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FEMA & Banking:IFSCA notified the FEM (Non-Debt Instruments) (Fourth Amendment) Rules, 2026, permitting inventory-based e-commerce exclusively for exporting Indian-manufactured or produced goods under applicable regulations.(08.09.2026)

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FEMA & Banking: IFSCA notified the FEM (Non-Debt Instruments) (Fourth Amendment) Rules, 2026, permitting inventory-based e-commerce exclusively for exporting Indian-manufactured or produced goods under applicable regulations. (NOTIFICATION NO. S.O. 4870(E). [F.NO. 1/4/2026-EM] dated 05.09.26)

Bizsol Update (September 2026)

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Bizsol Update for the month September 2026. From the Desk of Chairman Article on ‘STARE DECISSIS ON TRIAL BINDING FORCE OF JUDICIAL CONVENTIONS UNDER THREAT’ , by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. Article on ‘Maharashtra Global Capability Centre (GCC) Policy, 2025 – Operational Guidelines Issued: Eligibility, Incentives and Implementation Framework’ , …

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Judicial Corner: Waiver of Interest under Sections 234A, 234B & 234C Denied Where Assessee Did Not Act Pursuant to Existing HC Order { K.R. Ushasree vs. Chief Commissioner of Income-tax 2026] 189 taxmann.com 667 (Kerala)} (07.09.2026)

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Waiver of Interest under Sections 234A, 234B & 234C Denied Where Assessee Did Not Act Pursuant to Existing HC Order { K.R. Ushasree vs. Chief Commissioner of Income-tax 2026] 189 taxmann.com 667 (Kerala)} Facts: The assessee’s had claimed deductions under Section 80HHC in their income-tax returns. Subsequently, due to a change in law by the …

Judicial Corner: Waiver of Interest under Sections 234A, 234B & 234C Denied Where Assessee Did Not Act Pursuant to Existing HC Order { K.R. Ushasree vs. Chief Commissioner of Income-tax 2026] 189 taxmann.com 667 (Kerala)} (07.09.2026) Read More »

Customs:The National Assessment Centre (NAC) Portal has been launched as a common platform for accessing assessment decisions, rulings, advisories and audit observations, promoting uniformity and transparency.(04.09.2026)

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Customs The National Assessment Centre (NAC) Portal has been launched as a common platform for accessing assessment decisions, rulings, advisories and audit observations, promoting uniformity and transparency. (Circular No.41/2026-Customs dated 03.09.26)

Customs: Before granting Out-of-Charge in case of PGA facilitated Bills of Entry, Customs officers must verify prescribed documents for imports of cosmetics, drugs, medical devices and related raw materials/components.(03.09.2026)

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Customs: Before granting Out-of-Charge in case of PGA facilitated Bills of Entry, Customs officers must verify prescribed documents for imports of cosmetics, drugs, medical devices and related raw materials/components. (Circular No.40/2026-Customs dated 03.09.26)

Article on ‘STARE DECISSIS ON TRIAL BINDING FORCE OF JUDICIAL CONVENTIONS UNDER THREAT’, by CS. Venkat R Venktiachalam, Chairman, Bizsolindia Services Pvt Ltd (September 2026)

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Introduction: The Supreme Court delivered an important judgment recently making a clear deviation from judicial convention in the process. This judgment was in the realm of labour laws, but the principle applied by judges here would affect scope of judgments of the apex court could get affected overall. The message emanating from the judgment goes …

Article on ‘STARE DECISSIS ON TRIAL BINDING FORCE OF JUDICIAL CONVENTIONS UNDER THREAT’, by CS. Venkat R Venktiachalam, Chairman, Bizsolindia Services Pvt Ltd (September 2026) Read More »

Article on ‘Maharashtra Global Capability Centre (GCC) Policy, 2025 – Operational Guidelines Issued: Eligibility, Incentives and Implementation Framework’ by Mr. Pravin Arote, Director & CEO, Bizsolindia Services Pvt Ltd (September 2026)

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The Government of Maharashtra has issued the Operational Guidelines for implementation of the Maharashtra Global Capability Centre (GCC) Policy, 2025 vide Government Resolution No. GCC-2025 /C.R.320 /Industries-2-Department Industries, Investment, Services & Mining Department, Government of Maharashtra Dated 19 August 2026 The Guidelines have been issued pursuant to the Maharashtra GCC Policy, 2025, notified vide Government …

Article on ‘Maharashtra Global Capability Centre (GCC) Policy, 2025 – Operational Guidelines Issued: Eligibility, Incentives and Implementation Framework’ by Mr. Pravin Arote, Director & CEO, Bizsolindia Services Pvt Ltd (September 2026) Read More »

Article on ‘GST Refund on Export of Goods – Understanding Adjusted Total Turnover’ by CA Anuj Gandhi, Bizsolindia Services Pvt Ltd

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Introduction In the course of handling GST refund matters, a recurring issue that continues to arise is the computation of “Adjusted Total Turnover” under Rule 89(4) of the CGST Rules, 2017. Recently, a notice was received from the GST department seeking clarification on the value adopted in the computation of adjusted total turnover in a refund application filed …

Article on ‘GST Refund on Export of Goods – Understanding Adjusted Total Turnover’ by CA Anuj Gandhi, Bizsolindia Services Pvt Ltd Read More »

Judicial Corner: Refund cannot be withheld without specific order under Section 54(11) Commissioner must issue SCN and pass a reasoned order { KPIL-JWIL Joint Venture v. State of Bihar, [2026] 189 taxmann.com 1002 (Patna)}(03.09.2026)

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Refund cannot be withheld without specific order under Section 54(11) Commissioner must issue SCN and pass a reasoned order { KPIL-JWIL Joint Venture v. State of Bihar, [2026] 189 taxmann.com 1002 (Patna)} Facts  The petitioner, a works contractor, claimed a refund of the excess balance lying in its electronic cash ledger for FY 2022–23. The …

Judicial Corner: Refund cannot be withheld without specific order under Section 54(11) Commissioner must issue SCN and pass a reasoned order { KPIL-JWIL Joint Venture v. State of Bihar, [2026] 189 taxmann.com 1002 (Patna)}(03.09.2026) Read More »

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