CORRIGENDUM OF NOTIFICATION NO 20 OF 2026 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 16th March, 2026 INCOME-TAX G.S.R. 189(E).— In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), published in the Gazette of India, Extraordinary, Part… Read More »
Government and RBI Strengthen Measures Against Fraudulent Loan Apps Regulatory framework, Digital Lending Apps (DLA) directory and cybercrime reporting mechanisms strengthen consumer protection in digital lending Posted On: 17 MAR 2026 4:44PM by PIB Delhi Reserve Bank of India (RBI) had constituted a Working Group on Digital Lending including lending through Online Platforms and Mobile… Read More »
ICAI’s 2026 GST Ruling Compilation: Judicial Trends and Landmark Protections for Taxpayers The Institute of Chartered Accountants of India (ICAI) has launched the second edition of its curated compilation of landmark GST judgments and advance rulings. This updated edition (February 2026) serves as a critical resource for professionals to understand the evolving judicial interpretation of… Read More »
ICAI 2026 Bank Audit Guidance: Strengthening Financial Oversight and Audit Quality in Modern Banking The Institute of Chartered Accountants of India (ICAI) has released the 2026 Edition of the Guidance Note on Audit of Banks. This comprehensive update is designed to equip auditors with the necessary tools to handle the evolving complexities of the banking… Read More »
Govt/Property Owners Liable for Organiser’s Compliance with GST The Government has introduced a significant shift in accountability for GST compliance regarding events held on government-owned or private commercial properties. Under the new guidelines, property owners and government departments may now be held secondary liable if event organisers fail to meet their GST obligations. Key Highlights… Read More »
IMPORTANT GST CASE LAWS 17.03.2026 Relevant Act Section / Topic Case Law Title / Authority Brief Summary Citation GSTN Advisory Pre-deposit GSTN Advisory on DRC-03A Payments made via DRC-03 during investigations are not automatically linked to Demand IDs. Taxpayers must file DRC-03A to ensure these are recognized as mandatory pre-deposits for filing appeals. Click Here… Read More »
Supreme Court’s COVID-19 Extension Overrides GST Refund Deadlines: Allahabad High Court Ruling This ruling (delivered in February 2026) serves as a critical reminder that the Supreme Court’s Suo Motu directions regarding the COVID-19 pandemic provide a mandatory “blanket exclusion” for limitation periods, which tax authorities cannot ignore when processing refund applications. The Legal Conflict: Section… Read More »
Advisory on the Payment of pre-deposit while filing of appeal before First Appellate authority Mar 14th, 2026 Please click on the link below to view the Advisory on the Payment of pre-deposit while filing of appeal before First Appellate authority. https://tutorial.gst.gov.in/downloads/news/final_advisory_for_payment_of_pre_deposit_through_drc_03.pdf
Advisory regarding confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B-reg Mar 16th, 2026 1. In terms of the provisions of Section 50 of the Central Goods and Services Tax (CGST) Act, 2017, interest is payable where the tax liability pertaining to a previous tax period is discharged in a subsequent tax period. Accordingly,… Read More »
Delhi High Court: Quashing Of GST Orders Against Amalgamated Entities Subject To Full Pre-Deposit This ruling (delivered in March 2026) highlights the interplay between corporate restructuring (NCLT schemes) and GST liability. It establishes that while a non-existent entity cannot be pursued, the successor (amalgamated) entity must still prove its case, often requiring a “pre-deposit” to… Read More »