cause Notices Spanning Multiple Financial Years Are Permissible
Karnataka HC holds Sections 73/74 CGST Act notices are not financial-year specific, upholding consolidated multi-year SCNs and deepening a live split with Bombay, Kerala, Madras, AP and Himachal Pradesh High Courts.
11 Aug 20267 min read
Read MoreDelhi High Court: Appellate “Lis” Under Section 107(6) Commences on the Show Cause Notice Date, Not the Adjudication Order
Delhi HC holds the Finance Act 2025’s 10% GST penalty pre-deposit under Section 107(6) doesn’t apply where the Show Cause Notice pre-dates the 1 Oct 2025 amendment — appellate rights are fixed on the SCN date, not the order date.
11 Aug 20266 min read
Read MoreICAI Reprimands CA and Imposes ₹50,000 Fine for Issuing a Certificate Without Verifying the Cash Book
Executive Summary The ICAI Disciplinary Committee, Bench-II, has held a Mumbai-based Chartered Accountant guilty of professional misconduct under Item (7) […]
10 Aug 20266 min read
Read MoreHimachal Pradesh High Court Applies Section 6(2)(b) Bar on Parallel GST Proceedings to an Input Tax Credit Dispute
The Himachal Pradesh High Court, in H.M. Steels Ltd. v. Union of India & Ors. (CWP No. 6070/2024, judgment dated […]
10 Aug 20266 min read
Read MoreCBIC Mandates Coordination with State Mining Authorities to Detect GST Evasion in Illegal Mining Cases
The CBIC’s GST-Investigation Wing has issued Instruction No. 01/2026-GST, dated 3 August 2026, directing all Principal Chief Commissioners/Chief Commissioners of […]
10 Aug 20264 min read
Read MoreITAT Mumbai Denies Tax-Neutral Demerger: Why the Holding Company’s Shares Weren’t Enough
ITAT Mumbai denies ₹240+ crore in carried-forward losses in Sterling Holiday Resorts Ltd. v. DCIT, holding that a holding company’s shares cannot substitute for the resulting company’s own share issuance under Section 2(19AA) of the Income-tax Act.
9 Aug 20265 min read
Read MoreBombay High Court: Interest Dispute Must Be Adjudicated by Speaking Order Before GST Garnishee Recovery
Bombay High Court holds that where a bona fide dispute exists over Section 50 interest computation, the department must first pass a speaking order before resorting to garnishee proceedings under Section 79 of the CGST Act. BVG India Ltd. v. Union of India.
9 Aug 20263 min read
Read MoreSupreme Court Stays Fresh GST Show Cause Notice, Flags Jurisdictional Error in Parallel Proceedings
The Supreme Court has stayed a fresh Section 74 CGST show cause notice after finding it duplicated a demand already pending in statutory appeal — a reminder that parallel proceedings on the same tax demand raise a substantial jurisdictional question.
9 Aug 20264 min read
Read MoreThe Complete Guide to E-Way Bill Exemptions: 15 Situations Where You Don’t Need One
Category: GST | Practical Compliance Guide · Prepared for Finoscape — India’s Daily Tax Intelligence Hub · Estimated reading time: […]
8 Aug 20267 min read
Read MoreSupreme Court Upholds Section 16(2)(c): No Input Tax Credit Without the Supplier’s Tax Payment
Prepared by Finoscape Editorial Team — hello@finoscape.com · Estimated reading time: 7 minutes Executive Summary The Supreme Court has upheld […]
8 Aug 20264 min read
Read MoreGSTN Puts Ship-to-GSTIN E-Way Bill Mandate on Hold — What Changes From Our Earlier Coverage
Prepared by Finoscape Editorial Team — hello@finoscape.com · Estimated reading time: 5 minutes Executive Summary GSTN’s advisory dated 29 July […]
8 Aug 20263 min read
Read MoreBombay HC to ITAT: Heard Thrice, Judged Never — No Excuse for Missing the 90-Day Rule
Case Law Deep Dive · Category: Case Laws · 7 August 2026 Executive Summary On 31 July 2026, a division […]
7 Aug 20264 min read
Read MoreRBI’s Draft Foreign Investment Rules, 2026: NDI Rules Set for Ground-Up Rewrite
On 21 July 2026 (Press Release No. 2026-2027/726), the Reserve Bank of India released the draft Foreign Exchange Management (Foreign […]
6 Aug 20262 min read
Read MoreCBDT Notifies ITR-BN: New Block Assessment Return for Search & Requisition Cases
CBDT notifies ITR-BN, a dedicated block-assessment return for search and requisition cases under the Income-tax Act, 2025, effective retrospectively from 1 April 2026.
6 Aug 20262 min read
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High-Value Financial Transactions Reported to the Income-tax Department: The Complete Rule 114E Guide
Which bank deposits, property deals and card payments get reported to the Income-tax Department under Rule 114E — thresholds, penalties, and what to do about AIS mismatches.
4 Aug 202610 min read
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REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly
A REIT or InvIT payout can bundle interest, dividend, rental income and capital repayment in one distribution — each taxed differently. Here’s how to read your statement correctly, including two rules commonly stated backward.
4 Aug 20267 min read
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Supreme Court Sets Aside NCLT Order Over AI-Hallucinated Case Citations
The Supreme Court has set aside an NCLT order that relied on non-existent case citations, apparently generated by an AI tool, and directed the Bar Council of India to frame norms for AI use in legal drafting.
4 Aug 20262 min read
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MCA Extends CCFS-2026 Compliance Relief to 31 August 2026 After MCA21 Data-Centre Fire
Following the MCA21 data-centre fire on 5 June, the Ministry of Corporate Affairs has extended its Company Compliance Fee Scheme relief window to 31 August 2026 — normal fee plus only a 10% additional fee.
4 Aug 20262 min read
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