Tax News & Updates
Stay informed with the latest in tax and compliance
| Due Date | Form / Return | Department | Description | Days Left |
|---|---|---|---|---|
| 07 Mar 2026 |
TDS/TCS Payment
Feb, 26 |
Income Tax | 2d | |
| 10 Mar 2026 |
GSTR-7
Feb, 26 |
GST | 5d | |
| 10 Mar 2026 |
GSTR-8
Feb, 26 |
GST | 5d | |
| 11 Mar 2026 |
GSTR-1
Feb, 26 |
GST | 6d | |
| 13 Mar 2026 |
GSTR-6
Feb, 26 |
GST | 8d | |
| 13 Mar 2026 |
IFF
Feb, 26 |
GST | 8d | |
| 13 Mar 2026 |
GSTR-5
Feb, 26 |
GST | Summary of outward taxable supplies and tax payable by a non-resident taxable person | 8d |
| 15 Mar 2026 |
Form 24G
Feb, 26 |
Income Tax | 10d | |
| 15 Mar 2026 |
Advance Tax
FY 25-26 |
Income Tax | 10d | |
| 15 Mar 2026 |
Advance Tax
4th Installment FY 25-26 |
Income Tax | Fourth instalment of advance tax for the assessment year 2026-27. | 10d |
| 15 Mar 2026 |
PF & ESIC
Feb, 26 |
PF & ESIC | 10d | |
| 17 Mar 2026 |
Issue of TDS Certificate- 194-IA, 194IB, 194M, 194S
Jan, 26 |
Income Tax | 12d | |
| 20 Mar 2026 |
GSTR-5A
Feb, 26 |
GST | Summary of outward taxable supplies and tax payable by a person supplying OIDAR services | 15d |
| 20 Mar 2026 |
GSTR-3B
Feb, 26 |
GST | 15d | |
| 25 Mar 2026 |
PMT-06
Feb, 26 |
GST | 20d |
GSTN Introduces New IMS Tab to Track Rejected Notes for GSTR-3B
MCA Launches Companies Compliance Facilitation Scheme (CCFS-2026) for Pending Filings Relief.
Penalty Immunity Window Under CCFS-2026
Who Cannot Avail CCFS-2026?
GSTN Activates Rule 14A Withdrawal Facility - File GST REG-32
AY 2026-27 ITR Filing to Continue Under Income-tax Act, 1961
MCA Portal Update: VPD Now Available During Business Hours
The MCA portal has extended the View Public Documents (VPD) service to regular business hours. Users can now download all available public documents during the day itself, without waiting till after 6:30 PM. This change will help professionals plan MCA-related work more efficiently.
MCA Clarification: 7 Days Allowed for Payment
GSTN Enhances Interest Calculation and Auto-Population in GSTR-3B from January 2026
GSTN Issues Advisory on RSP-Based Valuation of Tobacco Goods from 1 Feb 2026
GSTAT Allows Lenient Scrutiny of Appeals for Initial 6 Months
MCA Updates Small Company Status in Master Data
GST Advisory on Opt-In Declaration for Specified Premises
GST Valuation Shift: RSP-Based Taxation for Pan Masala and Tobacco Products
GSTN to Block Excess ITC Reclaim and Negative Balances in New Ledgers
GSTAT Benches Allocated; Members to Join from 21 January 2026
MCA Amends Director KYC Rules
MCA Grants Fee Waiver and Time Extension for Annual Filings (FY 2024-25)
GST Appellate Tribunal Removes Staggered Filing of Appeals
Reassessment cannot be reopened on the same examined material merely due to an audit objection
Decision
Reopening based solely on audit objections, when the AO had already examined the same material during scrutiny, amounts to an impermissible change of opinion.
Since the assessee had fully and truly disclosed all material facts, the extended limitation was not available to the Revenue.
The notice dated 31-03-2023 and consequential reassessment proceedings were held to be barred by limitation and quashed.
Ocean Freight IGST Refund to Be Credited to Consumer Welfare Fund When Tax Burden Passed On
Decision
The SC held that u/s 54(5), 54(8)(e), and 57 of the CGST Act,the refund must be credited to the Consumer Welfare Fund if the incidence of tax has been passed on.
Since Torrent Power Ltd. had admittedly passed on the tax burden to consumers, it was not entitled to receive the refund directly.
