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Insights, articles and updates from our practice

GST

GSTN Keeps Proposed E-Way Bill Enhancements on Hold

By ADV AVIJIT MANDAL 22 Aug 2026 3 min read

GSTN has kept proposed e-Way Bill enhancements on hold. Businesses should make no related production changes until further notice.

#gst #tax update

Income Tax

Upcoming Deadline: Furnishing of statement in Form No. 10-EE (Income-tax Rules, 1962) — Due 31 Aug 2026

By TAX AVIJIT 22 Aug 2026 3 min read

Form 10-EE is due by 31 August 2026 for eligible taxpayers claiming Section 89A relief on specified foreign retirement accounts

#income_tax #deadline #compliance

Income Tax

CBDT NOTIFIES FOREIGN ASSETS DISCLOSURE SCHEME, 2026

By ADV AVIJIT MANDAL 16 Aug 2026 4 min read

CBDT is verifying suspicious foreign remittances involving 394 entities and 36 professionals, highlighting the need for strong documentation and due diligence.

#income tax #tax update

Income Tax

CBDT NOTIFIES FOREIGN ASSETS DISCLOSURE SCHEME, 2026

By ADV AVIJIT MANDAL 16 Aug 2026 4 min read

FAST-DS 2026 lets eligible taxpayers regularise specified foreign assets and income, with filing open until 31 December 2026.

#income tax #tax update

Income Tax

Proposal to Extend Time for Updated ITR

By ADV AVIJIT MANDAL 06 Aug 2026 3 min read

The 2026 Bill proposes extending the Updated Return window from 48 to 60 months, giving taxpayers more time to correct omissions.

#income tax #tax update

Income Tax

New Settlement Board Proposed

By ADV AVIJIT MANDAL 03 Aug 2026 3 min read

The 2026 Bill proposes a regular Settlement Board to provide a structured mechanism for eligible tax disputes and reduce prolonged litigation.

#income tax #tax update

GST

Key Takeaways: Release of Perishable Goods Allowed Under Alternate Statutory Mechanism Despite Unproved Ownership

By ADV AVIJIT MANDAL 24 Jul 2026 4 min read

Calcutta HC allowed a non-owner claimant to seek release of perishable goods under Section 129(1)(b) and set aside compulsory auction.

#gst #case law

GST

Key Takeaways: Supreme Court Upholds Constitutional Validity of Section 16(2)(c) Denying ITC for Suppliers Non-Payment of Tax

By TAX AVIJIT 24 Jul 2026 3 min read

The Supreme Court upheld Section 16(2)(c), confirming that ITC is subject to the supplier paying the applicable GST to the Government.

#gst #case law

GST

Key Takeaways: Penalty order passed beyond seven-day statutory limit under Section 129(3) quashed

By ADV AVIJIT MANDAL 23 Jul 2026 3 min read

J&K High Court quashed a GST penalty order passed one day beyond the mandatory seven-day limit under Section 129(3).

#gst #case law

Income Tax

Income Tax Department Launches Foreign Assets Information (FAI) Report on Compliance Portal

By ADV AVIJIT MANDAL 16 Jul 2026 3 min read

The new FAI report lets taxpayers review foreign financial information received by India and submit feedback on discrepancies through AIS.

#income tax #tax update

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