Latest update 13.03.2025

latest gst update

A. Amendment

DGFT-Public Notice No. 50/2024-25 dated 10.03.2025

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DGFT issued Public Notice No. 50/2024-25 dated 10.03.2025 to make Amendment to Para 10.12(D) of the Handbook of Procedures 2023 – Revised Procedure for General Authorization for Export after Repair (GAER).

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DGFT Notif. 62/2024-25 dt 10.03.2025

DGFT issued Notification No. 62/2024-25 dated 10.03.2025 to make Amendment in Export Policy Condition under HSN of Schedule-II(Export Policy), ITC(HS) 2022

DGFT Notif. 63/2024-25 dt 10.03.2025

DGFT issued Notification No. 63/2024-25 dated 10.03.2025 for Extension in Import Period for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule –I(Import Policy)

DGFT Notif. 64/2024-25 dt 10.03.2025

DGFT issued Notification No. 64/2024-25 dated 10.03.2025 for Extension in “Free” Import Policy of Urad ([Beans of SPP Vigna Mungo (L.) Hepper]) [ITC (HS) Code 07133110] under ITC (HS) 2022, Schedule –I(Import Policy)

DGFT Trade Notice 33/2024-25 dt 12.03.2025

DGFT issued Trade Notice 33/2024-25 dated 12.03.2025 regarding Inputs on the Draft Amendments in Procedure for Export Authorization for “Stock and Sale” of SCOMET items

B. Tax in Media

Carbonated juices to attract 12% GST, not 28%: High Court

Summer is here, and so is some refreshing news for consumers! In a significant ruling, the Gauhati High Court has held that fruit pulp and juice-based carbonated drinks are not just “water or carbonated water alone.”

Defence MSMEs undertaking R&D receive GST notices, dub them as “tax on innovation”

Private starts-ups and other MSMEs are receiving notices to pay 18 per cent taxes under the CGST Act on funding received from the Ministry of Defence for research and development (R&D). Government officials say this amounts to “taxing innovation” as it disincentivises Prime Minister Narendra Modi’s focus on ‘aatmanirbharta’ in the military sector.

Are you stuck with income tax cases? Here’s how Section 158AB of Income Tax Act, 1961 can help you

There were times when income tax officers used to be involved in the legal battle against the taxpayer on the same question of law across multiple states. The primary reason for this was lack of correct interpretation of respective laws, i..e repetitive court cases were lodged to know the answer to a common question.


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