Daily Updates

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]

GST : The GSTN has issued an advisory to provide a new option for generating E-Way Bills (EWB) for gold has been introduced in the EWB system, effective from January 20, 2025. This feature has been made available to facilitate taxpayers in Kerala State to generate EWB for goods classified under Chapter 71, excluding Imitation …

GST : The GSTN has issued an advisory to provide a new option for generating E-Way Bills (EWB) for gold has been introduced in the EWB system, effective from January 20, 2025. (27.01.2025) Read More »

Central Excise  The CBIC has issued a notification to appoint & empower certain central excise officers to handle appeals under the Central Excise Act, 1944 and the Finance Act, 1994. This pertains to appeals filed on or after July 1, 2017, with the Commissioner of Central Excise and Service Tax (Appeals). [Notification No. 01/2025 – …

Central Excise: The CBIC has issued a notification to appoint & empower certain central excise officers to handle appeals under the Central Excise Act, 1944 and the Finance Act, 1994.(24.01.2025) Read More »

GST: The CBIC has issued notification to waive the amount of late fee for delayed filing of Form GSTR-9C, which is in excess of the amount of late fee payable till the date of filing of Form GSTR-9 for the financial years 2017-18 to 2022-23, provided the said Form GSTR-9C is filed on or before …

GST: The CBIC has issued notification to waive the amount of late fee for delayed filing of Form GSTR-9C, which is in excess of the amount of late fee payable till the date of filing of Form GSTR-9 for the financial years 2017-18 to 2022-23, provided the said Form GSTR-9C is filed on or before 31-03-2025(24.01.2025) Read More »

GST The CBIC has issued Central Goods and Services Tax (Amendment) Rules, 2025 to introduce FORM GST REG-12 for grant of temporary identification number to person who is not liable to registration but is required to make any payment under the provisions of the GST Act. [Notification No. 07/2025 – CENTRAL TAX dated 23.01.2025]

DGFT The DGFT has issued a notification which provides that import of ‘Glufosinate and its salts’ (Purity — Minimum 95% w/w) is “Restricted” for CIF value below Rs. 1289/- per Kg. However, import of `Glufosinate and its salts’ is `Free’ if CIF value is Rs. 1289/- per Kg and above. [Notification No. 54 /2024-25   dated …

DGFT: The DGFT has issued a notification which provides that import of ‘Glufosinate and its salts’ (Purity — Minimum 95% w/w) is “Restricted” for CIF value below Rs. 1289/- per Kg. However, import of `Glufosinate and its salts’ is `Free’ if CIF value is Rs. 1289/- per Kg and above.(24.01.2025) Read More »

The Ministry of Finance issued an order to address issues under the Direct Tax Vivad Se Vishwas Scheme, 2024, for cases where appeals were filed after 22nd July 2024 but within the prescribed time limit. The order states that: The appeal will be considered pending as of 22nd July 2024. The person will be treated …

Income Tax : The Ministry of Finance issued an order to address issues under the Direct Tax Vivad Se Vishwas Scheme, 2024, for cases where appeals were filed after 22nd July 2024 but within the prescribed time limit. (24.01.2025) Read More »

The Central Board of Direct Taxes (CBDT) has inserted new rule 6GB prescribing the conditions for non-residents to be engaged in the business of operation of cruise ships for section 44BBC. [Notification No. 09/2025 dated 21.01.2025]

The Central Board of Direct Taxes (CBDT) has issued a circular to provide clarity and certainty on the application of the Principal Purpose Test (PPT) provision under India’s DTAAs. The Board has clarified that the PPT provision is intended to be applied prospectively under the India’s DTAAs. [Circular No. 01/2025 dated 21.01.2025]