The Madras High Court held that Section 74 cannot be invoked without allowing the assessee to produce evidence establishing genuine supply of goods. The matter was remanded for fresh consideration after granting a reasonable opportunity.
The Madras High Court quashed a GST assessment on seigniorage fees after finding that the taxpayer’s reply was ignored. It remanded the matter and stayed enforcement until the Supreme Court decides the tax issue.
Gujarat AAR held that compensation recovered from transporters for contractual breaches is liquidated damages and not liable to GST.
Madras High Court held that notifications under Sections 9 and 11 of the CGST Act cannot exceed GST Council recommendations. Unsupported additions were declared ultra vires.
Fastenex Private Limited Vs State Tax Officer (Inspection-VI) (Madras High Court) The Madras High Court delivered a common order in a batch of writ petitions concerning proceedings initiated under Section 74 of the Central Goods and Services Tax Act, 2017 and the Tamil Nadu Goods and Services Tax Act, 2017. The judgment arose from a […]
Explore the major notifications, circulars, and judicial developments issued during 22–28 June 2026, covering Income Tax, GST, RBI, SEBI, Customs, MCA, and FEMA regulations.
Gujarat AAR held that eligible charitable and Government-funded training services qualify for GST exemption, while some activities did not.
Rule 46(8) mandates daily backups of electronic books on servers located in India, strengthening digital tax compliance and data integrity requirements.
CBDT allows eligible salaried taxpayers with LTCG up to ₹1.25 lakh under section 112A to file ITR-1, simplifying return filing for small investors.
GSTN has made Ship-To GSTIN mandatory for specified transactions and introduced E-Way Bill changes to improve compliance, data accuracy, and logistics tracking.
