Taxation and Legal Insights

India Reviews Pharma-Grade Sugar Export Quotas Amid Underutilization Concerns

India's DGFT reviews pharma-grade sugar export quotas for 2026-27, reallocating unused portions to boost utilization and market access.

Prasenjit Bhowmik May 23, 2026

Taxation and Legal Insights

AI Redefines GST Compliance: How Tax Firms Are Deploying GenAI and RAG Tools in 2026

Discover how tax firms are using GenAI and RAG in 2026 to revolutionize GST compliance, boosting accuracy and efficiency.

Prasenjit Bhowmik May 23, 2026

Taxation and Legal Insights

GST Refund Bottlenecks: Exporters Navigate Challenges of Standardised Annexure-B and Automated Adjudication

The Goods and Services Tax Network (GSTN) has deployed a standardized Annexure-B offline utility across India, fundamentally altering how exporters and tax professionals claim Input Tax Credit (ITC) refunds. This…

Prasenjit Bhowmik May 23, 2026

Taxation and Legal Insights

No TDS on Mediated Land Acquisition Settlements, Rules Karnataka High Court

Karnataka High Court rules no TDS on compensation from mediated land acquisition settlements, clarifying tax-exempt status for landowners.

Prasenjit Bhowmik May 22, 2026

Taxation and Legal Insights

Past GST Cancellation Cannot Justify Customs Broker License Revocation, Rules CESTAT Delhi

CESTAT Delhi clarifies customs broker liability, ruling past GST cancellation cannot revoke licenses if clients had valid GST.

Prasenjit Bhowmik May 22, 2026

Taxation and Legal Insights

Gujarat High Court Rules Cotton Seed Oil Cake Eligible for GST Refund as Exempt Cattle Feed

The Gujarat High Court recently ruled that Goods and Services Tax (GST) paid on cotton seed oil cake must be refunded to manufacturers and traders, declaring that the product qualifies…

Prasenjit Bhowmik May 22, 2026

Taxation and Legal Insights

Andhra Pradesh High Court Curbs Transit-State GST Officers’ Power to Detain Inter-State Goods

In a landmark decision aimed at streamlining interstate trade, the Andhra Pradesh High Court has ruled that Goods and Services Tax (GST) officers of a transit state lack the jurisdiction…

Prasenjit Bhowmik May 22, 2026

Taxation and Legal Insights

SAFEMA Tribunal Rules Demonetized Cash Routed Through Third-Party Accounts Qualifies as Benami Property

SAFEMA Tribunal declares demonetized cash routed through third-party accounts as benami property, bolstering India's anti-money laundering efforts.

Prasenjit Bhowmik May 22, 2026

Taxation and Legal Insights

Indian Finance Ministry Approves Aadhaar Authentication for Select NBFCs to Boost PMLA Compliance

India's Finance Ministry allows select NBFCs to use Aadhaar for customer authentication, enhancing PMLA compliance and streamlining onboarding securely.

Prasenjit Bhowmik May 22, 2026

Taxation and Legal Insights

GSTAT Upholds Anti-Profiteering Ruling Against Real Estate Developer Over Unpassed ITC Benefits

GSTAT upholds a major anti-profiteering ruling against a real estate developer for failing to pass on ITC benefits to homebuyers, ordering refunds and...

Prasenjit Bhowmik May 22, 2026