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پست‌های کانال
‣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 – How interest income and related financing costs may be classified for banks and other entities providing finance to customers ‣ 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞 & 𝐀𝐮𝐝𝐢𝐭 – Why changes in assessment require prospective application, supporting disclosures and appropriate audit evaluation Read the Full Article for FREE! https://taxmann.social/PjOp0 [18 Mins | Read Time] Authored by: CA Bhawna Grover – Manager, Research and Advisory | Taxmann #TaxmannUpdates #IndAS #ProposedIndAS118 #FinancialReporting #OperatingProfit #InvestingActivities #FinancingActivities #AccountingStandards #FinancialStatements #Audit

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#TaxmannAnalysis #IndAS Under proposed Ind AS 118, the classification of income and expenses does not depend only on the natu
#TaxmannAnalysis #IndAS Under proposed Ind AS 118, the classification of income and expenses does not depend only on the nature of an item. It may also depend on whether investing in assets or providing financing to customers constitutes a main business activity of the entity. This article explains how specified main business activities affect classification in the Statement of Profit and Loss and what preparers and auditors should consider. ‣ 𝐌𝐚𝐢𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲 – How entities assess whether investing in assets or providing financing to customers forms part of their main business activities ‣ 𝐄𝐯𝐢𝐝𝐞𝐧𝐜𝐞-𝐁𝐚𝐬𝐞𝐝 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 – Why performance measures, segment information, actual business activities and reporting-entity-level analysis matter ‣ 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 – When specified investment income and expenses that would ordinarily be investing may instead be classified as operating
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‣ 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫 𝐑𝐞𝐥𝐢𝐞𝐟 – How simplification of refund applications and removal of the 1.5-times turnover restriction can strengthen the refund ecosystem for exporters Fortune India ‣ 𝐅𝐚𝐬𝐭𝐞𝐫 𝐑𝐞𝐟𝐮𝐧𝐝𝐬 – How system-based processing, deemed acknowledgement and risk-based provisional refunds can bring greater speed and certainty to refund claims Fortune India ‣ 𝐂𝐫𝐞𝐝𝐢𝐭 𝐌𝐨𝐧𝐞𝐭𝐢𝐬𝐚𝐭𝐢𝐨𝐧 – Why unlocking accumulated ITC can improve liquidity, lower financing costs and support fresh investment and capacity expansion Read the Full Article for FREE! https://taxmann.social/ijOoQ [7 Mins | Read Time] Authored by: Karan Kakkar – Partner & Sachin Jain – Executive Director | Grant Thornton Bharat LLP #TaxmannUpdates #GSTRegime #GSTCouncil #GSTRefund #InputTaxCredit #ITCRefund #InvertedDutyStructure #WorkingCapital #Exporters #IndirectTax #GSTReforms
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#GST #Opinion The 57th GST Council’s refund proposals could mark a significant shift in the treatment of accumulated input ta
#GST #Opinion The 57th GST Council’s refund proposals could mark a significant shift in the treatment of accumulated input tax credit, moving businesses closer from mere credit accumulation towards actual credit monetisation. By widening refund eligibility and simplifying procedures, the reforms seek to release working capital locked in the GST system. Fortune India This article analyses the proposed expansion of the refund framework, its impact on inverted duty structures and exporters, and the potential liquidity benefits for businesses. ‣ 𝐈𝐧𝐩𝐮𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 – How extending inverted duty refunds to ITC on input services can reduce persistent credit accumulation, particularly in sectors such as pharma, textiles, footwear and FMCG Fortune India ‣ 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐨𝐨𝐝𝐬 – Why permitting refunds of credit relating to capital goods can release tax costs locked in plant and machinery, although the proposed recovery mechanism spreads the benefit over time Fortune India
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#IncomeTax #CaseLaw Key Takeaways from Taxmann's Case Digest: • Section 147A of the Income-tax Act, 1961, inserted retrospect
