Latest update 12.08.2026

latest update

Recap of Latest updates posted on 11.08.2026

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Two Commas, One Limitation Period: An Interesting Interpretative Question under Section 113(3) of the CGST Act

Section 113(3) of CGST Act, 2017 contains provision for rectification of order by the GSTAT . There are two commas placed in the provision.

GST Portal downtime 12.08.26

GSTN is taking downtime to enhance its services on the GST Portal on 12.08.2026 from 12:30 AM onwards until 3:00 am of 12.08.2026.

DGFT Trade Notice 17/2026-27 dt 07.08.2026

DGFT issued Trade Notice 17/2026-27 dated 07.08.2026 regarding Institutional Transition of Implementing Agency from the Reserve Bank of India (RBI) to the Export-Import Bank of India (EXIM Bank) ..

DGFT Trade Notice 18/2026-27 dt 10.08.2026

DGFT issued Trade Notice 18/2026-27 dated 10.08.2026 regarding Review and re-allocation of allocated Export Quota of Wheat under HS Codes 10011900 and 10019910

DGFT Trade Notice 19/2026-27 dt 11.08.2026

DGFT issued Trade Notice 19/2026-27 dated 11.08.2026 on subject : Advisory against 2 Bhutanese firms as per para 8.07 (d) of Foreign Trade Policy- 2023

Notification No. 69/2026-Customs (N.T.) dated 10.08.2026

CBIC issued Notification No. 69/2026-Customs (N.T.) dated 10.08.2026 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Income tax returns Forms AY 2026-27

Income tax Return forms and its version for AY 2026-27

Income tax Forms (Income tax Act, 1961)

Income tax Return forms and its version for AY 2026-27

Notification no. 111/2026 dated 10.08.2026- Income tax

CBDT issued notification no. 111/2026 dated 10.08.2026 to provide deduction u/s section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves Sir Ganga Ram Trust Society, Delhi for Scientific Research under the category of university, college or other institution.

Govt To Soon Notify Rules For Online Lower Or Nil TDS Certificate Applications: MoS Finance

The Income Tax Department is in the process of framing rules to implement a key provision from the Union Budget 2026–27

Gratuity tax deduction of ₹79.25 lakh denied over wrong ITR schedule, ITAT Chennai rules in taxpayer’s favour

A company that lost a ₹79.25 lakh gratuity deduction because of an error in its income tax return has won relief from the Income Tax Appellate Tribunal (ITAT), Chennai.

Jammu Kashmir Received Rs 14,478 Crore in GST Compensation Since 2017-18: Centre

Jammu and Kashmir has received a total of Rs 14,477.7 crore in GST compensation and related surplus cess distributions since the implementation of the Goods and Services Tax (GST) in 2017-18, the Union Government informed the Lok Sabha on Monday.

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