Blogs
GST Portal News and Updates - September 2026
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Functionality |
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1 |
01-09-2026 |
Gross and Net GST revenue collections for the month of August, 2026
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The Gross and net revenue for the month of September-26 was declared. The same can be checked by clicking on: https://services.gst.gov.in/advisoryandreleases
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07-09-2026 |
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Corporate Guarantees under GST: Gujarat High Court Upholds Taxability, but Reads Down Rule 28(2) and Denies Retrospective Levy
Torrent Power Ltd. v. Union of India & Ors. – 2026 (8) TMI 990 – Gujarat High Court (Batch of writ petitions; decided 14.08.2026)
- Background
Furnishing a corporate guarantee is a routine, non-commercial incident of the holding-subsidiary relationship: a parent company extends its creditworthiness, without charging any fee, so that its subsidiary can raise credit facilities from banks and financial institutions. Under the erstwhile service tax regime, an “activity” and a...
CBIC Updates - September 2026
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Customs-Tariff |
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Notifications |
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Notification No. and Date of issue |
Subject |
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Notification No. 31/2026 - dated 23 September 2026 |
Reduction in Customs Duty on Edible Oils
Summary: CBIC reduced the Basic Customs Duty on specified edible oils through Notification No. 31/2026-Customs. The major changes included:
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MOOWR and Interest under Section 61(2): “Intended for Use” is Tested at Import, Not by Hindsight
Commissioner of Customs (Preventive), Jaipur v. M/s Acme Aklera Power Technology Pvt. Ltd., D.B. Customs Appeal No. 1/2025, Rajasthan High Court, Jaipur Bench (decided 10.08.2026)
- Background
The MOOWR, 2019 scheme is framed under Section 65 of the Customs Act, 1962. It allows an importer to defer payment of customs duty on capital goods by warehousing them and carrying on manufacture or other permitted operations in the warehouse, with duty becoming payable only when the goods...
Is the Section 54(1) Time-Limit for GST Refunds Directory or Mandatory? An Analytical article of the Emerging Judicial Divide
Introduction
Section 54 of the Central Goods and Services Tax Act, 2017 ("the CGST Act") requires a refund application to be filed within two years of the relevant date. A question that has now reached several High Courts, without a direct answer yet from the Supreme Court, is whether this two-year period is directory — capable of being relaxed in a deserving case — or mandatory, admitting of no exception save what the statute itself provides. Madras, Gujarat, Andhra Pradesh and...
Read moreImmovable property and ITC under GST
Background:
It is being observed that the assesses are receiving notices requiring to reverse/pay back ITC availed pertaining to newly constructed building projects used for business operations[such as factory premise/warehouses], alleging such credit is restricted being of nature of “immovable property”. However in addition to civil works, such projects involve installation of electrical fittings, cabling, STP, security, fire fighting, machines for manufacture of finished goods etc.... Read more
GST Portal Updates -August 2026
GST Portal News and Updates
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Sl.No |
Date |
Functionality |
Particulars |
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1 |
01-08-2026 |
Gross and Net GST revenue collections for the month of July 2026 |
The Gross and net revenue for the month of July-26 was declared. The same can be checked by clicking on: |
Read more