Taxmann Professionals

Like it? Buy now with Free Expedited Shipping & get a Limited Period Discount! https://taxmann.social/ahHgb #TaxmannBooks #TaxmannUpdates #FinanceAct2026 #GST #GSTLaw #CGST #IGST #GSTManual #IndirectTax

#GlobalFinancialInsights #Accounting #Auditing [𝐍𝐞𝐰 𝐂𝐨𝐥𝐮𝐦𝐧] 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 is designed to inform you about the most significant global developments in financial reporting and auditing practices. 𝐇𝐞𝐫𝐞'𝐬 𝐚 𝐆𝐥𝐢𝐦𝐩𝐬𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ‣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 (𝐅𝐑𝐂) • FRC sanctions public accounting firm and engagement partner for deficiencies in audit of listed retailer ‣ 𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐁𝐨𝐚𝐫𝐝 (𝐈𝐒𝐒𝐁) • ISSB invites feedback on proposed amendments to SASB Standards and IFRS S2 Industry-based Guidance 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/lh3RR [3-Minute Read] Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦 #TaxmannUpdates #FRC #ISSB #Auditor

#GST #Opinion Are Active Pharmaceutical Ingredients taxable as medicines or ordinary chemicals under IGST? This article analyses the Customs Authority for Advance Rulings, Mumbai’s ruling in Cipla Ltd., where it was held that APIs and bulk drugs qualify as “drugs and medicines” and are eligible for concessional 5% IGST, even if they are classified under the chemicals chapters of the Customs Tariff. ‣ 𝐂𝐨𝐫𝐞 𝐈𝐬𝐬𝐮𝐞 – Whether APIs should be taxed as medicines at 5% IGST or as chemicals at a higher rate ‣ 𝐂𝐀𝐀𝐑’𝐬 𝐕𝐢𝐞𝐰 – APIs and bulk drugs are statutorily recognised as drugs under India’s drug regulatory framework ‣ 𝐂𝐡𝐚𝐩𝐭𝐞𝐫 𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 – Classification under Chapters 28 or 29 does not deny the benefit, as the notification applies to “Chapter 30 or any Chapter” ‣ 𝐏𝐮𝐫𝐩𝐨𝐬𝐞 𝐨𝐟 𝐈𝐦𝐩𝐨𝐫𝐭 – APIs imported for manufacturing, testing, clinical trials or bioequivalence studies retain their character as drugs ‣ 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐦𝐩𝐚𝐜𝐭 – The ruling may reduce classification disputes, lower import costs and bring greater certainty for pharmaceutical companies The ruling carries strong persuasive value for the pharma sector and reinforces a key principle: the medicine inside the medicine should be taxed like medicine. Read the Full Article for FREE! https://taxmann.social/qh3Ea [5 Mins | Read Time] Authored by: CA Kishore Harjani – Lead-GST | Taxmann Research & Development, Tassu Sharma – Industrial Trainee | Taxmann #TaxmannUpdates #CAAR #Medicine #Cipla #HighCourt

#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 • DFSA proposes significant updates to its Collective Investment Fund Framework • ASIC seeks feedback on remaking financial markets relief instruments   Explore the Full Column Now: https://taxmann.social/Uh3Qp [4-Minute Read] Prepared by Taxmann’s Research & Editorial Team   #TaxmannUpdates #SEC #ASIC #DFSA #Dubai

#GST #Case Laws Adjudication Order Set Aside as Authority Failed to Examine Export Service Status and LUT for Refund Claim: HC Read The Full (Karnataka) High Court Order Here: https://taxmann.social/dh9Ye Citation: [2026] 188 taxmann.com 140 (Karnataka) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #HighCourt

#GST #CaseLaw GST Registration to Be Restored on Filing Pending Returns, Payment of Dues, and Compliance With Rule 22(4): HC Read The Full (Gauhati) High Court Order Here: https://taxmann.social/3h9IN Citation: [2026] 188 taxmann.com 159 (Gauhati) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #CGST

#IncomeTax #CaseLaw TP Adjustment on Royalty Deleted as Assessee Proved Receipt of Services, Commercial Benefit and Arm's Length Price Under CUP: ITAT Read The Full (Kolkata) Tribunal Order Here: https://taxmann.social/ph9Fp Citation: [2026] 187 taxmann.com 462 (Kolkata - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITAT

#Labour Law #CaseLaw Workman Entitled to Regularization as Chowkidar With Salary From 01.04.2008 as 8-Year Service Requirement Met: HC Read the (H.P.) High Court Order: https://taxmann.social/Ch9Og Citation: [2026] 187 taxmann.com 944 (Himachal Pradesh) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #HighCourt

