Daily Updates

GST Parallel Proceedings: Section 6(2)(b) Applies Only to the Same Subject Matter {M/s Ramada Engineering Industry v. Additional Commissioner (Adjudication) & Anr. SLP (C) No. 21470/2026}  Facts The taxpayer, Ramada Engineering Industry, faced two GST proceedings. Section 73 proceedings were initiated for FY 2019–20 for incorrect declaration of tax liability and excess ITC. Subsequently, Section …

Judicial Corner:GST Parallel Proceedings: Section 6(2)(b) Applies Only to the Same Subject Matter {M/s Ramada Engineering Industry v. Additional Commissioner (Adjudication) & Anr. SLP (C) No. 21470/2026} (11.08.2026) Read More »

Custom CBIC has introduced a new Standard Operating Procedure (SOP) for personal imports through Foreign Post Offices (FPOs). Customs will use a digital and risk-based system for checking and clearing these goods. If documents are not submitted within 30 days, Customs may complete the assessment based on available information. Commercial imports will continue under the …

Customs : CBIC has introduced a new Standard Operating Procedure (SOP) for personal imports through Foreign Post Offices (FPOs). Customs will use a digital and risk-based system for checking and clearing these goods. If documents are not submitted within 30 days, Customs may complete the assessment based on available information. (10.08.2026) Read More »

Custom: The Government has extended the anti-dumping duty on Phthalic Anhydride imported from China and South Korea for another 5 years. This is to protect Indian companies from cheap imports and support local manufacturers. (Notification No. 20/2026-Customs (ADD) | Dated: 05.08.2026)

DGFT: DGFT has issued the operating rules for the new Inventory-based E-Commerce Export Framework. Registered exporters must apply through ANF-9A, keep proper digital records, follow export rules, share export benefits with sellers, and maintain records for five years. (Public Notice No. 25/2026-27-DGFT | Dated: 05.082026)

DGFT has given exporters 3 more months to follow the mandatory i-CAS Halal certification requirement for exporting specified meat and meat products to Egypt. The new implementation period is 9 months instead of 6 months, giving more time for certification arrangements. (Notification No. 28/2026-27-DGFT | Dated: 05.08.2026)

DGFT:  DGFT has introduced a new Inventory-based Cross-border E-commerce export system effective from 5 August 2026. It allows registered exporters to keep goods only for export, pay Indian sellers on time, maintain proper stock records, share export benefits correctly, and follow return and export rules. (Notification No. 27/2026-27-DGFT | Dated: 05.08.2026)

Recovery of GSTR-1/GSTR-3B mismatch invalid without prior DRC-01B notice & Rule 88C compliance { P.R. Productions vs. Assistant Commissioner of Central Tax [2026] 188 taxmann.com 442 (Telangana)} Facts: Department noticed a mismatch between the tax liability declared in the assessee’s GSTR-1 and GSTR-3B returns. Without issuing an intimation in Form GST DRC-01B as required under …

Judicial Corner: Recovery of GSTR-1/GSTR-3B mismatch invalid without prior DRC-01B notice & Rule 88C compliance (06.08.2026) Read More »

DGFT: DGFT has notified 7 new Standard Input Output Norms (SIONs) for chemical and pharmaceutical products under FTP 2023. This will allow eligible exporters to get Advance Authorisations faster from Regional Authorities without approval from the Norms Committee. (Public Notice No. 23/2026-27-DGFT | Dated: 03.08.2026)

DGFT: The DGFT has invited applications for Tariff Rate Quota (TRQ) under the India–Oman Comprehensive Economic Partnership Agreement (CEPA) for FY 2026–27. Eligible importers can apply from 04.08.2026 to 19.08.2026 for products such as dates, marble, petrochemicals, and aluminium. Required documents must be submitted along with the application for eligible products. (Public Notice No. 24/2026-27-DGFT …

DGFT: The DGFT has invited applications for Tariff Rate Quota (TRQ) under the India–Oman Comprehensive Economic Partnership Agreement (CEPA) for FY 2026–27. Eligible importers can apply from 04.08.2026 to 19.08.2026 for products such as dates, marble, petrochemicals, and aluminium. Required documents must be submitted along with the application for eligible products. (05.08.2026) Read More »

Excise Duty: The Central Government has increased the Road and Infrastructure Cess (RIC) on exported diesel to ₹1.5 per litre. The revised rate came into effect from 3 August 2026. (Notification No. 42/2026-Central Excise | Dated: 03.08.2026)

