Daily Updates

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 …

Judicial Corner: Reassessment in name of amalgamating (non-existent) company invalid despite prior intimation of amalgamation to AO (13.03.2026) Read More »

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, …

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.(12.03.2026) Read More »

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 …

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.(12.03.2026) Read More »

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 …

Judicial Corner: Quasi-judicial power cannot be exercised under dictation cancellation order set aside (12.03.2026) Read More »

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 …

Judicial Corner: 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)} (11.03.2026) Read More »

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 …

Judicial Corner: Adjudication order proceeded on a basis absolutely different than one indicated in SCN was to be set aside (10.03.2026) Read More »

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 …

Judicial Corner: HC directs GST authority to open portal to enable assessee to rectify GSTR-1 as there was no loss to revenue. (09.03.2026) Read More »

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 …

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. (06.03.2026) Read More »

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 …

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 March 31, 2028. (03.03.2026) Read More »

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 …

Maharashtra Profession Tax: 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. (03.03.2026) Read More »

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 …

Judicial Corner:Refund can’t be denied for portal upload limits shipping bill size issue won’t defeat substantive compliance (02.03.2026) Read More »

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. …

Judicial Corner: 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 (26.02.2026) Read More »

DGFT: Modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of wheat of 25 LMT has been notified [Public Notice No. 49 /2025-26 dated 24.02.2026]

DGFT: Modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of additional quantity of 5LMT of wheat flour and related products falling under HS Code 1101 has been notified [Public Notice No. 48 /2025-26 dated 24.02.2026]

DGFT: Export of an additional 5 Lakh Metric Tonnes (LMT) of wheat flour and related products (HS Code 1101) has been permitted. This quota is in addition to the quantity previously allowed in January 2026, though the general export policy for these items remains “Prohibited.” [DGFT Notification No. 61/2025-2026 dated 24.02.2026]

DGFT: Export of 25 Lakh Metric Tonnes (LMT) of Wheat has been allowed under a specific quota, even though the general export policy remains “Prohibited.” Additional exports may be permitted beyond this limit to support the food security needs of other countries upon their government’s request. [DGFT Notification No. 62/2025-2026 dated 24.02.2026]

DGFT: Online Application for allocation of Tarrif rate Quota (TRQ) under the above FTA’s for FY 2026-27 has been extended from 28.02.2026 to 15.03.2026. [Public Notice No. 50/2025-26 dated 24.02.2026]

DGFT: Corrigendum to the rationalisation of RoDTEP rates has been issued to clarify that the 50% reduction in rates and value caps shall not apply to export products falling under ITC HS Chapters 01 to 24. [Corrigendum to DGFT Notification No. 60/2025-2026 dated 24.02.2026]

Customs: Updated tariff values for Edible oils, gold, silver, and areca nuts have been notified. Changes apply from 25th February 2026. [Notification No. 23/2026-CUSTOMS (N.T.) dated 24.02.2026]

Service of SCN only through the GST portal, without exhausting other modes, is invalid and vitiates the assessment due to violation of natural justice. { V.S.Muruganandam vs. Deputy State Tax Officer -II [2026] 183 taxmann.com 558 (Madras)} Facts The tax department issued a SCN and subsequently passed an assessment order against the assessee. Both the …

Judicial Corner: Service of SCN only through the GST portal, without exhausting other modes, is invalid and vitiates the assessment due to violation of natural justice. (24.02.2026) Read More »