AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Supreme Court upheld the Telangana High Court's decision not to entertain a delayed GST writ petition. The Court cited the precedent set in Glaxo Smith Kline, finding no reason to intervene.
The CESTAT has ruled that liquidated damages and penalties for breach of contract are not taxable under Section 66E(e) of the Finance Act, 1994. This decision clarifies the tax treatment of such damages, providing relief to businesses facing tax liabilities.
The Indian government has increased the concessional import duty on gold, silver, and platinum from 4.35% to 10%. This change is effective from May 13, 2026, under Notification 57/2000-Customs.
The Delhi High Court ruled that GST was applicable to frozen chicken supplied to the Indian Army, directing reimbursement of GST along with interest due to delayed payment.
The Karnataka High Court upheld the legality of consolidated GST show cause notices covering multiple financial years, clarifying that the law does not restrict notices to a single fiscal period.
The GST Appellate Tribunal (GSTAT) upheld findings against a developer for failing to transfer the full benefit of Input Tax Credit (ITC) to homebuyers, confirming that excess benefits provided to some cannot offset losses to others.
The Bombay High Court ruled that GST registration cannot be cancelled without proper hearing and a reasoned order, quashing existing cancellation orders that violated the principles of natural justice.
Auctions for state government securities totaling ₹24,400 crore conducted for Andhra Pradesh, Chhattisgarh, and Rajasthan via price-based and yield-based methods.
The Reserve Bank of India has scheduled auctions for 91-day, 182-day, and 364-day Treasury Bills totaling ₹24,000 crore. Auctions will occur on October 21, 2026, with settlement on October 22, 2026.
A weekly compilation of significant rulings from the Supreme Court and various High Courts between October 3 and 9, 2026, covering tax, commercial, and procedural matters.
The Directorate General of Foreign Trade extended the Rebate of State and Central Taxes and Levies (RoDTEP) scheme until December 31, 2026, maintaining existing rates and value caps.
The Institute of Chartered Accountants of India removed a CA’s name from the register for one year for failing to report ₹1,150 crore fund siphoning and ignoring going concern uncertainties during audit.
On October 16, 2026, several state governments, including Andhra Pradesh and others, announced auctions to raise ₹24,400 crore through the re-issue of State Government Securities (SGS), with price-based and yield-based bidding methods.