Latest update 26.02.2024

Union Commerce and Industry Minister Piyush Goyal on Wednesday set March 31, 2027 , as the deadline for complete digitisation of services provided by the Directorate General of Foreign Trade (DGFT), aiming to eliminate the need for physical visits to its offices from 01.04.2027

The Income Tax Appellate Tribunal (ITAT) is open to setting up a camp office at Shimla for Himachal Pradesh litigants and considering a similar arrangement for Jammu and Kashmir, even as it rules out the feasibility of a separate regular Bench for Himachal Pradesh because of its relatively small contribution to the pending caseload at Chandigarh.

Directorate General of Systems and Data Management issued advisory on Mandatory additional qualifiers in export declaration in respect of certain textile products w.e.f. 01.11.2026

A Pune woman has won a ₹60 lakh income tax dispute after the Income Tax Appellate Tribunal (ITAT) accepted her explanation that the cash deposited in her bank account had been gifted by her late husband for her and their two minor daughters.

The government has begun a review of basic customs duty concessions and exemptions currently applicable to 118 products as part of the budget 2027-28 exercise, people familiar with the discussions said.

The Securities and Exchange Board of India (SEBI) has recommended scrapping long-term capital gains (LTCG) tax on equity investments by foreign investors and proposed tax relief for domestic mutual fund investors switching between schemes.

The Goods and services tax (GST) authorities are planning to electronically record details of invoices issued by shops and businesses to retail consumers under a pilot project covering select sectors from April 1, 2027, to improve tax compliance, two officials told Business Standard.

The Institute of Chartered Accountants of India (ICAI) published second edition of Handbook on Liability to Pay in Certain Cases under GST in October 2026.

Directorate General of Systems and Data Management issued advisory on 07.10.2026 regarding Movements of Goods between SEZ to SEZ on ICES.

GSTR 3B Changes – Public consultation

The District Court, Saket (South District), New Delhi in Rajinder Kumar Sethi decreed the suit for recovery of professional fees of Rs. 5,25,000/- filed by an Advocate who had represented the assessee in GST refund proceedings up to the first appellate stage, and held that the assessee cannot, by way of an afterthought, make payment of the agreed professional fees contingent upon the refund being credited to its bank account when no such agreement existed between the parties.

The Hon’ble Delhi High Court in Treco Wire India Private Limited set aside the Order-in-Original confirming a demand of ITC of Rs. 3,34,21,261/- along with interest and an equal penalty under Section 74 of the CGST Act, raised on the ground that the registrations of the suppliers had been cancelled retrospectively,

The Telangana AAR in the matter of M/s. Sai Silks Kalamandir Limited ruled that ITC on expenses incurred in the course of an IPO relating to the fresh issue of shares is eligible to be claimed when the net proceeds are utilised for furtherance of business

The Hon’ble Telangana High Court (Full Bench) in Gudla Vanaja and Ors. answered the reference against the assessees and rejected the challenge to the Show Cause Notices and adjudication orders uploaded on the common portal without a visible physical or digital signature, and held that the presence of a digital signature on the Forms is not a requirement for documents covered under Chapter XVIII of the Central Goods and Services Tax Rules, 2017

The GSTAT, Bengaluru Bench in M/s Flora Kingdom Farm Resort dismissed the appeal of the Assessee and sustained the demand of tax, interest and penalty on ITC availed on goods and services used for construction of a resort

The Supreme Court issued notice in a plea challenging the Gauhati High Court judgment on the computation of the three-month period under Section 73(2) of the CGST Act for issuance of SCN, and directed the matter to be listed with a similar pending petition.

Government of India taken following decisions for process reforms

It is hereby informed that, in view of the substantial volume of E-Way Bills generated, the existing numbering capacity is expected to be exhausted.