The HCs procedure for refund through tariff adjustment was contrary to the statutory scheme; its judgment was set aside, and the company was directed to deposit Rs. 19.28 crore into the Consumer Welfare Fund.
GST Section 74 Notice Quashed for Clubbing Multiple Financial Years Contrary to Year Wise Assessment.
Decision
The Court held that under the GST framework, each financial year constitutes a separate tax period, and the limitation u/s 73 and 74 runs independently for each year.
A composite SCN covering multiple years distorts limitation, jurisdiction, and the taxpayers right to respond year-wise, and is therefore not permissible.
The impugned show cause notice was quashed and set aside, with liberty granted to the department to issue fresh notices strictly in accordance with Section 74.
Section 271AAB penalty limitation governed by section 275(1)(a) when assessment is appealed; order within time is valid.
Decision
Since penalty proceedings were initiated in the assessment order and the assessment order was carried in appeal, section 275(1)(a), and not the residuary clause (c), governed limitation.
The penalty proceedings were closely linked to the assessment and search proceedings, satisfying the conditions of section 275(1)(a).
As six months from the end of the month of receipt of the ITAT order (December 2021) expired on 30-06-2022, and the penalty order was passed on that date, it was within limitation; writ petition dismissed in favour of Revenue.
GST appearance pursuant to summons during inquiry cannot be treated as illegal detention
Decision
The Court held that section 70 does not prescribe any mandatory 7-day prior notice, and attendance for inquiry cannot be treated as detention.
Since his presence was voluntary and there was no restriction on movement, illegal custody was not established.
The compensation claim was rejected, and the writ petition was dismissed in favour of the revenue authorities.
GST Assessment Quashed for Failure to Ensure Effective Service and Personal Hearing Despite Portal Upload
Decision
Though portal upload is a valid mode of service u/s 169, in the absence of a response, the officer should have explored other statutory modes (preferably RPAD) to ensure effective service.
Passing an ex parte order without a personal hearing amounted to a violation of principles of natural justice; both assessment and appeal rejection orders were unsustainable.
The matter was remanded for fresh adjudication, subject to payment of 25% of the disputed tax, with direction to provide an effective personal hearing.
Appellate Authority Cannot Introduce New Grounds Beyond SCN Without Granting Opportunity of Hearing Under the GST Law
Decision
The HC of Calcutta held that the appellate authority could not travel beyond the grounds mentioned in the SCN.
If the appellate authority intended to confirm the demand on new grounds, it was mandatory to grant the petitioner a proper opportunity of hearing to rebut those grounds.
Since no such opportunity was given, the appellate order was set aside, and the matter was remanded for fresh decision after affording due hearing.
Declaration of return as invalid under section 139(9) constitutes a revisable order under section 264
Decision
The Court held that a declaration u/s 139(9) declaring a return invalid is an order since it amounts to an authoritative direction.
Such an order is revisable u/s 264, and the Commissioner erred in holding otherwise.
The impugned order was quashed, and the revision application was restored for fresh consideration after granting proper hearing.
Reassessment notice for AY 2015-16 issued on or after 01-04-2021 is void under TOLA, irrespective of section 148A compliance.
Decision
The Court noted that the Revenue had unequivocally conceded before the SC that for AY 2015-16, all section 148 notices issued on or after 01-04-2021 must be dropped as they would not fall within the TOLA completion period.
Since the impugned notice dated 14-04-2022 was issued after 01-04-2021, it was held to be time-barred and invalid in law, notwithstanding the procedure u/s 148A.
Delay or pendency of appellate proceedings did not cure jurisdictional invalidity; accordingly, the section 148 notice, assessment order, and all recovery notices were quashed.
Mere absence of PAN and address details, without statutory mandate or cogent material, cannot justify reassessment
Decision
The Court held that since the law permitted cash purchases and did not mandate maintaining PAN or address details, the mere absence of such particulars could not establish the non-genuineness of creditors.
Reassessment cannot be initiated merely on suspicion or solely on the basis of an audit objection without any cogent or objective material indicating escapement of income.
As no valid jurisdictional foundation existed, the reassessment proceedings were quashed, and the writ petition was allowed in favour of the assessee.
