Goods and Services Tax

Input Tax Credit restriction for construction on own account bars ITC on inputs used to build property intended for letting.
Case-Laws
GST
Section 17(5)(d) of the CGST Act denies Input Tax Credit for goods or services received for construction of an immovable property on one's own account, excluding plant and machinery; the provision's phrase “including when such goods or services or both are used in the course or furtherance of business” is interpreted to extend the block to constructi

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Place of supply: transactions between Indian supplier and recipient constitute taxable supply, requiring GST registration even if goods stay abroad.
Case-Laws
GST
Transfer of title on invoicing to an Indian purchaser constitutes a taxable supply of goods between two persons in the taxable territory even though goods are sourced and remain outside India; consequently GST registration and tax payment are required under the governing supply provisions. Paragraph 7 of Schedule III (non-taxa

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IDFC FIRST Bank launches FD backed Hello Cashback Credit Card with up to 5% Cashback
GST
Dated:- 16-2-2026
PTI
Mumbai, 16th February 2026: IDFC FIRST Bank launches Hello Cashback Credit Card, a fixed-deposit-backed offering designed to make credit more accessible for digitally savvy customers, especially young adults aged 18+ with online-first and UPI-led spending habits. The card enables customers to begin building their credit history while benefiting from a strong and clearly differentiated cashback proposition on everyday digital payments.

Hello Cashback features a powerful tiered cashback structure, offering 5% cashback on online spends above ?10,000, 3% cashback on online spends up to ?10,000, and 1% cashback on in-store, contactless, and UPI transactions. Uniquely, the 1% cashback also extends to essential categories such as utilities, education, and insurance. The card is priced at a joining fee of ?1,000 and an annual fee of ?1,000, with the joining fee waived

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y Cashback Cap of ?1,500 across all categories per statement cycle.

6. One fixed deposit. Two returns. The fixed deposit earns interest and powers cashback on every card spend.

7. 100% FD-Linked Credit Limit: Credit limit equal to 100% of fixed deposit value.

8. Access to FD Funds via Card: ATM cash withdrawal limit up to 100% of FD value, interest-free for up to 45 days, with a nominal ?199 + GST withdrawal fee.

9. Instant Credit Limit Enhancement: Flexibility to link additional fixed deposits and increase credit limit instantly.

10. Built-In Safety & Convenience includes insurance covers, purchase protection, lost card liability, roadside assistance, and 1% fuel surcharge waiver, making credit safer & convenient for first-time users.

Fees & Eligibility

The Hello Cashback Credit Card is available against a fixed deposit starting at ?10,000. The joining fee of ?1,000 + GST is waived until March 31, 2026 as an introductory offer. The annual fee of ?1,00

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hello-cashback-credit-card

About the Bank

1. Vision: To build a world-class Bank in India, founded with principles of Ethical, Digital, and Social Good Banking.

2. Scale: IDFC FIRST Bank is one of India’s fast-growing private banks, building its UI, UX, and tech stack like a fintech. As of December 31, 2025, the Bank serves 35 million customers, with a customer business of Rs. 5,62,090 crore ($63.0b) comprising customer deposits of ?2,82,662 crores ($31.7b) and loans & advances of ?2,79,428 crores ($31.3b). Customer deposits grew 24.3% YoY and loans 20.9% YoY. We reach over 60,000 cities, towns, and villages, operate through 1,066 branches.

3. Scope: We are a universal Bank offering complete range of services, including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Credit Cards, Wealth Management, Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions.

4. Ethical Banking: We are committed to doing right even wh

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usually reserved for the wealthy, even to those holding balances as low as ?5,000. Our ESG scores are high and improving.

7. Customer Friendly Banking: We make banking easy by having a customer first approach. We have waived fees on 36 essential savings account services which are commonly charged in the market, the first and only bank in India to do so. We create “pull” products that customers actively seek out.

8. Governance: We adhere to regulatory guidelines in letter and spirit and actively work with regulators to make things better. We take pride in maintaining highest levels of corporate governance.

9. Shareholders: We are building a well-diversified universal banking portfolio designed to deliver consistent ROE of 16%+.

Employees: IDFC FIRST Bank is designed to be a happy place to work, with cutting-edge roles, meaningful growth opportunities, and a culture of meritocracy. Compensation is healthy, efforts are recognized, and employees experience the pride

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CGST Delhi South officials arrest one company director in fraudulent availing ITC of Rs.6.53 crore
GST
Dated:- 14-2-2026

As part of its ongoing enforcement drive against fraudulent ITC claims, the Anti-Evasion Branch of the Central Goods & Services Tax (CGST), Delhi South Commissionerate, has unearthed another significant case of tax evasion and has arrested a Director of a private limited company engaged in trading of electronic goods for fraudulent availment of Input Tax Credit (ITC) amounting to Rs.6.53 crore through bogus invoices of Rs.36.28 crore.

