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    July 3, 2026   Case Laws Service Tax
    Overseas services consumed abroad were outside reverse charge tax, and the demand failed on classification and limitation.
    July 3, 2026   Case Laws Service Tax
    SEZ refund limitation cannot override the SEZ exemption scheme; time-bar rejection of service tax refund was set aside.
    July 3, 2026   Case Laws Service Tax
    Principal-to-principal cargo space trading is not taxable service; markup alone cannot create service tax liability.
    July 3, 2026   Case Laws Service Tax
    VCES finality and non-commercial construction classification defeat most service tax demands, while only admitted manpower supply tax survives
    July 3, 2026   Circulars Customs
    Pan-India SCMTR rollout extends transitional relief and bars penal action for filing difficulties until 31 August 2026.
    July 2, 2026   Notifications Money Laundering
    Aadhaar authentication for PMLA compliance extended to a new reporting entity under RBI consultation
    July 2, 2026   Notifications Customs
    Customs tariff values revised for edible oils, brass scrap, gold, silver and areca nuts from 1 July 2026.
    July 2, 2026   Circulars DGFT
    EPM compliance support revised with higher MSME reimbursement, two-stage claims, and export-linked instalment release
    July 2, 2026   Circulars DGFT
    Market access support guidelines amended: BSM delegation size cut to 25 and advance grants must be refunded promptly on cancellation.
    July 2, 2026   Case Laws GST
    Single notice cannot club multiple financial years under GST limitation rules; writ relief remains available for jurisdictional error
    July 2, 2026   Case Laws GST
    Restoration of cancelled GST registration where return defaults were non-fraudulent and dues were paid on time
    July 2, 2026   Case Laws GST
    GST personal hearing under Section 75(4) is mandatory when requested or before adverse orders, and denial vitiates adjudication
    July 2, 2026   Case Laws GST
    Extended limitation under GST upheld for suppression, with ex parte assessments remitted for fresh hearing on conditions
    July 2, 2026   Case Laws GST
    Subsequently filed return must be considered before maintaining a non-filing order, with matter remanded for fresh decision
    July 2, 2026   Case Laws Income Tax
    Prospective monetary limit exceptions bar retrospective use in departmental appeals, leaving pending low-tax-effect appeals non-maintainable.
    July 2, 2026   Case Laws Income Tax
    CBDT monetary-limit exception covers enforcement agencies akin to CBI, ED and DRI; VAT department not excluded
    July 2, 2026   Case Laws Income Tax
    Reassessment against a non-existing entity fails without notice to the successor and a draft faceless assessment order
    July 2, 2026   Case Laws Income Tax
    Section 154 rectification and overseas agent commission: correction upheld, but tax-deduction disallowance deleted on merits
    July 2, 2026   Case Laws Income Tax
    Resale Price Method for routine distributors prevails where imported goods are resold without value addition or local intangibles.
    July 2, 2026   Case Laws Income Tax
    Prospective amendment to the specified-sum definition cannot sustain penalty on earlier-year cash advances for property transactions.
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July 3, 2026   Case Laws Service Tax
Overseas services consumed abroad were outside reverse charge tax, and the demand failed on classification and limitation.
July 3, 2026   Case Laws Service Tax
SEZ refund limitation cannot override the SEZ exemption scheme; time-bar rejection of service tax refund was set aside.
July 3, 2026   Case Laws Service Tax
Principal-to-principal cargo space trading is not taxable service; markup alone cannot create service tax liability.
July 3, 2026   Case Laws Service Tax
VCES finality and non-commercial construction classification defeat most service tax demands, while only admitted manpower supply tax survives
July 3, 2026   Circulars Customs
Pan-India SCMTR rollout extends transitional relief and bars penal action for filing difficulties until 31 August 2026.
July 2, 2026   Notifications Money Laundering
Aadhaar authentication for PMLA compliance extended to a new reporting entity under RBI consultation
July 2, 2026   Notifications Customs
Customs tariff values revised for edible oils, brass scrap, gold, silver and areca nuts from 1 July 2026.
July 2, 2026   Circulars DGFT
EPM compliance support revised with higher MSME reimbursement, two-stage claims, and export-linked instalment release
July 2, 2026   Circulars DGFT
Market access support guidelines amended: BSM delegation size cut to 25 and advance grants must be refunded promptly on cancellation.
July 2, 2026   Case Laws GST
Single notice cannot club multiple financial years under GST limitation rules; writ relief remains available for jurisdictional error
July 2, 2026   Case Laws GST
Restoration of cancelled GST registration where return defaults were non-fraudulent and dues were paid on time
July 2, 2026   Case Laws GST
GST personal hearing under Section 75(4) is mandatory when requested or before adverse orders, and denial vitiates adjudication
July 2, 2026   Case Laws GST
Extended limitation under GST upheld for suppression, with ex parte assessments remitted for fresh hearing on conditions
July 2, 2026   Case Laws GST
Subsequently filed return must be considered before maintaining a non-filing order, with matter remanded for fresh decision
July 2, 2026   Case Laws Income Tax
Prospective monetary limit exceptions bar retrospective use in departmental appeals, leaving pending low-tax-effect appeals non-maintainable.
July 2, 2026   Case Laws Income Tax
CBDT monetary-limit exception covers enforcement agencies akin to CBI, ED and DRI; VAT department not excluded
July 2, 2026   Case Laws Income Tax
Reassessment against a non-existing entity fails without notice to the successor and a draft faceless assessment order
July 2, 2026   Case Laws Income Tax
Section 154 rectification and overseas agent commission: correction upheld, but tax-deduction disallowance deleted on merits
July 2, 2026   Case Laws Income Tax
Resale Price Method for routine distributors prevails where imported goods are resold without value addition or local intangibles.
July 2, 2026   Case Laws Income Tax
Prospective amendment to the specified-sum definition cannot sustain penalty on earlier-year cash advances for property transactions.

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GST

GST Council's 53rd meeting recommendations led to amendments in...

Insurance Premium Sharing Between Lead Insurers and Co-insurers Not GST Taxable Under Schedule III CGST Act

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GST January 29, 2025 Circulars
GST Council's 53rd meeting recommendations led to amendments in Schedule III of CGST Act, clarifying two key insurance transactions. First, co-insurance premium apportionment by lead insurers to co-insurers is neither goods nor services supply, provided lead insurer pays all applicable taxes on full premium. Second, ceding/reinsurance commission deducted from reinsurance premium similarly excluded, conditional on reinsurer paying taxes on gross premium including commission. These changes, effective from 01.11.2024, also include retrospective regularization from 01.07.2017 to 31.10.2024 on 'as is where is' basis, resolving historical tax treatment ambiguities in insurance sector transactions.
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Acts Income Tax
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