Daily Updates

Customs  The CBIC has issued Instruction No. 32/2025-Customs dated 10.11.2025, aligning the ITC (HS) 2022 – Schedule I (Import Policy) with the amendments introduced under the Finance Act, 2025. The update follows DGFT Notification No. 44/2025-26 dated 15.10.2025 and includes changes to ITC (HS) codes, policy conditions, and chapter notes to ensure consistency between customs …

Customs: The CBIC has issued Instruction No. 32/2025-Customs dated 10.11.2025, aligning the ITC (HS) 2022 – Schedule I (Import Policy) with the amendments introduced under the Finance Act, 2025. The update follows DGFT Notification No. 44/2025-26 dated 15.10.2025 and includes changes to ITC (HS) codes, policy conditions, and chapter notes to ensure consistency between customs and trade policy frameworks. (12.11.2025) Read More »

HC- Blocking of ITC under Rule 86A is valid only to the extent of credit available in electronic credit ledger{ Rawman Metal & Alloys vs. Deputy Commissioner of State Tax [2025] 179 taxmann.com 387 (Bombay)} Facts: Assessee’s electronic credit ledger showed a ‘Nil’ balance at the time the department invoked Rule 86A of the CGST …

Judicial Corner:HC- Blocking of ITC under Rule 86A is valid only to the extent of credit available in electronic credit ledger{ Rawman Metal & Alloys vs. Deputy Commissioner of State Tax [2025] 179 taxmann.com 387 (Bombay)} (11.11.2025) Read More »

HC remanded matter as AO didn’t consider applicability of circulars referred by assessee{ Amman Try Trading Company (P.) Ltd. vs. State Tax Officer – V (RS) [2025] 180 taxmann.com 30 (Madras)}   Facts: Assessee had given a corporate guarantee to a related party, and the department demanded GST on it treating it as a supply …

Judicial Corner : HC remanded matter as AO didn’t consider applicability of circulars referred by assessee{ Amman Try Trading Company (P.) Ltd. vs. State Tax Officer – V (RS) [2025] 180 taxmann.com 30 (Madras)} (10.11.2025) Read More »

Supreme Court ruled that bona fide buyers can claim ITC even if the seller doesn’t deposit tax, provided transactions are genuine and there’s no collusion. { Commissioner Trade and Tax Delhi vs. M/s Shanti Kiran India (P) Ltd. (CA Nos. 2042-2047/2015 & 9902/2017)}   Facts: The purchasing dealer (Shanti Kiran India Pvt. Ltd.) had purchased …

Judicial Corner: Supreme Court ruled that bona fide buyers can claim ITC even if the seller doesn’t deposit tax, provided transactions are genuine and there’s no collusion. { Commissioner Trade and Tax Delhi vs. M/s Shanti Kiran India (P) Ltd. (CA Nos. 2042-2047/2015 & 9902/2017)} (07.11.2025) Read More »

HC remanded matter as no reply to SCN was filed due to limited access to GST portal after suspension of registration { Deep Autotec (P.) Ltd. vs. Sales Tax Officer Class II Avato [2025] 179 taxmann.com 345 (Delhi)} Facts: The petitioner-company’s GST registration was suspended, due to which it had limited access to the GST …

Judicial Corner: HC remanded matter as no reply to SCN was filed due to limited access to GST portal after suspension of registration { Deep Autotec (P.) Ltd. vs. Sales Tax Officer Class II Avato [2025] 179 taxmann.com 345 (Delhi)} (05.11.2025) Read More »

Income Tax  CBDT has announced that the Income Tax Act, 1961 will stand repealed with effect from 01.04.2026, in accordance with Section 536 of the Income Tax Act, 2025. Further, under Section 397(3)(f) of the new Act, a deductor/collector may file a correction statement within two years from the end of the relevant tax year. …

Income Tax: CBDT has announced that the Income Tax Act, 1961 will stand repealed with effect from 01.04.2026, in accordance with Section 536 of the Income Tax Act, 2025.(04.11.2025) Read More »

Customs CBIC, vide Instruction No. 31/2025-Customs dated 03.11.2025, has notified the inclusion of Kannur International Airport, Kerala as an additional Point of Entry for import of food items under the Food Safety and Standards (FSS) Act, 2006 and FSS (Import) Regulations, 2017. The Superintendent/Appraiser/Inspector/Examiner at Kannur International Airport have been designated as Authorised Officers for …

Customs: CBIC, vide Instruction No. 31/2025-Customs dated 03.11.2025, has notified the inclusion of Kannur International Airport, Kerala as an additional Point of Entry for import of food items under the Food Safety and Standards (FSS) Act, 2006 and FSS (Import) Regulations, 2017.(04.11.2025) Read More »

Where amount of penalty and interest raised in order was beyond amount specified in show cause notice, such order was in violation of provisions of section75(7) and could not be sustained {Shri Radhe Contractor vs Union of India [2025] 179 taxmann.com 450 (Allahabad)}   Facts of the Case Petitioner was issued a show cause notice …

