A. Amendment
Issue in filing applications (SPL 01/SPL 02) under waiver scheme
GSTN issued advisory on issue in filing applications in form SPL-01/SPL-02 under interest and penalty waiver scheme
GSTN is enhancing services on the GST portal on 22nd March’25 12:00 AM onwards.
The Institute of Chartered Accountants of India published 5th edition of FAQs on Unique Document Identification Number (UDIN) in January 2025
Notification no. 20/2025 dated 18.03.2025- Income tax
CBDT issued notification no. 20/2025 dated 18.03.2025 whereby the Central Government specifies ‘Additional Chief Secretary (IT), Department of Information & Technology, Government of National Capital Territory of Delhi’ for the purposes of the sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income tax Act, 1961 in connection with sharing of information regarding Income-tax payers for identifying eligible beneficiaries under the social welfare schemes of Government of National Capital Territory of Delhi.
B. Tax in Media
Haryana CM demands GST exemption on 10 agricultural tools from Centre
Seeking exemption in GST on 10 agricultural implements used in crop residue management from the Central government, Haryana chief minister (CM) Nayab Singh Saini said the exemption will encourage farmers to adopt these technologies more widely, helping to prevent air pollution caused by the stubble burning.
GST Council likely to fix uniform 5% tax on all commercial drones: Report
The Goods and Services Tax (GST) Council is likely to introduce a uniform 5 percent GST rate on all commercial-use drones in its upcoming meeting, according to a Business Standard report citing sources. The move aims to remove ambiguity in the classification of unmanned aircraft systems (UAS) and provide greater clarity to the industry.
GST relief on insurance likely as IRDAI on board; GoM to meet in April
The Insurance Regulatory and Development Authority of India (IRDAI) has submitted its comments on goods and services tax (GST) relief on premiums paid for life and health insurance, paving the way for a final decision. The group of ministers (GoM) on insurance is likely to meet in April to finalise its recommendations for the GST Council. The council is expected to consider the proposals at its next meeting in May, a senior government official said.
Exports till February 5 from SEZs, EOUs eligible for RoDTEP scheme benefits
Companies that have exported goods until February 5 this year from special economic zones (SEZs) and export-oriented units (EOUs) can claim benefits under the RoDTEP scheme, according to a notification. Earlier, the exporters were allowed to seek benefits under the scheme till December 31, 2024.
Many non-resident Indians (NRIs) those who claimed benefit of lower or nil rate of taxation under the Double Taxation Avoidance Agreement (DTAA) are receiving income tax notice(s) for failing to file Form 10F. The Income Tax Act, 1961, allows NRI taxpayers to declare their income and file ITR by applying for lower or nil rate of income tax (in some cases) under DTAA.
New India Assurance gets Rs 124.98 cr demand notice from Income Tax dept
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