Writ Petition Not Maintainable After GSTAT Becomes Functional; Statutory Appeal Mandatory
Decision
The Writ jurisdiction is available only when the statutory appellate forum is absent or non-functional; once GSTAT became functional, the writ was not maintainable.
The petitioner was required to avail the statutory remedy of appeal before GSTAT by complying with the mandatory pre-deposit u/s 112(8).
The writ petition was disposed of with liberty to file an appeal before GSTAT within the notified advisory timelines, without examining the merits.
Inspection of seized jewellery during section 263 revision proceedings held valid without disclosure of reasons
Decision
Inspection of seized assets is only verificatory and not an invasive act like a search; therefore, there is no reason to believe or disclosure of information is required.
Since the inspection was connected with pending section 263 proceedings, it was for purposes of the Act and valid under rule 112(13).
Presence of assessee and sealed strong-room custody ensured no tampering; writ dismissed and department allowed to issue fresh inspection notice.
GST Assessment Quashed for Violation of Natural Justice Where Order Passed Without Hearing and Appeal Rejected on Limitation
Decision
In view of the consensus between the parties, the HC quashed both the assessment order and the appellate order.
The assessee was granted time to submit a reply to the SCN, and the authorities were directed to afford a proper opportunity of hearing.
The matter was remanded for fresh adjudication with a direction to pass a speaking order, subject to the deposit of 10% of the tax demand, and the order was clarified to be non-precedential.
Section 5A community income Vivad se Vishwas benefit cannot be denied to spouse
Decision
Under section 5A, income is a single community income; disputes cannot be split; settlement for husband covers wife.
The pending penalty appeal qualifies as a dispute; rejection of wifes application was invalid.
Delay and scheme expiry are not valid grounds for the authority to reconsider the application and pass a reasoned order.
Educational Consultancy Services to Foreign Universities Are Export of Services, Not Intermediary
Decision
The SC of India refused to interfere with the HCs judgment and dismissed the SLP filed by the Revenue.
It upheld that the assessee was not an intermediary, as it neither arranged nor facilitated supply between two parties, and the recipient of the service was the foreign institution.
The services qualified as export of services, entitling the assessee to GST refund along with statutory interest, with a two-month extension granted for making the refund.
Bail Denied in Rs 15 Crore Fake ITC Racket
Decision
The HC of Orissa held that economic offences involving systematic tax evasion and fake ITC are grave offences having serious repercussions on public revenue and the economy.
The Court found a prima facie case of a structured and premeditated fraud, supported by GSTN analytics, financial trails, electronic records, and statements, showing the offence was not technical or isolated in nature.
In view of the seriousness of allegations, rejection of bail was held to be justified and warranted no interference, and the bail application was dismissed in favour of the revenue.
GST Writ Not Maintainable Once GSTAT Functional; Assessee Directed to Avail Statutory Appeal Remedy
Decision
The Court held that the issues raised, including alleged violation of natural justice, could be effectively adjudicated in statutory appeal before GSTAT u/s 112.
Since GSTAT was functional and timelines for filing appeal were notified, invocation of writ jurisdiction was not justified.
The writ petition was disposed of in favour of the Revenue, directing the assessee to file appeal before GSTAT after complying with the mandatory pre-deposit u/s 112(8).
Second Reopening on Interest-Free Loan Held Invalid as Mere Change of Opinion
Decision
The second reopening was held to be a mere change of opinion, since the same transaction had already been examined earlier.
There was no failure by the assessee to disclose material facts, making the invocation of the extended limitation invalid and without jurisdiction.
The reassessment notice was held to be arbitrary and impermissible, and the notice u/s 148 was quashed.
Minimum three month gap mandatory between GST show cause notice and final order
Decision
The Court held that a minimum three-month gap between the issuance of notice and the passing of the order is mandatory.
A shorter period violates principles of natural justice and statutory protections available to the taxpayer.
Accordingly, the SCN and order were quashed, and the matter was remanded for fresh adjudication.
SC Denies DTAA Benefit on Flipkart Indirect Share Transfer
Decision
The Supreme Court ruled in favour of the Revenue and set aside the Delhi High Court judgment. It held that a Tax Residency Certificate alone is insufficient to claim DTAA benefits after GAAR. Grandfathering under Article 13(3A) applies only to direct transfers of Indian company shares, not indirect transfers. Accordingly, capital gains from the 2018 transaction were held taxable in India.