A. Amendment
Notification No. 16/2025-Customs dated 07.03.2025
CBIC issued Notification No. 16/2025-Customs dated 07.03.2025 regarding amendment to import duty on Lentils (Mosur).
Notification No. 17/2025-Customs dated 07.03.2025
CBIC issued Notification No. 17/2025-Customs dated 07.03.2025. It seeks to amend Notification 64/2023-Customs to extend concessional duty on Yellow Peas till 31st May, 2025.
Notification No.1/2025-Customs (ADD) dated 07.03.2025
Seeks to levy anti-dumping duty on imports of ‘Trichloro Isocyanuric Acid’ imported from China PR and Japan for a period of 5 years, on the recommendations of DGTR
B. Article
Failure to register under the GST law amounts deliberate tax evasion
The Hon’ble Madras High Court in the case of Annai Angammal Arakkattalai (Pre Mahal) v. Joint Commissioner of GST [Writ Petition (MD) No. 28502 of 2022 dated January 28, 2025] dismissed the petition filed by the Assessee wherein the entire claim against the Assessee was arisen of its failure to register itself under GST and only pursuant thereto, the Assessee remitted tax. On perusal of the orders indicate that there was deliberate attempt to evade payment of tax by not registering and issuing receipts as donation to trust and only after inspection Assessee agreed to pay tax. The orders did not call for any interference and therefore, instant petition was to be dismissed.
C. Tax in Media
Very close to decision on reducing GST rates & slabs: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has provided a key update on the government’s ongoing efforts to simplify the Goods and Services Tax (GST) structure.
FHRAI urges govt to delink food and beverage GST rates from room tariffs
The Federation of Hotel & Restaurant Associations of India (FHRAI) on Sunday pitched for delinking the GST on food & beverage services from accommodation charges in hotels.
Will I have to pay tax if my parents gift me Rs 20 lakh?
My parents, aged 70 and 65, recently sold a part of their agricultural land. They plan to use the proceeds from the sale for their retirement, and have also decided to gift Rs 20 lakh to me. Will I face any tax liabilities if I accept this gift from my parents? Additionally, what steps can I take to ensure a smooth transaction without any unnecessary tax complications? Is there a specific certificate or document I need to submit as proof of the gift?
Social media accounts accessed only in search, survey ops: I-T official
The new Income Tax Bill prescribes the existing process for tax authorities to gain access to the digital space or a computer device only during search and survey operations, and it is not aimed to breach the online privacy of common taxpayers even if their case lands into scrutiny, a top I-T department official said Monday.
Taxman smells a scam in dubious agricultural income declaration
For decades, agricultural income and sale of farm land has been a subterfuge to escape tax, convert black money into white. Now, a nationwide probe is underway with the income tax (I-T) department homing in on cases in various states where persons and entities have shown agricultural income of ₹50 lakh or more without owning any land.
High Court denies widow’s tax exemption claim for buying two flats
The Delhi High Court recently denied a widow’s claim for capital gains tax exemption under Section 54F of the Income Tax Act because she had purchased two non-adjacent flats in Noida using the proceeds from the sale of a plot she had inherited from her husband.
Shah Rukh Khan wins tax case as ITAT dismisses dispute over RA.One earnings
Shah Rukh Khan wins tax case as ITAT dismisses dispute over RA.One earnings. Bollywood actor Shah Rukh Khan has secured a significant legal victory in a long-running tax dispute, as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, dismissing the reassessment proceedings and order initiated by tax authorities for the financial year 2011-12.
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