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Register Now for Taxmann.com | Learning—Webinar | Understanding Departmental Actions & Judicial Pronouncements under ...
14/08/2025



Register Now for Taxmann.com | Learning—Webinar | Understanding
Departmental Actions & Judicial Pronouncements under GST
📅 20th August 2025 (Wednesday) | 🕒 5:00 PM – 6:00 PM (IST)
💻 Register Now for FREE! (Limited Slots Available): https://taxmann.social/pdAAz

📋 Coverage of the Webinar:
✔️ Breach of Principles of Natural Justice
✔️ Prejudicial Actions by the Revenue, Including Denial of Access to Evidence and Cross-Examination
✔️ Initiation of Multiple Proceedings by the Tax Authorities
✔️ Critical Issues Concerning the Export of Goods and Services
✔️ Tax Demands Arising from Errors in Return Filing
✔️ Mandatory Pre-Deposit Requirements for Filing Appeals
✔️ Eligibility of Input Tax Credit (ITC) on Construction-Related Expenses
✔️ Challenges Related to Processing and Granting of Refunds
✔️ Consequences of Delayed Filing of Appeals
✔️ Use of the Extended Period of Limitation by Authorities
✔️ Other Significant Legal and Procedural Concerns
📢 Speaker:
• Abhay Desai – Founder | Desai Legal
Mr Desai is a distinguished legal professional with a robust academic foundation and extensive experience in taxation As a Partner at Desai Legal, he advises and represents clients across various forums, including the Supreme Court of India. He has been instrumental in securing several reported judgments in the area of indirect taxation.
📋 Relevant For:
• Chartered Accountants
• Company Secretaries
• Cost and Management Accountants
• Chief Financial Officers
• Lawyers
• Tax Practitioners
• Tax Heads
• Tax Managers
• Tax Officers

Make Every Day Count with Taxmann Daily! https://taxmann.social/ldADR [17 Mins | Read Time] The crux of the most signifi...
14/08/2025

Make Every Day Count with Taxmann Daily! https://taxmann.social/ldADR [17 Mins | Read Time]

The crux of the most significant tax developments ensures you're not just updated but fully equipped to handle the intricacies easily

Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

With an objective to internationalise the Indian Rupee and facilitate cross-border trade settlements in INR, the Reserv...
13/08/2025



With an objective to internationalise the Indian Rupee and facilitate cross-border trade settlements in INR, the Reserve Bank has allowed opening of Special Rupee Vostro Accounts (SRVAs), now such banks can open these accounts for their overseas correspondent banks without referring to the Reserve Bank for prior approval.

𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
‣ 𝐍𝐨 𝐏𝐫𝐢𝐨𝐫 𝐀𝐩𝐩𝐫𝐨𝐯𝐚𝐥 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝: AD banks can now open SRVAs directly for facilitating INR settlements in eligible cross-border trade transactions.
‣ 𝐏𝐮𝐫𝐩𝐨𝐬𝐞: To enable seamless settlement of import/export transactions in INR through correspondent banking arrangements.
‣ 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐎𝐯𝐞𝐫𝐬𝐢𝐠𝐡𝐭: While prior approval is waived, banks must still ensure compliance with FEMA provisions and RBI guidelines.

For Detailed Guidelines on Opening of Special Rupee Vostro Accounts (SRVAs), Visit: https://taxmann.social/OdAed
𝑇ℎ𝑖𝑠 𝑐𝑜𝑛𝑡𝑒𝑛𝑡 𝑖𝑠 𝑏𝑟𝑜𝑢𝑔ℎ𝑡 𝑡𝑜 𝑦𝑜𝑢 𝑏𝑦 𝑇𝑎𝑥𝑚𝑎𝑛𝑛.𝑐𝑜𝑚 | 𝑃𝑟𝑎𝑐𝑡𝑖𝑐𝑒

[New Column] World Corporate Law News is designed to inform you about the most significant global corporate, securiti...
13/08/2025



[New Column] World Corporate Law News is designed to inform you about the most significant global corporate, securities, competition, and banking law developments.

𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤’𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
‣ 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐋𝐚𝐰
• ASIC proposes to remake relief instrument for managed investment product consideration

Explore the Full Column Now: https://taxmann.social/WdAsO [1-Minute Read]
Prepared by Taxmann’s Research & Editorial Team

Your Insights and Expertise on GST from Taxmann! https://taxmann.social/ZdAyT [4 Mins | Read Time] Explore the intricaci...
13/08/2025

Your Insights and Expertise on GST from Taxmann! https://taxmann.social/ZdAyT [4 Mins | Read Time]

Explore the intricacies of GST with our daily newsletter, designed to keep you well-informed of the latest developments

Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

The Authentic & Updated Compendium of the RBI’s Directions & Guidelines Governing Various NBFCs in IndiaLook inside the ...
13/08/2025

The Authentic & Updated Compendium of the RBI’s Directions & Guidelines Governing Various NBFCs in India

Look inside the book here: https://taxmann.social/ndPTb

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/rdEXB

Key Takeaways from Taxmann's Case Digest:• In view of the divergent opinions expressed by the judges of the Supreme C...
13/08/2025



Key Takeaways from Taxmann's Case Digest:
• In view of the divergent opinions expressed by the judges of the Supreme Court on the important question of whether the time taken for the Dispute Resolution Panel (DRP) process under section 144C should be subsumed within, or excluded from, the limitation period prescribed under section 153 for completing an assessment,
• it was decided that the matters would be placed before the Hon’ble Chief Justice of India for the purpose of constituting an appropriate Bench to examine and consider the issues afresh.

