Latest update 11.06.2025

Post Views: 42

A. Update/Amendment

GSTN Advisory: System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers

Post implementation of the above validation, it was observed that taxpayers registered under the QRMP scheme encountered issues while attempting to file refund applications.

DGFT-Public Notice No. 09/2025-26 dated 10.06.2025

DGFT issued Public Notice No. 09/2025-26 dated 10.06.2025 regarding Fixation of SION No. A-3686 under” Chemical and Allied Product” (Product Code ‘A’)

Press Release: Govt Notifies SEZ Reforms to Boost Semiconductor and Electronics Component Manufacturing

The government has introduced pioneering reforms in the Special Economic Zones (SEZ) rules to address the specialized needs of semiconductor and electronics component manufacturing sectors.

B. Article

DAY 15 │ PENAL INTEREST, REDEMPTION FINE AND RECOVERY MECHANISMS IN THE CUSTOMS ACT,1962

by CA Navjot Singh

Day 15 article out of 30 articles in 30 days.

C. Tax in Media

CBI arrests UP CGST superintendent in bribery case

The CBI has arrested two persons, including a superintendent of Central Goods and Services Tax (CGST) in Uttar Pradesh, while allegedly accepting bribe of Rs 1 lakh for waiving off penalty on a private company, officials said Monday.

New ITR Utility: Is landlord’s PAN card needed for claiming HRA while filing income tax return?

Every salaried employee who has an HRA component in salary and who wants to claim house rent allowance (HRA) income tax benefits need to submit the PAN number of the landlord if the annual rent is above Rs 1 lakh. Failing to submit the landlord’s PAN to your employer for claiming rent HRA tax exemption, will result in losing the tax exemption.