Daily Updates

Judicial Update The Court set aside a GST demand order against IBC Knowledge Park covering multiple years. The Court allowed the company to claim benefits under the Amnesty Scheme for 2017–18 to 2019–20 and directed the tax department to issue separate orders for each year. The matter was sent back for reconsideration. [IBC Knowledge Park …

Judicial Update: The Court set aside a GST demand order against IBC Knowledge Park covering multiple years. The Court allowed the company to claim benefits under the Amnesty Scheme for 2017–18 to 2019–20 and directed the tax department to issue separate orders for each year. The matter was sent back for reconsideration.(17.05.2025) Read More »

Judicial Corner: A single Order-in-Original encompassed multiple financial years, potentially hindering the petitioner’s eligibility for the Amnesty Scheme. The Karnataka High Court quashed the consolidated order and remitted the matter for fresh consideration, instructing the issuance of separate orders for each financial year to enable the petitioner to benefit from the Amnesty Scheme [Toshiba Software …

Judicial Update: A single Order-in-Original encompassed multiple financial years, potentially hindering the petitioner’s eligibility for the Amnesty Scheme. The Karnataka High Court quashed the consolidated order and remitted the matter for fresh consideration, instructing the issuance of separate orders for each financial year to enable the petitioner to benefit from the Amnesty Scheme (16.05.2025) Read More »

GST The GSTN has issued an advisory for taxpayers clarifying that appeals withdrawn through Form APL-01W, whether automatically before issuance of Form APL-02 or with approval thereafter will be treated as withdrawn for the purposes of the Section 128A Waiver Scheme. Taxpayers must upload a screenshot showing the “Appeal withdrawn” status when filing or updating …

GST: The GSTN has issued an advisory for taxpayers clarifying that appeals withdrawn through Form APL-01W, whether automatically before issuance of Form APL-02 or with approval thereafter will be treated as withdrawn for the purposes of the Section 128A Waiver Scheme. (15.05.2025) Read More »

Income Tax The Central Government has notified ‘Ten-Year Zero-Coupon Bond of Indian Railway Finance Corporation Ltd.’ as zero-coupon bond for the purposes of the said clause (48) of section 2 of the Income-tax Act. (Notification No. 48 /2025 dated 14th May 2025)

Customs: The CBIC has clarified the implementation mechanism for Anti-Dumping Duty (ADD) imposed on imports of Titanium Dioxide from China PR under Notification No. 12/2025-Customs (ADD), specifically stating that the duty shall not apply to imports meant for excluded sectors such as food, pharma, skincare, textiles, fibre, and nano or ultrafine applications. To facilitate compliance, …

Customs: The CBIC has clarified the implementation mechanism for Anti-Dumping Duty (ADD) imposed on imports of Titanium Dioxide from China PR under Notification No. 12/2025-Customs (ADD), specifically stating that the duty shall not apply to imports meant for excluded sectors such as food, pharma, skincare, textiles, fibre, and nano or ultrafine applications. To facilitate compliance, an electronic declaration facility has been introduced in the Bill of Entry filing, allowing importers to declare intended use in exempted sectors, along with an undertaking to pay ADD with interest if goods are diverted to non-exempted uses. Customs officers are to be sensitized accordingly, and DG (Systems) will issue a system advisory for implementation. (12.05.2025) Read More »

Customs: The Government of India has imposed anti-dumping duty on imports of Titanium Dioxide originating in or exported from China PR, following DGTR’s final findings that such imports were dumped and caused material injury to the domestic industry. The duty, ranging from USD 460/MT to USD 681/MT, is imposed on specific producers, including non-sampled cooperative …

Customs: The Government of India has imposed anti-dumping duty on imports of Titanium Dioxide originating in or exported from China PR, following DGTR’s final findings that such imports were dumped and caused material injury to the domestic industry. The duty, ranging from USD 460/MT to USD 681/MT, is imposed on specific producers, including non-sampled cooperative exporters, and excludes certain grades of Titanium Dioxide used in food, pharma, cosmetics, fibre production, and nano applications. The duty is applicable for a period of five years from the date of notification (12.05.2025) Read More »

Customs: The Government of India has imposed a countervailing duty (CVD) on imports of Textured Toughened (Tempered) Coated or Uncoated Glass originating from or exported by Vietnam, based on the final findings of the DGTR that such goods were subsidized and caused material injury to the domestic industry. The duty applies to specific tariff headings …

Customs: The Government of India has imposed a countervailing duty (CVD) on imports of Textured Toughened (Tempered) Coated or Uncoated Glass originating from or exported by Vietnam, based on the final findings of the DGTR that such goods were subsidized and caused material injury to the domestic industry. The duty applies to specific tariff headings (7003, 7005, 7007, 7016, 7020, and 8541) and varies by producer: USD 593/MT for Flat (Vietnam) Co., Ltd and USD 664/MT for others, subject to adjustment for any anti-dumping duty (ADD) paid. The CVD will be levied only when the landed value is below the reference price, is payable in Indian currency, and will remain in force for five years unless earlier amended or revoked.(12.05.2025) Read More »

Customs The Government of India has granted full customs duty exemption on the import of certain works of art, statuary, pictures, and antiquities when intended for public exhibition in museums or art galleries, or as memorials in public places. The exemption applies under Section 25(1) of the Customs Act, 1962 and is subject to specific …

Customs: The Government of India has granted full customs duty exemption on the import of certain works of art, statuary, pictures, and antiquities when intended for public exhibition in museums or art galleries, or as memorials in public places. (12.05.2025) Read More »

