GST
Appointment of Technical Member & Judicial Member
Department of Personnel & Training, Govt of India issued letter No. 18/20/2025-EO (SM.II) dated 04.08.2025 regarding appointment of Technical Member – Central and States benches.
Karnataka-GST Notification dt 01.08.25 GSTAT
Karnataka Government Secretariat, Vidhana Soudha, Bengaluru issued Notification No. FD 49 CSL 2024 dated 01.08.2025 regarding constitution of the Karnataka Authority of Advance Ruling.
Book: GST Appellate Tribunal Practice Manual incorporating GST Litigations & its Management
2025 Edition – Authored by Adv Ramesh Chandra Jena – Bharat Publisher
GSTN is taking downtime to enhance its services on the GST Portal on 06.08.2025 from 12:00 AM onwards until 6:00 am of 06.08.2025.
A team of officers of Anti-Evasion, CGST & Central Excise Raigad Commissionerate, Mumbai Zone, yesterday arrested two persons involved in generating and fraudulently passing on Input tax Credit (ITC) of more than Rs. 9 crore by creating fictitious firms and issuing invoices without actual supply of goods/service.
The Anti-Evasion Branch of CGST Delhi South Commissionerate has unearthed a large-scale fraudulently availed Input Tax Credit (ITC) racket involving a Naraina-based taxpayer engaged in trading of iron and steel items. The case involves fraudulent availment and passing on of ITC totaling ₹47.12 crore, based on bogus invoices against a taxable value of approximately ₹261 crore, without any actual supply of goods.
Profiteering worries cast cloud over GST cuts
The spectre of profiteering is holding back a new round of tax cuts, as the federal council for indirect taxes fears businesses will pocket the savings instead of passing them on.
Government appoints 33 technical members to GST Appellate Tribunal
The Government has appointed 33 Technical Members to the GST Appellate Tribunal (GSTAT). This is an important step to operationalise the tribunal, which could bring certainty among GST assessees.
GST evasion crossed ₹7 lakh crore in five years; includes ITC fraud of ₹1.79 lakh crore
GST evasion during five years (FY21-FY25) crossed over ₹7 lakh crore, Finance Ministry informed Lok Sabha on Monday. This is more than 17 per cent of the net Central GST collection.
NAREDCO President urges govt to cap GST on building materials at 18%
New Delhi: G Hari Babu, President of National Real Estate Development Council (NAREDCO) has urged the government to bring the Goods and Services Tax rates of building materials to the bracket of 18 per cent.
Maruti Suzuki subsidiary hit with ₹86 crore CGST penalty; plans to appeal
Maruti Suzuki India Ltd (MSIL) on Friday said in its regulatory filings that its regulatory filings that its wholly-owned subsidiary, Suzuki Motor Gujarat (SMG), has received an appellate order from the Gujarat Central Goods and Services Tax (CGST) Authority upholding a tax demand of Rs. 86.1 crore along with additional interest and a penalty of Rs. 8.6 crore.
Parl panel urges FinMin to expedite full enforcement of GSTAT benches
A parliamentary committee has asked the finance ministry to adopt a “time-bound” approach and “actively pursue and coordinate” with all states to make Goods and Services Tax Appellate Tribunal (GSTAT) benches fully functional across the country.
UPI data: GST Council may grant amnesty to small vendors, says central tax commissioner
The GST Council could consider granting amnesty from interest and penalties to small vendors who have been issued tax notices based on UPI transaction data, according to Kotraswamy M, commissioner of central taxes.
Customs
Notification No.26/2025-Customs (ADD) dated 04.08.2025
CBIC issued Notification no. 26/2025-Customs (ADD) dated 04.08.2025 to seek to continue anti dumping duty on imports of Black Toner in powder form originating in or exported from China PR, Malaysia and Taiwan for 5 years.
As the tension between US and India escalate with regards to trade talks, a recent Global Trade Research Initiative (GTRI) report called out Donald Trump claiming the US President has been selectively criticising India regarding Russian oil imports where remaining silent about China’s involvement.
Income tax
Key changes in MSME reporting for tax audits
CA Umesh Sharma explains Clause 22 of Tax audit report which deals with reporting of payment made to MSME dealers within statutory timeline
IT dept finds ₹30,444 cr undisclosed income in FY25, held 465 surveys
The Income Tax department has conducted 465 surveys, leading to detection of undisclosed income of Rs 30,444 crore in the 2024-25 fiscal year, Parliament was informed on Tuesday.
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Book: GST Appellate Tribunal Practice Manual incorporating GST Litigations & its Management
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