Investigation revealed that the company had availed inadmissible ITC on the basis of invoices issued by multiple firms, some of which were found to be non-existent, non-funct

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Service of affiliation is not covered by the admission/examination exemption and affiliation fees attract GST.
Case-Laws
GST
Service of affiliation and inspection fees charged by universities are not covered by the exemption for 'service in connection with admission of students or conduct of examination'; such fees are independent services provided to grant affiliation and precede any admission, which is governed by statutory criteria and institutional infrastructure. The High Court rej

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Alternative remedy of appeal requires petitioner to pursue an appeal with delay condonation; court relegates challenge to the appellate forum.
Case-Laws
GST
High Court noted petitioner challenged a refund rejection and an administrative circular but bypassed the alternative remedy of appeal under the CGST regime; invoking principles of natural justice did not prevent relegation to the statutory appellate forum. The court disposed the writ, permitting the petitioner to prefer an appeal w

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Prejudice test: absence of Form GST DRC-01A intimation did not vitiate proceedings where no prejudice shown.
Case-Laws
GST
Violation of natural justice by non-issuance of intimation in Form GST DRC-01A under amended Rule 142(1A) was examined through the prejudice test: since Rule 142(1A) does not mandate a 'period' and the petitioner failed to demonstrate any actual prejudice from non-issuance, the impugned show-cause notice and Order-in-Original were not set aside. The court treated th

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Profiteering under GST: finding requires passing proportionate input tax credit benefit to buyer with interest and compliance reporting.
Case-Laws
GST
Profiteering under the GST framework was found arising from failure to pass on input tax credit; the investigative report's computations were accepted as conclusive and used to quantify profiteering and a proportional adjustment for completed work, resulting in a specified amount payable to the applicant. The respondent is directed to pay

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Composite healthcare supply: inpatient medicines exempt; outpatient medicines taxable, tied to principal-supply test under composite supply rules.
Case-Laws
GST
Inpatient services constitute a composite supply where healthcare services are the principal supply and medicines, consumables, implants and food supplied to admitted patients during treatment form an integral, exempt part of the service under Entry No.74 of Notification No.12/2017-C.T.(Rate). Outpatient consultation is exempt,

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Valuation of second hand goods: margin scheme inapplicable; tax payable on transaction value of used car, not on margin.
Case-Laws
GST
Sale of a used car constitutes an outward supply in the course of business and is taxable under GST; the margin-based valuation for second hand goods (Rule 32/Notification No.8/2018) is inapplicable because the seller does not deal in buying and selling of second hand goods and the vehicle was originally purchased as new. Input tax credit on motor vehicl

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Export of Services – a non compete fee paid in foreign exchange qualifies as zero rated where recipient is abroad.
Case-Laws
GST
The note treats a non compete fee for agreeing to refrain from competing as a taxable 'supply of services' under Schedule II(5)(e) and Section 9(1) CGST; where the supplier is in India and the recipient is located abroad, payment is in foreign exchange and the establishments are not merely distinct persons, the transaction meets the five conditions of export u

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Advance Ruling jurisdiction: queries about a tenant's hostel supply fall outside applicant's remit, application rejected on admissibility grounds.
Case-Laws
GST
Advance ruling application concerning whether hostel accommodation provided by the applicant's tenant qualifies as a residential dwelling and is exempt under Entry 12/12A was held inadmissible because the queries relate to supplies made by the tenant, not supplies by the applicant, and thus fall outside the scope of advance ruli

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Retail liquor prices set to rise in Uttar Pradesh
GST
Dated:- 13-2-2026
PTI
Lucknow, Feb 13 (PTI) Retail liquor prices are set to increase in Uttar Pradesh from April, as the state has approved the excise policy for 2026-27, which focuses on an export-focused framework and revised MRP norms to boost revenue.

According to a press statement, the state cabinet cleared the policy, introducing higher licence fees for retail vendors and revisions in pricing norms that are expected to push up liquor prices across categories in the new financial year.

Meanwhile, the state has also notified a dedicated excise export policy for 2026-29, making it the first in the country to introduce a standalone framework to promote overseas shipme

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retail price (MRP) of country liquor and Uttar Pradesh Made Liquor (UPML), except for 25 per cent v/v strength, will be rounded up to the next multiple of Rs 10. A new 100 ml pack has also been introduced for 42.8 per cent v/v UPML. Officials estimate these measures could yield an additional Rs 1,500 crore in revenue.

As per the statement, retail outlets, including composite shops, model shops, premium model shops, country liquor and bhang stores, will primarily be allotted through a renewal process upon receipt of applications. Shops will continue to operate between 10 am and 10 pm.

