Daily Updates

GST: Revised GST rates notified, effective 22-09-2025, for the heavy industries sector. Major changes include reduced GST on two-wheelers and small cars to 18%, large cars at 40% (no cess), tractors (<1800cc) at 5%, and buses/trucks at 18%. (Press Release 09.09.25)

GST: From 22-09-2025, staple foods will be tax-free, processed foods taxed at 5%. This decision simplifies slabs, corrects inverted duties, and resolves classification issues in the food sector. (Press Release 09.09.25)

GST Taxpayers must file all pending GST returns before 30th September 2025. From 1st October 2025, returns older than three years from due date will be permanently barred from filing on GST portal. (Advisory dated 09.09.25)

DGFT Export policy for animal by-products under Chapter 23 amended; now requires APEDA sourcing, veterinary inspection, and certification. ITC(HS) codes 23091000, 23099010, 23099020 updated to align with EU regulations for pet food exports. (Notification No. 29/2025-26 dated 08.09.25)

Customs The revised tariff values have been notified for crude palm oil, RBD palm oil, crude and refined palmolein, crude soybean oil, brass scrap, gold, silver, and areca nuts which will be effective from 09 September 2025. Most commodity tariff values remain unchanged. (Notification No. 53/2025-CUSTOMS (N.T.) dated 08.09.25)

ITC denial for non-compliance with foreign inward remittance certificate format set aside matter remanded {Benayah Solutions v/s Asst. Comm of Commercial Taxes (2025) 33 Centax 277 (Kar.)} Facts: Period 2018–19, ITC was denied to the assessee. Reason – Foreign inward remittance certificate (FIRC) not submitted in the prescribed format. Later, assessee submitted certificate in correct …

Judicial Corner: ITC denial for non-compliance with foreign inward remittance certificate format set aside matter remanded (08.09.2025) Read More »

DGFT Minimum Import Price of INR 67,220/MT on Virgin Multilayer Paper Board (HS 4805/4810) is not applicable to EOUs, SEZ units (non-DTA sales), and imports under Advance Authorization or DFIA schemes till 31.03.2026. (Policy Circular No. 04/2025-26 dated 04.09.25)  

Amount recovered from assessee’s credit ledger to be recredited as supplier later paid IGST dues – Calcutta High Court {Rabin Sarkar V/s Deputy Commissioner of Revenue, State Tax (2025) 33 Centax 310 (Cal.)} Facts The assessee claimed refund of Rs. 1,67,974 recovered from his cash ledger. Recovery was made on the ground that the assessee’s …

Judicial Corner:Amount recovered from assessee’s credit ledger to be recredited as supplier later paid IGST dues – Calcutta High Court (04.09.2025) Read More »

Limitation for refund of wrongly paid CGST/SGST begins from IGST payment date, not original payment date – Patna High Court{ Sai Steel V/s State of Bihar (2025) 33 Centax 178 (Pat.)} Facts Period: FY 2017–18. Assessee wrongly treated certain inter-State supplies as intra-State supplies. Accordingly, it paid CGST + SGST instead of IGST. Later, during …

Judicial Corner: Limitation for refund of wrongly paid CGST/SGST begins from IGST payment date, not original payment date – Patna High Court (03.09.2025) Read More »

DGFT New SION A-3695 notified for Acetyl Salicylic Acid 75 mg Tablets with input norm of 76.50 mg Acetyl Salicylic Acid per tablet. (Public Notice No. 21/2025-26 dated 3.9.25)

Income Tax The investment deadline under Section 10(23FE) is extended to March 31, 2030. Accordingly, amendment made in Rule 2DCA to revise norms for computing minimum investment and exempt income. (Notification 141/2025 dated 1.9.25)

