Daily Updates

GST : The CBIC has issued instruction to department to withdraw appeal in cases where tax amount has been fully paid by the taxpayer on demands made under section 73 of the CGST Act as per Section 128A and department is in appeal or under the process of filing an appeal only on account of …

GST : The CBIC has issued instruction to department to withdraw appeal in cases where tax amount has been fully paid by the taxpayer on demands made under section 73 of the CGST Act as per Section 128A and department is in appeal or under the process of filing an appeal only on account of wrong interest calculation and/or wrong imposition or non-imposition of penalty amount. (10.02.2025) Read More »

GST :  Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Maharashtra and Lakshadweep. This update includes new procedures for biometric authentication and document verification during the GST registration process [GST Advisory dated on 08.02.2025]

GST: Clarification on E-Way Bill Requirement for Goods under Chapter 71. As per Rule 138(14) of the CGST Rules, 2017, goods under Chapter 71 (excluding HSN 7117 – Imitation Jewellery) are exempt from the mandatory E-Way Bill (EWB) requirement. However, in Kerala, intra-state movement of such goods requires an EWB as per Notification No.10/24-State Tax …

GST : Clarification on E-Way Bill Requirement for Goods under Chapter 71. (10.02.2025) Read More »

DGFT : The Central Government has extended the export period for Broken Rice (ITC(HS) 10064000) to Senegal through National Cooperative Exports Limited (NCEL) by one month, until February 28, 2025. This amendment modifies previous notifications, including Notification No. 46 (30.11.2023), Notification No. 15/2024-25 (05.06.2024), and Notification No. 42/2024-25 (05.12.2024), under the Foreign Trade (Development & …

DGFT : The Central Government has extended the export period for Broken Rice (ITC(HS) 10064000) to Senegal through National Cooperative Exports Limited (NCEL) by one month, until February 28, 2025. (06.02.2025) Read More »

DGFT : The wastage permissible and Standard Input Output Norms under the Handbook of Procedures, 2023 with regard to export of jewellery and article has been revised. The Public Notice No. 30 dated 01.11.2024 had been superseded by this Public Notice. [Public Notice No. 45/2024-25 dated 04.02.2025]  

DGFT : Export of De-Oiled Rice Bran having ITC(HS) code of 2302 40 00, 2306 90 19, 2306 90 29, 2306 90 90 is ‘Prohibited’ up to 30th September 2025. [Notification No. 56/2024-25 dated 04.02.2025]

DGFT:  The DGFT has issued a public notice to withdraw Para 2.76 of the Handbook of Procedures 2023, concerning the Track and Trace system for the export of drug formulations with immediate effect. The implementation of the authentication system for drug formulations being exported shall be undertaken by Ministry of Health and Family Welfare in …

DGFT : The DGFT has issued a public notice to withdraw Para 2.76 of the Handbook of Procedures 2023, concerning the Track and Trace system for the export of drug formulations with immediate effect. The implementation of the authentication system for drug formulations being exported shall be undertaken by Ministry of Health and Family Welfare in line with the provisions under Drug Rules 1945. (01.02.2025) Read More »

Customs: The CBIC has issued a notification to amend tariff values of Edible oils, brass scrap, areca nuts, gold and silver with effect from 01.02.2025 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 1109 2 1511 90 10 …

Customs : The CBIC has issued a notification to amend tariff values of Edible oils, brass scrap, areca nuts, gold and silver with effect from 01.02.2025. (01.02.2025) Read More »

GST The CBIC has issued a circular to clarify on applicability of late fees for delay in filing of GSTR-9C in accordance with notification no. 08/2025 dated 23.01.2025. Summary is as follows: Key Point: Late fees under Section 47(2) of CGST Act apply if FORM GSTR-9C is not furnished along with FORM GSTR-9 when required. …

GST : The CBIC has issued a circular to clarify on applicability of late fees for delay in filing of GSTR-9C in accordance with notification no. 08/2025 dated 23.01.2025. (01.02.2025) Read More »

Income Tax The Central Government has specified ‘Joint Secretary to Government of India, Department of Food and Public Distribution (DFPD), Ministry of Consumer Affairs, Food & Public Distribution’ for the purposes of the section 138(1)(a)(ii) in connection with sharing of information regarding Income-tax payers’ for identifying eligible beneficiaries under the Pradhan Mantri Garib Kalyan Anna …

Income Tax : The Central Government has specified ‘Joint Secretary to Government of India, Department of Food and Public Distribution (DFPD), Ministry of Consumer Affairs, Food & Public Distribution’ for the purposes of the section 138(1)(a)(ii) in connection with sharing of information regarding Income-tax payers’ for identifying eligible beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). (01.02.2025) Read More »

