Here’s the Tax Law Daily Bulletin for May 1, 2026.
GST
- GST DEMAND OF RS. 363 CRORE AGAINST VODAFONE IDEA QUASHED: BOMBAY HIGH COURT
- GST RATE RATIONALISATION: GOVT. CLARIFIES CLASSIFICATION OF BEVERAGES UNDER 5% AND 40% SLABS
- GST COLLECTIONS RISE TO ₹2.42 LAKH CRORE IN APRIL 2026, REGISTERING 8.7% GROWTH; IMPORT REVENUES DRIVE MOMENTUM
- DELHI HIGH COURT STAYS RS. 450 CRORE GSTAT ORDER AGAINST TATA PLAY IN ANTI-PROFITEERING DISPUTE
- ITC BLOCKING WITHOUT RECORDED “REASONS TO BELIEVE” QUASHED: PUNJAB & HARYANA HIGH COURT ORDERS IMMEDIATE RELEASE
- Invalid Service of SCN & Recovery Within 7 Days Without Reasons: Punjab and Haryana High Court Quashes GST Demand, Orders ITC Refund
Service Tax
Customs Duty
- HPCL CERTIFICATE VALID PROOF OF DUTY-PAID BUNKERS, DEMAND ON 49.431 MT DIESEL QUASHED: CESTAT
- CUSTOMS (CVD) NOTIFICATION AMENDED: GOVT. SUBSTITUTES TARIFF ENTRIES FOR CERTAIN STEEL PIPES EFFECTIVE MAY 1, 2026
- ANTI-DUMPING DUTY AMENDMENTS NOTIFIED: GOVT. REVISES TARIFF CLASSIFICATIONS ACROSS MULTIPLE CUSTOMS NOTIFICATIONS EFFECTIVE MAY 1, 2026
- AMENDS MULTIPLE EXEMPTION NOTIFICATIONS TO ALIGN TARIFF ENTRIES ACROSS SECTORS: FINMIN
- TARIFF VALUE REVISED FOR EDIBLE OILS, PRECIOUS METALS AND BRASS SCRAP: CBIC NOTIFIES FRESH TABLES UNDER CUSTOMS LAW
Excise Duty
- 99% VAT REMISSION UNDER ASSAM INDUSTRIAL POLICY IS SUBSIDY, NOT INCLUDIBLE IN ASSESSABLE VALUE: CESTAT QUASHES EXCISE DUTY DEMAND
- DEPT. CAN’T TRAVEL BEYOND SCN: CESTAT ALLOWS REFUND OF CENVAT CREDIT REVERSED DUE TO AUDIT OBJECTION
- CESTAT ALLOWS 12% INTEREST ON REFUND OF INVESTIGATION DEPOSIT FROM DATE OF DEPOSIT; REJECTS CLAIM FOR INTEREST ON INTEREST
Income Tax
- NO MATERIAL COLLECTED DURING SEARCH OR POST-SEARCH ENQUIRIES, REVEALING ANY ACTUAL COMMISSION INCOME FROM ALLEGED ACCOMMODATION ENTRIES: ITAT
- NO BASIS TO DOUBT LOAN ONCE IDENTITY, CREDITWORTHINESS & GENUINENESS ESTABLISHED: ITAT UPHOLDS DELETION OF RS. 2 CR ADDITION
- NO ADDITION DUE TO PAN LINKAGE—CASH DEPOSITS IN TRUST’S BANK ACCOUNT CAN’T BE TAXED IN INDIVIDUAL’S HANDS WITHOUT PROOF OF OWNERSHIP: ITAT
- AGRICULTURAL LAND NOT ‘CAPITAL ASSET’, NO BASIS TO TREAT SALE AS CAPITAL GAINS: ITAT
