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Judicial Corner : Mechanical ITC Reversal for Supplier Default  Section 16(2)(c) {Shaurya Alloys Pvt. Ltd. & Ors. v. State of Punjab & Another & connected matters CWP-34296-2024 (O&M) 2026 LLBiz HC(P&H) 58} (03.10.2026)

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Mechanical ITC Reversal for Supplier Default  Section 16(2)(c) {Shaurya Alloys Pvt. Ltd. & Ors. v. State of Punjab & Another & connected matters CWP-34296-2024 (O&M) 2026 LLBiz HC(P&H) 58} Facts: A batch of 424 writ petitions was filed by purchasing dealers whose ITC was denied/reversed because their suppliers had failed to deposit GST, filed nil/short …

Judicial Corner : Mechanical ITC Reversal for Supplier Default  Section 16(2)(c) {Shaurya Alloys Pvt. Ltd. & Ors. v. State of Punjab & Another & connected matters CWP-34296-2024 (O&M) 2026 LLBiz HC(P&H) 58} (03.10.2026) Read More »

rticle on ‘ THE POWER DISTANCE INDEX – CULTTURAL ACCEPTANCE OF AUTHORITY AND ORGANISATIONAL BAHAVIOUR’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd. ( October 2026)

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Introduction: Hierarchy is not merely an organisational arrangement in India. It is more often a social language in India’s corporate scene. We know how hierarchy influences organisational performance in India’s corporate governance.  It influences how people address one another, how decisions travel through an institution, who speaks in meetings, how disagreements are expressed and above …

rticle on ‘ THE POWER DISTANCE INDEX – CULTTURAL ACCEPTANCE OF AUTHORITY AND ORGANISATIONAL BAHAVIOUR’, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd. ( October 2026) Read More »

Note on ‘FEMA Export & Import of Goods & Services Regulations 2026 effective from 1st Oct 2026’, CS Anita Patil, Sr. Advisior, Bizsolindia Services Pvt Ltd. (October 2026)

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Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 including amendments thereof effective from 1st Oct 2026: Time period for realization of exports: Particulars FEMA Realization Period   Prior to 1st Oct 2026 w.e.f. 1st Oct 2026 Export of Goods 15 Months 9 Months: from the date of shipment in case of …

Note on ‘FEMA Export & Import of Goods & Services Regulations 2026 effective from 1st Oct 2026’, CS Anita Patil, Sr. Advisior, Bizsolindia Services Pvt Ltd. (October 2026) Read More »

Note for ‘Trade & Industry : Major Changes Effected from October 2026’,by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (October 2026)

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Kindly note important changes which need your immediate attention : Trade and Industry should take the note of major changes effected and made applicable and need focus in the month of October : Provident Fund : Salary needs to be calculated for the month of Sept 2026 to be paid on or before 7th October …

Note for ‘Trade & Industry : Major Changes Effected from October 2026’,by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (October 2026) Read More »

Judicial Corner: Refund of ITC under Inverted Duty Structure Allowed Despite Same HSN{ Commissioner of CGST & Central Excise vs. HP Cotton Casuals (P.) Ltd. [2026] 190 taxmann.com 451 (GSTAT – KOLKATA)/[2026] 117 GST 632 (GSTAT – KOLKATA)} (02.10.2026)

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Refund of ITC under Inverted Duty Structure Allowed Despite Same HSN{ Commissioner of CGST & Central Excise vs. HP Cotton Casuals (P.) Ltd. [2026] 190 taxmann.com 451 (GSTAT – KOLKATA)/[2026] 117 GST 632 (GSTAT – KOLKATA)} Facts: Assessee claimed refund of unutilised ITC accumulated due to an inverted duty structure, where the tax rate on …

Judicial Corner: Refund of ITC under Inverted Duty Structure Allowed Despite Same HSN{ Commissioner of CGST & Central Excise vs. HP Cotton Casuals (P.) Ltd. [2026] 190 taxmann.com 451 (GSTAT – KOLKATA)/[2026] 117 GST 632 (GSTAT – KOLKATA)} (02.10.2026) Read More »

DGFT: The eligibility timelines under Component II of the EPM RELIEF intervention are extended up to 31st March 2027 to support Indian exporters and mitigate logistics challenges arising out of the continuing West Asia Crisis. (01.10.2026)

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DGFT: The eligibility timelines under Component II of the EPM RELIEF intervention are extended up to 31st March 2027 to support Indian exporters and mitigate logistics challenges arising out of the continuing West Asia Crisis. [Notification No. 37/2026-27 dated 30.09.2026]

Judicial Corner: Additional grounds cannot be introduced before the Tribunal merely on allegations or concerns without supporting evidence or exceptional circumstances.{ Anil Kumar Singh v. M/s Agarwala’s Bitumex Private Limited APL Nos. 14/KLK/2026 & 10/KLK/2026} (28.09.2026)

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Additional grounds cannot be introduced before the Tribunal merely on allegations or concerns without supporting evidence or exceptional circumstances.{ Anil Kumar Singh v. M/s Agarwala’s Bitumex Private Limited APL Nos. 14/KLK/2026 & 10/KLK/2026} Facts The Revenue sought to raise additional grounds for the first time before the GSTAT, mainly concerning the ITC availed by the …

Judicial Corner: Additional grounds cannot be introduced before the Tribunal merely on allegations or concerns without supporting evidence or exceptional circumstances.{ Anil Kumar Singh v. M/s Agarwala’s Bitumex Private Limited APL Nos. 14/KLK/2026 & 10/KLK/2026} (28.09.2026) Read More »

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