Team Bizsol

ITC Cannot Be Denied Due to Supplier’s Subsequent Default { Additional Commissioner Grade 2 & Anr. v. M/s Safecon Lifescience Pvt. Ltd. SLP (C) No. 023993 of 2026} Facts : GST Department initiated proceedings under Section 74 of the CGST Act and denied the taxpayer’s Input Tax Credit on the ground that the supplier’s GST …

Judicial Corner: ITC Cannot Be Denied Due to Supplier’s Subsequent Default. (28.07.2026) Read More »

Income Tax: Central Board of Direct Taxes, has issued Notification No. 94/2026 dated 21 July 2026 [G.S.R. 646(E)], notifying the Income-tax (Second Amendment) Rules, 2026, in exercise of the powers conferred by section 533 read with section 262 of the Income-tax Act, 2025. Through this amendment, clause (c) of sub-rule (5) of rule 157 of …

Income Tax: Central Board of Direct Taxes, has issued Notification No. 94/2026 dated 21 July 2026 [G.S.R. 646(E)], notifying the Income-tax (Second Amendment) Rules, 2026, in exercise of the powers conferred by section 533 read with section 262 of the Income-tax Act, 2025. Through this amendment, clause (c) of sub-rule (5) of rule 157 of the Income-tax Rules, 2026 has been substituted to redefine “specified fund” as any fund established or incorporated in India as a trust, company, limited liability partnership or body corporate holding a certificate of registration as a Category I or Category II Alternative Investment Fund and regulated under the SEBI (Alternative Investment Funds) Regulations, 2012, or under the IFSCA (Fund Management) Regulations, 2022 where located in an International Financial Services Centre, as well as any fund referred to in Schedule VI [Note 1(g)] to the Act.(23.07.2026) Read More »

Income Tax: Central Board of Direct Taxes, has issued Notification No. 93/2026 dated 21 July 2026 [S.O. 3984(E)], in exercise of the powers conferred by Schedule III [Table: Sl. No. 36] read with section 11 of the Income-tax Act, 2025, notifying the ‘District Legal Service Authority, Jind’ (PAN: AAAGD0053R), an Authority constituted under the Legal …

Income Tax: Central Board of Direct Taxes, has issued Notification No. 93/2026 dated 21 July 2026 [S.O. 3984(E)], in exercise of the powers conferred by Schedule III [Table: Sl. No. 36] read with section 11 of the Income-tax Act, 2025, notifying the ‘District Legal Service Authority, Jind’ (PAN: AAAGD0053R), an Authority constituted under the Legal Services Authorities Act, 1987, in respect of specified income arising to it.(23.07.2026) Read More »

Income Tax: The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, has issued Notification No. 92/2026 dated 21 July 2026 [S.O. 3983(E)], notifying the ‘District Legal Service Authority, Jind’ (PAN: AAAGD0053R), an Authority constituted under the Legal Services Authorities Act, 1987, for the purposes of section 10(46) of the Income-tax Act, 1961. …

Income Tax:The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, has issued Notification No. 92/2026 dated 21 July 2026 [S.O. 3983(E)], notifying the ‘District Legal Service Authority, Jind’ (PAN: AAAGD0053R), an Authority constituted under the Legal Services Authorities Act, 1987, for the purposes of section 10(46) of the Income-tax Act, 1961.(23.07.2026) Read More »

GST under RCM is payable on PWD permission, road-cutting, reinstatement charges and ground rent paid by CGD operator{ AUTHORITY FOR ADVANCE RULING , GOA Indian Oil-Adani Gas (P.) Ltd., In re*  [2026] 187 taxmann.com 1090 (AAR – GOA)} Facts: A City Gas Distribution (CGD) operator paid charges to the Public Works Department (PWD) and other …

Judicial Corner: GST under RCM is payable on PWD permission, road-cutting, reinstatement charges and ground rent paid by CGD operator{ AUTHORITY FOR ADVANCE RULING , GOA Indian Oil-Adani Gas (P.) Ltd., In re*  [2026] 187 taxmann.com 1090 (AAR – GOA)}(17.07.2026) Read More »

