Latest update 01.08.2026

latest update

Ratification is no substitute for recommendation – Notifications travelling beyond GST Council recommendations are ultra vires

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The Hon’ble Madras High Court (Madurai Bench) in M/s. Guru and Co. ruled that Central Government cannot travel beyond the recommendations of the GST Council, and that the GST Council, whose power under Article 279A of the Constitution of India is only to make recommendations, does not possess any power to ratify Notifications already issued by the Government.

Advocates ought to be summoned only in rare and exceptional circumstances

The Hon’ble Delhi High Court in Lalitendra Gulani disposed of the writ petition assailing the summons issued under Section 108 of the Customs Act, 1962 to an Advocate calling upon him to disclose a legal opinion rendered to his client on classification of imported goods, after taking on

Supreme Court to examine whether the six-month time limit for issuance of show cause notice under Section 74(2) of the CGST Act is mandatory or directory

The Hon’ble Supreme Court in M/s. Bengal Cold Rollers Private Limited issued notice in the challenge laid to the judgment of the Hon’ble Telangana High Court which had held that the time limit prescribed under Section 74(2) of the CGST Act for issuance of a show cause notice is merely directory and not mandatory..

ITR filing 2026: What happens if you miss the July 31 deadline

taxpayers who are yet to submit their returns need to act before the July 31 deadline. Missing the due date can lead to additional costs, including late filing fees and interest liabilities.

LG Electronics India gets ITAT order deleting ₹1,305 Cr tax additions

LG Electronics India Limited received a favorable order from the Income Tax Appellate Tribunal (ITAT) on July 29, 2026, which deleted tax additions totaling approximately INR 1,305 Crores. The ruling resolves disputes spanning five financial years

State coffers boosted by GST as tax collections outpace economic growth

The Goods and Services Tax (GST) regime has strengthened states’ revenue mobilisation, with state GST (SGST) collections growing faster than the pace of economic expansion since its rollout, according to a report by India Ratings and Research (Ind-Ra).

DGFT, CBIC Integration via ICEGATE Streamlines Export Schemes: Govt to Parliament

The  government on Tuesday told Parliament that the Directorate General of Foreign Trade (DGFT) and the Central Board of Indirect Taxes and Customs (CBIC) maintain regular coordination and electronic data exchange to ensure smooth implementation of export promotion schemes.

Notification No. 68/2026-Customs (N.T.) dated 31.07.2026

CBIC issued Notification No. 68/2026-Customs (N.T.) dated 31.07.2026 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

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