The annual minimum guaranteed quantity (MGQ) for country liquor shops will be revised with area-specific increases, and its monthly distribution will be

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GST refund distribution to consumers via regulatory tariff adjustment ruled impermissible; High Court devised procedure set aside
Case-Laws
GST
Section 54(8)(e) of the CGST Act excludes from fund credit any refundable amount that was not passed on by the taxpayer; because the respondent admitted passing the tax burden to consumers, that exception did not apply and the refund could not be paid to consumers under the provision. The High Court nevertheless accepted a taxpayer proposal to d

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Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left open
Case-Laws
GST
Contractual supply of mud engineering services together with site-specific chemicals constitutes a composite supply because the goods and services are naturally bundled, necessary for execution, and form an essential, intertwined part of the contractual obligation; separate billing does not alter its nature. The chemicals

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Admission in pleadings and bill verification procedures: failure to deny treated as admission and ex parte bill report quashed.
Case-Laws
GST
Failure to specifically deny allegations in the written statement constitutes an admission under Order VIII Rules 3 and 5, permitting the court under Order XII Rule 6 to act on such admissions and treating admitted facts as substantive evidence without proof under Section 58 of the Evidence Act; consequence: petitioner entitled to relief on undisp

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Entitlement to input tax credit despite limitation: quashed limitation-based disallowances; refunds, adjustments allowed; recovery restrained, fraud cases preserved
Case-Laws
GST
Entitlement to input tax credit under the law survives despite a limitation clause: the retrospective amendment and extension of the deadline to claim ITC enable claims within the extended window, and assessment orders denying ITC solely on limitation grounds are quashed accordingly, with relief directed to ref

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Omission of Sections 73 and 74 in GST: Section 74A applies from 2024-25, assessment set aside and remitted.
Case-Laws
GST
Sections 73 and 74 of the GST statute were omitted effective 01.04.2024, so Section 74A governs assessments from financial year 2024-2025; therefore actions premised on the omitted provisions lack jurisdiction. A show cause notice and assessment issued purporting to act under the old provision but referencing the new provision reflected non-application of mind and pr

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Denial of Input Tax Credit to bona fide purchaser overturned; ITC of Rs.22.09 lakh restored after finding no fraud
Case-Laws
GST
Denial of input tax credit (ITC) was considered where no finding of collusion, fraud, or mala fide conduct existed; the authority invoked non fraud procedure, indicating the transaction was bona fide, so depriving the purchaser of ITC would be arbitrary under Article 14. The court distinguished assessment under non fraud and fraud processes and applied the rat

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Blocking of Electronic Credit Ledger and duty to disclose material facts led to dismissal; court refused writ interference.
Case-Laws
GST
Blocking of the electronic credit ledger was challenged while parallel proceedings imposing tax, interest, fee and penalty under statutory tax provisions were pending; the petitioner's failure to disclose those proceedings in the writ was held material and counselling non-interference by the writ forum. Because the re-blocking related to an assessment

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GST tax demand appeal permitted subject to 50% provisional deposit and 30 day filing extension; OD account protected
Case-Laws
GST
High Court granted liberty to prefer a statutory GST appeal subject to a conditional extension and provisional deposit: the petitioner may file the appeal within 30 days on payment of 50% of the disputed tax, failing which the appeal must be dismissed and recovery may proceed as if the writ were dismissed. The court held that a bank overdraft account cannot

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Show cause notice for GST registration cancellation over alleged ITC from non existent suppliers; officer may decide after replies
Case-Laws
GST
Show cause notice sought cancellation of GST registration for alleged breach of Rule 21(e) by claiming input tax credit from non existent or non operating suppliers; the notice relied on a DGGI communication as supporting material. Petitioner filed specific replies (including Form GST REG 18) addressing the allegation, indicating understanding

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Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restrictions
Case-Laws
GST
Cross country pipeline qualifies as immovable property under the doctrine of fixtures: items attached to or embedded in the earth intended for permanent beneficial enjoyment become part of the land, so works contract services for construction of such pipeline do not attract input tax credit. The pipeline, being laid outside

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Battery energy storage systems as storage service, not generation; GST applies at 18% and registration required.
Case-Laws
GST
Battery energy storage systems (BESS) are characterised as storage facilities that convert electrical energy to chemical energy and back, and therefore are not generation, transmission or distribution utilities; accordingly, exemption notifications for generation/transmission/distribution do not apply, whether BESS is standalone or co located. The activity of de

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Valuation and GST on residential real estate construction: concessional rates allowed for affordable and other units subject to conditions.
Case-Laws
GST
Construction activity was held to involve both supply of goods and supply of services, and a project meeting the residential real estate project definition with under 15% commercial carpet area qualifies for concessional entries 3(i) and 3(ia); outcome – applicant may apply concessional GST rates subject to prescribed conditions. Valua

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