CAclubindia Articles
Violation Of Rule 92 Renders Refund Rejection Void (Non-Est) - Bombay High Court
01 May 2026
48 Views
Bombay High Court rules refund rejection without deficiency memo or hearing under Rule 92 is void ab initio. Limitation cannot override taxpayer’s substantive rights in GST refund cases.
Why Cyprus Holding Companies Are More Resilient Than Ever in 2026
Explore Cyprus' 2026 tax reforms and their impact on holding companies. Learn about the corporate tax hike to 15%, abolition of deemed dividend distribution, reduced SDC, extended loss carry-forward and continued benefits like participation exemption and tax-free dividends for non-residents plus key FDI and substance compliance insights for global investors.
Penalty-Only GST Orders? Pre-Deposit Rules under Section 112(8) Explained
01 May 2026
1598 Views
Understand GSTAT appeal pre-deposit rules under Sections 112(8) & 112(9) of the CGST Act. Learn calculation of admitted amount, disputed tax, penalty-only cases and automatic stay of recovery with practical examples.
Machinery Seizure & EPCG Default: Landmark Ruling by CESTAT Hyderabad Bench
The M/s Sri Havisha Hospitality & Infrastructure Ltd vs Commissioner of Customs, Hyderabad ruling by CESTAT Hyderabad clarifies that export obligation failure under EPCG due to machinery seizure is an act of impossibility not willful default impacting penalties, confiscation, and duty computation.
ICFR Implementation: Practical Challenges in Achieving Operating Effectiveness
A comprehensive analysis of Internal Financial Controls over Financial Reporting (ICFR) under the Companies Act, 2013. Explore key deficiencies, audit insights, ICAI guidance and practical strategies to strengthen control design and effectiveness.
New Tax Rules With Major Banking Updates: You Must Know These Changes in May 2026
30 April 2026
2082 Views
New tax rules from April 2026 bring major updates in financial activities. If you have missed it in April, you must know these updates in May 2026 to stay compliant and avoid tax issues.
University Affiliation Under GST: Not A Supply, But A Statutory Function
30 April 2026
73 Views
Explore how the University of Mumbai v. Union of India & Others ruling redefines GST boundaries, holding that statutory, non-commercial functions like university affiliation cannot be taxed without a valid taxable event, reinforcing constitutional limits under Article 265.
Fractional Ownership Platforms (FOPs) and GST Products, Services, or Neither? A Critical Examination
India's fractional ownership boom meets GST uncertainty - This article unpacks SM REIT taxation across each transaction layer, highlighting key risks, ITC reversal traps and unresolved legal grey areas demanding urgent CBIC clarity.
Why TDS Compliance Has an Auditability Problem And Why Nobody Is Talking About It
A Section 201 notice can expose gaps in your TDS compliance - ERPs record outcomes, not decisions. Discover why reconstructing "why" behind deductions is costly, and how capturing decision logic at payment time makes compliance provable, audit-ready and notice-proof.
One Form That Can Replace Senior Citizen ITR in 2026
No ITR filing for senior citizens - Form 125 under Income Tax Act 2025 makes it possible. Know the eligibility, new changes and important compliance rules.
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