LatestGoods & Service Tax (GST) 29 October 2026
GST Updates: Rates, Courts, and Refunds
The CBIC issued new GST classification and rate guidance for items like sublimation paper and toys, while the Punjab‑Haryana High Court barred retrospective Section 122(1A) penalties. Former treasurer Peter Costello warned against raising GST. Delhi High Court held a common GST notice valid, and GSTAT said ITC needs actual goods receipt and upheld rail‑transport exemption for hatching eggs. A tribunal also affirmed refunds for pre‑July 2022 ITC claims.
- CBIC clarification: New GST classification and rates for sublimation paper, toys, used motor vehicles and seaweed‑based bio‑stimulants. Read more
- Punjab‑Haryana High Court ruling: Section 122(1A) penalty cannot be applied retrospectively. Read more
- Peter Costello on GST hike: Former treasurer argues raising GST is a bad idea and urges spending cuts instead. Read more
- Delhi High Court decision: A common GST notice to multiple taxpayers is not defective per se. Read more
- ITC receipt requirement: Invoices and bank payments alone cannot secure input tax credit without actual goods receipt. Read more
- Rail transport exemption: GSTAT upheld exemption for rail transport of hatching eggs. Read more
- Refund for pre‑July 2022 ITC: Tribunal ruled that delay in filing does not deny refund entitlement. Read more
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