Customs: India has extended anti-dumping duty on Aniline imports from China PR for five years to prevent continued dumping and injury to domestic industry. (Notification No.25/2025-Customs (ADD) dated 18.07.25)
Customs Applicants seeking MOOWR permissions must now submit applications directly to the jurisdictional Commissioner, as the online submission facility on the Invest India microsite is no longer available. (Circular No.18/2025 dated 22.07.25)
GST Due to a system error, GSTR-3A notices were wrongly issued to some composition taxpayers with cancelled registrations before FY 2024–25. Those affected may ignore the notices; no further action is required. (Advisory, dated 21.07.25)
Income Tax: TDS/TCS won’t be charged at a higher rate under sections 206AA/206CC if PAN is made operative through Aadhaar linkage by 30.09.2025 or within two months of deduction. (Circular No. 9/2025 dated 21.07.25)
Refund claim of unutilized ITC on export of services cannot be rejected for non-submission of FIRC when CA certificate & other documents submitted -Ahmedabad High Court { Kuehne Plus Nagel Pvt. Ltd. V/s Union of India – (2025) 32 Centax 176 (Guj.)} Issue: Refund of unutilized ITC on export of services was rejected for not …
Cancellation of assessee’s registration upheld as supplier non-existent and no genuine transaction proof – Bombay High Court{Afzal Husain Altaf Husain Saiyed V/s Union of India (2025) 32 Centax 190 (Bom.)} Issues: Whether the cancellation of GST registration under Section 29(2) read with Rule 21 of the CGST Rules, 2017, was justified Facts: The assessee claimed …
GST cancellation order set aside as it was based on new grounds not mentioned in show cause notice – Allahabad High Court {Pragya Publicity Center V/s State of U.P. (2025) 31 Centax 227 (All.)} Issues: Whether the GST cancellation order is valid when it is based on a ground not mentioned in the Show …
Penalty upheld as assessee failed to substantiate tax invoice weight with documents/bank statements for excess goods in transit – Calcutta High Court {S. N. Trading Co. V/s Union of India – (2025) 32 Centax 179 (Cal.)} Issue: Whether penalty imposed under Section 129 of CGST Act was justified when excess goods were found in …
DGFT Correction issued revising HS Code from 530010 to 531010 for unbleached woven jute or bast fibre fabrics under import policy restrictions on certain goods imported from Bangladesh. (Corrigendum to Notification No. 21/2025-26 dated 27.06.2025)
GST: GSTN will notify taxpayers via email/SMS on OTP-based data access by ASPs and allow revocation of active consents through the portal, enhancing transparency and control over data sharing. (Advisory dated 17.07.25)
GST: GSTN has enabled filing of appeals (APL-01) against waiver rejection orders (SPL-07) on the portal. Alternatively, original appeals can be restored by submitting an undertaking under “Orders” section. (Advisory dated 16.07.25)
Writ jurisdiction cannot re-appreciate evidence for valuation dispute when alternative remedy exists – Calcutta High Court {Vinod Maurya V/s Union of India (2025) 32 Centax 110 (Cal.)} Issue: Whether the High Court, in its writ jurisdiction under Article 226, can re-appreciate factual evidence and adjudicate valuation disputes under Section 129 of the CGST Act, 2017, …
RBI: To ease compliance for small exporters, RBI has issued draft guidelines to simplify shipping bill closure in the Export Data Processing and Monitoring System. Stakeholders can submit feedback by 31st July 2025. (Press Release: 2025-2026/705)
RBI The due date for submitting the annual census on FLA as on end March-2025 on the FLAIR portal has been extended to July 31,2025. (Announcement)
DGFT Clarification has been issued that organic textiles are not covered under NPOP accreditation. Hence, NAB-accredited Transaction Certificates are not required; exporters must furnish TCs from GOTS or Textile Exchange. (Policy Circular No. 1/2025-26 dated 15.07.25)
Customs Steel inputs in shipments with Bill of Lading dated on or before 15.07.2025 and supplies by verified Integrated Steel Plants are exempted from mandatory Indian Standards under QCO. (Instruction No.23/2025-Customs dated 15.07.25)
Income Tax: The Income-tax Department launched a nationwide verification drive to curb fraudulent claims of deductions and exemptions in ITRs filed with the help of intermediaries. (Press Release dated 14.07.25)
Income Tax District Legal Service Authority and Baddi Barotiwala Nalagarh Development Authority have been granted income tax exemption under section 10(46) for their specified income. (Notification No. 114 /2025 & Notification No. 115 /2025 dated 14.07.25)
We are pleased to announce our new services w.r.t. Virtual CFO & SME Services which will help in Strategic Financial Leadership for Growing Businesses Click here to know more : Launch of VCFO services
DGFT A draft Internal Compliance Programme (ICP) framework for exporters of dual-use (SCOMET) items has been released. Stakeholders are invited to submit feedback within 10 days to standardize compliance procedures. (Trade Notice No. 07/2025-26 dated 14.07.25)
Bizsolindia Services Pvt. Ltd. has been honored with the "Maharashtra State Best Employer Brand Award 2026" at a prestigious ceremony held at Taj Lands End, Mumbai.
This will close in 20 seconds