Customs:  The CBIC has addressed challenges faced by exporters regarding mandatory additional qualifiers for Lab Grown Diamonds (HPHT/CVD) under Circular No. 21/2024-Customs. It has been decided that for exports weighing less than one carat, declaring additional qualifiers will be voluntary, while the requirement remains mandatory for other cases. [Circular No. 03/2025-Customs dated 29.01.2025]

DGFT: DGFT has introduced a module for filing the Annual RoDTEP Return (ARR) following Public Notice No. 27/2024-25. The module is accessible on the DGFT Portal under “Regulations > RoDTEP”, along with user guidelines and dynamically updated FAQs for exporters. [Trade Notice No. 27/2024-25 dated 29.01.2025]

DGFT: The DGFT has amended the import policy for ITC (HS) codes 89069010 (Patrol or surveillance boat, air cushion vehicle, remote operated vehicle) and 89069090 (Others), revising it from “Restricted” to “Free.” [Notification No. 55/2024-25 dated 29.01.2025]

Income Tax  The CBDT has clarified that orders passed under section 201 shall not be considered as assessment orders covered under the exceptions provided in the Board’s order dated 16.06.2023 vide F.No.370149/97/2023-TPL. Therefore, all the appeals against such orders passed under section 201 shall be decided by Joint Commissioner (Appeals) under the e-Appeals Scheme, 2023. …

Income Tax : The CBDT has clarified that orders passed under section 201 shall not be considered as assessment orders covered under the exceptions provided in the Board’s order dated 16.06.2023 vide F.No.370149/97/2023-TPL. Therefore, all the appeals against such orders passed under section 201 shall be decided by Joint Commissioner (Appeals) under the e-Appeals Scheme, 2023. (29.01.2025) Read More »

GST: Referring to GSTN Advisory dated 17.10.2024 for hard locking of GSTR-3B on GST portal, the GSTN has stated that the decision of making non-editable of auto-populated liability in GSTR-3B is currently not being implemented from January tax period, on the GST Portal. The above change will be introduced soon and taxpayers will be informed …

GST : Referring to GSTN Advisory dated 17.10.2024 for hard locking of GSTR-3B on GST portal, the GSTN has stated that the decision of making non-editable of auto-populated liability in GSTR-3B is currently not being implemented from January tax period, on the GST Portal. The above change will be introduced soon and taxpayers will be informed accordingly. (29.01.2025) Read More »

GST: The CBIC has issued circular to clarify that no GST is payable on the penal charges levied by Regulated Entities; GST exemption is available to RBI regulated Payment Aggregators (Pas) up to two thousand rupees in a single transaction and payment of GST on services provided by Training Partners approved by NSDC is regularized …

GST : The CBIC has issued circular to clarify that no GST is payable on the penal charges levied by Regulated Entities; GST exemption is available to RBI regulated Payment Aggregators (Pas) up to two thousand rupees in a single transaction and payment of GST on services provided by Training Partners approved by NSDC is regularized for the period 10.10.2024 to 15.01.2025, on ‘as is where is’ basis. (29.01.2025) Read More »

GST :  The CBIC has issued circular to provide that payment of GST on co-insurance premium apportioned by lead insurer to co-insurer and on ceding /re-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer is regularized for the period 01.07.2017 to 31.10.2024, on ‘as is where is’ basis. [Circular No. …

GST : The CBIC has issued circular to provide that payment of GST on co-insurance premium apportioned by lead insurer to co-insurer and on ceding /re-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer is regularized for the period 01.07.2017 to 31.10.2024, on ‘as is where is’ basis. (29.01.2025) Read More »

DGFT :  The DGFT has issued a public notice to make an amendment in handbook of procedures to notify procedure for implementation of E-certificate of origin. Provisions for in-lieu certificate of origin (Non-Preferential) and back-to-back certificate of origin (Non-Preferential) are also notified. [Public Notice No. 43/2024-25 dated 27.01.2025]

Income Tax :  The Central Board of Direct Taxes (CBDT) has approved “Shri Chaitanya Health and Care Trust” for its unit “Bhakti vedanta Hospital & Research Institute” for the purpose of section 35(1)(ii). The approval is granted for the purpose of scientific research under the category of “University, college or other institution”. [Notification No. 11/2025 …

Income Tax : The Central Board of Direct Taxes (CBDT) has approved “Shri Chaitanya Health and Care Trust” for its unit “Bhakti vedanta Hospital & Research Institute” for the purpose of section 35(1)(ii). The approval is granted for the purpose of scientific research under the category of “University, college or other institution”. (28.01.2025) Read More »

Income Tax :  The Central Board of Direct Taxes (CBDT) has notified new Rules 2DAA & 21ACA to provide conditions for the Venture Capital Fund for the clause (23FB) of section 10 and conditions and activities for the Finance Company located in any International Financial Services Centre for section 94B. [Notification No. 10/2025 dated 27.01.2025]