Finance Bill amends intermediary PoS rule, implements 56th GST Council decision

Assessments not invalid due to mistake, defect or omission of DIN

Finance Bill 2026 tweaks Section 54; Provisional refund for IDS, removes threshold for export refunds

Due date for payment for "Employee Contributions" to PFs etc now rationalized with the due date of filing of tax returns

Interim appellate remedy to address conflicting State AAR/AAAR Rulings

Exemption for CBG-blended CNG, and tobacco goods; Govt. issue notifications

Extension of period for filing of revised ROI from 9 months to 12 months

ASG N. Venkataraman reacts to 4 retrospective amendments brought on Shelf Drilling, JAO-FAO, DIN issues

Post-sales discount to be excluded for valuation only upon issuance of credit-note

Key Direct Tax Proposals from FM’s Budget Speech

FM proposes comprehensive review of Foreign Exchange Management (Non-Debt Instrument) Rules, 2019

Govt. Proposes amendments to both Income tax Act, 1961 and Income tax Act, 2025

Govt. Brings in retrospective amendments on Shelf Drilling, JAO-FAO & DIN controversies

Govt. Brings in retrospective amendment on Shelf Drilling controversy on limitation period for Transfer pricing cases

Copy of Finance Bill and Memorandum to Finance Bill, 2026

Overhaul of Baggage Rules

Validity period of Customs Advance Rulings extended to 5 years

Buy backs to be taxed as capital gains for non-promoters

January 2026 GST collection touches Rs 1.93 Lakh Crores, grows 6.2% Y-o-Y

ITAT: ITAT: ITAT: No commercial substance, no treaty relief; Denies grandfathering benefits for sham Singapore-HK-China structure

• In Favour of Revenue
• Citation Number : TS-112-ITAT-2026(DEL)