Latest update 09.04.2025
A. GST Portal
Gross and Net GST revenue collections for the month of Mar, 2025
GSTN published gross and net GST revenue collections for the month of March, 2025
GSTN published Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam
Advisory on Case Insensitivity in IRN Generation
GSTN published Advisory on Case Insensitivity in IRN Generation
B. Amendment
DGFT
DGFT Notif. 1/2025-26 dt 01.04.2025
DGFT issued Notification No. 1/2025-26 dated 01.04.2025 regarding supply of essential commodities to the Republic of Maldives during 2025-26.
DGFT Notif. 2/2025-26 dt 02.04.2025
DGFT issued Notification No. 2/2025-26 dated 02.04.2025 regarding Amendment in import policy and policy condition of Roasted Areca Nuts falling under ITC (HS) Code 20081920 of Chapter-20 of ITC (HS), 2022, Schedule-I (Import Policy)
DGFT Notif. 3/2025-26 dt 02.04.2025
DGFT issued Notification No. 3/2025-26 dated 02.04.2025 regarding Inclusion of Land Custom Stations Darranga as Food Import Entry Points in List “A” of Appendix-V to Schedule-I (Import Policy), ITC (HS), 2022 in sync with relevant FSSAI Notification
DGFT-Public Notice No. 01/2025-26 dated 03.04.2025
DGFT issued Public Notice No. 01/2025-26 dated 03.04.2025 to make Amendment in Appendix 4B of Handbook of Procedures, 2023
Customs
Notification No. 21/2025-Customs dated 28.03.2025
CBIC issued Notification No. 21/2025-Customs dated 28.03.2025 Seeking to amend notification no. 22/2022-Customs to notify the fourth tranche of tariff concessions under India-UAE CEPA.
Notification No. 22/2025-Customs dated 28.03.2025
CBIC issued Notification No. 22/2025-Customs dated 28.03.2025 Seeking to amend notification no. 25/2021-Customs to notify the fifth tranche of tariff concessions under India-Mauritius CECPA.
Notification No. 23/2025-Customs dated 04.04.2025
CBIC issued Notification No. 23/2025-Customs dated 04.04.2025 Seeking to amend entry 515C of notification 50/2017-Customs
Notification No. 19/2025-Customs (N.T.) dated 28.03.2025
CBIC issued Notification No. 19/2025-Customs dated 28.03.2025 regarding Appointment of Common Adjudication Authority in the case of Vikas Vilas Kadam & Others
Notification No. 21/2025-Customs (N.T.) dated 03.04.2025
CBIC issued Notification No. 21/2025-Customs dated 03.04.2025 regarding Export Entry (Post export conversion in relation to instrument based scheme) Regulations, 2025
Circular No. 11/2025- Customs dated 03.04.2025
CBIC issued Circular no. 11/2025-Customs dated 03.04.2025 regarding Implementation of the Export Entry (Post export conversion in relation to instrument-based scheme) Regulations, 2025
Circular No. 12/2025- Customs dated 07.04.2025
CBIC issued Circular no. 12/2025-Customs dated 07.04.2025 regarding Clarification on the classification and applicable Basic Customs Duty (BCD) for Interactive Flat Panel Displays (IFPDs) and other monitors
Instruction No.03/2025-Customs dated 03.04.2025
CBIC issued Instruction no. 03/2025-Customs dated 03.04.2025 regarding Applicability of SCOMET on Polyethylene Glycol CAS No. 25322-68-3
C. Tax in Media
GST
16 Bills passed by both Houses of Parliament
Budget Session, 2025 of Parliament adjourns sine-die – Productivities of Lok Sabha and Rajya Sabha during Budget Session were approximately 118% and 119% respectively – 16 Bills passed by both Houses of Parliament
No new GST on food delivery apps yet, says MoS Finance
The central government is not planning to impose a new 5% Goods and Services Tax (GST) without input tax credit on food delivery apps like Zomato and Swiggy, Pankaj Chaudhary, Minister of State for Finance, clarified in Rajya Sabha on Tuesday, April 1, 2025.
Mahima Jalan, an entrepreneur, has hit out at the systemic hurdles she faced while trying to build a business, including alleged corruption during the GST registration process and difficulty receiving international payments. Her remarks came in response to Union Minister Piyush Goyal’s recent comments questioning the value being built by Indian startups.
The Bombay High Court has granted an interim stay on a GST demand of approximately Rs 2,500 crore against Hindustan Coca-Cola Beverages Private Limited noting the revenue department’s interpretation of the provisions appeared “prima facie incorrect”.
Income Tax department seizes truck in major GST evasion operation at Srirampur
The Income Tax Department seized a truck suspected of involvement in GST evasion during a targeted raid in Srirampur. The operation, carried out by a special team, intercepted a vehicle transporting tobacco (Gutkha) worth over Rs 1 crore.
