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GSTGSTN advisory: hard-locking of auto-populated GSTR-3B liability from the next return periodIncome TaxCBDT extends TDS statement filing relief for deductors hit by portal downtimeFEMARBI tightens reporting timelines for ODI remittances under the LRS routeCase LawITAT: reassessment invalid where approval recorded without independent application of mindMCACompanies (Accounts) amendment prescribes fresh audit-trail confirmations

Daily Intelligence Capsule — 4 August 2026

Latest EditionLatest Edition — Tuesday, 4 August 2026

GST Updates

Ship-to-GSTIN Now Mandatory in e-Invoice and e-Way Bill APIs: What Changes From 1 August 2026

GST Updates

GSTN has made the Ship-to GSTIN field mandatory across e-Invoice and e-Way Bill APIs. Here is what breaks if your ERP master data isn't updated, and how to fix it before your next dispatch.

Read the briefing

Alstom Transport: Why Partial ITC-02 Transfer on Amalgamation Fails

Supreme Court to Rule

The Gujarat High Court held that a transferor cannot split unutilised ITC between an ITC-02 transfer and a separate cash refund claim on amalgamation. The matter is now before the Supreme Court.

Read: Supreme Court to Rule

Finance Act

ITR-3 and ITR-4 (Non-Audit) Due Date Now Permanently 31 August: Finance Act 2026 Staggers Return Filing

The common 31 July due date for all non-audit ITRs is gone. Under the Finance Act 2026, ITR-3 and ITR-4 (non-audit cases) now carry a separate, statutory 31 August due date.

Read: ITR-3 and ITR-4 (Non-Audit) Due Date Now Permanently 31 August: Finance Act 2026 Staggers Return Filing

Case Law

Income Tax Case Law Roundup: The 7-Day SCN Rule and the Section 271C TDS Penalty Distinction

Two rulings this week reshape how faceless assessment notices and TDS penalty proceedings should be handled: a mandatory 7-day SCN window, and a sharpened line between non-deduction and delayed deposit under Section 271C.

Read: Income Tax Case Law Roundup: The 7-Day SCN Rule and the Section 271C TDS Penalty Distinction

FEMA & RBI

RBI Notifies FEMA (Guarantees) Regulations, 2026: Quarterly Form GRN Reporting Now Mandatory

RBI has replaced the year-2000 FEMA guarantee regulations with a 2026 framework that introduces mandatory quarterly reporting of cross-border guarantees in Form GRN, backed by Late Submission Fees for delay.

Read: RBI Notifies FEMA (Guarantees) Regulations, 2026: Quarterly Form GRN Reporting Now Mandatory

Circular

MCA Extends CCFS-2026 Compliance Relief to 31 August 2026 After MCA21 Data-Centre Fire

Following the MCA21 data-centre fire on 5 June, the Ministry of Corporate Affairs has extended its Company Compliance Fee Scheme relief window to 31 August 2026 — normal fee plus only a 10% additional fee.

Read: MCA Extends CCFS-2026 Compliance Relief to 31 August 2026 After MCA21 Data-Centre Fire

AI

Supreme Court Sets Aside NCLT Order Over AI-Hallucinated Case Citations

The Supreme Court has set aside an NCLT order that relied on non-existent case citations, apparently generated by an AI tool, and directed the Bar Council of India to frame norms for AI use in legal drafting.

Read: Supreme Court Sets Aside NCLT Order Over AI-Hallucinated Case Citations

Income Tax

REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly

A REIT or InvIT payout can bundle interest, dividend, rental income and capital repayment in one distribution — each taxed differently. Here's how to read your statement correctly, including two rules commonly stated backward.

Read: REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly

Income Tax

High-Value Financial Transactions Reported to the Income-tax Department: The Complete Rule 114E Guide

Which bank deposits, property deals and card payments get reported to the Income-tax Department under Rule 114E — thresholds, penalties, and what to do about AIS mismatches.

Read: High-Value Financial Transactions Reported to the Income-tax Department: The Complete Rule 114E Guide