The Hon’ble Orissa High Court in M/s. Jay Jagannath Filling Station set aside the GST Registration Cancellation Order as the documents submitted by the Assessee demonstrated that they were existing and carrying on their business operations at the declared place of business regularly. Accordingly, the matter was remanded back to the Assessing Officer for reconsideration.
Day-5 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.
CBDT issued notification no. 49/2025 dated 19.05.2025 to amend the Income-tax Rule, 1962 to substitute ITR-U (ITR for updated return).
CBIC issued Instruction no. 11/2025-Customs dated 17.05.2025 regarding Port restriction on import of certain goods from Bangladesh to India – Insertion of a new Para 19 under ‘General Notes Regarding Import Policy’ under ITC (HS), 2022 Schedule 1 (Import Policy)
DGFT issued Notification No. 9/2025-26 dated 19.05.2025 regarding Harmonisation of Schedule-Il (Export Policy), ITC (US) 2022 with amendments introduced vide Finance Act, 2025
DGFT issued Notification No. 8/2025-26 dated 19.05.2025 regarding Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule –I(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025
In a landmark ruling with wide-reaching implications for businesses across India, the Supreme Court on Monday, May 19, upheld the Gujarat High Court’s decision allowing the use of the Electronic Credit Ledger (ECL) which contains accumulated input tax credit (ITC) to make the mandatory pre-deposit required for filing an appeal under the Goods and Services Tax (GST) law.
Day-4 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.
