The Ministry of Finance, Department of Economic Affairs, has notified the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2026 (“Amendment Rules”) vide notification dated 1 May 2026, thereby operationalizing the changes introduced through Press... Read More
Summary The Hon’ble Bombay High Court (‘the Court’) in the case of Tata Sons Pvt. Ltd. v. Union of India, has held that payment of damages and withdrawal of enforcement proceedings following an arbitral award, does not constitute ‘supply’ under GST law. Consequently,... Read More
The Hon’ble Bombay High Court (Nagpur Bench) (“High Court”) in the matter of D P Jain & Co. Infrastructure Private Limited v. Union of India & Ors. has held that a corporate guarantee issued without any consideration by a company on behalf of its related... Read More
Summary: The Hon’ble Bombay High Court (‘the Court’) has held that a second refund application under Section 54(1) of the CGST Act can be filed even where an earlier refund claim covered a broader period. This would be permissible where certain invoices or amounts... Read More
The Goods and Services Tax Network (GSTN) has recently issued an advisory addressing an issue observed in certain cases, wherein due to a technical glitch, the interest pertaining to the February 2026 period (reflected in the March 2026 GSTR-3B) may have been... Read More
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