Latest update 19.04.2025

A. Update

Instruction No. 03/2025-GST dated 17.04.2025

Central Board of Indirect Taxes and Customs (CBIC) issued Instruction no. 03/2025-GST dated 17.04.2025 regarding Instructions for processing of application for GST registration.

Claims that Government is considering levying GST on UPI transactions over ₹2,000 are completely false, misleading, and without any basis

The claims that the Government is considering levying Goods and Services Tax (GST) on UPI transactions over ₹2,000 are completely false, misleading, and without any basis. Currently, there is no such proposal before the Government.

B. Tax in Media

Tax on insurance likely to be cut to 5% at GST Council meet

The Goods and Services Tax (GST) Council will likely meet in June or early July to consider reducing the tax rate on health and life insurance to 5% with input tax credit (ITC) from 18%, among other rationalisations.

Centre appoints four senior IRS officers as members of CBDT board

The Appointments Committee of the Cabinet has approved the appointment of four senior Indian Revenue Service (IRS) officers as Members of the Central Board of Direct Taxes (CBDT), according to an official order issued yesterday.

Seller falls victim to fraud, but tax still applies on all goods supplied

The Gujarat GST Authority for Advance Ruling (AAR) has determined that goods supplied in fraudulent transactions are subject to taxation. It emphasized that GST applies to supply rather than sale, even when sellers fall victim to fraud and fail to receive payment.

Sales Tax officer booked in fake GST refund case

The Anti-Corruption Bureau (ACB) on Tuesday booked a sales tax officer (STO) for allegedly allowing fake Goods and Services Tax (GST) refunds of ₹4.69 crore to a company without verification. The irregularities came to the fore following an internal inquiry by the state GST department.

EPFO set for digital overhaul with new IT platform by May-June: Mandaviya

The Employees’ Provident Fund Organisation (EPFO) is set to undergo a major digital overhaul to enhance services for over 9 crore beneficiaries, with Version 3.0 set to launch by May or June, Union Labour and Employment Minister Mansukh Mandaviya said on Friday.