Make every day count with Taxmann Daily. https://taxmann.social/8h3lB [Read Time: 03 mins] Stay current on the most significant developments across tax and allied laws—authoritative, succinct, actionable. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #IncomeTax #TransferPricing #ITAT #DTAA #CBDT #NCCL

#TaxmannWebinar #LabourCodesInIndia   Register Now for Taxmann.com Secondments—Decoding Tax Controversies | From Reimbursements to PE Risk 📅 14th July 2026 (Tuesday) | 5:00 PM – 6:00 PM (IST) 💻 Register Now for FREE! (Limited Slots Available) at https://taxmann.social/jh9Cy   📢 Speaker: Mr Jimit Devani – Partner | Deloitte India Jimit is a Partner at Deloitte India Tax with over 24 years of experience in direct tax and international tax advisory. He is a Chartered Accountant and holds master’s degrees in Law and Commerce. He advises clients across sectors such as infrastructure, manufacturing, agro-chemicals, consumer business, and education. His areas of expertise include inbound and outbound tax planning, corporate restructuring, tax treaty advisory, exchange control matters, Permanent Establishment issues, and international tax developments, including BEPS-related aspects. Jimit is also actively involved in thought leadership, regularly speaking at tax conferences, contributing to professional publications, and authoring chapters in books on international taxation and EPC contracts. Ms Dhruvi Makwana – Manager | Deloitte India Dhruvi is a rank-holder Chartered Accountant with over 5 years of experience in direct tax, international tax, and Indian exchange control matters. She advises clients across sectors such as infrastructure, energy, oil and gas, and consumer business. Her areas of expertise include tax treaty advisory, Permanent Establishment issues, corporate restructuring, indirect transfers, inbound and outbound international tax planning, GCC-related advisory, and domestic corporate tax matters.     Key Learnings: ✔️ Concept of Secondment vs Deputation ✔️ Reimbursements vs Fees for Technical Services ✔️ Cost-to-Cost Reimbursements vs Mark-Up Arrangements ✔️ Interplay between Secondment Arrangements & Permanent Establishment Exposure ✔️ Key Principles Emerging from Judicial Precedents ✔️ Way Forward & Practical Next Steps ✔️ Live Questions & Answers Session     📋 Relevant For: * MNCs including GCCs * Indian subsidiaries of MNCs * Chartered Accountants * Lawyers * Revenue Officers * Judiciaries #TaxmannUpdates #TaxmannLearning #InternationalTaxation

#GST #CaseLaw Provisional Attachment of Bank A/c Lapses After One Year; Fresh Order Barred on Same Cause: HC Read The Full (Karnataka) High Court Order Here: https://taxmann.social/dh9Ye Citation: [2026] 188 taxmann.com 126 (Karnataka) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ProvisionalAttachment

#IncomeTax #CaseLaw Allotment Letter Not Valid as Agreement for Sec. 56(2)(x)(b)(B) Stamp Duty Benefit: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/vh9TF Citation: [2026] 187 taxmann.com 864 (Mumbai - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #AllotmentLetter

#IncomeTax #CaseLaw Deduction u/s 36(1)(viia) to Be Computed on Aggregate Rural Advances and Total Income Including Overseas Profits: ITAT Read The Full (Bangalore) Tribunal Order Here: https://taxmann.social/1h9RL Citation: [2026] 187 taxmann.com 630 (Bangalore - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITAT

#IncomeTax #CaseLaw CIT(E) Can't Reject Sec. 12AB Renewal on Grounds Already Settled by ITAT Absent Stay of Its Order: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/qh9EF Citation: [2026] 187 taxmann.com 865 (Mumbai - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #CIT

#IncomeTax #Opinion The Common Man, the Middle Class & Direct Taxation in 2026: Relief, Realities & the Road Ahead Read the Full Article for FREE! https://taxmann.social/wh9vs [12 Mins | Read Time] Authored By: Shashwat Anand – Advocate & Rajesh G. Inamdar – Advocate-on-Record | Supreme Court of India 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #DirectTaxation

#GST #Opinion A Comprehensive Analysis of Section 74A: The Unified Demand Mechanism Under GST Read the Full Article for FREE! https://taxmann.social/Nh9cU [7 Mins | Read Time] Authored By: Disha Vasant Mange – Senior Associate | Vishal Shethiya & Associates, Chartered Accountants 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section74A