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CAG Announces Creation of Centralized Cadres for Expenditure and Revenue Audits
The Director General of Audit (Central Expenditure) issued Circular No. 43 dated 21.11.2025 had announced initiative to establish centralized cadres...
![Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order] Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/750x450_2108364-nclat-new-dehi-nclt-corporate-guarantee-taxscan.webp)
Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]
The Tribunal held that once a corporate entity voluntarily executes a guarantee, it becomes independently liable for the debt, which qualifies as “financial debt” under Section 5(8)(i) of the Insolvency and Bankruptcy Code (IBC).
![Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order] Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/750x450_2108364-nclat-new-dehi-nclt-corporate-guarantee-taxscan.webp)
Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]
The Tribunal held that once a corporate entity voluntarily executes a guarantee, it becomes independently liable for the debt, which qualifies as “financial debt” under Section 5(8)(i) of the Insolvency and Bankruptcy Code (IBC).










![Non-Disclosure of CESS in GSTR-3B Revenue Neutral, Dept Overlooked GSTR-9 Filing: Calcutta HC Remands Matter [Read Order] Non-Disclosure of CESS in GSTR-3B Revenue Neutral, Dept Overlooked GSTR-9 Filing: Calcutta HC Remands Matter [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109513-non-disclosure-cess-gstr-3b-revenue-neutral-dept-gstr-9-calcutta-hc-taxscan.webp)


![Copolymer vs. Homopolymer: CESTAT Raps Customs for confirming ADD on PVC Import without Verifying Material Composition [Read Order] Copolymer vs. Homopolymer: CESTAT Raps Customs for confirming ADD on PVC Import without Verifying Material Composition [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/750x450_2107826-copolymer-vs-homopolymer-cestat-raps-customs-confirming-pvc-import-without-verifying-material-composition-taxscan.webp)
![CESTAT Rules Testing Centre Reimbursements Beyond MCS Scope, Sets Aside Service Tax Demand on Eduquity Career Technologies [Read Oredr] CESTAT Rules Testing Centre Reimbursements Beyond MCS Scope, Sets Aside Service Tax Demand on Eduquity Career Technologies [Read Oredr]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107220-cestat-centre-reimbursements-service-tax-service-tax-demand-taxscan.webp)
![Service Tax Payable on Consolidated Rent Collected by Co-owners when Threshold Exceeds: Calcutta HC on Clubbing of Rent [Read Order] Service Tax Payable on Consolidated Rent Collected by Co-owners when Threshold Exceeds: Calcutta HC on Clubbing of Rent [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106528-service-tax-consolidated-rent-threshold-exceeds-calcutta-hc-taxscan.webp)
![Rehabilitating or Renewing Railway Wagons Qualifies as “Original Works”, Exempt from Service Tax: CESTAT [Read Order] Rehabilitating or Renewing Railway Wagons Qualifies as “Original Works”, Exempt from Service Tax: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106167-cestat-service-tax-railway-wagons-renewing-railway-wagons-taxscan.webp)
![Challenge on Service Tax Liability on Event Management Service: Supreme Court Allows Exemption Application in HT Medias Tax Appeal [Read Judgment] Challenge on Service Tax Liability on Event Management Service: Supreme Court Allows Exemption Application in HT Medias Tax Appeal [Read Judgment]](https://images.taxscan.in/h-upload/2025/11/14/500x300_2105135-service-tax-service-tax-liability-event-management-service-supreme-court-taxscan.webp)


Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order] Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg)
Yogitha S. Yogesh
Rupesh Sharma


Saagarika Gopinath






