Indirect tax
A. Update
BE/SB Query Reply now live on ICEGATE
ICEGATE (CBIC) posted on 10.07.2025 in X (previously Twitter) that Users can reply to Bill of Entry & Shipping Bill queries and view reply history.
GSTAT e-Filing Portal – User Manual
Goods and Services Tax Appellate Tribunal (GSTAT), issued a User Manual on GSTAT e-Filing Portal.
SOP for Litigation Management is issued by Ministry of Law and Justice, Department of Legal Affairs
B. Tax in Media
GST Council meeting likely only after monsoon session as key GoM reports awaited
GST Council meeting is likely to be held after Parliament’s monsoon session, as the group of ministers on rationalising rate slabs and the GoM on cess are yet to submit reports, three government sources told Moneycontrol.
The Jammu and Kashmir High Court has held that the Department of Home is liable to reimburse GST in addition to the fixed rent to hotel owners whose accommodations have been requisitioned for housing security forces.
‘It’s totally my option’: Trump backs Russia sanctions bill that could place 500% tariff on India
US President Donald Trump on Thursday signalled strong support for a sanctions bill aimed at pressuring Russian President Vladimir Putin to end the ongoing war in Ukraine.
US vs Brazil: Trump slaps 50% tariff; President Lula hits back, says ‘will not accept tutelage’
Brazilian President Luiz Inacio Lula da Silva on Wednesday (local time) warned of retaliation and condemned “tutelage” after United States President Donald Trump announced a steep 50 per cent tariff on “any and all” imports from Brazil.
Income tax
C. Notification
Notification no. 73/2025 dated 09.07.2025- Income tax
CBDT issued notification no. 73/2025 dated 09.07.2025 whereby the Central Government notifies bonds redeemable after five years and issued on or after the date of this notification, by the Indian Renewable Energy Development Agency (IREDA) (a Public Limited Government Company established as a Non-Banking Financial Institution), as ‘long-term specified asset’ for the purposes of the section 54EC.
Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are available for filing
Income tax portal released excel utilities for ITR-2 and ITR-3 for filing on 11.07.25
A taxpayers who have received notice under Section 158BC can now submit Form ITR-B via the e-Proceeding tab on the Income Tax portal
Labourer receives income tax notice for Rs.9 crore turnover in form under ‘his income’
A day after the Uttar Pradesh Special Task Force (STF) arrested five men from Rajasthan for allegedly evading GST by issuing e-way bills through 100 fictitious firms, a daily-wage labourer in Lakhimpur Kheri district received an income tax notice showing a turnover of Rs.9.3 crore for the financial year 2020-21
See Webinar | Videos Watch here | Follow us at Twitter | Support us contribute | Subscribe Newsletter | Buy Books/
Book: GST Refund A Practical Guide
Share this content:
