GST: Registered persons with annual turnover up to ₹2 crore are exempted from filing GST annual return from FY 2024-25 onwards. (NOTIFICATION NO. 15/2025 – CENTRAL TAX dated 17.09.25)
GST: Amendments made in GST rate notification for construction, hotel accommodation, and transportation services. The revised provisions will apply from 22-09-2025. (NOTIFICATION 15/2025- CENTRAL TAX (RATE) dated 17.09.25)
GST: Exemption has been extended to life and health insurance services provided to individuals (not group policies), along with reinsurance of such services. Effective 22-09-2025 under amended GST notification. (NOTIFICATION 16/2025- CENTRAL TAX (RATE) dated 17.09.25)
GST: Appeals on identical legal issues across benches, or disputes under IGST Sections 14/14A and CGST Section 20, will now be heard only by the Principal Bench. Effective immediately. (NOTIFICATION NO. S.O. 4219(E) dated 17.09.25)
GST: GST on local delivery services will now be paid by e-commerce operators, unless the service provider is mandatorily registered. Change applies from 22-09-2025 under amended notification. (NOTIFICATION 17/2025-CENTRAL TAX (RATE) dated 17.09.25)
GST: Cess removed from aerated waters, lemonade, carbonated drinks, coal, lignite, peat, passenger vehicles (≤13 persons), and certain motor vehicles, effective 22-09-2025. (NOTIFICATION NO. 02/2025-COMPENSATION CESS (RATE) dated 17.09.25)
GST: Clarifications include no MRP relabelling for medicines, uniform 5% GST on drones, reduced GST on sand lime bricks, exemptions for health and life insurance, and hotel guidance, effective 22 Sept 2025. (Press Release dated 16.09.25)
GST A new GST rate notification has been issued prescribing revised GST rates on goods, effective 22nd September 2025, in supersession of Notification No. 01/2017-Central Tax (Rate). (Notification No. 9/2025-Central Tax (Rate) dated 17.09.25)
Technical error in shipping address on auto-populated e-way bill cannot justify seizure or penalty – Supreme Court { Additional Commissioner Gr.-2 V/s Zhuzoor Infratech Pvt. Ltd. (2025) 34 Centax 228 (S.C.)} Facts: Assessee ordered 16mm TMT Bars with invoice billed to assessee and delivery at New Delhi. E-way bill was auto-populated by GST portal, …
Detention of goods for transporting beyond validity of e-way bill without recording finding of intention to evade tax is unjustified – Allahabad High Court {Panasonic India Pvt. Ltd. V/s Additional Commissioner (2025) 33 Centax 365 (All.)} Facts: Goods in transit were detained because the e-way bill had expired. Before the seizure/detention order was passed, the …
Customs Tariff values revised for crude palm oil, palmolein, soybean oil, brass scrap, gold, silver, and areca nuts. New values take effect from 16th September 2025 for customs duty purposes. (Notification No. 56/2025-CUSTOMS (N.T.) dated 15.09.25)
Income Tax Extension of the due date for filing of return of Income for Assessment year 2025-26 from the existing September 15, 2025, to September 16, 2025 (Press Release dated 15.09.25)
Customs: Aerospace Grade Hydrogen Peroxide for non-commercial R&D is exempt from Hydrogen Peroxide Quality Control Order, 2022. (Instruction No. 29/2025-Customs dated 12.09.25)
Customs: New Customs (Provisional Assessment) Regulations, 2025 notified. Finalisation within 2 years, documents to be submitted in 14 months, unified electronic bond allowed. (Circular No 22/2025 -Customs dated 12.09.25)
Customs New rules replace earlier regulations on provisional customs assessment. They fix timelines for document submission, enquiry, and finalisation within two years, allow voluntary payments/refunds, ensure bond closure, and impose penalties for non-compliance. (Notification No. 55/2025-Customs (N.T.) dated 12.09.25)
GST A circular clarified that in cases of secondary or post-sale discounts, recipients are not required to reverse ITC when such discounts are passed through financial or commercial credit notes by suppliers. (Circular No. 251/08/2025-GST dated 12.09.25)
HC: Appeal could not be treated as barred by limitation if filed within a month of order copy receipt {Liberty Oil Mills Ltd. vs. Joint Commissioner (Appeals Thane) GST & Central Excise, Mumbai [2025] 178 taxmann.com 163 (Bombay)} Facts Order passed on 30.03.2023. Assessee claimed order was neither uploaded on portal nor communicated. Only after …
State authority cannot blindly rely on Central verification report to deny ITC; fresh order directed – Calcutta High Court {R.P. Techsoft International Pvt. Ltd. V/s Dy. Comm. of Revenue (2025) 33 Centax 237 (Cal.)} Facts: Petitioner’s ITC was denied by the State Tax Authority. The denial was based solely on the verification report of the …
DGFT Corrections in unutilized and un-transferred DFIAs are now allowed through ANF-4G with Head Office approval. Permitted changes include unit of measurement, HS code, and value of import items. (Public Notice No. 22/2025 dated 09.09.25)
Income Tax The Income-tax Act, 1961 ends on 01.04.2026. Correction statements for FY 2018-19 (Q4) to FY 2023-24 (Q1–Q3) must be filed by 31.03.2026, after which they become time-barred. (Advisory dated 09.09.25)
