Latest update 12.04.2025
A. Amendment
DGFT Trade Notice 01/2025-26 dt 11.04.2025
DGFT issued Trade Notice 01/2025-26 dated 11.04.2025 regarding Operationalisation of DGFT ‘Global Tariff and Trade’ Helpdesk
Advisory on Table-12 of GSTR-1 or GSTR-1A
GSTN has implemented phase wise changes in Table-12 of GSTR-1 or GSTR-1A
Advisory on reporting values in Table 3.2 of GSTR-3B
It is to inform you that from April-2025 tax period, inter-state supplies auto-populated in Table 3.2 of GSTR-3B will be made non-editable. The GSTR-3B shall be filed with the auto-populated values as generated by the system only.
B. Tax in Media
Dabur’s Hajmola candy under DGGI scanner over GST classification
According to sources, Dabur India and the DGGI are at loggerheads. “Directorate General of GST Intelligence (DGGI) investigating GST classification of Hajmola Candy under GST,” sources added.
CBI arrests CGST inspector, middleman in bribery case
The central bureau of investigation on Wednesday arrested two accused – a central goods and services tax (CGST) inspector and a middleman – in a bribery case involving the illegal demand of Rs. 6,000 for the issuance of a GST number.
In what could result in a Goods and Services Tax (GST) liability of approximately ₹141 crore for General Motors, the Maharashtra Authority for Advance Rulings (AAR) has held that 18% GST is applicable on the assignment or transfer of leasehold land by General Motors India to Hyundai Motor India Ltd (HMIL).
Use AI to check tax evasion, says Chandrababu Naidu
Chief Minister N. Chandrababu Naidu has stressed the need to improve tax collection and revenue generation for the development of the State. He suggested using Artificial Intelligence (AI) technologies to detect tax evasion.
Karnataka ranks second in investment and GST
Karnataka ranks second in investment and GST: Home Minister G Parameshwara claimed on Wednesday that the state ranks second in the country in terms of investment and GST collection. He made the remarks while addressing a press conference at the District Congress Office in Mandya.
China seeks India’s support amid trade war with Donald Trump administration: ‘US abuse of tariffs’
Amid rising trade tensions with Washington, China on Tuesday urged India to join hands in resisting what it called the “US abuse of tariffs”, after President Donald Trump announced a steep hike, raising cumulative tariffs on Chinese imports to 104 per cent.
US President Donald Trump on Wednesday announced that he had authorised a 90-day pause, and a lowered Reciprocal Tariff of 10% during the three months of truce amid trade wars induced market meltdown. President Trump also announced that US had hiked China tariffs to a whopping 125%.
The Ministry of Finance has notified April 30, 2025, as the deadline to apply for Direct Tax Vivad Se Vishwas Scheme, 2024.
Max Estates faces ₹2.4 crore tax demand from Income Tax Department
Max Estates Limited received a Notice of Demand under Section 156 of the Income tax Act, 1961 from the Income tax department, according to the company’s exchange filing.
Sabarkantha man earning ₹12k per month served income tax notice of ₹36 cr
A family in Sabarkantha district of Gujarat was left in shock after the Income Tax department served a notice demanding payment of ₹36 crore in taxes to the earning member of the family with a monthly income of ₹12,000.
The Mumbai bench of Income Tax Appellate Tribunal on March 24, 2025 held that the allotment date and not registration date of a home determines the capital gains (long term or short term) for real estate property sale transactions.
EPF due payment via demand draft: EPFO allows one-time payment of past EPF dues via Demand Draft
EPFO allows one-time payment of past EPF dues via Demand Draft The Employees’ Provident Fund Organisation (EPFO) has issued a clarification addressing concerns raised by various Field Offices regarding situations where employers are unable to remit past dues through the standard Electronic Challan-cum-Return (ECR) system.
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