Circular No. 1/2025- Customs dated 01.01.2025
CBIC issued Circular no. 1/2025-Customs dated 01.01.2025 to Roll out of Automated Out of Charge for AEO T2 and T3 Clients.
Month: January 2025
Notification No. 2/2025-Customs dated 16.01.2025
CBIC issued Notification No. 2/2025-Customs dated 16.01.2025. It Seeks to amend Notification no. 19/2019- customs.
Notification No. 1/2025-Customs dated 16.01.2025
CBIC issued Notification No. 1/2025-Customs dated 16.01.2025. It Seeks to exempt imports by the inspection team of IAEA.
Bombay HC stays GST circular on corporate guarantees following Vedanta petition
Bombay High Court has stayed the effect and operation of the GST Circular relating to corporate guarantee on a petition filed by Vedanta. Earlier, the High Courts of Telangana and Punjab & Haryana issued similar orders, while the Delhi High Court granted a stay that no coercive action will be taken against the Petitioner in case a final assessment order is passed or a demand is created.
Cipla Limited faces Rs.9.77 cr penalty from GST authority
Cipla Limited has received a demand order issued by the Joint Commissioner of Central Tax from the Officer of the Principal Commissioner of Central Tax, GST East Commissionerate, Bengaluru, according to Cipla’s regulatory filing.
GST on concession fee leviable from Duty Free Shops as subsequently refund can be claimed of ITC on account of zero-rated supplies making entire transaction revenue neutral
The Hon’ble Gujarat High Court in the case of FlemingoDutyfree Shop (P.) Ltd. directed the Petitioner to pay the amount of tax relating to the Concession fee from duty free shops and claim refund thereafter. However, the larger question relating to the non-leviability of tax on the concession fee from duty free shops was not delved upon as the entire transaction would be revenue neutral.
Notification No. 08/2025-Central Tax (Rate) dated 16.01.2025
CBIC issued Notification no. 08/2025-Central Tax (Rate) dated 16.01.2025 whereby Notification no. 17/2017-CTR dated 28.06.2017 is being amended.
Notification No. 07/2025-Central Tax (Rate) dated 16.01.2025
CBIC issued Notification no. 07/2025-Central Tax (Rate) dated 16.01.2025. It seeks to amend the Notification no. 13/2017-CTR dated 28.06.2017 which provides the list of services on which Reverse Charge Mechanism. Sponsorship service & Service by way of renting of any immovable property other than residential dwelling.
Notification No. 06/2025-Central Tax (Rate) dated 16.01.2025
CBIC issued Notification no. 06/2025-Central Tax (Rate) dated 16.01.2025. It seeks to amend Notification no. 12/2017-CTR dated 28.06.2017.
Notification No. 05/2025-Central Tax (Rate) dated 16.01.2025
CBIC issued Notification no. 05/2025-Central Tax (Rate) dated 16.01.2025. It seeks to amend the notification no. 11/2017-CTR dated 28.06.2017 to provide explanation about “specified premises”. It also provides a declaration format which a registered person supplying hotel accommodation service has to declare the premises to be a ‘specified premises’