Restoration of registration allowed if assessee agrees to file returns and clear dues within seven days: HC {Naseer Ahmad Sheikh vs. Union Territory of J & K [2025] 174 taxmann.com 511 (Jammu & Kashmir and Ladakh)} Facts of the Case: The petitioner’s GST registration was cancelled due to non-filing of returns and non-payment of …
GST: GSTN, in collaboration with NIC, is launching the new E-Way Bill 2.0 portal (https://ewaybill2.gst.gov.in) from 1st July 2025 to enhance system resilience and operational continuity. This portal introduces real-time synchronisation with the existing E-Way Bill 1.0 portal, enabling seamless cross-portal functionalities such as E-Way Bill generation, extension, transporter updates, and consolidated E-Way Bill retrieval, …
GST: The GSTN has issued an advisory on handling of Inadvertently Rejected Records on IMS. The FAQs are available on GST portal. [GSTN Advisory dated 19.06.2025]
GST: As per the Finance Act, 2023 (effective from 01-Oct-2023), taxpayers will not be allowed to file GST returns after 3 years from their due date for GSTR-1, 3B, 4, 5, 6, 7, 8, 9/9C, etc. This restriction will be implemented on the GST portal starting July 2025. From 1st August 2025, filing will be …
DGFT: The Directorate General of Foreign Trade (DGFT) has invited applications for the export of Pharma Grade Sugar under the Restricted Category, as permitted by Notification No. 17 dated 17th June 2025. A total one-time export quota of 25,000 MT is available for the current sugar season up to 30th September 2025. Exporters must submit …
DGFT: The Import Policy of items covered under CTH 2843 is revised from “Free” to “Restricted” with immediate effect. [Notification No. 18/2025-26 dated 19.06.2025]
DGFT: Import policy of Palladium and Rhodium under ITC(HS) codes 71102100, 71102900 and 71103100 is amended to stipulate that import of Palladium and Rhodium alloy containing gold of more than 1% by weight is “Restricted”. [Notification No. 18/2025-26 dated 17.06.2025]
DGFT: Export of Pharma Grade Sugar upto a total of 25,000 MTs per financial year shall be permitted to Bonafide Pharma Exporters against a restricted Export Authorisation. [Notification No. 17/2025-26 dated 17.06.2025]
Customs: The CBIC has extended the use of ICETABs (Inspection and Clearance Electronic Tablets) to export examination and clearance processes, effective from 19th June 2025, following its successful implementation in import examinations. ICETABs will allow examining officers to digitally access the Shipping Bill, examination orders, RMS instructions, and supporting documents, eliminating the need for paper-based …
Customs: The Government of India has imposed definitive anti-dumping duty on imports of Pretilachlor in any form and its intermediate PEDA (2,6-diethyl-n-(2-propoxy ethyl) aniline) originating in or exported from China PR. This action follows the final findings of the DGTR, which concluded that these goods were being dumped in India at prices below normal value, …
Customs: The Government of India, via Notification No. 16/2025-Customs (ADD) dated 19th June 2025, has imposed definitive anti-dumping duty on imports of Acetonitrile falling under subheading 2926 90, originating in or exported from China PR, Russia, and Taiwan. The duty follows the final findings of the DGTR, which concluded that these imports were made at …
Customs The Government of India has imposed a definitive anti-dumping duty on imports of Aluminium Foil up to 80 microns originating in or exported from China PR, following final findings by the Directorate General of Trade Remedies (DGTR). The investigation concluded that the goods were being dumped in India at unfair prices, causing material injury …
No deduction is allowed for any amount that shares the character of a tax, rate, or levy when computing income under the head ‘Profits and Gains of Business or Profession’. Accordingly, amounts such as education cess and higher secondary education cess are not eligible for deduction, as they form part of the overall tax liability …
Judicial Corner : The Gujarat High Court held that the omission of Rule 96(10) of the CGST Rules applies prospectively and also covers all pending proceedings and cases. Therefore, exporters can claim IGST refunds on exports, and any show cause notices or orders issued under the old Rule 96(10) stand quashed. The challenge to the …
Judicial Corner: The court ruled that the statutory mandate of obtaining a completion certificate cannot be waived by a mere letter from the Panchayat. The promoter is obligated to obtain the completion certificate or occupancy certificate from the relevant competent authority as per the RERA Act { P. Anandasundaresan v. Akshaya Pvt. Ltd.[ (2025) ibclaw.in …
Income Tax The Central Government has notified Zero Coupon Bonds issued by NABARD as eligible under section 2(48) of the Income-tax Act, 1961. The bond details are as follows: Name of the Bond: Zero Coupon Bond of The National Bank for Agriculture and Rural Development (NABARD) Tenure: Ten years, eleven months, and thirteen days Time …
DGFT: The name of ‘The Sports Goods Export Promotion Council’, enlisted under Appendix 2T of FTP 2023 for issuance of RCMC for specified items, has been amended as ‘Sports Goods & Toys Export Promotion Council’ and address/ contact details updated, with immediate effect. [Public Notice No. 11 /2025-26 dated 12.06.2025]
DGFT: The name of ‘The Sports Goods Export Promotion Council’, enlisted under Appendix 2E of FTP 2023 for issuance of Certificate of Origin (Non Preferential), has been amended as ‘Sports Goods & Toys Export Promotion Council’ and address/ contact details updated, with immediate effect. [Public Notice No. 10 /2025-26 dated 12.06.2025]
DGFT The DGFT has announced the rollout of the ‘Source from India’ feature on the Trade Connect ePlatform (www.trade.gov.in) for all Status Holder exporters with valid IECs (not on DEL). This feature enables exporters to create public-facing micropages showcasing their products and credentials to attract international buyers. Initially piloted with 3-, 4-, and 5-star exporters, …
Customs: The CBIC has issued a directive regarding the applicability of SCOMET items based on various clarifications issued by DGFT. A consolidated repository of these clarifications has been created and is available on the CBIC website for reference. The repository is a guidance tool only and will be updated periodically. [Instruction No. 15/2025-Customs dated 12.06.2025]
