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Latest update 26.04.2025

A. Amendment Customs Notification No. 28/2025-Customs (N.T.) dated 23.04.2025 Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Notification No. 30/2025-Customs (N.T.) dated 24.04.2025 Goods Imported (Conditions of Transshipment) Regulations, 2025 DGFT DGFT-Public Notice No. 03/2025-26 dated 24.04.2025 Fixation of SION No. A-3685 Income tax ...

Latest update 24.04.2025

A. Amendment DGFT Trade Notice 03/2025-26 dt 23.04.2025 Directorate General of Foreign Trade (DGFT) issued Trade Notice 03/2025-26 dated 23.04.2025 seeking Inputs on Amendments for Export of SCOMET Items for ‘Testing and Evaluation’ purposes. DGFT Notif. 5/2025-26 dt 23.04.2025 DGFT issued Notification No. 5/2025-26 dated 23.04.2025 regarding Amendment in Import ...

Latest update 23.04.2025

Is 18% GST levied on maintenance amount when housing society is managed by builder? If you are living in a housing society, then you need to pay an amount of fee as maintenance for the upkeep of the buildings and common area. FHRAI flags unilateral commission policy changes by Agoda; ...

Latest update 22.04.2025

A. Amendment Notification No. 25/2025-Customs (N.T.) dated 21.04.2025 CBIC issued Notification No. 25/2025-Customs dated 21.04.2025 regarding Notification of Dholera International Airport u/s. 7(1)(a) of Customs Act, 1962" and it was issued under Section 7(1)(a) of Customs Act, 1962. Circular No. 14/2025- Customs dated 21.04.2025 CBIC issued Circular no. 14/2025-Customs dated ...

Latest update 20.04.2025

A. Amendment Notification No. 24/2025-Customs (N.T.) dated 15.04.2025 CBIC issued Notification No. 24/2025-Customs dated 15.04.2025 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Notification No. 26/2025-Customs (N.T.) dated 17.04.2025 CBIC issued Notification No. 26/2025-Customs dated 17.04.2025 regarding Revision of rate of duty drawback ...

Latest update 19.04.2025

A. Update Instruction No. 03/2025-GST dated 17.04.2025 Central Board of Indirect Taxes and Customs (CBIC) issued Instruction no. 03/2025-GST dated 17.04.2025 regarding Instructions for processing of application for GST registration. Claims that Government is considering levying GST on UPI transactions over ₹2,000 are completely false, misleading, and without any basis ...

GST Article

Kerala HC Judgment in the case of IMA & its Impact on GST for RWAs

GST UPDATEZ ON 23-04-2025 by R.SRIVATSAN, IRS, NACIN, CHENNAI The Kerala High Court’s recent landmark decision in the case of ...

TDS Rate Chart (FY 2025-26; AY 2026-27)

Author CA Aman Rajput, presented the TDS rate chart for FY 2025-26; AY 2026-27 in the table below. TDS Section ...

Recent Compliance Changes for Firms & LLPs under the Income Tax Act

The Indian Partnership Act, 1932, governs partnerships in India and similarly, The Limited Liability Partnership Act, 2008, governs LLPs in ...

New 30-Day E-Invoice Rule from April 1, 2025

GST UPDATEZ ON 31-03-2025 by R.SRIVATSAN, IRS, NACIN, CHENNAI The Goods and Services Tax Network (GSTN) has announced that, starting ...

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GST Book

In the digital world where law is available on mobile/laptop the need of physical book still arises on various occasions and so is the reason the authors are putting lot of efforts in writing them. Visit the book section and pick one or all of them for your reading, tax practice etc.

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GST in Media

GST Appellate Tribunal goes live: Check details on digital filing, hybrid hearings & more

India has operationalised the long-awaited Goods and Services Tax Appellate Tribunal (GSTAT), with the government notifying the framework effective April 24, 2025. The move marks a major step in streamlining tax litigation under the GST regime. Under the new rules, all appeals and applications must be filed digitally via the ...

Collegian gets GST notice for 35cr transactions in bank a/cs

A 20 year old student received a notice from the Income tax department, asking her to pay GST for transactions running into Rs. 35 crore reflected in her various bank accounts over eight months. Two men have been arrested for misusing her personal documents to open the fraud accounts. The ...

One time tax settlement scheme 2025 by Haryana govt

The Haryana state Excise and Taxation department has released many important frequently asked questions (FAQs) on the Haryana One Time Settlement Scheme, 2025 (OTS Scheme). Under this scheme, taxpayers with an outstanding tax due in Haryana state for an amount up to Rs 10 lakh will get a rebate of ...

Govt notifies rules for GST appellate tribunals; provides for mandatory e-filing, hybrid hearing

The government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, which provide for mandatory e-filing of applications and conducting hearings in a hybrid mode. The rules also provide that any urgent matter filed by an applicant before 12:00 noon shall be listed before the Appellate Tribunal on ...

Bombay High Court gives GST relief to homeowners: No GST on re-development by homeowners through builder under these terms

In a relief for homeowners or landowners, the Bombay High Court on April 8, 2025, ruled that no Goods and Services Tax (GST) can be levied on re-development of a land by a homeowner/ landowner through a builder in specific cases where the development rights are not sold. In legal ...

R&D services for cancer diagnosis does not qualify for GST exemption as ‘healthcare services’, says Maha AAR

Diagnostic services for conducting blood tests which assists in early detection of cancer fall out of the periphery of ‘Healthcare services’, Maharashtra’s Authority for Advance Ruling (MAAR) has ruled. This means such a service will not be exempted from GST. Epigeneres Biotech Private Ltd had moved MAAR seeking advance ruling ...

Income Tax in Media

Opting for old tax regime? You can claim HRA exemption subject to certain limits. All you need to know

Income Tax: Among several benefits, one of the main advantages of choosing the old tax regime is that it enables ...

26/04/2025 / hra exemption, Income Tax, Income Tax in Media, old regime vs new regime IT

Can I switch to the old income tax regime while filing ITR?

My CTC is over Rs 50 lakh. For 2024–25, I opted for the new tax regime and contributed 14% of ...

26/04/2025 / Income Tax, Income Tax in Media, income tax return filing, old regime vs new regime IT

New 1% TCS: Know the list of specified goods, threshold, effective date and more as CBDT releases FAQ

As per the Finance Minister’s announcement made in the July 2024 Budget, a new tax collected at source (TCS) has ...

26/04/2025 / Income Tax, Income Tax in Media, TCS, TCS on specified goods

Tax dept tightens claims scrutiny: Key rules for rent paid to parents

Many salaried individuals claim tax exemption on house rent allowance (HRA) by paying rent to family members, such as parents ...

24/04/2025 / HRA, Income Tax, Income Tax in Media

Buying luxury goods? Handbags, wrist watches, footwear & other items above Rs.10 lakh to now attract 1% TCS

Handbags, wrist watches, footwear and sportswear priced above Rs.10 lakh will now attract a 1% tax collected at source (TCS) ...

24/04/2025 / Income Tax, Income Tax in Media, TCS

GST Notes

CGST Act / IGST Act/Circular etc. is presented in simple language in Q&As format to make dealers, professionals, taxman, academicians, students etc. understand the GST laws in simple manner. There are 700+ slides under various chapters for your reading and enriching knowledge.

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