GST Knowledge Series: Questions and Answers On GST For Transportation Of Goods By Road [Part 2]

The service of transportation of goods by Road is one major expense incurred by any manufacturer/trader for their inward/outward supply of goods. Such transactions are always subject to scrutiny by GST department due to the lack of compliance owing to divergent practices. To bring clarity, the following important issues are addressed in Part-2 of the Series7. What is rate of tax on transportation of household items?Answer: If the transportation services of household items are provided to an ...

LiveLawBiz Arbitration Cases Weekly Digest : February 9 - February 15, 2026

Nominal Index A2Z Infraservices Ltd & Anr vs Quippo Infrastructure Ltd & Ors 2026 LLBiz SC 60Ankhim Holdings Pvt. Ltd. & Anr. versus Zaveri Construction Pvt. Ltd. 2026 LLBiz SC 53Aggarwal Sons v. Union of India and Others 2026 LLBiz HC (PNH) 8Airports Authority of India v. URC Construction (P) Ltd 2026 LLBiz HC (DEL) 146E-City Real Estates Pvt Ltd & ANR vs IMAX Corporation & Ors 2026 LLBiz SC 22Fresh and Healthy Enterprise Ltd v. Global AgriSystem Pvt Ltd & connected...

LiveLawBiz RERA Cases Weekly Digest: February 9 - February 15, 2026

Nominal IndexAngad Jot Singh Multani v. Estate Officer, Patiala Urban Planning and Development Authority (PDA) and M/s Omaxe Limited 2026 LLBiz RERA (PB) 25Embassy One Developers Pvt. Ltd. v. State of Karnataka & Ors. 2026 LLBiz HC (KAR) 19Latha Jayesh Chaudhary & Anr. v. Keyana Estate LLP 2026 LLBiz RERA (MH) 24MP Real Estate Regulatory Authority v. Briddhi Real Estate Pvt. Ltd. and Others 2026 LLBiz HC (MP) 11R-Tech Capital Galleria Jaipur LLP v. Ravi Tara & Anr. 2026 LLBiz RERA...

LiveLawBiz IBC Weekly Digest: February 9 To February 15, 2026

SUPREME COURTSupreme Court Upholds NCLAT Order Entrusting NBCC To Complete Stalled Supertech Housing ProjectsCase Title : Apex Height Pvt Ltd vs Ram Kishore Arora & Ors Case Number : C.A. No. 2626 of 2025 CITATION : 2026 LLBiz SC 54The Supreme Court recently dismissed a batch of appeals challenging directions issued by the National Company Law Appellate Tribunal (NCLAT) to involve NBCC (India) Ltd for completion of stalled housing projects of Supertech Ltd,...

LiveLawBiz: Business Law Daily Round-Up: February 14, 2026

IBCFormer District Judge Deep Chandra Joshi To Serve As Acting President Of NCLTNCLT Guwahati Quashes Income Tax Reassessment Against Maxim Infrastructure For Pre-CIRP DuesMere Accounting Treatment Of Spectrum As 'Asset' Does Not Bring It Within IBC Framework: Supreme CourtNCLT Need Not Separately Examine RP's Opinion On PUFE Transactions While Avoidance Pleas Are Pending: NCLATNCLAT Says Timing Of Stamp Paper Purchase And Loan Agreement Execution Not Ground To Reject Insolvency PleaIPRDelhi...

Part-Payments Extend Limitation Period, Delhi High Court Revives Federal Bank's Recovery Suit

The Delhi High Court has revived Federal Bank's recovery suit against a borrower, holding that part-payments made by a borrower extend the limitation period and cannot be ignored while computing delay. Setting aside a Commercial Court order that had dismissed the suit as time-barred, a Bench of Justices Anil Kshetarpal and Amit Mahajan said courts must recompute the limitation from the date of the last payment if payments are made within time. “Once part-payments within limitation are admitted...

Mere Accounting Treatment Of Spectrum As 'Asset' Does Not Bring It Within IBC Framework: Supreme Court

The Supreme Court on Friday held that mere treatment of telecom spectrum as an “intangible asset” in the financial statements of telecom service providers (TSPs) does not bring it within the sweep of the Insolvency and Bankruptcy Code (IBC), observing that spectrum remains a natural resource held by the Union of India in public trust. “Merely because spectrum can be treated as an 'asset' on the basis of certain attributes, such as possession and usage, lease and assignment, claim and liability...

LiveLawBiz: Business Law Daily Round-Up: February 13, 2026

IBC Supreme Court Says IBC Cannot Determine Ownership Of Telecom Spectrum, Calls It Material Resource Of CommunityIBC Cannot Override Telecom Laws Governing Spectrum Trading and Licence Dues: Supreme CourtNCLAT Holds Debt Not Time Barred In Rajeshwari Cotspin CIRP, Says Threshold Cannot Be Confined to Last InvoiceBank's Classification Of Debt As NPA For Balance Sheet Purposes Not Decisive For Limitation Under IBC: Supreme CourtNo Overlapping Secured Interest Between Homebuyers And Financier...

Bank's Classification Of Debt As NPA For Balance Sheet Purposes Not Decisive For Limitation Under IBC: Supreme Court

The Supreme Court on Thursday observed that the manner in which a bank classifies a loan as a non-performing asset for accounting or provisioning purposes does not determine the starting point of limitation under the Insolvency and Bankruptcy Code, particularly where the debt has been restructured and acknowledged in fresh agreements. “In our view, how a bank classifies its debt for managing its balance sheet is not a factor determining the starting point of limitation more so, when the debt...

IBC Cannot Override Telecom Laws Governing Spectrum Trading and Licence Dues: Supreme Court

The Supreme Court of India on Friday held that the Insolvency and Bankruptcy Code cannot be invoked to override the statutory framework governing telecom spectrum, ruling that spectrum trading conditions and licence dues mandated under telecom laws must be honoured notwithstanding insolvency proceedings. A bench of Justices PS Narasimha and Atul S. Chandurkar framing the key issue observed, “The question for our consideration is whether telecom service providers (TSPs), called upon to pay the...

DEEC Licence Must Be Valid On Date Of Warehouse Clearance To Claim Customs Exemption: Supreme Court

The Supreme Court of India has recently reiterated that in the case of warehoused goods, customs duty liability arises on the date of actual clearance from the warehouse, and an importer cannot claim exemption under a DEEC advance licence if the licence has expired by then.Upholding the High Court's decision, a bench of Justices Manmohan and Vipul M. Pancholi ruled that entitlement to exemption must subsist on the date duty is assessed. “From the aforesaid provisions, it is evident that the...

Supreme Court Says IBC Cannot Determine Ownership Of Telecom Spectrum, Calls It Material Resource Of Community

The Supreme Court on Friday held that the ownership and control of telecom spectrum cannot be determined by the Insolvency and Bankruptcy Code since it is a common good.A bench of Justices PS Narasimha and Atul S. Chandurkar held that the spectrum is a material resource of the community in the constitutional sense. It said the spectrum must benefit the common good, so its control has to be secured for the citizens.“IBC cannot be the guiding principle for restructuring the ownership and control...