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Goods & Service Tax (GST) 21 September 2026

GST & Tax News: Court Wins, Receivership, Price Hikes, and Carbon Tax Impact

Recent GST and tax developments span India and abroad, including the Bombay High Court overturning a GST demand on Dharma Productions, Drexler Construction entering receivership over CRA arrears, ITC raising cigarette prices after excise and GST hikes, Nestle India receiving a reduced GST penalty and declaring a special dividend, commodity price spikes eroding gains from India’s GST rate rationalisation, and the Madras High Court granting a fresh hearing after full tax payment despite missing the GST amnesty deadline. Additionally, the US Regional Greenhouse Gas Initiative carbon tax set a new record, potentially adding $1 billion to electricity costs.

Key GST & Tax Updates
- *Bombay High Court* quashed the GST demand on Dharma Productions after appellate rejections. Read more
- *Drexler Construction* placed into receivership; CRA arrears of $244,769 and $4.11 million unsecured debt cited. Details
- *ITC Limited* increased cigarette prices following higher excise and GST, boosting share price and acquiring 22.1% of Happiest Minds. Source
- *Nestle India* confirmed compliance, received a reduced GST penalty of ₹12.97 lakh, and announced a ₹2 per share special dividend. Info
- *Commodity prices* a year after GST rationalisation have eaten into the anticipated gains from the rate changes. Report
- *Madras High Court* ruled that full tax payment justifies a fresh hearing despite missing the GST amnesty deadline. Read
- *US Regional Greenhouse Gas Initiative* carbon tax hit a new record, potentially adding $1 billion to electricity costs in a year. Details

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