Swiggy Faces Fresh Tax Assessment Orders Totaling Rs 165 Crore
Swiggy, the leading online food and grocery delivery platform, is facing fresh tax-related issues for the financial year 2021-22. In a recent regulatory update, the company revealed it had received two tax assessment notices, with a combined demand exceeding Rs 165 crore.
Chhattisgarh emerges as the fastest-growing state in GST revenue collection in India
Chhattisgarh recorded a total GST revenue collection of Rs.16,390 crore, surpassing all other states in annual growth. Maharashtra and Tamil Nadu followed, registering 16% and 15% growth, respectively.
Customs
Shifting trade winds: US tariffs and India’s strategic response
“Tariffs are the most beautiful words to me.” These were President Donald Trump’s words on January 20, 2025, the very day he took office, setting the tone for his presidency. From the outset, it was clear that trade policy would be central to his administration’s goals that is putting America first, securing better trade deals, protecting US manufacturing, and reducing trade deficits.
Govt backs EV tariff cuts for Trump trade deal, defying autos lobby: Report
India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters.
Donald Trump unveils sweeping tariffs on all imports: Here’s the full list
United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing a baseline 10 per cent tax on all imports and significantly higher rates on dozens of countries with which the US runs trade deficits.
Govt analysing impact of 27% Trump tariff on India; it’s mixed bag, not setback: Official
The US’ reciprocal tariffs are a mixed bag for India and not a setback, an official said Thursday, adding that the commerce and industry is analysing the impact of the 27% tariffs announced for the country.
Income tax
CAs, taxpayers push back after Income Tax dept sends rebate notices
Chartered accountants have approached the tax appellate authority on behalf of their clients after the Income Tax Department sent notices to people — mostly with total incomes below Rs 7 lakh — who revised their tax returns in January 2025 to claim rebate under Section 87A.
Trump tariff on India back to 26% from 27% in revised White House document
A White House document on Friday showed that the Trump government’s reciprocal tariffs have been revised for at least 14 countries, including India.
Recent Compliance Changes for Firms & LLPs under the Income Tax Act
The Indian Partnership Act, 1932, governs partnerships in India and similarly, The Limited Liability Partnership Act, 2008, governs LLPs in India. A valid partnership under both the Acts has been recognized by the Income Tax Act, 1961 and has also been granted a separate legal status in the Act.
Dabur India faces ₹110.33 crore income tax demand, plans appeal
Dabur India Ltd. has disclosed that it received an income tax re-assessment order demanding ₹110.33 crore for the financial year 2017-18.
UP sanitation worker earning Rs 15,000 monthly gets tax notice of Rs 33.88 crore
After a juice vendor and a locksmith, the Income Tax Department has now sent a notice of Rs 33.88 crore to a sanitation worker in Uttar Pradesh’s Aligarh.
CBDT mandates PAN-Aadhaar linking for specific holders by 2025 end: Details
The Central Board of Direct Taxes (CBDT) has issued a new directive requiring certain Permanent Account Number (PAN) holders to link their PAN with Aadhaar by December 31, 2025. This applies specifically to individuals who obtained their PAN using an Aadhaar enrolment ID rather than their actual Aadhaar number.
Income Tax Return 2025: What’s new in the ITR-2 filing process?
The beginning of the new financial year has heralded the tax return filing season. Taxpayers can now file their Income Tax Return (ITR) for AY 2025-26, i.e., FY 2024-25. Like before, ITR filing is done both in offline and online modes, which can be accessed through everyone.
The Ministry of Finance has notified form ITR-B for FY 2025-26 (AY 2026-27) through a gazetted notification on April 7, 2025. The form ITR-B is needed to be filed by those taxpayers who have to disclose any previously undisclosed income caught in an income tax search or requisition operation on or after September 1, 2024.
ITAT order brings relief to owners of redevelopment flats
In a significant decision, Income tax Appellate Tribunal (ITAT), Mumbai, has held that the value of a new flat received in a redevelopment project cannot be taxed as ‘Income from Other Sources’ under Section 56(2)(x) of Income Tax (I-T) Act.
No fee for updating nominees in PPF accounts: FM Nirmala Sitharaman
The Union Finance Minister Nirmala Sitharaman announced on Thursday that the government has eliminated any fees for updating or adding nominees to Public Provident Fund (PPF) accounts. This change has been formalised through a recent notification.
D. Book
Book: All about TRUSTS and NGOs
Book – All about Trusts and NGOs as amended by the Finance Act, 2025
Book: Tax Planning – Practical Aspects
Book title – Tax Planning – Practical Aspects as amended by the Finance Act, 2025
Book: 360 degree approach to PRESUMPTIVE TAXATION
Book title: 360 degree approach to PRESUMPTIVE TAXATION as amended by the Finance Act, 2025
New rule for nomination change in PPF, NSC, SCSS, all other post office account for free
Good news for Public Provident Fund (PPF) account holders! The government has removed the fee to update or modify nominee details in PPF accounts. This change comes as part of the Government Savings Promotion General Rules, 2018, which have now been updated via Gazette Notification April 2, 2025.
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