Latest update 07.08.2026

latest update

Limitation for filing GST appeal runs from the date of actual communication of the order as declared by the dealer unless rebutted by the Revenue through cogent material

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The Hon’ble Allahabad High Court in Wilh Loesch India Pvt. Ltd. quashed the appellate order dismissing the appeal solely on the ground of limitation, without entering into the merits, and held that once the Assessee discloses the actual date of communication of the adjudication order

Circular No. 35/2026- Customs dated 06.08.2026

CBIC issued Circular no. 35/2026-Customs dated 06.08.2026 regarding SOP for clearance of imported goods through Foreign Post Offices under the Postal Import Regulations, 2025 “.

Notification No.20/2026-Customs (ADD) dated 05.08.2026

CBIC issued Notification no. 20/2026-Customs (ADD) dated 05.08.2026 Seeking to continue anti dumping duty on imports of “Phthalic Anhydride” originating in or exported from China PR and Korea RP for a further period of 5 years pursuant to sunset review by DGTR.

DGFT Trade Notice 16/2026-27 dt 06.08.2026

DGFT issued Trade Notice 16/2026-27 dated 06.08.2026 regarding Inclusion of eligible DPIIT-Recognized Start-ups under “Source from India” on the Trade Connect ePlatform

Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains why

When Mr Marathikyathanahalli, a retired teacher from Mysore, deposited Rs 1.33 crore in cash into his bank account, it triggered the red flag risk management’ strategy (RMS) established by the CBDT

Corrugated Packaging MSMEs Seek GST Neutrality Over Inverted Tax Structure

The Rs 40,000-crore corrugated packaging industry, dominated by MSMEs, has raised concerns over the GST structure effective from September 2025, under which the tax on kraft paper was increased to 18 percent  while the levy on finished corrugated boxes was reduced to 5 percent.

Handbook on Safe Harbour Rules : ICAI

The Institute of Chartered Accountants of India (ICAI), has released the “Handbook on Safe Harbour Rules” to provide comprehensive and practical guidance

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