Latest update 15.06.2025

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A. Update

GSTN is taking downtime to enhance its services on the GST Portal on 15.06.2025 from 00:00 AM onwards until 4:00 am of 15.06.2025.

Notification No. 43/2025-Customs (N.T.) dated 13.06.2025

CBIC issued Notification No. 43/2025-Customs (N.T.) dated 13.06.2025 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

CBDT: Guidelines for compulsory selection of returns for Complete Scrutiny during FY 2025-26

Central Board of Direct Taxes issued Guidelines dated 13.06.2025 vide F. No. 225/37/2025/ITA-II, regarding compulsory selection of returns for Complete Scrutiny during the Financial Year 2025-26 – procedure for compulsory selection in such cases.

B. Article

GST registration cannot be cancelled mechanically without taking into consideration the points in reply, statements and evidence recorded during verification

by CA Bimal Jain

The Hon’ble Allahabad High Court in the case of Genius Ortho Industries held that GST registration cannot be cancelled mechanically without taking into consideration the points in reply and the statements and evidence recorded during verification. Thereby, the order for GST registration cancellation was set aside.

Invocation of writ jurisdiction restricted by Delhi HC when allegation raised regarding fraudulent availment of ITC

by CA Bimal Jain

The Hon’ble Delhi High Court in the case of M/s. Mahesh Fabrinox Pvt. Ltd., dismissed the writ petition filed against the order passed wherein it was alleged that the Petitioner is involved in passing off of fraudulent ITC and further, limited the scope of invoking writ jurisdiction in such cases where there is violation of natural justice or jurisdictional error, especially when the Petitioner has not approached with clean hands.

Recovery order passed is not valid when return has been filed post issuance of order under Section 62

by CA Bimal Jain

The Hon’ble Patna High Court in M/s Great Eastern Hire Purchase Pvt. Ltd. set aside the recovery order, holding that once the assessee had filed Form GSTR-3B and paid tax within 30 days of the assessment order under Section 62 of the of the CGST Act, the order stands withdrawn by legal fiction under law.

Rule 96(10) Unshackled

by CA Navjot Singh

The Unravelling of Rule 96(10): Jurisprudence, Practice Lessons, and the Awaited Supreme Court Seal

C. Tax in Media

FM to review CBIC and CBDT performance; Refund delays, vigilance pendency in focus in June

In a high-level performance review scheduled over two days, Finance Minister Nirmala Sitharaman is slated to hold meetings this month with senior tax officials from the CBIC and CBDT, sources said.

Gujarat High Court brings finality to IGST refund disputes: What this means for Indian exporters

A recent decision by the Gujarat High Court in the case of Cosmo Films Ltd vs. Union of India and the connected batch has brought much-needed clarity and relief to India’s export community.

GST Conclave 2025 – Kerala

GST Thiruvananthapuram Zone cordially invites you to the GST CONCLAVE 2025 conducted on 16.06.2025 (Monday) at 10:30 AM at ‘Waterfront’, Taj Vivanta, Marine Drive, Kochi

GST Conclave 2025 – Ahmedabad

CGST, Ahmedabad Zone in collaboration with GCCI cordially invites you to a GST Conclave on Achievements, Challenges & Future Roadmap on 16th June, 2025 (Monday) at 4:00 PM to 5:30 PM at A.H. Hall, GCCI Ahmedabad

Income Tax Department investigating evasion from crypto assets

The Income Tax Department is investigating tax evasion and laundering of unaccounted income by high-risk persons through investments in virtual digital assets (VDAs)

Advance tax deadline is on Sunday June 15, can you pay it on Monday June 16 without any penal interest?

Those who have an income tax liability of more than Rs 10,000 need to discharge this tax liability by paying advance tax through four scheduled installments. The due date for the first installment of advance tax payment for FY 2025-26 is on June 15, 2025 which is a Sunday. Since Sunday is a public holiday banks are closed, which means you can’t use the bank challan or physical NEFT/IMPS method to pay advance on June 15, 2025.

SC halts Rs 317 cr tax demand against Antrix Corporation

The Supreme Court has stayed the tax recovery demand of over Rs 317 crore raised by the Karnataka tax department on Antrix Corporation, the commercial arm of Indian Space Research Organisation, for the value added tax (VAT) arrears payable for July 2008 to March 2014.

How Indian export businesses are using AI to stay ahead on global tax rules

Indian organisations have long embraced Artificial Intelligence and Machine Learning technologies in various aspects to achieve their business goals. Now, they are actively exploring ways to implement these advancements responsibly and profitably. This goal closely aligns with the Digital India initiative, launched in 2015 to build a next-generation empowered economy.