Income Tax The Central Board of Direct Taxes (CBDT) has notified ITR forms 7 applicable for the Assessment year 2025-26. (Notification No. 46/2025 dated 12th May 2025)

GST: The GSTN has announced the simplification of the refund filing process for exports of services, SEZ supplies, and deemed exports by eliminating the need to select a tax period. Taxpayers can now file invoice-based refund applications using specific statements, ensuring all returns are filed. The invoices uploaded shall be locked until the application is …

GST: The GSTN has announced the simplification of the refund filing process for exports of services, SEZ supplies, and deemed exports by eliminating the need to select a tax period.(09.05.2025) Read More »

GST: The GSTN has announced that refund applications for recipients of deemed exports would no longer require tax period selection but they must ensure mandatory filing of all returns. The revamped “Amount Eligible for Refund” table auto-populates critical data, optimizing refund claims across tax heads. The taxpayers facing issues can raise grievances on the GST …

GST: The GSTN has announced that refund applications for recipients of deemed exports would no longer require tax period selection but they must ensure mandatory filing of all returns.(09.05.2025) Read More »

Income Tax The Central Board of Direct Taxes (CBDT) has notified ITR-V and ITR Acknowledgement applicable for the Assessment year 2025-26. (Notification No. 45/2025 dated 7th May 2025)

DGFT: The Director General of Foreign Trade (DGFT) has reinstated and amended Standard Input Output Norms (SION) C-888. The revised SION allows the export of 1.0 kg of small and large-size circular stainless-steel washers of different grades, against the import of 1.60 kg of prime or secondary stainless-steel sheets, sheet cutting, coils, strips, or plates …

DGFT: The Director General of Foreign Trade (DGFT) has reinstated and amended Standard Input Output Norms (SION) C-888. The revised SION allows the export of 1.0 kg of small and large-size circular stainless-steel washers of different grades, against the import of 1.60 kg of prime or secondary stainless-steel sheets, sheet cutting, coils, strips, or plates of relevant grade and thickness. This amendment revokes the earlier suspension imposed through Public Notice No. 56 dated 14.01.2020, making the updated SION C-888 effective immediately. (08.05.2025) Read More »

DGFT: The Director General of Foreign Trade (DGFT) has amended Para 10.10 of the Handbook of Procedures (HBP) 2023 to revise the framework for Stock & Sale Authorization of SCOMET items, with immediate effect. The amendment expands the definition of ‘Stockist’ to include subsidiaries, affiliates, Indian or foreign OEMs, Electronic Manufacturing Services (EMS), and Contract …

DGFT: The Director General of Foreign Trade (DGFT) has amended Para 10.10 of the Handbook of Procedures (HBP) 2023 to revise the framework for Stock & Sale Authorization of SCOMET items, with immediate effect. (08.05.2025) Read More »

DGFT The Director General of Foreign Trade (DGFT) has amended Standard Input Output Norms (SION) A-1294 with immediate effect. The amendment specifically revises the description of the import item at Serial No. 2. Ethanol has been replaced with Denatured Ethyl Alcohol. The allowed quantity for the import items remains specified as: Phthalic Anhydride – 0.700 …

DGFT: The Director General of Foreign Trade (DGFT) has amended Standard Input Output Norms (SION) A-1294 with immediate effect. The amendment specifically revises the description of the import item at Serial No. 2.(08.05.2025) Read More »

Income Tax: The Central Board of Direct Taxes (CBDT) has notified ITR forms 6 applicable for the Assessment year 2025-26. (Notification No. 44/2025 dated 7th May 2025)

GST The GSTN has announced the deferment of the proposed invoice-wise reporting functionality in Form GSTR-7, which was earlier scheduled for implementation from 1st April 2025. This functionality would have required tax deductors to report invoice-level details while filing TDS returns. As per the advisory, the rollout has been postponed until further notice, and deductors …

GST: The GSTN has announced the deferment of the proposed invoice-wise reporting functionality in Form GSTR-7, which was earlier scheduled for implementation from 1st April 2025. This functionality would have required tax deductors to report invoice-level details while filing TDS returns. As per the advisory, the rollout has been postponed until further notice, and deductors may continue filing Form GSTR-7 as per the existing system. (08.05.2025) Read More »

Customs The Ministry of Home Affairs, vide OM No. 25022/05/2025-Imm. dated 01.05.2025, has partially modified its earlier direction dated 24.04.2025 regarding the closure of the Integrated Check Post (ICP), Attari. While the ICP was initially ordered to be closed for all categories of passenger and goods movement, it is now clarified that, until further orders, …

Customs: The Ministry of Home Affairs, vide OM No. 25022/05/2025-Imm. dated 01.05.2025, has partially modified its earlier direction dated 24.04.2025 regarding the closure of the Integrated Check Post (ICP), Attari.(06.05.2025) Read More »

GST CBIC has directed all GST field officers to ensure timely and complete production of records/information to the C&AG audit teams, following concerns raised in Audit Report No. 7 of 2024. Officers must also request taxpayers to provide necessary documents when those are not held by the department. Strict compliance and proactive follow-up are required …

GST: CBIC has directed all GST field officers to ensure timely and complete production of records/information to the C&AG audit teams, following concerns raised in Audit Report No. 7 of 2024. Officers must also request taxpayers to provide necessary documents when those are not held by the department. Strict compliance and proactive follow-up are required to meet the constitutional audit obligations under Article 149. The instruction aims to improve transparency and audit cooperation across GST formations.(06.05.2025) Read More »

Income Tax The Central Board of Direct Taxes (CBDT) has notified ITR forms 2 applicable for the Assessment year 2025-26. (Notification No. 43/2025 dated 3rd May 2025)