Latest update 01.07.2025

gst latest update - gst day2025

A. Amendment

DGFT Notif. 22/2025-26 dt 30.06.2025

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DGFT issued Notification No. 22/2025-26 dated 30.06.2025 regarding Continuation of Imposition of Quantitative Restriction on import of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS) 2022, Schedule-I (Import Policy)

DGFT Notif. 23/2025-26 dt 30.06.2025

Extension in Minimum Import Price (MIP) Condition on Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule-I(Import Policy)

GST Portal downtime 26.06.25

GSTN is taking downtime to enhance its services on the GST Portal on 01.07.2025 from 01:00 AM onwards until 7:30 am of 01.07.2025.

B. Tax in Media

8 years of GST: PwC India proposes three-slab structure, inclusion of petr-products to ease compliance

As GST marks eight years since its rollout, PwC India has called for key reforms, including a simplified three-rate structure and the phased inclusion of petroleum products under the GST ambit, starting with Aviation Turbine Fuel (ATF).

Mahindra Holidays receives ₹363 crore GST demand notice over club membership tax reporting

Mahindra Holidays & Resorts India Ltd on Sunday said it has received a tax demand notice of over Rs 363 crore including penalty, related to reporting of integrated goods and services tax (IGST) on its club membership services.

Flipping farm land for cash? ITAT’s ruling may close India’s oldest black money trick

The old trick of flipping farm land to white-wash cash is in the crosshairs of the taxman.

Income tax return filing: Why ITR-2 and ITR-3 utilities are delayed this tax season

With the income tax return (ITR) filing season underway, the absence of Excel utilities for ITR-2 and ITR-3 has left several taxpayers in a fix. While the utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) are available, those who need to report business income or capital gains are waiting for the release of the relevant forms.

New tax audit limit rule for CAs to apply from April 2026: ICAI president

The Institute of Chartered Accountants of India (ICAI) will enforce from April 2026 its new guidelines on allowing a partner of an accounting firm to take up a maximum of 60 tax audits in a year, its president Charanjot Singh Nanda said on Friday.

MSMEs burdened by high compliance costs; face over 1450 regulations annually: Report

India’s manufacturing MSMEs are facing an overwhelming regulatory burden, with compliance costs ranging between Rs.13 to Rs.17 lakh per year, according to a new report by TeamLease RegTech.

EPFO hasn’t issued any new pension form or deadline, clarifies govt

PIB has dismissed a viral message doing the rounds on social media claiming that EPFO has made it mandatory for pensioners to fill out a new form, failing which their pension would be stopped. PIB Fact Check has labelled this message as completely fake.


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