Daily Updates

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]

Income Tax  CBDT extends AY 2025-26 deadlines — Audit report due date to 10 Nov 2025 and ITR filing due date to 10 Dec 2025 for taxpayers covered under section 139(1)(a). [Circular No.15/2025 dated 29.10.2025]

Customs: The validity of concessional customs duty under Notification No. 64/2023-Customs has been curtailed from 31 March 2026 to 31 October 2025. [Notification No. 47/2025-Customs dated 29.10.2025]

Customs Imports of Yellow Peas (HS 0713 10 10) are exempt from customs duty above 10% and from AIDC above 20%, subject to Bill of Lading issued on or after 1 November 2025. [Notification No. 46/2025-Customs dated 29.10.2025]

DGFT: DGFT revised eligibility for “Source from India” microsite on Trade Connect—now open to all valid IEC holders with export realization of at least USD 100,000 in any of the past three years. [Trade Notice – 15 /2025-26 dated 29.10.2025]

DGFT  DGFT launched the Bharat Aayat Niryat Lab Setu pilot, a digital platform integrating testing agencies to enable faster, transparent, and paperless certification for export-import commodities. [Trade Notice No.14/2025-26 dated 27.10.2025]

Income Tax: CBDT has empowered CIT (CPC), Bengaluru, to issue demand notices u/s 156 for errors like incorrect refunds, omitted tax credits/reliefs, or interest miscalculations in CPC-processed cases. [Notification No. 155/2025 dated 27.10.2025]

Income Tax  The Finance Ministry has invited suggestions for changes to the duty structure and rates, and for broadening the tax base, for the Union Budget of 2026-27. Suggestions and views may be supplemented and justified by relevant statistical information about production, prices, revenue implications of the changes suggested and any other information to support …

Income Tax: The Finance Ministry has invited suggestions for changes to the duty structure and rates, and for broadening the tax base, for the Union Budget of 2026-27.(28.10.2025) Read More »

DGFT: The Public Notice designates authorised agencies permitted to issue Preferential Certificates of Origin under the India-EFTA Trade and Economic Partnership Agreement (TEPA). [Public Notice No.30/2025-26 dated 28.10.2025]

DGFT  Amendment to Paras 2.88(a) and 2.91 of HBP 2023 enables exporters to obtain Certificates of Origin under the India-EFTA TEPA through self-declaration, alongside authorised agency-issued certificates. [Public Notice No.29/2025-26 dated 28.10.2025]

GST CBIC assigned proper officers in terms of their designations under Sections 74A, 75(2), and 122 of the CGST Act, specifying roles, monetary limits, and adjudication powers for tax determination, penalties, and issuance of show cause notices. [Circular No.  254/11/2025-GST dated 27.10.2025]