EaseValueGST on C-295 Aircraft Supply to MoD 2026: Gujarat AAR Ruling
In a significant September 2026 ruling, the Gujarat Authority for Advance Rulings (AAR) has held that GST applies on the supply of 40 C-295 aircraft to the Ministry of Defence (MoD), requiring the Airbus Project Office to obtain GST registration in Gujarat. This decision has major implications for defence procurement and foreign aircraft suppliers in India.
GSTR-9 & GSTR-9C 2025-26: Legal Framework, Threshold & Reconciliation
This September 2025 update covers the complete legal framework for GSTR-9 and GSTR-9C filings under GST law. Understand filing thresholds, reconciliation requirements, and what taxpayers must do to ensure compliance in AY 2025-26.
Capital Withdrawals Before Firm Conversion Section 47(xiii) 2026
A recent Karnataka High Court judgment clarifies that capital withdrawals by partners before converting a firm into a company do not violate Section 47(xiii) of the Income Tax Act 2025, provided statutory conditions are met. This is a significant relief for partnership firms planning conversion.
Benami Shares 2026: Layered Loans & Promoter Share Purchase Rules
A major SAFEMA tribunal ruling in September 2026 confirms that layered loans used to acquire promoters' shares constitute benami transactions under the Prohibition of Benami Property Transactions (PBPT) Act. This recent judgment impacts how promoters and shareholders fund share purchases and highlights serious tax compliance risks.
Open Offer SEBI SAST 2026: Triggers, Pricing & Tax Compliance
SEBI SAST Regulations 2011 govern open offers in India. This September 2026 update clarifies triggers, pricing mechanisms, and tax implications for acquirers and target companies under current regulations.
Section 17(5) GST Blocked Credit 2026 | Safari Retreats & Telecom Towers
This is a recent September 2026 update on GST Section 17(5) blocked credit affecting safari retreats, telecom towers, and related businesses. Learn the legal remedies and what taxpayers must do immediately.
UPI MDR and GST 2026: ITC Treatment & Tax on MDR Explained
In September 2026, clarity emerges on GST treatment of UPI Merchant Discount Rate (MDR) and Input Tax Credit eligibility. This recent update affects all digital payment processors and merchants using UPI payment systems.
Bogus Purchases Section 69C: ₹60 Lakh Addition Cut to ₹6 Lakh 2026
In a significant September 2026 ruling, Delhi ITAT has restricted a ₹60.13 lakh bogus-purchase addition to just ₹6 lakh after accepting the taxpayer's sales figures. This judgment offers critical protection for businesses facing aggressive tax officer additions under Section 69C of the Income Tax Act 2025.
ITAT Deletes Bogus LTCG Addition 2026 | Section 147 Reopening Rules
In a significant September 2026 ruling, Ahmedabad ITAT has upheld the tax officer's right to reopen assessment under Section 147 but deleted a bogus Long-Term Capital Gains addition of ₹15.93 lakh for lack of transaction-specific evidence. This judgment provides critical guidance on reopening validity and evidence standards for capital gains additions.
RBI VRRR Auction September 2026 – Impact on Tax & Business
The Reserve Bank of India has announced a Variable Rate Reverse Repo (VRRR) auction scheduled for September 21, 2026, to manage current liquidity conditions. This monetary policy tool impacts interest income, TDS obligations, and business cash flow for Indian taxpayers.
RBI KYC Amendment 2026: NRI FPI Document Rules Updated
The Reserve Bank of India has amended its Know Your Customer (KYC) directions effective immediately in September 2026, expanding document certification flexibility for Non-Resident Indians, Persons of Indian Origin, and Foreign Portfolio Investors. This update simplifies account opening procedures for overseas investors and NRIs opening bank accounts in India.
RBI KYC Amendment 2026: NRI, PIO, FPI Document Rules Updated
The Reserve Bank of India has issued an important amendment to Know Your Customer (KYC) directions for Regional Rural Banks in September 2026. This update extends document certification flexibility to Foreign Portfolio Investors (FPIs), alongside existing provisions for NRIs and PIOs.
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