Latest update 13.07.2025

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GST

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WB GST Order no. 4302 CT dated 04.07.2025 | Extension of period for completion of Audit

Directorate of Commercial Taxes, Kolkatta issued Order No. 4302CT dated 04.07.2025 regarding Extension of period for completion of Audit as per the proviso to sub-section (4) of section 65 of the WBGST Act, 2017 for the period starting on or after 1st day of April, 2021 and ending on or before 31st day of March, 2022 or part thereof.

Karnataka commercial tax dept targets traders evading GST despite over Rs 40 lakh UPI annual earnings

Karnataka Commercial Tax Department on July 11 said it has issued notices to traders who have evaded GST despite earning over Rs 40 lakh annually through UPI payments.

Customs

DAY 19 │ FOREIGN TRADE (DEVELOPMENT & REGULATION) ACT, 1992 AND FOREIGN TRADE POLICY 2023 — CORE FRAMEWORK & ITS LEGAL INTERFACE WITH CUSTOMS

Day 19 – Author wrote a note on core framework and its legal interface with customs on Foreign Trade (Development and Regulation) Act, 1992 and Foreign Trade Policy 2023

Day 22 | Chapter 4 of FTP 2023 – Duty Exemption: A Definitive Practitioner’s Guide(Part A)

Day 22 – A Practitioner’s Guide (Part A) on Duty exemption – Chapter 4 of FTP 2023

Income tax

Net direct tax mopup dips 1.34% to ₹5.63 trillion on higher refunds

Net direct tax collection fell 1.34 per cent to about Rs 5.63 trillion till July 10 of the current financial year, mainly on account on higher refunds, according to government data released on Friday.


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