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Dear Reader,
Greetings for the day!!!
We are pleased to share the recent Tax notification and circulars.
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Direct Tax
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CBDT releases Guidance Note on Crypto-Asset Transaction Reporting under Income Tax Rules aligned with OECD’s Crypto-Asset Reporting Framework (CARF)
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Mauritian Government approved and ratified India-Mauritius Double Taxation Avoidance Agreement (DTAA) protocol
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CBDT released 8th Annual Advance Pricing Agreement (APA) Report with total 𝟮𝟮𝟬 𝗔𝗣𝗔𝘀 𝘀𝗶𝗴𝗻𝗲𝗱 𝗱𝘂𝗿𝗶𝗻𝗴 𝗙𝗬 𝟮𝟬𝟮𝟱-𝟮𝟲, the highest ever in a single financial year since inception of APA programme.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to Chhattisgarh Real Estate Regulatory Authority subject to prescribed conditions.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to Fees Regulating Authority, Maharashtra, subject to prescribed conditions.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to Kerala Real Estate Regulatory Authority for specified income subject to prescribed conditions.
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Goods And Services Tax
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GSTN Keeps Proposed e-Way Bill System Enhancements on Hold
GSTN had earlier issued advisories dated 9th June 2026 and 17th June 2026 regarding certain proposed enhancements to the e-Way Bill system, with the scheduled date of implementation as 1st August 2026. Detailed FAQs relating to these enhancements were also issued on 2nd July 2026. It is hereby informed that the implementation of the above-mentioned enhancements has been kept on hold until further notice. Accordingly, all stakeholders are advised that no changes are required to be implemented in the production environment pursuant to the aforesaid advisories until further communication. All related advisories, along with the FAQs issued, shall also be withdrawn from the GST Portal.
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GSTAT Reconstitutes Benches and Revises Classification of Case Categories w.e.f. 1st August 2026
The Goods and Services Tax Appellate Tribunal (GSTAT) has issued Office Order No. 4/GSTAT/PB/2026 dated 29th July 2026, in continuation of Office Order No. 03/GSTAT/PB/2026 dated 14th May 2026, reconstituting its Benches and revising the classification and assignment of cases as per Rule 123 of the GSTAT (Procedure) Rules, 2025, with effect from 1st August 2026. The reconstitution follows the joining of three Technical Members (State) at the Chennai, Madurai and Delhi State Benches. Under the revised arrangement, the Delhi Bench, along with the Chennai, Coimbatore, Madurai, Puducherry (Circuit Bench) and Lucknow Benches have been assigned separately to hear Category-I and Category-II cases on specified days, while the Bengaluru Bench shall continue to follow its own distinct three-category classification (Category-I, II and III) covering matters ranging from classification and valuation disputes, ITC-related issues, registration matters, provisional assessment, refunds and penalties, to demand determinations under Sections 73 and 74 of the CGST Act. The Order further directs that all part-heard matters shall be released and reassigned as per the revised classification, and clarifies that while the Registry may consider the category declared by the Appellant/Petitioner, such declaration shall not be treated as conclusive; the Registry shall independently examine the pleadings, facts and questions of law involved before placing the matter before the appropriate Bench.
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