Latest update 08.05.2025
A. Amendment
GST Portal
Gross and Net GST revenue collections for the month of Apr, 2025
view the gross and net GST revenue collections for the month of April, 2025.
Reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A
GSTN issued advisory on reporting of HSN in table 12 and list of documents in table 13 of GSTR-1/1A
GSTN issued advisory on biometric-based Aadhaar authentication and document verification for GST registration applicants of Sikkim
Invoice-wise Reporting Functionality in Form GSTR-7 on portal-reg
GSTN issued advisory regarding report of invoice-wise details in Form GSTR-7 on portal
GSTN takes downtime to enhance services on 08.05.2025
DGFT
DGFT Trade Notice 04/2025-26 dt 29.04.2025
DGFT issued Trade Notice 04/2025-26 dated 29.04.2025 regarding Request for Comments on Alignment of Schedule-II (Export Policy), ITC(HS) 2022 with amendments introduced by Finance Act 2025
DGFT Notif. 6/2025-26 dt 02.05.2025
DGFT issued Notification No. 6/2025-26 dated 02.05.2025 regarding Prohibition on Import or transit of all goods originating in or exported from Pakistan- Insertion of Para 2.20A of Foreign Trade Policy (FTP) 2023
DGFT-Public Notice No. 04/2025-26 dated 06.05.2025
DGFT issued Public Notice No. 04/2025-26 dated 06.05.2025 regarding Amendments to Para 10.10 of the Handbook of Procedures (HBP) 2023 – Revised Framework for Stock & Sale Authorization of SCOMET Items
DGFT-Public Notice No. 05/2025-26 dated 06.05.2025
DGFT issued Public Notice No. 05/2025-26 dated 06.05.2025 regarding Reinstatement and amendment of Standard Input Output Norms (SION C-888)
Customs
Notification No. 24/2025-Customs dated 28.04.2025
CBIC issued Notification No. 24/2025-Customs dated 28.04.2025 seeding to amend List 34A and 34B of the Notification No. 50/2017-Customs dated 30.06.2017
Notification No. 25/2025-Customs dated 30.04.2025
CBIC issued Notification No. 25/2025-Customs dated 30.04.2025 Seeking to amend various Customs Notifications to align them with changes made vide Finance Act, 2025
Notification No. 26/2025-Customs dated 30.04.2025
CBIC issued Notification No. 26/2025-Customs dated 30.04.2025 Seeking to rescind Notification No. 04/2025-Customs dated the 1st February, 2025
Notification No. 27/2025-Customs dated 30.04.2025
CBIC issued Notification No. 27/2025-Customs dated 30.04.2025 Seeking to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.
Notification No. 28/2025-Customs dated 30.04.2025
CBIC issued Notification No. 28/2025-Customs dated 30.04.2025 Seeking to amend Notification no. 27/2011-customs dated 1 st March, 2011 and Notification No. 22/2024-Customs, dated 2 nd April, 2024 to align them with the changes made in the Second Schedule to the Customs Tariff Act.
Notification No. 31/2025-Customs (N.T.) dated 28.04.2025
CBIC issued Notification No. 31/2025-Customs dated 28.04.2025 regarding Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s Murrplastik India Private Limited
Notification No. 32/2025-Customs (N.T.) dated 28.04.2025
CBIC issued Notification No. 32/2025-Customs dated 28.04.2025 Seeking to amend Notification No. 58/2021-Customs (N.T.), dated the 01.07.2021 under Section 151B(2) of the Customs Act, 1962 to notify Agreement or Arrangement on CMAA in Customs Matter of India and with other Countries
Notification No. 33/2025-Customs (N.T.) dated 30.04.2025
CBIC issued Notification No. 33/2025-Customs dated 30.04.2025 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
Notification No. 29/2025-Customs (N.T.) dated 24.04.2025
CBIC issued Notification No. 29/2025-Customs dated 24.04.2025 regarding Appointment of Common Adjudicating Authority (CAA) in respect of 77 cases
Notification No. 27/2025-Customs (N.T.) dated 22.04.2025
CBIC issued Notification No. 27/2025-Customs dated 22.04.2025 regarding Notification of Rohini Yard Jetty u/s. 7(1)(d) of Customs Act, 1962″ and it was issued under Section 7(1)(d) of Customs Act, 1962.
Notification No.8/2025-Customs (ADD) dated 30.04.2025
CBIC issued Notification no. 8/2025-Customs (ADD) dated 30.04.2025 Seeking to amend various Customs Notifications so as to align them with changes made vide Finance Act, 2025
Notification No. 02/2025- Customs (CVD) dated 30.04.2025
CBIC issued Notification no. 02/2025 – Customs (CVD) dated 30.04.2025 Seeking to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025
A. Tax in Media
India eyes new GST revenue stream from burgeoning digital services market
As India’s digital economy expands rapidly, tax authorities are intensifying efforts to bring global digital service providers into the Goods and Services Tax (GST) fold.
No difference between skill and chance in GST levy, Centre tells SC
The Centre on Monday told the Supreme Court that it makes no distinction between online games of skill or chance when it comes to taxation under the Goods and Services Tax (GST) law.Â
Game of skills involving money is gambling: Govt to SC
The government has informed the country’s apex court that the moment a financial stake is introduced—even in games requiring skill—the activity becomes a form of betting and gambling.
Faridabad teenager steals iPhone data from e-commerce sites to commit Rs.64cr fraud
A 19-year old boy from Faridabad allegedly pulled off a Rs.64 crore fraud on central GST over the past two years, using fake bills showing the sale of iphones and registering bogus firms in the name of his grandmother and house help.
Central GST formulation with lower no of assesses edges over States in per GSTIN collection
Despite the higher number, the per assessee or GSTIN (GST Identification Number) collection of GST by States is lower than that of the Centre.
Levy 28% GST On Quick Commerce, Ecommerce Firms: Cait To Govt
Urging the government and the Goods and Services Tax (GST) council to take immediate action against the malpractices, the national governing council meeting of the Confederation of All India Traders (Cait) has demanded that a 28 per cent GST should be levied on quick commerce and ecommerce companies, stating that such convenience should be treated as a luxury and taxed accordingly.
The Income Tax Department has notified new ITR forms for FY 2024-25, detailing eligibility and exclusions for each form. Forms cater to different taxpayer categories, with updates including a new section for tax-exempt long-term capital gains.
I am paying monthly rent more than Rs 50,000. Should I deduct TDS monthly or once yearly?
I am paying a monthly house rent of more than Rs 50,000. As per Section 194-IB of the Income Tax Act, I understand that TDS is applicable. Should I deduct and deposit TDS every month, or can it be done once at the end of the financial year in a single payment?
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