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LatestGoods & Service Tax (GST) 16 October 2026

GST Refund and Compliance Updates Across India

Recent GST developments include a tribunal-ordered refund of over ₹4.3 lakh for a cancelled flat booking, a Rs 50 crore penalty on IRCTC for withholding GST benefits, new CBDT guidelines on revenue audit objections, clarification that e‑way bill mismatches cannot generate tax demand, and proposed 2027 reforms for real‑time ITC reconciliation. Additional rulings cover taxable corporate guarantees and a Rs 2.5 crore tax fraud bust, highlighting stricter enforcement and upcoming changes.

Key updates:
- GST Appellate Tribunal orders a ₹4.32 Lakh refund for a flat buyer (source)
- IRCTC directed to deposit Rs 50 crore for not passing GST benefit on Rail Neer (source)
- CBDT issues guidelines on revenue audit objections under Section 154 of the Income Tax Act (source)
- GSTAT states e‑way bill mismatches cannot be the basis for GST demand when goods are recorded in books (source)
- April 2027 GST return reforms propose real‑time invoice matching and automated credit reconciliation (source)
- Gujarat High Court rules corporate guarantees to subsidiaries are taxable supplies under GST (source)
- GST department uncovers Rs 2.5 crore tax fraud at Ramnagar resort (source)

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