Latest update 22.04.2025
A. Amendment
Notification No. 25/2025-Customs (N.T.) dated 21.04.2025
CBIC issued Notification No. 25/2025-Customs dated 21.04.2025 regarding Notification of Dholera International Airport u/s. 7(1)(a) of Customs Act, 1962″ and it was issued under Section 7(1)(a) of Customs Act, 1962.
Circular No. 14/2025- Customs dated 21.04.2025
CBIC issued Circular no. 14/2025-Customs dated 21.04.2025 regarding Amendment to guidelines issued vide Circular No. 38/2020 dated 21.08.2020
Instruction No.04/2025-Customs dated 21.04.2025
CBIC issued Instruction no. 04/2025-Customs dated 21.04.2025 regarding Recognition of National Food & Feed Reference Laboratory (NFFRL), Kathmandu,
DGFT Trade Notice 02/2025-26 dt 21.04.2025
DGFT issued Trade Notice 02/2025-26 dated 21.04.2025 regarding Introduction of ‘Mode of Export of Services’ Field in eBRC Format for Services Exports with effect from May 01, 2025
B. Article
TDS Rate Chart (FY 2025-26; AY 2026-27)
TDS rate for FY 2025-26 [AY 2026-27] by CA Aman Rajput
C. Tax in Media
Railway infrastructure contract works eligible for 12 per cent concessional GST rate
The Madurai Bench of Madras High Court has held that contracts awarded by Rail Vikas Nigam Limited (RVNL) for railway infrastructure development works are eligible for the concessional rate of 12% GST.
Penalise officers demanding unnecessary documents for GST registration: CBIC
The Centre’s indirect tax administration has asked top field officers to make sure that GST registration process remains smooth and efforts to check fake registrations do not lead to burdensome compliance requirements for businesses.
Goa’s hospitality industry welcomes 50% GST rebate for hotels operating in hinterland
Stakeholders in Goa’s hospitality industry have welcomed the state government’s Budget announcement, which promises a 50% rebate on state Goods and Services Tax (GST) along with several incentives for those investing in hotels located in the state’s hinterland.
Major GST relief for Anand Mahindra! Rs 115 cr ‘brand’ tax against Mahindra & Mahindra dropped
In a major GST relief for billionaire Anand Mahindra-led Mahindra & Mahindra, the adjudicating authority on goods and services tax has dropped a major portion of the tax demand sough from the conglomerate for allowing its group companies to use its brand name and logo.
Central, state GST officers detect 25,009 fake firms fraudulently passing Rs 61,545 cr ITC in FY25
Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during 2024-25, officials said. During the 2024-25 fiscal ending March 2025, Central and state GST officers recovered Rs 1,924 crore by way of blocking ITC and arrested 168 persons.
Landowners seek GST relief on joint development pacts
Several landowners have approached the courts seeking relief from the Goods and Services Tax (GST) authorities’ decision to recover tax from landowners involved in joint development agreements (JDAs) in the real estate sector.
‘If Trump cuts a deal with China…’: Ruchir Sharma warns India against isolating itself
Ruchir Sharma, economist and chairman of Rockefeller International, believes that distrust between India and China has to soften a bit amid trade tension caused by the US. “One thing which I think India has to do also is this distrust with China has to ease a bit,” Sharma said in an exclusive interview with Business Today Executive Director Rahul Kanwal.
India to put 12% temporary tariff on steel to curb cheap China imports: Reports
India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said a government source with direct knowledge of the matter, to try and curb a surge in cheap imports from China and elsewhere.
New ‘e-Pay Tax’ feature eases online tax payments: A step-by-step guide
Filing income tax returns has become simpler with the introduction of the ‘e-Pay Tax’ feature on the Income Tax Department’s online portal. This service allows taxpayers to pay their tax dues directly through digital methods without needing to log in to the portal or visit a bank.
It seems that due to deletion of two words – ‘no deduction’ in the proposed new Income Tax Bill 2025 will result in removal of the concept of ‘nil TDS’ certificate for both Indian taxpayers and non-residents including NRIs.
Govt appoints four new CBDT members
Four new members have been appointed to the Central Board of Direct Taxes (CBDT) by the Union government.
USD vs INR: CA explains which one actually holds more value
Think earning in US dollars automatically makes you richer, but CA Nitin Kaushik warns otherwise. He reveals that once inflation, taxes, and currency depreciation hit, the picture isn’t as bright.
Google settles Android TV case with Competition Commission
Technology major Google on Monday settled with the Competition Commission a nearly four year old case related to alleged unfair business practices with respect to Android Smart TV market and has agreed to modify its agreement with vendors. This is the first case that has been settled under the amended Competition Act, wherein the settlement and commitment provisions were introduced in 2023.
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