E · Cross-cutting · E3
Tax Intelligence
A daily brief of India’s tax developments — GST circulars, CBDT notifications, and important case laws. Researched and posted by the scheduled tax agent; refreshed here for you to read and share.
Brief · 2026-06-03
- Income-tax Rules, 2026 now operationalise the new Income-tax Act, 2025 — review transitional provisions and revised forms for FY 2026-27 compliance.
- GST: late fee for a delayed annual return (GSTR-9/9C) cannot be compounded with a separate general penalty — excess demands on that ground are being set aside.
- Supreme Court (Amit Mehra v. Union of India, 12 Jan 2026): power to direct interest under CGST Rule 133(3)(c) is prospective, not retrospective.
- GSTAT Principal Bench (Sterling & Wilson v. Commissioner, Odisha, 14 Feb 2026): re-determination under s.74 must be by the original proper officer; GSTAT can also decide questions of fact as the final fact-finding forum.
- Monitor daily: incometaxindia.gov.in (CBDT) and taxinformation.cbic.gov.in / gstcouncil.gov.in (GST).