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The Orissa HC quashed a Rs 696.32 crore mining demand against JSW Steel and remanded a separate Rs 1,472.69 crore demand concerning dispatch shortfalls at its Jajang Iron Ore Block for fresh adjudication.

Orissa High Court Quashes Rs 696.32 Crore Demand Against JSW Steel, Sets Aside Rs 1,472.69 Crore Demand

Judgement

The GSTAT set aside the Section 129 penalty, holding that a genuine bill-to/ship-to transaction supported by valid invoices, e-way bills and movement records could not be penalised merely because the original supplier had not generated the e-way bills.

GSTAT: E-Way Bills Cannot Be Invalidated Merely Because They Were Not Generated by Original Supplier

GSTN has enabled sandbox testing of e-invoicing for recipient-generated self-invoices covering domestic RCM supplies and import of services, with the rollout date yet to be announced.

GSTN Introduces New E-Invoicing Facility for Self-Invoices Under Reverse Charge Mechanism

Articles

The Income Tax Department has expanded the scope of the Saksham Nudge initiative to further include tax professionals in order to accelerate the filing process for TAR for FY 2025-26.

Income Tax Dept Increases Scope for  Saksham Nudge Initiative to Further Include Professional Insuring Timely Compliance

SEBI has upheld the trading ban on Rajesh Exports Chairman Rajesh Mehta amid serious concerns over financial irregularities, unexplained revenue discrepancies and corporate governance lapses.

SEBI Tightens Scrutiny of Rajesh Exports as Unexplained Revenue Gap, Questionable Gold Mine Investment and Fund Transfers Raise Red Flags

NPCI has announced MDR charges on select UPI merchant transactions after Diwali, with the implementation date and further details to be announced soon.

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

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Orissa High Court Quashes Rs 696.32 Crore Demand Against JSW Steel, Sets Aside Rs 1,472.69 Crore Demand

GSTAT: E-Way Bills Cannot Be Invalidated Merely Because They Were Not Generated by Original Supplier

GSTN Introduces New E-Invoicing Facility for Self-Invoices Under Reverse Charge Mechanism

Income Tax Dept Increases Scope for Saksham Nudge Initiative to Further Include Professional Insuring Timely Compliance

SEBI Tightens Scrutiny of Rajesh Exports as Unexplained Revenue Gap, Questionable Gold Mine Investment and Fund Transfers Raise Red Flags

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali