Taxmann Professionals

#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: ‣ 𝐂𝐡𝐢𝐧𝐚 • China implements enhanced departure tax refund measures for tourists. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/qhLee [2-Minute Read] Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦   #TaxmannUpdates #GST #VAT #China

‣ 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 – The ruling reshapes compliance, pricing and business models for online gaming, fantasy sports and casinos   Read the Full Article for FREE! https://taxmann.social/8hLqs [10 Mins | Read Time] Authored by: CA Kishore Harjani – Lead-GST & CA Divya Jain – Assistant Manager | Taxmann Research & Development #TaxmannUpdates #GSTOnOnlineGaming #OnlineMoneyGaming #GSTUpdates

#GST #Opinion   The Supreme Court has finally settled one of the biggest GST controversies in India’s online gaming sector. In Directorate General of GST Intelligence v. Gameskraft Technologies Pvt. Ltd., the Court held that GST is leviable on the full-face value of bets or stakes placed by players, and not merely on the platform fee or Gross Gaming Revenue retained by gaming operators. ‣ 𝐒𝐭𝐚𝐤𝐞𝐬 𝐎𝐯𝐞𝐫 𝐒𝐤𝐢𝐥𝐥 – For GST purposes, the decisive factor is whether money is staked on an uncertain outcome, not whether the game involves skill or chance ‣ 𝐂𝐡𝐚𝐧𝐜𝐞 𝐭𝐨 𝐖𝐢𝐧 𝐚𝐬 𝐆𝐨𝐨𝐝𝐬 – The Court treated the player’s chance to win as an actionable claim taxable as goods ‣ 𝐎𝐩𝐞𝐫𝐚𝐭𝐨𝐫 𝐚𝐬 𝐒𝐮𝐩𝐩𝐥𝐢𝐞𝐫 – Gaming platforms were held to be suppliers of the chance to win, not merely intermediaries ‣ 𝐅𝐮𝐥𝐥-𝐕𝐚𝐥𝐮𝐞 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 – GST applies on the entire amount deposited or staked, without deduction for winnings or payouts

This week’s highlights with expert insights across Tax | Corporate Laws | Accounting. https://taxmann.social/FhKNT [Read Time: 15 mins] Each report is distilled into practical takeaways—so you never miss what matters. Join us on a weekly journey, where every report from taxmann.com is transformed into insightful, accessible knowledge, ensuring you never miss out on what truly matters. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #LTCG #AIF #ITAT #Funds#CIT #CIRP #CoC #CIRP #CGST #GST #ITC #GSTR

Section-wise updates on Tax | Corporate Laws | Accounting at your fingertips! https://taxmann.social/xhKt4 [Read Time: 25 mins] Experience a seamless synthesis of Statutes | Judgments | Opinions in: ✅ A Single Line for a ‘Snapshot ✅ A Three-line ‘Depth’ Summary ✅ Source Documents Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #IncomeTaxAct #CGST #SGST #SEBI #CompaniesAct #FEMA #Insolvency #LabourLaws #GRATUITY

#IncomeTax #CaseLaw Service of Notice Solely Through ITBA Portal Invalid Under Sec. 282(1) Read With Rule 127(1); Matter Remanded: ITAT Read the (Chennai) Tribunal Order: https://taxmann.social/NhJKf Citation: [2026] 187 taxmann.com 426 (Chennai - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITBA

#GST #CaseLaw ITC Denial on Retrospective Supplier GST Cancellation Set Aside; Authority Directed to Reconsider Claim Afresh: HC Read the (Calcutta) High Court Order: https://taxmann.social/AhJJB Citation: [2026] 186 taxmann.com 1274 (Calcutta) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITC

#GST #CaseLaw Assessment Order Quashed as ITC Head-Wise Utilisation Not Erroneous as per Binding Precedent: HC Read the (Kerala) High Court Order: https://taxmann.social/zhJH9 Citation: [2026] 186 taxmann.com 1112 (Kerala) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITC

#LabourLaw #Notification Govt. Delegates Power to Appoint Verification Officers Under the Industrial Relations Code Read the Full Notification: https://taxmann.social/uhJGZ 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #RelationsCode

#SEBI #Circular SEBI Extends Timeline for SBU Framework and Net Worth Compliance for Merchant Bankers Read the Full SEBI Circular: https://taxmann.social/MhJFo 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #MerchantBankers

#SEBILaw #Update SEBI Proposes Harmonised Price Band Framework for Multi-Listed Scrips Read the Full SEBI Document: https://taxmann.social/ohJDe 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #StockExchanges

#InternationalTaxation #CaseLaw Receipts From Feeder Vessels Held Exempt Under Article 8 of the India–Germany DTAA, Not Taxable Under Sec. 44B: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/YhJS9 Citation: [2026] 187 taxmann.com 405 (Mumbai-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #DTAA

#InternationalTaxation #CaseLaw AO to Verify Whether Software Sales Involved Copyright Transfer Before Taxing Receipts as Royalty Under DTAA: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/yhJAf Citation: [2026] 187 taxmann.com 345 (Mumbai-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #AO

#IncomeTax #CaseLaw Exemption Under Sec. 10(23FBA) Allowable as NCD Processing Fee Formed Part of Category II AIF's Investment Return: ITAT Read the (Chennai) Tribunal Order: https://taxmann.social/nhJPP Citation: [2026] 187 taxmann.com 347 (Chennai-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #NCD

#InsolvencyLaw #CaseLaw Once 60-Day IBC Period and 28-Day SCR Re-Filing Window Lapse, Right to Appeal Stands Extinguished: SC Read The Full Supreme Court Order Here: https://taxmann.social/AhJbr Citation: [2026] 187 taxmann.com 327 (SC) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #CGST

#GST #CaseLaw Penalty Under Sec. 122(1A) of the CGST Act Upheld on Partners as Natural Persons for Evasion Benefiting Them: HC Read The (Gauhati) High Court Order: https://taxmann.social/bhJvQ Citation: [2026] 187 taxmann.com 394 (Gauhati) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #CGST

#GST #CaseLaw Section 6(2)(b) GST Bar Inapplicable as No Prior State Proceeding Existed Before CGST Action: HC Read the (Rajasthan) High Court Order: https://taxmann.social/UhJc2 Citation: [2026] 187 taxmann.com 385 (Rajasthan) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #CGST

Empowering informed corporate-law decisions. Curated updates, incisive analysis, and primary sources—built for corporate, compliance, and legal teams. https://taxmann.social/dhJ1A [Read Time: 05 mins] Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #RBI #SEBI #AMC #CIRP #COC #IBBI #BCBS