#IncomeTax #CaseLaw Key Takeaways from Taxmann's Case Digest: • Section 147A of the Income-tax Act, 1961, inserted retrospectively by the Finance Act, 2026, was held unconstitutional for violating the doctrine of separation of powers, as the legislature could not nullify judicial decisions without curing the underlying legal defects • Consequently, reassessment proceedings initiated by Jurisdictional Assessing Officers under Sections 148A and 148 were held to be without jurisdiction, as such proceedings were required to be conducted through the prescribed faceless mechanism; the impugned proceedings and orders were set aside Case Name: Bala Sreenivas Rao Somisetty v. Income-tax Officer Citation: [2026] 191 taxmann.com 325 (Andhra Pradesh) Read the High Court of Andhra Pradesh Judgment: https://taxmann.social/tjOi6 • Ninala Jayasurya & T.C.D. Sekhar, JJ. #TaxmannUpdates #Section147A #Reassessment #FacelessAssessment #AndhraPradeshHighCourt
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#WorldCorporateLawNews #CorporateLaw [New Column] World Corporate Law News is designed to inform you about the most significa
#WorldCorporateLawNews #CorporateLaw [New Column] World Corporate Law News is designed to inform you about the most significant global corporate, securities, competition, and banking law developments. This Week’s Highlights: ‣ 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐋𝐚𝐰 • SEC proposes expanding securities eligible for cross-trading by registered funds • Canadian securities regulators publish final amendments prohibiting chargebacks in investment fund distribution Explore the Full Column Now: https://taxmann.social/mjOus [5-Minute Read] Prepared by Taxmann’s Research & Editorial Team #TaxmannUpdates #USSEC #SecuritiesAndExchangeCommission #SECRegulations #CrossTrading #RegisteredFunds #InvestmentCompanyAct
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Your daily GST intelligence from Taxmann. https://taxmann.social/LjOy3 [Read Time: 5 mins] Track the latest rulings, statutor
Your daily GST intelligence from Taxmann. https://taxmann.social/LjOy3 [Read Time: 5 mins] Track the latest rulings, statutory changes, and practitioner-focused analysis—concise and reliable. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #GST #CGSTAct #GlobalIDTInsights #VAT
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#CBDT #Notification The CBDT has notified the Protocol amending the India-Mauritius Double Taxation Avoidance Agreement (DTAA
#CBDT #Notification The CBDT has notified the Protocol amending the India-Mauritius Double Taxation Avoidance Agreement (DTAA), signed on March 07, 2024, under section 159(1) of the Income-tax Act, 2025. The Protocol inserts a new Article 27B on Entitlement to Benefits, which denies treaty benefits where obtaining them was one of the principal purposes of an arrangement or transaction, unless granting them would be consistent with the object and purpose of the treaty. Read the Full Notification: https://taxmann.social/RjI69 #TaxmannUpdates #India #Mauritius #IncomeTaxAct #DTAA
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#IncomeTax #CaseLaw Challenge to Sec. 127 Transfer After Consenting to Centralization and Participating in Assessment Not Sustainable: HC Read the (Telangana) High Court Order: https://taxmann.social/cjI0L Citation: [2026] 190 taxmann.com 861 (Telangana) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section127
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#GSTN #Advisory GSTN Enables Filing of GSTR-9/9C for FY 2025-26 on the GST Portal Read the Full Advisory: https://taxmann.social/XjI1p 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #GSTR9
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#FEMA #CaseLaw Bail Granted in PMLA Case as Petitioner Was in Custody Over a Year, No Further Interrogation Was Needed, and Trial Was Unlikely Soon: HC Read the (Calcutta) High Court Order: https://taxmann.social/NjIMT Citation: [2026] 190 taxmann.com 873 (Calcutta) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #PMLA
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#GST #CaseLaw Uploading GST Order on Portal Under 'View Additional Notices and Orders' Held Valid Service as per Prior HC Rulings: HC Read the (Punjab & Haryana) High Court Order: https://taxmann.social/DjINo Citation: [2026] 190 taxmann.com 529 (Punjab & Haryana) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #GSTPortal
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#GST #CaseLaw Assignment of Leasehold Rights in GIDC Land Not Liable to GST as per Binding Gujarat HC View; Department Appeals Dismissed: GSTAT Read the (Surat) GSTAT Order: https://taxmann.social/8jIBo Citation: [2026] 191 taxmann.com 234 (GSTAT-SURAT) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #LeaseholdRights
