GST wrongly levied on penal charges by banks/NBFCs in 2024 has created a Rs 1500 crore issue with no refunds yet. Explore audit implications, legal position, and key concerns for CAs and auditors for FY 2025-26.
For the first time ever, U.S. President Donald Trump's signature will appear on paper currency, ending a 165-year tradition. The new $100 bills, featuring Trump and Treasury Secretary Scott Bessent, are set to roll out in June.
27 March 2026
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Wrongly availed Input Tax Credit under GST can trigger interest liability, even without utilisation. Learn how delayed reversal and prolonged retention of ITC can quietly create financial risk for taxpayers.
Lockdown rumours in India? Know what did Union Minister Hardeep Singh Puri said and how the government is protecting citizens from rising oil prices.
GST authorities are increasingly conducting physical verification of business premises even after issuing GST registration certificates. This may be triggered due to undelivered welcome letters, risk-based scrutiny in automatic registrations, or doubts arising during normal registration processes.
Explore how the Income-tax Act, 2025 transforms India's tax system from fear-driven enforcement to trust-based governance. Learn about decriminalisation of minor offences, Rs 1 crore prosecution thresholds, relief for technical errors, and how the 2026 reforms protect honest taxpayers while targeting fraud.
The Corporate Laws (Amendment) Bill, 2026 brings key reforms to the LLP Act, 2008 and Companies Act, 2013, introducing IFSC LLPs, easing foreign currency operations, and boosting India's global business competitiveness.
27 March 2026
88 Views
GST refund denied due to a minor GSTR-1 error? The Supreme Court in Ruhi Siraj Makda v. Union of India (2026) upholds exporters’ rights, ruling that clerical mistakes cannot override genuine exports and IGST payments.
Finance Bill 2026 proposes a new uniform surcharge rate on capital gains from buybacks. Know its impact on small and high-income investors.
MCA's CCFS-2026 Scheme offers a one-time chance to regularize filings at just 10% additional fees, with options for dormant status or strike-off. Explore eligibility, benefits, key forms, deadlines and compliance FAQs.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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