Judicial Corner: Where amount of penalty and interest raised in order was beyond amount specified in show cause notice, such order was in violation of provisions of section75(7) and could not be sustained {Shri Radhe Contractor vs Union of India [2025] 179 taxmann.com 450 (Allahabad)} (03.11.2025) Read More »

GST: The Central Government notified the Central Goods and Services Tax (Fourth Amendment) Rules, 2025, introducing key changes to streamline GST registration, effective from November 1, 2025. Automated Registration (New Rule 9A): A new fast-track mechanism has been introduced for applicants seeking registration under Rules 8, 12, or 17. Based on data analytics and risk …

GST:The Central Government notified the Central Goods and Services Tax (Fourth Amendment) Rules, 2025, introducing key changes to streamline GST registration, effective from November 1, 2025. (01.11.2025) Read More »

DGFT: The Directorate General of Foreign Trade (DGFT), vide Trade Notice No. 16/2025-26 dated 29.10.2025, has announced that the provisional allocation of Tariff Rate Quota (TRQ) for import of Gold Bullion under the India–UAE CEPA for FY 2025–26 stands cancelled. Applicants who have applied for TRQ allocation may now seek a refund of the application …

DGFT:The Directorate General of Foreign Trade (DGFT), vide Trade Notice No. 16/2025-26 dated 29.10.2025, has announced that the provisional allocation of Tariff Rate Quota (TRQ) for import of Gold Bullion under the India–UAE CEPA for FY 2025–26 stands cancelled.(01.11.2025) Read More »

State GST authorities had initiated proceedings under Section 74 against a works contractor for wrongful ITC on the same invoices and periods. As a result, Section 6(2)(b) barred parallel action by the Central GST authorities on the identical subject matter, rendering the Central SCN, OIO, and DRC-07s invalid and inoperative, and all such proceedings were …

Judicial Corner: State GST authorities had initiated proceedings under Section 74 against a works contractor for wrongful ITC on the same invoices and periods. As a result, Section 6(2)(b) barred parallel action by the Central GST authorities on the identical subject matter, rendering the Central SCN, OIO, and DRC-07s invalid and inoperative, and all such proceedings were quashed. { Tansam Engineering and Construction Company vs. Commissioner, CGST and Central Excise, Rourkela [2025] 179 taxmann.com 375 (Orissa)} (01.11.2025) Read More »

DGFT: DGFT has invited stakeholder feedback within 30 days on draft amendments to Aayat Niryat Forms for SCOMET export authorisation under Para 10.04(a) of HBP 2023. [Trade Notice No. 17/2025-26 dated 31.10.2025]

Customs: CBIC introduced Section 18A framework allowing importers/exporters to voluntarily revise entries post-clearance, pay duty with interest (no penalty), via digital application, excluding cases under audit or investigation. [Circular No. 26/2025-Customs dated 31.10.2025]

Customs: The online application facility for the MOOWR Scheme on the Invest India portal is extended until 15 November 2025. A new CBIC-hosted digital module is under final testing and will be launched soon. [Circular No. 27/2025-Customs dated 31.10.2025]

Customs: Updated tariff values for palm oils, gold, silver, and areca nuts have been notified. Changes apply from 16th October 2025. [Notification No. 72/2025-CUSTOMS (N.T.) dated 31.10.2025]

GST: IMS now includes Import of Goods details. Taxpayers can view and take actions on individual Bills of Entry, effective Oct 2025; No action on BoEs will be deemed accepted for GSTR-2B generation. [GSTN advisory dated 30.10.2025]

GST: Taxpayers will be barred from filing GST returns after 3 years from the due date. Restriction effective Dec 1, 2025; applies to GSTR-1, 3B, 4, 5, 6, 7, 8, 9/9C, etc. [GSTN advisory dated 29.10.2025]

HC directs rectification of duplicated GST SCNs/OIOs per new SOP proper officers to act with taxpayer intimation { Sri Venkateshwara Dairy Products vs. Assistant Commissioner ST [2025] 179 taxmann.com 600 (Telangana)}   Facts: Petitioner received duplicate Show Cause Notices (SCNs) and Orders-in-Original (OIOs) for the same tax period under GST. The duplication arose due to …

Judicial Corner: HC directs rectification of duplicated GST SCNs/OIOs per new SOP proper officers to act with taxpayer intimation { Sri Venkateshwara Dairy Products vs. Assistant Commissioner ST [2025] 179 taxmann.com 600 (Telangana)}(31.10.2025) Read More »

DGFT: DGFT expands “Source from India” eligibility—effective 1 Nov 2025, all valid IECs with USD 100,000 exports in any of last 3 years can create microsites on Trade Connect. [Trade Notice 15/2025-26 dated 29.10.2025]

DGFT  BIS Hallmarking and GST registration made mandatory for gold imports under HS 7108 via India–UAE CEPA; TRQ allocation to be done through competitive online bidding. [Public Notice No. 31/2025-26 dated 29.10.2025]