Excise Duty: The Central Government has increased the Special Additional Excise Duty (SAED) on exported Aviation Turbine Fuel (ATF) to ₹22 per litre. The revised rate came into effect from 3 August 2026. (Notification No. 41/2026-Central Excise | Dated: 03.08.2026)  

EXCISE DUTY The Central Government has increased the Special Additional Excise Duty (SAED) on exports of petrol and diesel. From 3 August 2026, the duty is ₹3.5 per litre for petrol and ₹24 per litre for diesel. (Notification No. 40/2026-Central Excise | Dated: 03.08.2026)

Customs: CBIC has introduced an Express Cargo Clearance System (ECCS) Refund Module for online filing and processing of courier import refund claims. Manual filing is allowed until 30 September 2026, after which electronic filing will generally be mandatory. (Circular No. 34/2026-Customs, dated 30.07.2026)

Customs: The Central Government has extended the anti-dumping duty on untreated fumed silica from China until 10 February 2027, unless it is revoked, superseded, or amended earlier. (Notification No. 66/2021-Customs (ADD), dated 31.07.2026)

CUSTOM The CBIC, through this notification, has revised the customs tariff values for specified imported goods with effect from 1 August 2026. The revised tariff values include US$ 1,211/MT for Crude Palm Oil, US$ 1,212/MT for RBD Palm Oil and Other Palm Oil, US$ 1,222–1,225/MT for different types of Palmolein, US$ 1,255/MT for Crude Soyabean …

Customs: The CBIC, through this notification, has revised the customs tariff values for specified imported goods with effect from 1 August 2026.(04.08.2026) Read More »

GST Proceedings Against Non-Existent Amalgamated Company { IDFC Alternatives Ltd. (merged with IDFC First Bank Ltd.) v. Union of India & Others WRIT PETITION NO. 1787 OF 2026} Brief Facts IDFC Alternatives Ltd. amalgamated with IDFC First Bank Ltd. Pursuant to the amalgamation, IDFC Alternatives Ltd. ceased to exist. The GST Department nevertheless issued a …

Judical Corner: GST Proceedings Against Non-Existent Amalgamated Company (31.07.2026) Read More »

Income Tax CBDT has issued Notification Nos. 99/2026 and 100/2026, both dated 27th July, 2026, notifying the Chhattisgarh Real Estate Regulatory Authority (PAN: AAAJC1049H) for exemption of its specified income under the Income-tax Act, 1961 and the Income-tax Act, 2025, respectively. The exemption covers government grants/loans, fees and penalties received from builders, developers, agents and …

Income Tax: CBDT has issued Notification Nos. 99/2026 and 100/2026, both dated 27th July, 2026, notifying the Chhattisgarh Real Estate Regulatory Authority (PAN: AAAJC1049H) for exemption of its specified income under the Income-tax Act, 1961 and the Income-tax Act, 2025, respectively. (28.07.2026) Read More »

Income Tax The Central Board of Direct Taxes (CBDT), has issued Notification No. 98/2026 dated 27th July, 2026, notifying the Fees Regulating Authority (PAN: AAAJF0167B) under section 10(46) of the Income-tax Act, 1961. The notification exempts its income comprising processing fees, interest, penalties and other charges from private professional educational institutions, grants/reimbursements from the Government …

Income Tax : The Central Board of Direct Taxes (CBDT), has issued Notification No. 98/2026 dated 27th July, 2026, notifying the Fees Regulating Authority (PAN: AAAJF0167B) under section 10(46) of the Income-tax Act, 1961. The notification exempts its income comprising processing fees, interest, penalties and other charges from private professional educational institutions, grants/reimbursements from the Government of Maharashtra, and interest on bank deposits and investments.(28.07.2026) Read More »

GST The Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, has issued Circular No. 256/02/2026-GST dated 25th July, 2026, clarifying the procedure for filing departmental appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) against orders passed by the appellate authority in cases where the original adjudication was undertaken by a …

GST:The Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, has issued Circular No. 256/02/2026-GST dated 25th July, 2026, clarifying the procedure for filing departmental appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) against orders passed by the appellate authority in cases where the original adjudication was undertaken by a Common Adjudicating Authority (CAA) in matters investigated by the Directorate General of GST Intelligence (DGGI).(28.07.2026) Read More »

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 »