Latest update 04.06.2025
A. Amendment
Instruction No.13/2025-Customs dated 02.06.2025
CBIC issued Instruction no. 13/2025-Customs dated 02.06.2025 regarding Removal of Port Restrictions and Testing Requirements for Export of Finished Leather, Wet Blue Leather, El Tanned Leather and Crust Leather
GSTN is taking downtime to enhance its services on the GST Portal on 04.06.2025 from 12:00 AM onwards until 6:30 am of 04.06.2025.
Summer break in June 2025 – Circular
Department of Trade & Taxes, Vyapar Bhawan I.P. Estate, New Delhi (Law & Judicial Branch) issued Circular dated 03.06.2025 announcing Summer break from 02.06.2025 to 30.06.2025
Due date to file Form 64A and 64E for AY 2025-26 has been preponed to 15th June 2025
Rule 12CA and Rule 12CC, has being amended changing the due date for submitting Form 64A and Form 64E by business and securitisation trusts from 30th November to 15th June of the following Financial Year.
ITR Form of ITR-1 and ITR-4 are enabled to file through Online mode
Excel Utilities of ITR-1 and ITR-4 for AY 2025-26 are also available for filing.
B. Article
Demand Order cannot be passed without considering the reply and providing an opportunity of hearing
by CA Bimal Jain
The Hon’ble Delhi High Court in Aviral Technology Solutions and Telecom Pvt. Ltd. set aside the Order passed by the Department of Trade & Taxes as the reply filed by the Assessee alongwith the supporting documents were not considered and the opportunity of being heard was also not provided before passing the Order.
C. Tax in Media
GST Council’s likely agenda: Intermediaries may get exporter status
The upcoming 56th Goods and Services Tax (GST) Council meeting may approve a proposal reclassifying intermediaries
GCCI urges GST simplification to ease business in State
GCCI has urged the State government to recommend to the Union government a rationalisation of the GST slab, with the aim of reducing compliance burdens and removing the cascading effect of taxes.
ITR Filing AY 2025–26: Process Begins for Select Taxpayers, Over 54K Returns Filed in 3 Days
Income tax return (ITR) filing for Assessment Year 2025–26 officially began on 30 May 2025, nearly two months later than usual, due to delays in form notifications and software deployment.
Allow gig workers the option to choose between EPF and NPS schemes
EPFO’s subscriber base, already exceeding 80 million salaried workers, is expected to double with the inclusion of millions of gig economy participants. EPFO’s creaking infrastructure cannot handle this influx.
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