Monthly Archives: January 2026

High Court Refuses to Quash FIR in GST Fraud Case: Allegations of “Paper Transactions” and Non-Existent Firms Disclose Cognizable Offence; Trial Court is Appropriate Forum

By | January 9, 2026
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High Court Refuses to Quash FIR in GST Fraud Case: Allegations of “Paper Transactions” and Non-Existent Firms Disclose Cognizable Offence; Trial Court is Appropriate Forum   ISSUE Whether the High Court should exercise its inherent jurisdiction under Section 482 of CrPC to quash an FIR alleging GST fraud (fake invoices/wrongful ITC) at the pre-trial stage,… Read More »

Category: GST

High Court Orders Lifting of Bank Attachment Conditional on 20% Pre-Deposit; Directs Appellate Authority to Expedite Decision on Pending Appeal Against Rectification Rejection

By | January 9, 2026
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High Court Orders Lifting of Bank Attachment Conditional on 20% Pre-Deposit; Directs Appellate Authority to Expedite Decision on Pending Appeal Against Rectification Rejection ISSUE Whether a Writ Petition is maintainable when the assessee approaches the Court only after recovery proceedings (bank attachment) have been initiated, despite having a pending statutory appeal. Whether the attachment of… Read More »

Category: GST

Frequently Asked Questions (FAQs) for Health Security se National Security (HSNS) Cess Act, 2026 and HSNS Cess Rules, 2026

By | January 3, 2026
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Frequently Asked Questions (FAQs) for Health Security se National Security (HSNS) Cess Act, 2026 and HSNS Cess Rules, 2026 Posted On: 02 JAN 2026 5:03PM by PIB Delhi Q1. Who is required to get registered under the HSNS Cess Rules? Ans. Every taxable person as per section 3 of the Health Security se National Security Cess Act, 2025… Read More »

Government Notifies Health Security se National Security Cess Rules, 2026

By | January 3, 2026
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Government Notifies Health Security se National Security Cess Rules, 2026 The Central Government has established a comprehensive framework for the implementation of the Health Security se National Security Cess Act, 2025. The key details of the newly notified rules are as follows: Notification & Effective Date: Notified By: Ministry of Finance, Department of Revenue via… Read More »

Income Tax Department Releases Excel Utilities for Updated ITRs (AY 2025-26)

By | January 3, 2026
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Income Tax Department Releases Excel Utilities for Updated ITRs (AY 2025-26)   Release of Utilities: The Income Tax Department has officially released the Excel Utilities for filing Updated Income Tax Returns (ITRs) for Assessment Year 2025-26. Effective Date: These utilities were enabled on January 01, 2026. Coverage: The new utilities cover all ITR forms, specifically… Read More »

Madras HC: No GST on Corporate Guarantees Without Consideration if Recipient is Eligible for Full ITC

By | January 3, 2026
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Madras HC: No GST on Corporate Guarantees Without Consideration if Recipient is Eligible for Full ITC Amman Try Trading Company Private Limited v. State Tax Officer – V (Roving Squad)  Madras High Court October 06, 2025 Summary of the Ruling: The Madras High Court quashed a GST demand levied on a corporate guarantee provided without… Read More »

December 2025 GST Collections: Modest Growth Amidst Rate Cuts

By | January 3, 2026
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December 2025 GST Collections: Modest Growth Amidst Rate Cuts   Total Collections: India’s gross Goods and Services Tax (GST) revenue for December 2025 reached ₹1,74,550 crore, marking a year-on-year growth of 6.1%. Impact of Reforms: The subdued growth rate is attributed to significant tax rate cuts across various sectors that came into effect on September… Read More »

Category: GST

Tobacco Excise Overhaul: Capacity-Based Levy and Revised Rates Effective Feb 2026

By | January 3, 2026
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Tobacco Excise Overhaul: Capacity-Based Levy and Revised Rates Effective Feb 2026 1. Capacity-Based Levy Reintroduced Section 3A Notification: The government has notified chewing tobacco, Jarda scented tobacco, and Gutkha under Section 3A of the Central Excise Act, 1944. This mandates that excise duty for these products will be levied based on the production capacity of… Read More »

Zero Compensation Cess: Major Shift for Pan Masala & Tobacco

By | January 3, 2026
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Zero Compensation Cess: Major Shift for Pan Masala & Tobacco Government Notification Issued The Central Government, through Notification No. 03/2025-Compensation Cess (Rate) dated December 31, 2025, has officially notified the reduction of the Goods and Services Tax (Compensation to States) Cess to “Nil” for specified pan masala and tobacco products. Effective Date This new “Nil”… Read More »

Government Notifies CGST (Fifth Amendment) Rules, 2025: Introduction of Retail Sale Price-Based Valuation

By | January 3, 2026
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Government Notifies CGST (Fifth Amendment) Rules, 2025: Introduction of Retail Sale Price-Based Valuation 1. Introduction of Rule 31D for Valuation New Valuation Method: A new Rule 31D has been inserted into the CGST Rules, 2017. Basis of Valuation: For notified goods, the value of supply shall be deemed to be the Retail Sale Price (RSP)… Read More »