The draft Master Circular consolidates all SEBI and IFSCA guidelines governing Broker Dealers and Clearing Members in IFSCs.

The Court ruled that PoK is part of India, making cross-LoC trade intra-state and taxable. GST notices were upheld, and ...

SEBI has classified REIT investments by Mutual Funds and SIFs as equity from January 2026. Existing debt-scheme holdings are grandfathered, with gradual divestment ...

Gujarat High Court held that recovery of interest amount which became due u/s. 50(1) of the CGST Act can be done only after issuance of intimation in Form GST DRC-01D. Accordingly, order quashed with ...

Punjab and Haryana High Court granted bail to the person accused in matter of bogus firms and passing of fraudulent Input Tax Credit under GST since claims are yet to be proved and accused has been in ...

Gujarat High Court held that since for the year under consideration, there is no retention of income but in fact there is a deficit of 7%, hence the question of denying the exemption under section 11 ...

ROC Chennai imposed reduced penalties after a company failed to disclose PAN and email IDs of allottees in a private ...

ROC Delhi penalised the company and officers for submitting FY 2022-23 financials without the Company Secretary’s signature, ...

Explains why ITC reversal is still mandatory when capital goods are exported and clarifies how Section 18(6) operates despite zero-rating ...

Gujarat High Court held that Explanation to section 73(1) of the Income Tax Act cannot be applied to loss on sale of shares which were acquired on conversion of partly convertible debentures. Hence, ...

Karnataka High Court held that passing of multiple adjudication orders under section 73(9) of the Karnataka Goods and Services Tax Act, 2017 [GST Act] for single tax period is impermissible in law and ...

Explains the updated reporting structure for ITC reclaimed in FY 2025–26, clarifying which tables apply for Rule 37/37A and other ...