Writ against penalty for fraudulent ITC under second GSTIN denied for assessee’s negligence directed to pursue appeal remedy {Laxmi Collection V/s Addt. Comm, CGST, Delhi West – (2025) 33 Centax 192 (Del.)}   Facts On migration to GST, assessee was allotted two GSTINs. Commissioner imposed penalty for fraudulent ITC under the second GSTIN. Assessee argued …

Judicial Corner: Writ against penalty for fraudulent ITC under second GSTIN denied for assessee’s negligence directed to pursue appeal remedy (02.09.2025) Read More »

Refund rejection on limitation unsustainable where exclusion under Notification 13/2022 applies – Bombay High Court {Kavita Incorporation V/s Additional Commissioner CGST and CX – (2025) 33 Centax 221 (Bom}     Facts Assessee filed a refund claim (u/s 54 of CGST Act) within limitation. The refund application was rejected repeatedly (seven times) due to deficiencies. …

Judicial Corner: Refund rejection on limitation unsustainable where exclusion under Notification 13/2022 applies – Bombay High Court (01.09.2025) Read More »

DGFT The export obligation period for Advance Authorisation imports under Quality Control Orders has been extended from 6 months to 18 months, providing more time for companies to complete their export requirements. (Notification No. 28/2025-26 – DGFT, dated: 28.08.2025)  

Custom Customs duty exemption on imported raw cotton has been extended until 31st December 2025, instead of 30th September 2025, providing importers an additional three months of duty-free benefit. (Notification No. 36/2025-Customs, dated: 28.08.2025)

No demand to be raised on landowner if developer paid GST for whole property under joint development agreement { Shyamaraju & Co. (India) Pvt. Ltd. V/s DCCT (Audit) Bangalore – (2025) 33 Centax 223 (kar.)}   Facts: The petitioner, a landowner, entered into a Joint Development Agreement (JDA) with a developer for construction of residential …

Judicial Corner: No demand to be raised on landowner if developer paid GST for whole property under joint development agreement (29.08.2025) Read More »

Custom Exporters of gold and silver jewellery will now get higher refunds under the Drawback Rules, 2017. The drawback on gold jewellery without stones has increased from ₹335.50 to ₹466.76, while for gold jewellery with stones and silver jewellery/articles, it has risen from ₹4468.10 to ₹5234.00. (Notification No.  51/2025- Customs (Non-Tariff), Dated: 25.08.2025)

Period of limitation for passing order begins from day next to last day of extended period for filing annual return – Madras High Court {Vairam Agencies Vodafone V/s State Tax Officer, Pudukkottai – (2025) 33 Centax 165 (Mad.)}   Facts Proprietor of petitioner’s concern died on 02.09.2017. Despite death, inward supplies from Vodafone continued up …

Judicial Corner:Period of limitation for passing order begins from day next to last day of extended period for filing annual return – Madras High Court(25.08.2025) Read More »

Non-generation of Part B of E-way Bill is valid ground for detention of goods during export – Madhya Pradesh High Court { Manish Packaging Pvt. Ltd. V/s State of Madhya Pradesh – (2025) 33 Centax 109 (M.P.)}   Facts: Petitioner exported PVC film to Nepal. Consignment was accompanied with Part A of E-way bill and …

Judicial Corner: Non-generation of Part B of E-way Bill is valid ground for detention of goods during export – Madhya Pradesh High Court(21.08.2025) Read More »

Customs: A temporary exemption on the import of cotton has been issued, effective from 19th August 2025 to 30th September 2025. All forms of cotton under heading 5201 have been exempted from customs duty and Agriculture Infrastructure and Development Cess (AIDC). This short-term relief supports the textile sector and meets supply needs, with the exemption …

Customs:A temporary exemption on the import of cotton has been issued, effective from 19th August 2025 to 30th September 2025. All forms of cotton under heading 5201 have been exempted from customs duty and Agriculture Infrastructure and Development Cess (AIDC). This short-term relief supports the textile sector and meets supply needs, with the exemption expiring at the end of September 2025.(21.08.2025) Read More »