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#IncomeTax #CaseLaw CSR Contribution Disallowance u/s 37(1) Does Not Preclude Independent 80G Deduction Claim if Conditions Met: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/ujIVF Citation: [2026] 190 taxmann.com 944 (Mumbai-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section80G
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#IncomeTax #CaseLaw Sec. 43CA(3) Applies as Part Consideration Received via Banking Before Sale Agreement; Stamp Value on Agreement Date to Be Adopted: ITAT Read the (Bangalore) Tribunal Order: https://taxmann.social/IjICj Citation: [2026] 190 taxmann.com 964 (Bangalore-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section43CA
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#GST #CaseLaw Printing Textbooks Treated as Supply of Printing Services Classifiable Under SAC 9989 Attracting 18% GST as Content Belonged to Customer and Own Inputs Used: AAR Read the (Maharashtra) AAR Proceedings: https://taxmann.social/WjIXE Citation: [2026] 187 taxmann.com 1091 (AAR-MAHARASHTRA) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #PrintingServices
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#GST #CaseLaw Works Contract Supply of MHADA Flats to Constitute Taxable Service as Consideration Included Additional FSI: AAR Read the (Maharashtra) AAR Proceedings: https://taxmann.social/AjIZY Citation: [2026] 187 taxmann.com 1086 (AAR-MAHARASHTRA) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #WorksContract
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#GlobalIDTInsights #IndirectTax [New Column] Global IDT Insights is designed to inform you about the most significant develop
#GlobalIDTInsights #IndirectTax   [New Column] Global IDT Insights is designed to inform you about the most significant developments in indirect taxes and VAT compliance worldwide. This week, we spotlight key updates shaping the global tax landscape: 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ‣ 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 • Australia updated guidance on correction of GST errors in business activity statement 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/ijILV [5 Mins | Read Time] Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦   #TaxmannUpdates #AustraliaGST #GSTCompliance #GSTErrors #BusinessActivityStatement #BASReporting #GSTAdjustments #TaxCompliance #AustralianTaxationOffice #ATO #InternationalTaxation
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‣ 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 – How streamlined registration, automated processes and simpler compliance can reduce administrative friction for businesses ‣ 𝐓𝐫𝐚𝐝𝐞 & 𝐄𝐱𝐩𝐨𝐫𝐭 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐨𝐧 – How reforms relating to movement of goods, e-commerce sellers and export of services aim to make GST more business-friendly Read the Full Article for FREE at https://taxmann.social/rjIKc [15 Mins | Read Time] Authored by: Krishan Arora – Partner, Indirect Tax and India Investment Advisory & Devika Dixit – Executive Director | Grant Thornton Bharat LLP #TaxmannUpdates #GSTRegime #GSTCouncil #GSTReforms #ITC #GSTRefund #Decriminalisation #TaxCompliance #EaseOfDoingBusiness #IndirectTax #ExportOfServices
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#GST #Opinion The 57th GST Council meeting signals a shift from rate rationalisation towards deeper process reform. The focus
#GST #Opinion The 57th GST Council meeting signals a shift from rate rationalisation towards deeper process reform. The focus is now on improving credit flow, accelerating refunds, simplifying compliance and making GST administration more predictable and less adversarial. This article analyses the key recommendations and how they could shape the next generation of GST reforms for businesses and taxpayers. ‣ 𝐈𝐓𝐂 𝐑𝐞𝐟𝐨𝐫𝐦𝐬 – How wider credit eligibility and proposed safeguards for genuine buyers can reduce blocked credits and improve tax neutrality ‣ 𝐅𝐚𝐬𝐭𝐞𝐫 𝐑𝐞𝐟𝐮𝐧𝐝𝐬 – Why greater automation, quicker processing and expanded refund eligibility can ease working-capital pressures ‣ 𝐃𝐞𝐜𝐫𝐢𝐦𝐢𝐧𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧 – How removal of arrest provisions, a higher prosecution threshold and lower general penalties seek to make GST enforcement more proportionate
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