Latest update 18.05.2025

latest update

A. Amendment

DGFT Notif. 7/2025-26 dt 17.05.2025

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DGFT issued Notification No. 7/2025-26 dated 17.05.2025 regarding Port restriction on import of certain goods from Bangladesh to India – Insertion of a new Para 19 under ‘General Notes Regarding Import Policy’ under ITC (HS), 2022 Schedule 1 (Import Policy).

B. Article

DAY 2 — CUSTOMS VALUATION & TARIFF CLASSIFICATION LEGAL COMPENDIUM

by CA Navjot Singh

Expanded guide to Customs valuation: law, landmark judgments, and extra real-life examples for every valuation rule.

Book: GST An Evaluation

Former CBEC Chairman Mr Sumit Dutt Majumder authored a book title – GST An Evaluation – told through articles written over a decade in Tax India Online

Appellate Authority had no power to condone delayafter expiry of one month beyond prescribed period of limitation

by CA Bimal Jain

The Hon’ble Rajasthan High Court in Consultancy Services (P.) Ltd. dismissed a writ petition in limine where an appeal was filed against the assessment orders which were admittedly beyond period of limitation prescribed under the Central Goods and Service Tax Act, 2017 (“the CGST Act”).

Lawgics – Judgment No. 199

by Adv. Nidhi Aggarwal

Synopsis: Rejection of appeal on ground that appeal was not filed electronically under Rule 108 of CGST Rules, 2017 is invalid in case of non availability of order–in–original on GST portal and Appeal being filed manually.

C. Tax in Media

Cooperative societies liable to pay GST if turnover exceeds Rs 20 lakh, says report

In an attempt to bring the cooperative societies run by political parties and other organisations under the GST net, a report by the Central GST, Central Excise and Customs deputy commissioner has revealed that any cooperative society with an aggregate turnover of more than Rs 20 lakh in a particular financial year shall be liable for registration under GST.

Inter-state fake billing nexus busted: 2 held in ₹13.41 crore GST evasion case

The directorate general of GST Intelligence (DGGI), Ludhiana, has uncovered a GST evasion racket involving three business entities in Mandi Gobindgarh—Aar Dee Enterprises, Aashi Steel Industries and Abhi Alloys.

CGST Delhi South Commissionerate awarded BIS IS 15700:2018 Certification for Excellence in Public Service Delivery

CGST Delhi South Commissionerate has been awarded the Bureau of Indian Standards (BIS) IS 15700:2018 certification, recognising its commitment to excellence in public service delivery.

How Much Cash Can You Deposit In Savings Account Without Attracting Income Tax Notice?

How much money can I safely deposit in my savings account before the taxman comes knocking?



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