Re-blocking of ECL within one year in a Section 74 proceeding valid; writ dismissed for suppression { Creative Enterprises vs. State of Telangana [2026] 184 taxmann.com 183 (Telangana)} Facts The GST department blocked the petitioner’s Electronic Credit Ledger under Rule 86A of the CGST Rules. After the expiry of one year, the department re-blocked …
Reassessment in name of amalgamating (non-existent) company invalid despite prior intimation of amalgamation to AO {Surya Medi Tech Ltd. vs. DCIT/ACIT [2026] 184 taxmann.com 93 (Delhi – Trib.)} Facts: A company had amalgamated with another company under a scheme of amalgamation. After amalgamation, the amalgamating company ceased to exist. The fact of amalgamation …
FOREIGN TRADE: DGFT, vide Public Notice dated March 06, 2026, has granted an automatic extension in the Export Obligation Period (EOP) for specified authorisations in view of prevailing geopolitical developments affecting global trade and logistics. Accordingly, under the Foreign Trade Policy 2023 and amendments to the Handbook of Procedures 2023 under the Foreign Trade Policy, …
Customs: CBIC vide Circular No. 10/2026-Customs dtd March 10, 2026, has clarified that no fee shall be levied for amendment or cancellation of export documents where such changes arise due to force majeure circumstances under Section 143AA of the Customs Act, 1962. The clarification has been issued in view of disruptions in international shipping routes …
Quasi-judicial power cannot be exercised under dictation cancellation order set aside { Ankit Choudhary vs. Union of India [2026] 184 taxmann.com 122 (Gauhati)} Facts The GST registration of the petitioner was cancelled by the proper officer alleging wrongful availment of ITC under Section 16 of the GST Act. The Show Cause Notice did not …
Bizsol Update for the month February 2026. From the Desk of Chairman Article on ‘Trump Goes to Learning Resources for Elementary Lessons on Tariffs – How A Small Toymaker Schooled the President’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd Article on ‘Export Promotion Mission (EPM) – DGFT’s New Framework for Strengthening India’s …
Composite notices for multiple years under sections 73/74 unsustainable as each year requires separate SCN { Accountants Service Society vs. Union of India [2026] 184 taxmann.com 112 (Kerala)} Facts: The GST department issued one composite SCN covering several financial years, alleging tax short-payment and wrongful ITC availment under Sections 73/74. The assessee challenged the notice …
Adjudication order proceeded on a basis absolutely different than one indicated in SCN was to be set aside {Ankit Kanodia v. Union of India [2026] 182 taxmann.com 658 (Calcutta High Court)} Facts Department issued a Show Cause Notice alleging that the assessee had wrongly availed Input Tax Credit. The allegation in the SCN was that …
HC directs GST authority to open portal to enable assessee to rectify GSTR-1 as there was no loss to revenue { Ambica Auto Sales and Service vs. Union Bank of India([2026] 182 taxmann.com 434 (Gujarat)} Facts Assessee issued debit notes for discounts received from the vendor but reported them in the wrong column of Form …
Introduction Manufacturing businesses in India frequently rely on imported raw materials, components, and capital goods. Under the traditional customs framework, import duty is required to be paid at the time of clearance of goods, which often results in significant working capital blockage for importers. In order to ease this burden and promote trade facilitation, …
Background: Under the Companies Act, 2013, every company is mandatorily required to file its Annual Return (Section 92) and Financial Statements (Section 137). The fees for filing such returns, statements and documents are prescribed under Section 403 of the Companies Act, 2013 read with the Companies (Registration Offices and Fees) Rules, 2014. W. e. f. …
DGFT The Directorate General of Foreign Trade (DGFT), vide Trade Notice has announced the operationalisation of an Inter-Ministerial Group (IMG) for Supply Chain Resilience under the Department of Commerce. The IMG has been constituted following a high-level meeting held on March 02, 2026 to assess the impact of ongoing geopolitical developments on India’s exports, particularly …
Jammu & Kashmir’s (J&K) triumphant Ranji Trophy victory in the 2025-26 season marks a historic milestone – for them and for us. J&K clinched the title for the first time in the domestic tournament’s storied 90-year history. Led by captain Parvez Rasool and standout performer Aquib Nabi, who claimed a nine-wicket haul in the final …
David vs Goliath: In the heart of Vernon Hills, Illinois, Learning Resources Inc., has quietly crafted educational toys and hands-on learning tools ever since 1984. Specialising in products that spark curiosity – from magnetic tiles to science kits, this small privately held company never consciously went out of its way to seek out the limelight. …
In a significant move to strengthen India’s export ecosystem and enhance the competitiveness of Indian exporters in global markets, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued a series of Trade Notices introducing operational guidelines under the Export Promotion Mission (EPM). Through Trade Notices 25 to 29/2025-26 …
The Goods and Services Tax (GST) framework in India increasingly relies on technology to ensure transparency and efficient tax administration. One of the latest technological developments in the GST ecosystem is the Invoice Management System (IMS) introduced by GSTN. The system allows recipients to review invoices uploaded by suppliers and take actions such as acceptance, …
Customs: CBIC, vide Circular No. 08/2026-Customs dated February 28, 2026, has operationalised the extension of the facility of deferred payment of Customs import duty to “Eligible Manufacturer Importers” (EMI), pursuant to Notification No. 12/2026-Customs (N.T.) dated February 01, 2026. The facility shall be available from April 01, 2026 and will remain in force up to …
The Government of Maharashtra, vide Notification dated February 28, 2026, has amended the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975. Exercising powers under Section 27 of the Act, the amendment advances certain statutory due dates prescribed under the Rules. Under Rule 11(3), the due date of “31st March” has been substituted …
Refund can’t be denied for portal upload limits shipping bill size issue won’t defeat substantive compliance {Jyoti Agro vs. Deputy Commissioner of State Tax [2026] 182 taxmann.com 630 (Gujarat HC)} Facts of the Case The petitioner Jyoti Agro filed a GST refund claim related to export of goods. As per Circular No. 125/44/2019-GST, shipping bills …
ITC claim within sec. 16(5) period cannot be denied as time-barred under sec. 16(4) impugned orders quashed { Malligai Agencies vs. Assistant Commissioner of GST and Central Excise [2026] 183 taxmann.com 607 (Madras High Court)} Facts The petitioner claimed Input Tax Credit within the extended time limit prescribed under Section 16(5) of the CGST Act. …
