Everything a finance person must know - re-brewed every 10 minutes
NCLT Amaravati denied a 227-day corporate insolvency resolution process extension. The tribunal ordered liquidation while directing an investigation into asset discrepancies and the funding of liquidation expenses.
Open for the full story →
A comprehensive overhaul of GST registration introduces changes involving Form REG-01, Rule 14B, cancellation procedures, and documentation requirements. These updates take effect across specific dates in November and December 2026, as well as April 2027.
Open for the full story →
CBIC Circular 266/12/2026-GST clarifies that TRAI does not qualify as the government under indirect tax laws. The notification addresses reverse charge mechanism applicability and the taxability of statutory regulatory fees.
Effective Not specified in the update
For professionals: Review current payment ledgers for regulatory fees in light of Circular 266/12/2026-GST issued by the Central Board of Indirect Taxes and Customs. · Reassess reverse charge liabilities and inspect client accounts for compliance regarding statutory regulatory fees and government services. · Watch for further clarifications regarding statutory fee treatments to protect against unexpected tax demands.
Open for the full story →
Post-IPO compliance requirements involve stock exchange filings with NSE and BSE, adherence to SEBI LODR rules, and insider trading disclosures. Companies must also manage financial result submissions, permanent account number freezing, and quarterly reporting obligations.
Effective Not specified in the update
For professionals: Advise management on avoiding disclosure lapses and maintaining strict tracking calendars for upcoming reporting deadlines. · Establish robust internal reporting mechanisms to handle stock exchange filings and quarterly disclosures without delays.
Open for the full story →
CESTAT Kolkata quashed a customs duty, penalty, and redemption fine demand after ruling that undisclosed emails cannot support origin allegations. The tribunal found that reliance on extended limitation and the rejection of the Malaysian origin certificate were unsustainable.
Open for the full story →
A comprehensive guide explains filing protocols for Form FC under FEMA. It covers overseas investments, financial commitments, guarantees, restructurings, and disinvestments. Professionals must manage these reporting requirements carefully.
Effective Not specified in the update
For professionals: Review all active overseas holdings immediately and prepare standardized documentation for upcoming reporting cycles. · Track regulatory updates regarding Form FC submissions closely to ensure full alignment with foreign exchange regulations.
Open for the full story →
IndiGo shares rose 4.33 percent after reporting a narrower-than-expected net loss of ₹1,880 crore for the September quarter, marking its third consecutive quarterly loss. While yearly revenue grew 26 percent, jet fuel expenses jumped 67 percent.
Effective Not specified in the update
For professionals: Review exposure to airline equities against prevailing energy market volatility before making portfolio adjustments. · Monitor upcoming quarterly earnings reports and jet fuel price trends to gauge recovery trajectory.
Open for the full story →
CESTAT Kolkata quashed a ₹3.03 crore service tax demand on non-GTA road transport. The tribunal ruled that Central Board of Direct Taxes receipts alone fail to establish taxable services or tax evasion through suppression.
Effective Not specified in the update
For professionals: Tax professionals should scrutinize existing client show-cause notices that rely exclusively on income tax data and prepare defense submissions citing this precedent. · Practitioners must maintain comprehensive reconciliation statements between financial statements and service tax returns to
Open for the full story →
Netpoleon India has formed a strategic partnership with QNu Labs. The collaboration focuses on delivering advanced quantum-safe security solutions to enterprises navigating evolving cyber threats.
Effective Not specified in the update
For professionals: Technology advisors should evaluate their clients current encryption standards and recommend phased migrations toward quantumsecure architectures · Security compliance officers must monitor upcoming industry standards and threat intelligence reports regarding postquantum cryptography
Open for the full story →
HSBC reports that affluent Indians are reassessing retirement plans due to longer lifespans, changing career paths, and intergenerational financial duties. Investors increasingly seek flexibility and professional guidance to manage these competing demands.
Effective Not specified in the update
For professionals: Financial planners must engage affluent clients in comprehensive multi-goal mapping exercises to address competing capital requirements effectively. · Wealth advisors should recommend diversified investment vehicles that off
Open for the full story →
Post-sale discounts under GST can be adjusted using credit notes starting 1 November 2026. The requirement for a prior agreement is removed, though the adjustment remains subject to recipient input tax credit reversal.
Effective 1 November 2026
For professionals: Update enterprise resource planning systems and client invoicing procedures ahead of the November 2026 deadline to handle post-sale discounts without requiring prior agreements. · Establish robust communication channels with buyers to ensure timely input tax credit reversals upon receipt of credit notes.
Open for the full story →
Starting 1 November 2026, Section 153 eliminates previous requirements for prior agreements and invoice linkages regarding GST post-supply discounts. Taxpayers must still utilize credit notes and execute input tax credit reversals to remain compliant under the updated regulations.
Effective 1 November 2026
For professionals: Review client billing workflows and update compliance systems ahead of the upcoming deadline. · Ensure internal documentation strictly incorporates valid credit notes and accurate input tax credit reversals under the revised framework.
Open for the full story →
One place for all of finance - tap any card to jump in.