Latest update 19.07.2026

Recap of Latest updates posted on 18.07.2026

Delhi’s Q1 tax collections cross ₹16,800 crore, outpace last year

Delhi registered tax revenue collections of over ₹16,800 crore in the first quarter of the 2026-27 financial year, higher than the corresponding quarter in the last year, according to official data released on Thursday.

ITR filings likely to rise as tax compliance improves: Experts

Income tax return (ITR) filings are expected to increase by 8-10 percent in AY 2026-27, extending the steady growth seen in recent years as greater taxpayer awareness, wider reporting through the..

Downstream aluminium bodies seek lower import duty on primary aluminium

Two downstream aluminium industry bodies have urged the Ministry of Mines to reduce the effective Customs duty on primary aluminium, saying the current tariff structure has enabled import-parity pricing by domestic producers, raising input costs and eroding the profitability of micro, small and medium enterprises (MSMEs).

India reimposes customs duties on key petrochemicals as import waiver lapses

India has reinstated a 7.5 percent customs duty on a wide range of petrochemical imports after the expiration of a temporary exemption, raising fresh questions for manufacturers and downstream industries dependent on these critical inputs.

Commencement of hearing of cases before the Ahmedabad Bench of the Goods and Services Tax Appellate Tribunal (GSTAT)

GSTAT, Ahmedabad Bench issued Public Notice no. 03/2026 dated 16.07.2026. This is regarding Commencement of hearing of cases before the Ahmedabad Bench of the Goods and Services Tax Appellate Tribunal (GSTAT).

GST Sectoral Guide on Charitable Trusts and NPOs

ICAI release Handbook on “GST Sectoral Guide on Charitable Trusts and NPOs” in June, 2026. This is the first edition on the topic.

GSTAT to Examine Whether Mandatory Pre-Deposit is Payable on Penalty Order Only Passed Prior to October 1, 2025

The Hon’ble GST Appellate Tribunal, Hyderabad Bench in the case of Hero Wiretex Limited issued notice to the Revenue in an appeal challenging penalties imposed under Section 122(1)(ii) and Section 122(1)(vii) of the CGST Act

No Further Pre-Deposit is Required Before the Appellate Tribunal Where the Amount Already Deposited Before the First Appellate Authority Exceeds the Specified Limit of Pre-Deposit Payable on the Reduced Demand

The Hon’ble Goods and Services Tax Appellate Tribunal, Cuttack in the case of Manoranjan Dash held that no further pre-deposit under Section 112(8) of the CGST Act

ITC Cannot Be Denied Solely on the Ground that the Supplier was Subsequently Declared Non-Existent, Without Examining the Documentary Evidence Furnished by the Assessee

The Hon’ble Madras High Court in the case of Clear Secured Service Private Limited held that the Revenue Department cannot confirm a tax proposal denying ITC solely on the ground that the supplier was subsequently declared non-existent

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