NICAI Update
CA Raj Chawla
Quotes of the day;
1. Once you are matured you will realise that silence is more important than proving your point.
2. Distance never kills a Relation, Closeness never builds a Relation. It's the care of someone's feelings Which builds faith and maintainS Relations.
NICAI Update;
1. GSTAT has issued an important Office Order dated 14.05.2026 regarding constitution of GSTAT Benches and category-wise hearing system for GST appeals. GST appeals have now been divided mainly into three categories:
Category-I
ITC, classification, valuation, section 73/74 matters etc.
Category-II
Registration, cancellation, refund, recovery matters etc.
Category-III
Penalty, seizure, confiscation, provisional attachment matters etc.
2. An important clarification has also been made that cases involving tax effects below Rs. 50 lakhs and not involving any question of law may be heard by a Single Bench. However, all matters shall first be placed before the Division Bench and only thereafter may be transferred to Single Bench, if no question of law is involved.
3. Delhi government has announced a sharp reduction in Value Added Tax (VAT) on aviation turbine fuel (ATF), bringing it down from 25 per cent to 7 per cent for the next six months. The decision was cleared during a Cabinet meeting led by Chief Minister Rekha Gupta. It also comes a day after the Maharashtra government announced a similar reduction in VAT for aviation fuel.
4. The move comes as airlines continue to face rising operational costs and uncertainty caused by the ongoing West Asia crisis. Why has Delhi reduced VAT on ATF The Delhi government believes the tax reduction will support the aviation sector, improve connectivity and encourage business activity linked to tourism and trade. In a post shared on X, the Delhi Chief Minister’s Office said the reduced VAT rate is intended to provide relief to passengers and make air travel “more convenient and affordable”. The government also said the move is expected to support trade, investment and employment growth in the national capital.
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With best regards
CA (Dr) Raj Chawla
B.Com (Hons), FCA, FCS, FCMA, LLB
MIMA, DISA, MICA, Phd, ASA (Aust), CMP (USA)
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