Latest update 17.02.2025 – OnlineTaxUpdate

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A. Update

GSTN Advisory on Introduction of Form ENR-03 for Enrolment of Unregistered Dealers/Persons in e-Way Bill Portal for generating e-way Bill.

B. Article

Statutory remedy of appeal should be availed before invoking writ jurisdiction

The Hon’ble Jharkhand High Court in the case of Sursarita Vanijya (P.) Ltd. disposed of the writ petition challenging the GST demand issued in Form GST DRC-07 on the ground that ITC had been availed in contravention of Section 16(2)(c) of the CGST Act, directing the assessee to avail the statutory remedy of appeal under Section 107 of the CGST Act and held that various issues had been pointed out regarding merit as also violation of principle of natural justice.

CBIC operations crippled for four days due to network failure

The Central Board of Indirect Taxes and Customs (CBIC)‘s operations have remained halted throughout the country for the last four days due to a “network failure” of its ‘eOffice’ application. This has sparked fears within the Customs department of a possible compromise of sensitive internal data.

C. Tax in media

Select Committee to examine the Income-Tax Bill, 2025

Baijayant Panda MP, Lok Sabha appointed as the Chairperson of the Select Committee of Lok Sabha to examine the Income-Tax Bill, 2025.

Income Tax Bill powers taxmen to override computers, virtual digital space access codes in search, seizure

The Income Tax Bill, 2025 gives tax officers powers to override the access code of computer systems and virtual digital space, including online trading and investment accounts as well as cloud servers, in search and seizure cases.

Top 5 highlights of newly-introduced Income Tax Bill 2025 impacting taxpayers

Finance Minister Nirmala Sitharaman tabled the Income Tax Bill 2025 in the Lok Sabha on February 13, 2025. The new bill would replace the current Income Tax Act of 1961 and will take effect from April 1, 2026. The new Income Tax Bill has come after the review of the current Income Tax Act which was announced in July 2024.