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Tribunal allows central and state tax payments toward integrated tax liabilities with cash recovery for shortfalls

The Thiruvananthapuram bench of the Goods and Services Tax Appellate Tribunal ruled that tax payments made incorrectly under central and state heads can be set off against integrated tax liabilities. Any remaining deficit after this adjustment must be recovered in cash alongside applicable interest charges. This decision provides relief to businesses making erroneous tax head allocations.

Effective Not specified in the update

For professionals: Review client ledgers for misallocated payments where central and state taxes were deposited instead of integrated tax. · Advise clients on claiming appropriate adjustments for these mistakenly deposited amounts against due integrated tax obligations. · Keep funds ready for potential cash shortfalls and applicable interest if an outstanding balance remains after adjustment.

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Goods and Services Tax | Undeclared Goods and Unverified Documents Justify GST Penalty: GSTAT Agra

The Agra bench of the Goods and Services Tax Appellate Tribunal confirmed a penalty of ₹26.80 lakh because delayed document submissions failed to prove genuine transactions. The paperwork also could not substantiate the claimed destination outside Uttar Pradesh. This decision reinforces strict compliance requirements for goods in transit.

Effective Not specified in the update

For professionals: Advise logistics and supply chain clients to maintain rigorous document verification protocols before dispatching consignments across state borders. · Ensure valid e-way bills and invoices support the movement of goods at the very inception of transport rather than relying on delayed paperwork. · Note that delayed submission of documents fails to establish transaction genuineness or prevent statutory penalties for transit discrepancies.

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Goods and Services Tax | Departmental Appeal Below ₹20 Lakh Dismissed Without Proven Exception: GSTAT Ghaziabad

The Ghaziabad bench of the Goods and Services Tax Appellate Tribunal dismissed a departmental appeal involving a tax amount of ₹2,23,696. The dismissal occurred because authorities failed to establish any valid exception to the ₹20 lakh monetary threshold. This ruling reinforces litigation limits for tax authorities.

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CBIC Expands GST E-Invoicing to RCM Supplies and Import of Services from January 1, 2027

The Central Board of Indirect Taxes and Customs announced the expansion of GST e-invoicing to encompass reverse charge mechanism supplies and service imports starting January 1, 2027. This move broadens the digital footprint within the indirect tax framework. Businesses must update their accounting systems well before the deadline.

Effective January 1, 2027

For professionals: Update enterprise resource planning systems to generate e-invoices for reverse charge mechanism supplies and service imports. · Advise clients to prepare for closing reporting gaps and improved input tax credit verification. · Monitor for forthcoming detailed operational guidelines.

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Mumbai Authority Dismisses Gayatri Exports Areca Nut Application Due to Previous Court Rulings

The customs authority in Mumbai dismissed applications filed by Gayatri Exports concerning roasted areca nuts. This rejection occurred under Section 28-I(2)(b) without addressing the underlying classification or duty concessions. The decision follows existing high court directions.

Effective Not specified in the update

For professionals: The Customs Authority for Advance Rulings in Mumbai dismissed Gayatri Exports applications for roasted areca nuts under Section 28-I(2)(b). Authorities are explicitly barred from entertaining applications when the question is already pending or decided in judicial proceedings. Tax practitioners and corporate legal teams must cross-reference client files with ongoing high court or tribunal challenges to avoid procedural rejections and verify whether active litigation exists before filing advance ruling applications.

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Multi Commodity Exchange Announces Schedule for Diwali Muhurat Trading on November 8, 2026

The Multi Commodity Exchange has scheduled its Diwali Muhurat Trading session for Sunday, November 8, 2026. Market participants will engage in a special session from 2:05 pm to 2:19 pm, followed by standard trading from 2:20 pm to 3:30 pm and client code modifications until 3:45 pm.

