GST refund claims may club successive tax periods across different financial years where otherwise eligible. Accumulated ITC refund under the inverted duty structure is unavailable when input and output supplies are the same goods despite a later GST rate reduction. For tax refunds other than zero-rated supplies or deemed exports, cash-paid tax is refunded in cash and credit-ledger-paid tax is re-credited as ITC. Accumulated ITC refunds are restricted to supplier-uploaded invoices reflected in FORM GSTR-2A, and applicants must state invoice HSN/SAC details where applicable.

SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI GEORGE GEORGE K., JUDICIAL MEMBER For the Assessee : Smt. Tanmayee Rajkumar, Advocate For the Revenue : Dr. Sankar Ganesh K., Addl CIT-DR ORDER Per: George George K., J.M. This appeal at the instance of the assessee is directed against the final assessment order dated 05.08.2022 passed under Section 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961 (the Act). The relevant assessment year is 2017-18. 2. Brief facts of the case ar... ... ...

DR. B. R. R. KUMAR, ACCOUNTANT MEMBER AND SH. YOGESH KUMAR US, JUDICIAL MEMBER For the Assessee : Sh. Pradip Dinodia, CA & Sh. R. K. Kapoor, CA For the Revenue : Sh. Rajesh Kumar, CIT DR ORDER Per Dr. B. R. R. Kumar, Accountant Member: The present appeal has been filed by assessee against the order dated 28.10.2022 passed by the AO u/s 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961. 2. Following grounds have been raised by the assessee: "1) That the Ld. Assessing O... ... ...

The deadline for filing applications to settle tax disputes under the West Bengal Sales Tax (Settlement of Dispute) Act, 1999 is further extended until 30 March 2026. The extension applies to applications made under the statutory settlement mechanism and takes effect immediately.

A separate optional composition levy is introduced for registered persons ineligible for the existing composition scheme, subject to a preceding-year aggregate-turnover ceiling, a prescribed tax rate capped at three per cent of turnover in the State, and conditions barring non-taxable supplies, inter-State outward supplies, specified electronic-commerce supplies, notified manufacturers or service suppliers, casual taxable persons, and non-resident taxable persons. Aadhaar authentication, proof of possession of an Aadhaar number, or prescribed alternative identification becomes required for registered persons and persons seeking registration, subject to notified exemptions.

Professional-tax coverage is expanded irrespective of the employer's headquarters or salary-disbursement location, and the general annual liability is fixed at two thousand five hundred rupees, subject to different scheduled rates. Employers must report hired or supplied manpower, while assessment limitation and turnover-based electronic-payment requirements are revised. GST provisions allow post-supply discounts through credit notes where corresponding input tax credit is reversed, and revise refund processing for unutilised input tax credit and exports with payment of tax.

Sea Cargo Manifest and Transhipment Regulations, 2018 become operational through phased implementation of prescribed electronic messages in the Customs Automated System across ports. Stakeholders are expected to file applicable messages for cargo processing and clearance. SEZ units may onboard during the transition period, while field formations must conduct outreach, issue public notices, and coordinate resolution of system and policy issues. No penal action is to be taken during the implementation phase.

Kar Vivad Samadhan Scheme settlement certificates are conclusive only for tax arrears expressly covered by them. An interest-only certificate for Assessment Year 1993-94 did not bar a refund arising when a brought-forward loss was later set off, because no income-tax demand had been settled. Conversely, for Assessment Year 1995-96, the certificate expressly settled both income tax and interest; a refund based on a later loss set-off would reduce the settled tax demand and was therefore barred. Statutory finality prevents reassessment or refund only to the extent it reopens matters specifically settled under the Scheme.

Composition levy provisions exclude interest or discount on deposits, loans or advances from specified turnover computations. A separate concessional tax option is introduced for registered persons not eligible for the existing composition scheme, subject to turnover eligibility and exclusions for inter-State outward supplies, specified electronic-commerce supplies, and casual or non-resident taxable persons. Registered persons must undergo Aadhaar authentication or furnish proof of Aadhaar possession, with alternate viable identification where Aadhaar has not been assigned. Failure to comply may render registration invalid.

The Central Board of Indirect Taxes and Customs appoints the Assistant/Deputy Commissioner of Customs, Group-II (HK), NS-I, JNCH, Nhava Sheva, as the Common Adjudicating Authority for multiple customs show cause notices concerning M/s Akwel Automative Pune India Pvt. Ltd. The appointment authorises that officer to exercise the powers and discharge the duties of the officers originally assigned to adjudicate the specified proceedings arising from an SVB investigation report.

Documented long-term capital gains from share sales cannot be treated as unexplained cash credits merely because an investigation report alleges penny-stock accommodation entries. Purchases through a registered broker and stock exchange, banking-channel payments, demat-account holdings and sales, and supporting contract notes retain evidentiary value where no defects are identified. A general report concerning the company or its promoters is insufficient without independent evidence linking the investor to operators, price manipulation, or the alleged scheme. On these facts, no addition under Section 68 arises, and the consequential estimated expenditure addition under Section 69C is deleted.

Reverse charge mechanism for fuel-inclusive passenger motor-vehicle rental services applies where a non-body-corporate supplier provides the service to a body corporate and does not issue an invoice charging GST at 12%. Where GST at 12% is charged by the supplier, the body corporate has no reverse-charge liability. A supplier covered by reverse charge must not charge tax from the recipient. The framework is clarificatory and also governs the period from 1 October 2019 to 30 December 2019.

Omission of rule 96(10) of the CGST Rules, 2017, without an accompanying saving clause, applies to proceedings pending on the date of omission. The restrictions previously contained in that sub-rule cannot be enforced in such pending matters. Section 6 of the General Clauses Act, 1897 does not preserve pending proceedings following omission of a rule. Continuance requires an express saving provision or another legal mechanism preserving existing rights and proceedings.

Commencement of the West Bengal Finance Act, 2026 is staggered. Section 1 and specified parts of section 2 took effect immediately upon notification of the Act. Sub-section (1), clause (a) of sub-section (2), and sub-section (4) of section 2 take effect from 1 October 2026. Scheduled provisions notified under clause (b) of sub-section (2) of section 2 are to commence on separately appointed dates.

GST on directors' remuneration depends on whether the director acts as an employee or independently supplies services. Remuneration paid to independent directors and other non-employee directors is taxable, with the company liable under the reverse charge mechanism. For employee-directors, salary recorded in the company's books and subjected to tax deduction applicable to salaries falls within the employee-services exclusion in Schedule III. Separately recorded non-salary remuneration subjected to tax deduction applicable to professional or technical fees is taxable, and GST is payable by the company on reverse charge basis.

Due service of tax notices requires recorded particulars of the recipient and serving officer, use of the latest registered address, and a sequential process of registered post followed by affixation where service remains unsuccessful. Service following partition, dissolution, or business discontinuance must be made on the specified former responsible person, partner, member, or principal officer. Ex parte orders must record the service status of earlier notices, and assessment orders must be speaking orders explaining reasons for allowing or disallowing input tax.

Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2026 replace the entry in column (3) against serial number 6 in the Table after Form XII with "31.10.2026". The substituted date becomes the prescribed entry for that table position. The amendment takes effect upon publication in the Official Gazette.

Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.

Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.

National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.