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The President of India, Smt. Droupadi Murmu, has promulgated The Income-tax (Amendment) Ordinance, 2026 (Ordinance No. 2 of 2026) on 5th June, 2026, in exercise of the powers conferred by clause (1) of Article 123 of the Constitution of India. The Ordinance has been published in the Ga...

The Hon’ble Gujarat High Court in the case of Komal Jayeshbhai Hemavat v. State Tax Officer (4) & Anr. [R/Special Civil Application No. 6209 of 2024, order dated April 02, 2026] held that the statutory mandate of Section 75(4) of the CGST Act requiring grant of personal hearing can...

The recent Supreme Court (SC) judgment on online gaming and betting is expected to have wider implications across gambling, horse racing, and casinos, experts feel. The court clarified that the GST valuation framework is not confined to any one segment but applies across betting and gambling ac...

Uttar Pradesh Special Task Force (STF) has arrested two Delhi-based B-Com graduates allegedly involved in creating a network of bogus firms that facilitated fraudulent Input Tax Credit (ITC) claims and caused revenue losses worth crores of rupees to the government.

The arrest...

The Central Board of Indirect Taxes & Customs (CBIC), Ministry of Finance, has issued Instruction No. 07/2026-Customs dated June 02, 2026, through its Drawback Division, to all Principal Chief Commissioners/Chief Commissioners and Principal Commissioners/Commissioners of Customs/Cu...