Latest update 05.06.2025

gst latest update

A. Amendment

Notification no. 52/2025 dated 30.05.2025- Income tax

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CBDT issued notification no. 52/2025 dated 30.05.2025 to hereby specify the bond with the following particulars as zero coupon bond for the purposes of the said clause (48) of Section 2 of the Income-tax Act, 1961

Notification no. 54/2025 dated 03.06.2025- Income tax

CBDT issued notification no. 54/2025 dated 03.06.2025 to specify ‘Secretary to the Government of Maharashtra, Women and Child Development’ for the purposes of…

B. Article

DAY 14 | SCOMET MASTER HANDBOOK 2025

by CA Navjot Singh

Day 14 article out of 30 articles in 30 days. This one is on Customs Advance Ruling

C. Tax in Media

TNHB must bear additional 5% GST cost, can’t ask flat buyers to foot bill, rules Madras HC

The Madras High Court has ruled that the Tamil Nadu Housing Board (TNHB) is not entitled to collect additional GST from flat purchasers after collecting the full flat cost, which is inclusive of the GST amount, as per the advertisements released during the time of entering into the agreement.

Industry urges GST overhaul to expand tax base and reduce rates

Revenue Secretary Arvind Shrivastava, and the Central Board of Indirect Taxes and Customs (CBIC) has suggested that once included, this move will help in reducing overall GST rates by integrating key sectors—petroleum products, electricity, and real estate—into the GST system,” sources added.


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