Daily Updates

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: 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 (20.06.2025) Read More »

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 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 rule’s validity is no longer relevant {Messrs Addwrap Packaging (P.) Ltd. vs. Union of India [[2025] 175 taxmann.com 592 (Gujarat)]} (18.06.2025) Read More »

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 …

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  (16.06.2025) Read More »

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 …

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.(16.06.2025) Read More »

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, …

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, it is now extended to all Status Holders. A step-by-step guide for registration and IEC linking has also been provided. Existing DGFT login credentials can be used.(16.06.2025) Read More »

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]

Customs The CBIC has issued a notification to amend tariff values of Edible oils, brass scrap, areca nuts, gold and silver as follows:                                                                   Table 1  Sl. No. Chapter/ heading/sub-heading/tariff item Description of goods Tariff value (US $Per Metric Tonne) 1 1511 10 00 Crude Palm Oil 991 2 1511 90 10 RBD Palm Oil 1026 3 …

Customs: The CBIC has issued a notification to amend tariff values of Edible oils, brass scrap, areca nuts, gold and silver (16.06.2025) Read More »

Judicial Corner: Writ not maintainable as petitioner can contest issues by replying to SCNs issued by DGGI and Income Tax Department: HC {N.P. Industries vs. Union of India [2025] 175 taxmann.com 215 (Delhi)}

DGFT:  The DGFT has notified a new SION (A-3686) under the Chemical and Allied Product group for the export of Sodium Citrate. For every 1 kg of Sodium Citrate exported, import of 0.740 kg of Citric Acid Monohydrate is allowed. This standard input-output ratio will apply for Advance Authorisation purposes. [Public Notice No. 09/2025-26 dated …

DGFT:The DGFT has notified a new SION (A-3686) under the Chemical and Allied Product group for the export of Sodium Citrate. For every 1 kg of Sodium Citrate exported, import of 0.740 kg of Citric Acid Monohydrate is allowed. This standard input-output ratio will apply for Advance Authorisation purposes. (11.06.2025) Read More »

GST: In May 2025, a system validation was introduced on the GST portal to enforce compliance with Circular No. 125/44/2019-GST. As per the circular, taxpayers can file a refund application only after submitting all due GSTR-1 and GSTR-3B returns up to the date of filing. After this update, taxpayers under the QRMP scheme faced issues. …

GST: In May 2025, a system validation was introduced on the GST portal to enforce compliance with Circular No. 125/44/2019-GST. As per the circular, taxpayers can file a refund application only after submitting all due GSTR-1 and GSTR-3B returns up to the date of filing.(11.06.2025) Read More »

GST The CBIC had earlier made it mandatory to mention a Document Identification Number (DIN) on all communications issued to taxpayers, to ensure transparency and accountability. However, it has now been clarified that any communication issued through the GST common portal – such as notices or orders – already carries a unique Reference Number (RFN) …

GST : he CBIC had earlier made it mandatory to mention a Document Identification Number (DIN) on all communications issued to taxpayers, to ensure transparency and accountability. (11.06.2025) Read More »

Judicial Corner: Where petitioner was never served with Order-in-Original and it got a mere phone call from GST Official to discharge liability and, thus, it came to his knowledge that huge demand was raised against him rejecting ITC claim by way of an ex parte order, in view of fact that there was no allegation …

Judicial Corner: Where petitioner was never served with Order-in-Original and it got a mere phone call from GST Official to discharge liability and, thus, it came to his knowledge that huge demand was raised against him rejecting ITC claim by way of an ex parte order, in view of fact that there was no allegation of suppression and petitioner did not have proper opportunity to substantiate his claim made in return vis-a-vis books of accounts, petitioner would be entitled to an opportunity before Assessing Authority matter was to be re-adjudicated (11.06.2025) Read More »

Judicial Corner: Where even though assessee had not complied with pre-deposit requirements, appeal was admitted and appeal was heard on merit without bringing to assessee’s notice defect in filing of appeal, order passed subsequently rejecting appeal for non-compliance of pre-deposit requirement was to be set aside {Harsheel Auto Planet vs. Commissioner (Appeals), CGST,  Central Excise …

Judicial Corner:Where even though assessee had not complied with pre-deposit requirements, appeal was admitted and appeal was heard on merit without bringing to assessee’s notice defect in filing of appeal, order passed subsequently rejecting appeal for non-compliance of pre-deposit requirement was to be set aside(10.06.2025) Read More »

GST: As per the Finance Act, 2023, effective from 1st October 2023, taxpayers will not be allowed to file GST returns after the expiry of three years from the due date of furnishing such returns under Sections 37, 39, 44, and 52 of the CGST Act. This includes returns like GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, …

GST:As per the Finance Act, 2023, effective from 1st October 2023, taxpayers will not be allowed to file GST returns after the expiry of three years from the due date of furnishing such returns under Sections 37, 39, 44, and 52 of the CGST Act. This includes returns like GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9. The GST portal will implement this restriction from the July 2025 tax period onwards.(09.06.2025) Read More »

GST: With effect from the July 2025 tax period (return to be filed in August 2025), the auto-populated liability in GSTR-3B, based on outward supplies declared in GSTR-1/IFF, will become non-editable. This change follows the introduction of Form GSTR-1A, which allows taxpayers to amend any incorrectly declared outward supplies in GSTR-1/IFF within the same return …

GST:With effect from the July 2025 tax period (return to be filed in August 2025), the auto-populated liability in GSTR-3B, based on outward supplies declared in GSTR-1/IFF, will become non-editable. This change follows the introduction of Form GSTR-1A, which allows taxpayers to amend any incorrectly declared outward supplies in GSTR-1/IFF within the same return period.(09.06.2025) Read More »

Customs: The CBIC, referencing FSSAI Office Order dated 19.05.2025, has communicated the updated list of 117 approved Bhutanese establishments under the bilateral agreement between FSSAI (India) and BFDA (Bhutan). While the scope of approval has been updated, there is no change in the format of the Health Certificate, list of authorized signatories, or other compliance …

Customs:The CBIC, referencing FSSAI Office Order dated 19.05.2025, has communicated the updated list of 117 approved Bhutanese establishments under the bilateral agreement between FSSAI (India) and BFDA (Bhutan). While the scope of approval has been updated, there is no change in the format of the Health Certificate, list of authorized signatories, or other compliance requirements.(09.06.2025) Read More »

The CBIC has issued a notification to  impose  anti-dumping duty on imports of Insoluble Sulphur from China PR and Japan under Section 9A of the Customs Tariff Act, 1975, read with relevant Anti-Dumping Rules, 1995 for the period of 5 years as per following table. Sr. No. Country of Origin Exporting Country Producer Duty Amount …

Customs:The CBIC has issued a notification to  impose  anti-dumping duty on imports of Insoluble Sulphur from China PR and Japan under Section 9A of the Customs Tariff Act, 1975, read with relevant Anti-Dumping Rules, 1995 (09.06.2025) Read More »

Customs The CBIC has issued a notification to  impose anti-dumping duty on the import of Vitamin A Palmitate into India  falling under tariff items 29362100, 29362290, 29362800, 29369000, 29362690, and 29362990 of the First Schedule to the Customs Tariff Act, 1975 for the period of 5 years as per following table.   Sr. No. Country …

Customs: The CBIC has issued a notification to impose anti-dumping duty on the import of Vitamin A Palmitate into India falling under tariff items 29362100, 29362290, 29362800, 29369000, 29362690, and 29362990 of the First Schedule to the Customs Tariff Act, 1975 (09.06.2025) Read More »