Effective November 8, 2026

For professionals: Configure trading software and back-office systems well in advance to accommodate the strict timings of the Muhurat Trading session on November 8, 2026. · Ensure client code modification protocols are managed within the permitted window up to 3:45 pm on the same day.

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Shell reports surging quarterly profit as record refining margins boost annual earnings

Shell posted a nearly doubled quarterly profit compared to the previous year, driven significantly by record-high refining margins. This substantial financial growth highlights strong operational performance across key downstream segments during the period. Market observers continue to monitor these profit trends closely.

Effective Not specified in the update

For professionals: Review detailed segmental financial disclosures in upcoming energy sector earnings reports. · Monitor capacity utilization rates across major processing plants and track evolving global fuel demand indicators.

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Comprehensive compliance guide details GST e-invoicing thresholds, IRN rules, and cancellation timeframes

A practical compliance overview outlines critical GST e-invoicing mandates, emphasizing the ₹5 crore threshold for businesses. The guidelines detail requirements for Invoice Reference Number generation, 30-day reporting restrictions, cancellation procedures, input tax credit claims, and departmental scrutiny measures.

Effective Not specified in the update

For professionals: Audit client billing software integration to ensure seamless data formatting. · Verify that Invoice Reference Numbers are generated within permitted timelines and reconcile monthly return data against portal records. · Advise clients on maintaining strict adherence to structured data formats and cancellation protocols to secure valid input tax credits.

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New GST rules withdraw registration exemptions for specific industrial scrap and waste suppliers

Notification 06/2026 removes the GST registration exemption for suppliers dealing in used cooking oil, plastic, tyre, metal, and electronic scrap. This regulatory change requires previously exempt businesses operating within these specific waste and recycled material sectors to obtain formal tax registration. Affected vendors must align their compliance frameworks immediately to avoid operational disruptions.

Effective Not specified in the update

For professionals: Advise clients supplying used cooking oil, plastic, tyre, metal, and electronic scrap to apply for GST registration promptly. Review supply chains to identify any unregistered vendors handling these specific waste streams. Verify that client invoicing reflects proper compliance and monitor upcoming departmental clarifications.

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Government Identifies Hundreds of Artificial Intelligence Use Cases Across Multiple Ministries

The central government has mapped 762 potential artificial intelligence applications across 62 distinct ministries and departments. These initiatives cover key public sectors including farming, railway safety, tax compliance, and healthcare, with tools currently operating at various stages of deployment.

Effective Not specified in the update

For professionals: Technology consultants and enterprise compliance officers must monitor administrative technology rollouts to prepare internal systems. · Professionals should advise clients that traditional manual audits are shifting to predictive compliance models and real-time digital surveillance by state-backed technological frameworks.

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CBIC issues formal circular clarifying tax rates and past treatment for specific commercial goods

CBIC Circular 265/11/2026 provides definitive tax clarifications regarding sublimation paper, toys, used-vehicle input tax credit, and seaweed-derived biostimulants. The guidance specifically addresses how businesses should handle historical tax treatments for these specified commercial categories.

Effective Not specified in the update

For professionals: Review past transactions involving sublimation paper, toys, second-hand vehicles, and biostimulants to ensure alignment with the circular's instructions. · Advise corporate clients to adjust their invoicing accordingly. · Monitor upcoming tribunal rulings and supplementary clarifications from tax authorities.

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GST tax deduction at source expands to cover waste materials and recycled oils

Notification 07/2026-Central Tax mandates a 2 percent tax deduction at source on business transactions involving used cooking oil, plastic, tyres, metal scrap, and e-waste starting 1 November 2026. This administrative change aims to bring greater transparency to the secondary recycling and scrap sectors.

Effective 1 November 2026

For professionals: Update enterprise resource planning systems to automatically calculate and deduct the 2 percent tax on applicable scrap and waste transactions starting 1 November 2026. · Monitor related notifications for compliance thresholds and guide vendor networks on filing requirements to ensure seamless credit reflection in electronic ledgers.

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