No Further Pre-deposit Required Before GSTAT Where Earlier Pre-deposit Covers Reduced Tax Demand { Manoranjan Dash v. Commissioner, Odisha Commissionerate of CT & GST & Ors. GSTAT, Division Bench (Court-I), Filing No. 2025121101000004, Order dated 08.07.2026}  Facts Appellant challenged an order passed under Section 73 of the CGST Act. While filing the appeal in FORM …

Judicial Corner: No Further Pre-deposit Required Before GSTAT Where Earlier Pre-deposit Covers Reduced Tax Demand { Manoranjan Dash v. Commissioner, Odisha Commissionerate of CT & GST & Ors. GSTAT, Division Bench (Court-I), Filing No. 2025121101000004, Order dated 08.07.2026} (16.07.2026) Read More »

Failure to prove fraud converts Sec. 74 proceedings into Sec. 73, preserving tax demand but excluding extended-period consequences  {M/s Fastenex Private Limited v. State Tax Officer (Inspection-VI), Madras High Court [2026] 188 taxmann.com 219 (Madras)}  Facts: The department issued demand proceedings under Section 74 of the CGST Act, alleging fraud/suppression for non-payment/short payment of tax. …

Judicial Corner: Failure to prove fraud converts Sec. 74 proceedings into Sec. 73, preserving tax demand but excluding extended-period consequences  {M/s Fastenex Private Limited v. State Tax Officer (Inspection-VI), Madras High Court [2026] 188 taxmann.com 219 (Madras)} (16.07.2026) Read More »

Customs: CBIC has issued guidelines to discontinue the submission of manual documents and statements for monitoring containers imported duty-free under Notification No. 104/94-Customs dated 16 March 1994. To facilitate Ease of Doing Business, the monitoring process will be digitised, with DG Systems generating reports of containers not re-exported within the prescribed six-month period, which will …

Customs:CBIC has issued guidelines to discontinue the submission of manual documents and statements for monitoring containers imported duty-free under Notification No. 104/94-Customs dated 16 March 1994.(13.07.2026) Read More »

Customs: The Ministry of Finance has amended Notification No. 8/2016-Customs dated 5 February 2016, which prescribes conditions for availing customs duty exemption on specified imported goods. The amendment empowers the CBIC to extend the prescribed two-year period for fulfilling the conditions of the notification, on a case-to-case basis, where sufficient cause is shown. This provides …

Customs: The Ministry of Finance has amended Notification No. 8/2016-Customs dated 5 February 2016, which prescribes conditions for availing customs duty exemption on specified imported goods. The amendment empowers the CBIC to extend the prescribed two-year period for fulfilling the conditions of the notification, on a case-to-case basis, where sufficient cause is shown.(13.07.2026) Read More »

Customs: The Ministry of Finance has amended Notification No. 8/2016-Customs dated 5 February 2016, which prescribes conditions for availing customs duty exemption on specified imported goods. The amendment empowers the CBIC to extend the prescribed two-year period for fulfilling the conditions of the notification, on a case-to-case basis, where sufficient cause is shown. This provides …

Customs: The Ministry of Finance has amended Notification No. 8/2016-Customs dated 5 February 2016, which prescribes conditions for availing customs duty exemption on specified imported goods. The amendment empowers the CBIC to extend the prescribed two-year period for fulfilling the conditions of the notification, on a case-to-case basis, where sufficient cause is shown. This provides greater flexibility to importers who are unable to comply with the stipulated time limit due to genuine reasons.(13.07.2026) Read More »

Customs: The Ministry of Finance has amended Notification No. 25/2002-Customs dated 1 March 2002, which provides concessional customs duty on specified goods required for the manufacture of designated products. The amendment substitutes Serial Nos. 69 and 69A to expand the list of eligible capital goods and machinery used in the manufacture of Lithium-Ion Cells, covering …

