Recap of Latest updates posted on 12.07.2026
GSTAT has introduced a special Token Mechanism
GSTAT has introduced a special Token Mechanism vide Order No. 156/2026 dated 10 July 2026.
Can GSTAT portal be the common portal
Can GSTAT portal be the common portal vide Rule 40 for communication without the same being notified by Government on the recommendation of the Council under Section 146
Notification no. 80/2026 dated 10.07.2026- Income tax
CBDT issued notification no. 80/2026 dated 10.07.2026 to hereby notify that no deduction of tax shall be made under the provisions of the Income tax Act, 2025
Notification no. 81/2026 dated 10.07.2026- Income tax
CBDT issued notification no. 81/2026 dated 10.07.2026 to hereby specify Principal Secretary, Cooperation, Marketing and Textile Department, Government of Maharashtra for the purposes of sharing of information regarding income tax
Punjab tax dept arrests ‘mastermind’ of Rs 55cr fake billing racket
The Punjab state taxation department has arrested the alleged mastermind of a Rs 55-crore fake billing racket that enabled fraudulent input tax credit (ITC) claims worth Rs 8.35 crore, finance minister Harpal Singh Cheema said on Thursday.
Cummins India faces Income Tax Dept appeal in Bombay HC over ₹211 cr ITAT relief
Cummins India Ltd informed exchanges that the Income Tax Department has filed appeals before the Bombay High Court against an ITAT order that had granted relief to the company in respect of adjustments amounting to ₹210.77 crore.
Over 17 million taxpayers file ITRs ahead of July 31 deadline: I-T deptt
Over 17 million I-T returns have been filed for 2025-26 financial year so far, the Income Tax Department said on Saturday.
Take up GST cut on commercial LPG with Centre, hoteliers ask Andhra government
A delegation of the Andhra Pradesh Star Hotels Association (ASHA), led by its president R.V. Swamy, met Civil Supplies Minister Nadendla Manohar on Thursday (July 9, 2026)
The Hon’ble Telangana High Court in the case of Bharat Kumar Agarwal held that where a composite Order-in-Original and Form GST DRC-07 is issued jointly against a company and its Managing Director, thereby depriving the unregistered Managing Director of the statutory right to appeal
Corporate Guarantee Without Consideration Not Taxable Under GST
The Hon’ble Bombay High Court in the case of D P Jain & Co. Infrastructure Private Limited held that executing a corporate guarantee by a holding company in favour of its subsidiary, without any consideration, is not a “supply” or “supply of service” taxable under Section 9 of the CGST Act, 2017.
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