Here’s the Tax Law Daily Bulletin for October 30, 2026.
GST
- DELAYED GST RETURNS ALONE CAN’T JUSTIFY S. 74 PENALTY: GSTAT
- GST REFUND LIMITATION RUNS FROM TAX PAYMENT, NOT DISCOVERY OF MISTAKE: GSTAT REJECTS RS. 91 LAKH CLAIM
- GST EXEMPTION COVERS BANKS’ INTERNAL FUND TRANSFER INTEREST; NBFC CO-LENDING SERVICES TAXABLE: CBIC
- GSTR-2 NON-OPERATION DOESN’T WAIVE INTEREST ON SUPPLIER PAYMENTS BEYOND 180 DAYS: GSTAT
- COLLECTING GST BUT FILING NIL RETURNS ATTRACTS S. 76 PENALTY EVEN FOR REGISTERED SUPPLIERS: GSTAT
- GST COLLECTED BUT NOT DEPOSITED: GSTAT RESTORES RS. 1.19 CRORE DEMAND AND EQUAL PENALTY AGAINST REGISTERED TAXPAYER
- ARECA NUT CASE | FAKE ITC AND FALSE RECORDS ATTRACT GST PENALTIES DESPITE DROPPED TAX DEMAND: GSTAT
- EXCESS GOODS CAN’T JUSTIFY GST PENALTY ON ENTIRE CONSIGNMENT WITHOUT FURTHER EVIDENCE: GSTAT
- GST PENALTY CAN’T REST SOLELY ON DRIVER’S CLAIM OF UNDECLARED LOADING POINT: GSTAT
- INVOICES, E-WAY BILLS NOT ENOUGH WHEN GOODS DON’T MATCH RECORDS: GSTAT RESTORES ₹47.11 LAKH TAX AND PENALTY
Customs Duty
Income Tax
- CASH ADVANCE FROM SELLING HOUSE TO REPAY HOUSING LOAN: ITAT DELETES PENALTY
- 10% STAMP DUTY VALUATION TOLERANCE APPLIES TO AY 2018-19: ITAT