Customs: The Ministry of Finance has amended Notification No. 25/2002-Customs dated 1 March 2002, which provides concessional customs duty on specified goods required for the manufacture of designated products. (13.07.2026) Read More »

Customs: The Ministry of Finance has amended Notification No. 57/2017-Customs dated 30 June 2017 to extend the Basic Customs Duty (BCD) exemption to specified goods used in the manufacture of Inductor Coil Modules for wireless charging in cellular mobile phones. The notification grants Nil BCD on components such as NC (Nano-Crystalline) Assembly, E-Shield, PET Liner, …

Customs: The Ministry of Finance has amended Notification No. 57/2017-Customs dated 30 June 2017 to extend the Basic Customs Duty (BCD) exemption to specified goods used in the manufacture of Inductor Coil Modules for wireless charging in cellular mobile phones. The notification grants Nil BCD on components such as NC (Nano-Crystalline) Assembly, E-Shield, PET Liner, PC Shim (with Z-Liner), Main Stranded Coil and NFC Coil, and NdFeB Magnets and also inserts detailed definitions of these components. The exemption shall remain in force up to 31st March 2029.(13.07.2026) Read More »

Customs The Ministry of Finance has amended Notification No. 45/2025-Customs dated 24 October 2025 to extend the concessional customs duty benefit to specified goods used in the manufacture of display assemblies for automotive, medical and industrial applications. The notification inserts a new entry covering components such as Cells, Flexible Printed Circuit Assemblies (FPCA), Backlight Units, …

Customs: The Ministry of Finance has amended Notification No. 45/2025-Customs dated 24 October 2025 to extend the concessional customs duty benefit to specified goods used in the manufacture of display assemblies for automotive, medical and industrial applications. The notification inserts a new entry covering components such as Cells, Flexible Printed Circuit Assemblies (FPCA), Backlight Units, Frames and Anisotropic Conductive Film (ACF), subject to specified exclusions. The concessional duty benefit will remain available up to 31st March 2029.(13.07.2026) Read More »

Vague SCN and unreasoned revocation rejection invalid; matter remanded to notice stage{ Sujoy Paul vs. Union of India [2026] 188 taxmann.com 39 (Gauhati)} Facts: Petitioner’s GST registration was cancelled for alleged non-filing of returns. However, the show cause notice did not specify the period for which returns were allegedly not filed. The petitioner later applied …

Judicial Corner: Vague SCN and unreasoned revocation rejection invalid; matter remanded to notice stage{ Sujoy Paul vs. Union of India [2026] 188 taxmann.com 39 (Gauhati)} (09.07.2026) Read More »

Transfer of Leasehold Rights Not Taxable Under GST { Aerocom Cushions Pvt. Ltd. v. Assistant Commissioner (Anti-Evasion), CGST & CX 2026:BHC-NAG:348-DB (Bombay High Court, Nagpur Bench, 09.01.2026)} Facts Petitioner was allotted an industrial plot by MIDC on a 95-year lease and had constructed a factory building on the leased land. Petitioner assigned its leasehold rights, …

Judicial Corner: Transfer of Leasehold Rights Not Taxable Under GST { Aerocom Cushions Pvt. Ltd. v. Assistant Commissioner (Anti-Evasion), CGST & CX 2026:BHC-NAG:348-DB (Bombay High Court, Nagpur Bench, 09.01.2026)}(08.07.2026) Read More »

Extended limitation under sec. 74 justified as non-response to DRC-01A and DRC-01 construed as suppression{ [2026] 187 taxmann.com 1105 (Madras)} Facts The department issued DRC-01A intimations and DRC-01 show cause notices for FY 2018-19 and 2019-20 after scrutiny. Petitioner did not submit any reply or provide the requested information. Consequently, the department passed ex parte …

Judicial Corner: Extended limitation under sec. 74 justified as non-response to DRC-01A and DRC-01 construed as suppression{ [2026] 187 taxmann.com 1105 (Madras)} (07.07.2026) Read More »