Latest update 12.05.2025

latest gst update

Supreme Court upholds 5% GST on badam-flavoured milk

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The Supreme Court on Friday dismissed an appeal by the Revenue Department against a ruling by the Andhra Pradesh High Court on 5 per cent GST on badam-flavoured milk. Based on this, experts believe the GST Council may consider reviewing the levy on flavoured milk.

CBI nabs top Income Tax official, four others in ₹70 lakh bribery case

The Central Bureau of Investigation (CBI) on Saturday arrested Commissioner of Income Tax (Exemptions), Hyderabad, along with four others for accepting a bribe of ₹70 lakh to decide an Income Tax appeal in favour of a private party.

Notification no. 44/2025 dated 06.05.2025- Income tax

CBDT issued notification no. 44/2025 dated 06.05.2025 to notify FORM ITR-6 is substituted for A.Y. 2025-26. ITR-6 is for companies other than companies claiming exemption under section 11 / see rule 12 of the Income-tax Rules, 1962.

Notification no. 45/2025 dated 07.05.2025- Income tax

CBDT issued notification no. 45/2025 dated 07.05.2025 to provide FORM ITR-V – INDIAN INCOME TAX RETURN VERIFICATION FORM for AY 2025-26.


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