GST
18% GST to Apply Uniformly on Small Cars, Concession for PWOPD Discontinued [READ CLARIFICATION]
The Ministry of Finance has clarified the position regarding concessional GST rates and purchase of vehicles by Persons with Orthopaedic Physical Disability (PWOPD).The same...
GST
Facing ‘System Failure’ or ‘Schema Validation Failed’ Errors While Filing GSTR-7? Here’s What You Can Do
Taxpayers filing GSTR-7 have reported persistent issues on the GST portal, encountering messages such as “System Failure” or “Schema Validation Failed” while attempting to...
Company & PMLA
Relief for Exporter in Case Involving ED, Customs Over Unrealised Export Proceeds: Madras High Court Quashes FERA Penalty
The Madras High Court has set aside penalties imposed by the Enforcement Directorate (ED) under the repealed Foreign Exchange Regulation Act (FERA), 1973, after...
Indirect Taxes
SCN Issued After Application Can’t Bar Advance Ruling: HC Quashes Customs Orders On Apple Watch Classification Dispute
The Bombay High Court has held that show-cause notice issued after application cannot bar Advance Ruling; sets aside Customs orders on Apple Watch Bands...
Indirect Taxes
Customs Dept. To Refund Rs. 2.94 Lakh Wrongly Recovered from Exporter: Bombay High Court Slams Officials For PAN Error
The Bombay High Court has directed the Customs Department to refund Rs. 2,94,206 with 9% interest to a Mumbai-based exporter after finding that the...
Notification
How Will NRI Be Benefitted With The New RBI’s Notification
In a move aimed at deepening regional financial cooperation and promoting the internationalisation of the Indian rupee, the Reserve Bank of India (RBI) has...
Notification
FinMin Expands Customs Exemptions for Defence Equipment
The Ministry of Finance has issued Notification No. 37/2025-Customs, dated September 17, 2025, amending its earlier Notification No. 50/2019-Customs, which was originally issued on...
Direct Tax
Manually Filed Appeal by NRI Must Be Treated as Pending Under DTVSV Scheme, 2024: Gujarat High Court
The Gujarat High Court has held that an appeal manually filed by a Non-Resident Indian (NRI) must be treated as a “pending appeal” for...