Here’s the Tax Law Daily Bulletin for July 02, 2026.
GST
- GSTR-3B AND GSTR-2A RETURNS MISMATCH | INTEREST ON WRONGLY AVAILED GST ITC UPHELD: MADRAS HIGH COURT
- IGNORING VIRTUAL HEARING REQUEST VIOLATES NATURAL JUSTICE: UTTARAKHAND HIGH COURT QUASHES GST REFUND REJECTION
- INDIA’S GROSS GST COLLECTIONS RISE 13.9% TO ₹1.95 LAKH CRORE IN JUNE 2026
- GSTN REVISES AATO AMENDMENT TIMELINE FOR FY 2025-26; TAXPAYERS CAN UPDATE TURNOVER FROM JULY 1 TO JULY 31
- MERELY UPLOADING SCN ON GST PORTAL IN INCORRECT SECTION, WITHOUT PROPER SERVICE, CAN’T BE TREATED AS VALID COMPLIANCE WITH STATUTORY REQUIREMENTS: BOMBAY HIGH COURT
- CALCUTTA HIGH COURT ORDERS RESTORATION OF GST REGISTRATION DESPITE SIX-MONTH RETURN DEFAULT, CITES LIVELIHOOD CONCERNS
- GSTN ISSUES FAQ ON BILL-TO/SHIP-TO TRANSACTIONS, EXPORT SCENARIOS AND API IMPACT
- MEERUT COURT SENDS 3 ACCUSED TO JUDICIAL CUSTODY IN ALLEGED PAN MASALA TAX EVASION CASE INVOLVING RS. 218.40 CRORE CESS [READ ORDER]
- GSTN ISSUES FAQS ON VOLUNTARY CLOSURE OF E-WAY BILL: BUSINESS SCENARIOS, API IMPACT AND PORTAL BEHAVIOUR
Service Tax
- JOB WORK CAN’T BE TREATED AS ‘EXEMPTED SERVICE’; NO 7% CENVAT REVERSAL ON JOB CHARGES: CESTAT
- ROAD CONSTRUCTION SUB-CONTRACTORS ELIGIBLE FOR SERVICE TAX EXEMPTION: CESTAT
- OCEAN FREIGHT MARK-UP, EXCHANGE GAIN AND PURE AGENT REIMBURSEMENTS NOT TAXABLE UNDER SERVICE TAX: CESTAT
- NO SERVICE TAX ON OVERSEAS EXPORT SUPPORT SERVICES PERFORMED OUTSIDE INDIA; CESTAT QUASHES ₹3.90 CRORE REVERSE CHARGE DEMAND
- CESTAT QUASHES RS. 3.95 CRORE SERVICE TAX DEMAND ON MINING ROYALTY
- NO SERVICE TAX ON RAILWAY PROJECTS, PRIVATE AND PUBLIC RAILWAYS ENTITLED TO SAME EXEMPTION: CESTAT
- 1 YEAR TIME LIMIT UNDER SERVICE TAX NOTIFICATIONS CAN’T DEFEAT SEZ REFUND CLAIMS; CESTAT ALLOWS NOKIA’S RS. 2.27 CRORE REFUND APPEAL
- REVENUE-SHARING MODEL FOR MOVIE EXHIBITION NOT TAXABLE AS BUSINESS SUPPORT SERVICE: CESTAT
- CONSTRUCTION OF MULTI-LEVEL PUBLIC PARKING NOT TAXABLE: CESTAT
- REIMBURSED INSURANCE & WORKMEN COMPENSATION COSTS NOT TAXABLE AS SERVICE VALUE: CESTAT
- MUNICIPAL CORPORATIONS NOT LIABLE TO PRE-2012 SERVICE TAX ON ADVERTISEMENT SPACE: CESTAT QUASHES RS. 31.78 LAKH DEMAND
- BPO SERVICES ARE NOT ‘INTERMEDIARY’; CESTAT RESTORES RS. 14.55 CRORE CENVAT CREDIT REFUND
- SALE OF PRINT MEDIA ADVERTISEMENT SPACE FALLS UNDER NEGATIVE LIST; CESTAT QUASHES SERVICE TAX DEMAND
- LATE PAYMENT SURCHARGE ON DELAYED ELECTRICITY BILLS NOT TAXABLE AS ‘TOLERANCE OF ACT’: CESTAT
- DEMAND BASED ON BOOKS OF ACCOUNTS CAN’T INVOKE EXTENDED LIMITATION: CESTAT
Customs Duty
- DRI BUSTS GOLD SMUGGLING RACKET USING INTERNATIONAL COURIER
- CUSTOMS DEPT. CAN’T WITHHOLD SEIZED IMPORTED GOODS INDEFINITELY: TELANGANA HC ALLOWS CONDITIONAL RELEASE
- DRI BUSTS MULTI-STATE GOLD SMUGGLING SYNDICATES; 9 KG FOREIGN GOLD, 42 KG SILVER AND ₹8.15 CRORE FOREIGN CURRENCY SEIZED
- CUSTOMS OFFICER ACQUITTED IN DISPROPORTIONATE ASSETS CASE: MADRAS HIGH COURT
- CESTAT UPHOLDS CUSTOMS CLASSIFICATION OF MITSUBISHI’S ELECTRIC POWER STEERING ECU AS AUTOMOBILE PART
- 2.05% VALUE ADDITION ENOUGH FOR FULLY MECHANISED JEWELLERY EXPORTS: CESTAT QUASHES RS. 3.68 CRORE CUSTOMS DEMAND
- CUSTOMS CAN’T RECLASSIFY IMPORTED GOODS WITHOUT CHANGE IN FACTS OR LAW: CESTAT
Excise Duty
- NO ISD ROUTE NEEDED FOR UNIT-SPECIFIC SERVICES; CENVAT CREDIT ON GAR-7 CHALLANS CAN’T BE DENIED: CESTAT
- REFUND OF UNUTILIZED CENVAT CREDIT CAN’T BE DENIED DUE TO TIMING OF CREDIT AVAILMENT WITHIN SAME QUARTER: CESTAT
Income Tax
- ITR UTILITY UPDATED FOR AY 2026-27: ‘OTHER EXEMPT INCOME’ REMOVED, NEW ‘OTHER INCOME’ REPORTING OPTION INTRODUCED
- RESIDENT TAXPAYERS CAN CLAIM FULL S. 87A REBATE ON SHORT-TERM CAPITAL GAINS UNDER NEW TAX REGIME: ITAT
- EXCESS TDS ON VRS COMPENSATION MUST BE REFUNDED BY INCOME TAX DEPT., NOT EMPLOYER: MADRAS HC
- CAPTIVE POWER TRANSFER MUST BE VALUED AT CONSUMER TARIFF, NOT ELECTRICITY BOARD PURCHASE RATE: CHHATTISGARH HIGH COURT
- PCIT CAN’T REOPEN FRESH ISSUES BEYOND LIMITATION: ITAT QUASHES S. 263 REVISION AS TIME-BARRED
- S. 148 NOTICE INVALID FOR FAILURE TO ALLEGE NON-DISCLOSURE OF MATERIAL FACTS: ITAT
PMLA
Corporate Law
Supreme Court Quashes NCLT & NCLAT Orders Over AI-Hallucinated Judgments