Case Name: Assistant Commissioner of Income-tax (International Taxation) v. Shelf Drilling Ron Tappmeyer Ltd.
Citation: [2025] 177 taxmann.com 262 (SC)
Read the Supreme Court Judgement: https://taxmann.social/UdO32

• B.V. Nagarathna and Satish Chandra Sharma, JJ.

Make Every Day Count with Taxmann Daily! https://taxmann.social/vdPLB [12 Mins | Read Time] The crux of the most signifi...
12/08/2025

Make Every Day Count with Taxmann Daily! https://taxmann.social/vdPLB [12 Mins | Read Time]

The crux of the most significant tax developments ensures you're not just updated but fully equipped to handle the intricacies easily.

Join our Community of over 1,00,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

On 11th August 2025, the Lok Sabha passed the Taxation Laws (Amendment) Bill, 2025, amending the Income-tax Act, 1961...
12/08/2025



On 11th August 2025, the Lok Sabha passed the Taxation Laws (Amendment) Bill, 2025, amending the Income-tax Act, 1961.

The Bill introduced changes aimed to provide tax relief to Unified Pension Scheme subscribers, streamline block assessment proceedings, extend the higher standard deduction in the new tax regime, and widen exemptions for foreign sovereign funds.

Key Amendments –
‣ Unified Pension Scheme (UPS) – New exemptions for payouts under UPS & clarity on taxation of withdrawals
‣ Block Assessments – Any proceedings started after a search but before the block assessment order will also abate
‣ Higher Standard Deduction – ₹75,000 deduction now available for AY 2026–27 in the new tax regime
‣ Saudi PIF Exemption – Section 10(23FE) benefits extended to Saudi Arabia’s Public Investment Fund & subsidiaries

Download/Read More: https://taxmann.social/TdPUI [10 Mins | Read Time]
Authored by Taxmann's Advisory & Research Team [Income Tax]

[New Column] Global IDT Insights is designed to inform you about the most significant developments in indirect taxes...
12/08/2025



[New Column] Global IDT Insights is designed to inform you about the most significant developments in indirect taxes and VAT compliance worldwide. This week, we spotlight key updates shaping the global tax landscape.

𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
‣ 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬
• The United States announced an additional 25% ad valorem duty on certain goods imported from India
‣ 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐓𝐚𝐱 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲
• The Federal Tax Authority (FTA) of UAE has issued an official update outlining the latest figures and developments related to its digital VAT refund schemes for the first half of 2025

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/WdPET [2-Minute Read]
Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦

Register Now for Taxmann.com | Learning—Workshop – Advanced Classification in GST – Principles | Pitfalls | Case Law...
12/08/2025



Register Now for Taxmann.com | Learning—Workshop – Advanced Classification in GST – Principles | Pitfalls | Case Laws
1 Speaker | 2 Sessions | 300 Minutes

📅 30th August 2025 (Saturday) | 12:00 PM – 2:30 PM (IST)
📅 31st August 2025 (Sunday) | 12:00 PM – 2:30 PM (IST)

Fees: 2,999/- (Taxes Extra)
💻 Register Now! (Limited Slots Available): https://taxmann.social/UdPmB

📢 Faculty:
• CA. A Jatin Christopher – Partner | JCSS & Associates
Jatin is a multi-disciplinary professional—Chartered Accountant, Cost Accountant, and law graduate—who has specialised in indirect tax laws since qualifying in 1996.

Key Learnings:
✔️ Rules of Interpretation under the Customs Tariff and GST Framework
✔️ Core Principles of Tariff Classification for Goods and Services
✔️ Explanatory Notes to the Scheme of Classification – Purpose and Practical Use
✔️ Distinction Between Accounting Classification and Tariff Classification
✔️ Analysis of Landmark Judicial Rulings on Classification Principles
✔️ Interactive Q&A Session

Benefits to Participants:
✔️ In-depth Understanding of the Classification Principles
✔️ Complimentary Access to the GST Module of Taxmann.com | Research for One Month
✔️ Complimentary Virtual Access to 'Classification of Goods and Services under GST/Customs & other Indirect Tax Laws' by CA. Kishore Harjani for One Month
✔️ Opportunity to Consult with CA. A Jatin Christopher
✔️ Get Replies to your Queries
✔️ Certificate of Participation

📋 Relevant For:
• Cost and Management Accountants
• Chartered Accountants
• Company Secretaries
• Lawyers
• Tax Professionals
• Revenue Officers

This article discusses how the grandfathering provision under Section 112 impacts the calculation of long-term capita...
11/08/2025



This article discusses how the grandfathering provision under Section 112 impacts the calculation of long-term capital gains and surcharge, clarifying that while it reduces tax liability, it does not alter the method of computing total income—often resulting in surcharge being levied despite opting for the seemingly favourable tax option.

Read the Full Article for FREE! https://taxmann.social/GdPy1 [5 Mins | Read Time]
Authored by: CA Rahul Singh – Senior Manager | Taxmann's Advisory and Research Team

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