Compulsory scrutiny by Income tax department in the Following cases (FY 2026-27)
1.Survey cases
https://t.co/2JPpOSaGE2 and Seizure
3. reassessment (148 Notice Served)
4. Trusts with cancelled/ Denied Registration still claiming Exemptions
5. Recurring High value Additions (>50 Lakh in Metro and >20lakh in non metro)
6. Specific Tax Evasion intelligence
Govt Gives Tax Relief on G-Sec Investments for FIIs-waives Tax on capital gains and interest income Earned by FII's
This exemption is given to attract the foreign investment to India by FII's. This will also support greater and more stable foreign inflows into Indian equity markets.
Corporate guarantees were issued to banks for group entities without any fee, commission or consideration — Bombay High Court quashed GST summons and SCN, holding that such guarantee is not taxable supply of service.
Corporate guarantees without consideration is not a taxable supply
Limitation for Appeal under GST Begins from Rectification Rejection
In case of New Kailash Suppliers v. State of Gujarat (Gujarat High Court) (2026 ) held that the time limitation for appeal under GST should be counted from date of order of rectification of rejection in case the assessee has filed for rectification and rejected by department .
The time limitation for appeal should be counted from the date of rejection of rectification order , not from the date of original order .
GST Refund available in the following cases
· ITC Accumulated due to Inverted Duty Structure
· Export of Goods/Services – Without Payment of Tax ( Accumulated ITC )
· Export of Services – With payment of Tax
· Supplies made to SEZ Unit / SEZ Developer
· In case of Deemed Export
· Excess payment of Tax
Online Gaming Platforms Are Suppliers Of Actionable Claims In Betting & Gambling, Not Mere Intermediaries: Supreme Court in India Upholds 28% GST On Full Stakes
The product ‘Brake Hose’, as described in the application, when used as a part of braking systems in four-wheelers and two-wheelers, merits classification under Heading 4009 - “Tubes, pipes and hoses, of vulcanized rubber other than hard rubber, with or without their fittings (for example, joints, elbows and flanges)”, attracting GST at the rate of 18%.
In the case of M/s Nichirin Imperial Autoparts India, Private Limited, Faridabad, Haryana.
Haryana Appellate Authority for Advance Ruling
Mere Disclosure Of Transaction Does Not Bar Reopening Of Income Tax Assessment If True Nature Not Fully Disclosed: Supreme Court in the case of
Sanand Properties P. Ltd. v. Joint Commissioner of I.T. Range 6 & Connected Matters.