Team Bizsol

Refund claim of unutilized ITC on export of services cannot be rejected for non-submission of FIRC when CA certificate & other documents submitted -Ahmedabad High Court { Kuehne Plus Nagel Pvt. Ltd. V/s Union of India – (2025) 32 Centax 176 (Guj.)} Issue: Refund of unutilized ITC on export of services was rejected for not …

Judicial Corner: Refund claim of unutilized ITC on export of services cannot be rejected for non-submission of FIRC when CA certificate & other documents submitted -Ahmedabad High Court (22.07.2025) Read More »

Cancellation of assessee’s registration upheld as supplier non-existent and no genuine transaction proof – Bombay High Court{Afzal Husain Altaf Husain Saiyed V/s Union of India (2025) 32 Centax 190 (Bom.)} Issues: Whether the cancellation of GST registration under Section 29(2) read with Rule 21 of the CGST Rules, 2017, was justified Facts: The assessee claimed …

Judicial Corner: Cancellation of assessee’s registration upheld as supplier non-existent and no genuine transaction proof – Bombay High Court (21.07.2025) Read More »

GST cancellation order set aside as it was based on new grounds not mentioned in show cause notice – Allahabad High Court {Pragya Publicity Center V/s State of U.P. (2025) 31 Centax 227 (All.)}   Issues: Whether the GST cancellation order is valid when it is based on a ground not mentioned in the Show …

Judicial Corner: GST cancellation order set aside as it was based on new grounds not mentioned in show cause notice – Allahabad High Court (19.07.2025) Read More »

Penalty upheld as assessee failed to substantiate tax invoice weight with documents/bank statements for excess goods in transit – Calcutta High Court {S. N. Trading Co. V/s Union of India – (2025) 32 Centax 179 (Cal.)}   Issue: Whether penalty imposed under Section 129 of CGST Act was justified when excess goods were found in …

Judicial Corner:Penalty upheld as assessee failed to substantiate tax invoice weight with documents/bank statements for excess goods in transit – Calcutta High Court (18.07.2025) Read More »

DGFT Correction issued revising HS Code from 530010 to 531010 for unbleached woven jute or bast fibre fabrics under import policy restrictions on certain goods imported from Bangladesh. (Corrigendum to Notification No. 21/2025-26 dated 27.06.2025)

GST: GSTN will notify taxpayers via email/SMS on OTP-based data access by ASPs and allow revocation of active consents through the portal, enhancing transparency and control over data sharing. (Advisory dated 17.07.25)

GST: GSTN has enabled filing of appeals (APL-01) against waiver rejection orders (SPL-07) on the portal. Alternatively, original appeals can be restored by submitting an undertaking under “Orders” section. (Advisory dated 16.07.25)

Writ jurisdiction cannot re-appreciate evidence for valuation dispute when alternative remedy exists – Calcutta High Court {Vinod Maurya V/s Union of India (2025) 32 Centax 110 (Cal.)} Issue: Whether the High Court, in its writ jurisdiction under Article 226, can re-appreciate factual evidence and adjudicate valuation disputes under Section 129 of the CGST Act, 2017, …

Judicial Corner: Writ jurisdiction cannot re-appreciate evidence for valuation dispute when alternative remedy exists – Calcutta High Court (17.07.2025) Read More »

RBI: To ease compliance for small exporters, RBI has issued draft guidelines to simplify shipping bill closure in the Export Data Processing and Monitoring System. Stakeholders can submit feedback by 31st July 2025. (Press Release: 2025-2026/705)

RBI The due date for submitting the annual census on FLA as on end March-2025 on the FLAIR portal has been extended to July 31,2025. (Announcement)

DGFT Clarification has been issued that organic textiles are not covered under NPOP accreditation. Hence, NAB-accredited Transaction Certificates are not required; exporters must furnish TCs from GOTS or Textile Exchange. (Policy Circular No. 1/2025-26 dated 15.07.25)

Customs Steel inputs in shipments with Bill of Lading dated on or before 15.07.2025 and supplies by verified Integrated Steel Plants are exempted from mandatory Indian Standards under QCO. (Instruction No.23/2025-Customs dated 15.07.25)

Income Tax: The Income-tax Department launched a nationwide verification drive to curb fraudulent claims of deductions and exemptions in ITRs filed with the help of intermediaries. (Press Release dated 14.07.25)

Income Tax District Legal Service Authority and Baddi Barotiwala Nalagarh Development Authority have been granted income tax exemption under section 10(46) for their specified income. (Notification No. 114 /2025 & Notification No. 115 /2025 dated 14.07.25)

DGFT   A draft Internal Compliance Programme (ICP) framework for exporters of dual-use (SCOMET) items has been released. Stakeholders are invited to submit feedback within 10 days to standardize compliance procedures. (Trade Notice No. 07/2025-26 dated 14.07.25)

Matter remanded as appellate order lacked clarity on adjustment of recovered amount against principal tax demand – Calcutta High Court{ Mahesh Kumar Mishra V/s Union of India – (2025) 31 Centax 422 (Cal.)} Issue : Whether recovery made from the credit ledger pursuant to a demand should have been adjusted against the principal tax demand, …

Judicial Corner: Matter remanded as appellate order lacked clarity on adjustment of recovered amount against principal tax demand – Calcutta High Court (14.07.2025) Read More »

Company Law: SEZ Rules amended to promote semiconductor manufacturing: land requirement reduced to 10 hectares, export norms eased, NFE to include free supplies, and minimum land for some SEZs cut to 4 hectares. (Notification No. G.S.R. 364(E) [F.NO. K-43022/150/2024-SEZ]

Customs: Import policy for Iridium, Osmium, and Ruthenium alloys amended to restrict imports containing over 1% gold by weight. (Instruction No.22/2025-Customs dated 09.07.25)