GST
Updated AATO on NIC-IRP Portal
E-Invoice portal issued an advisory dated 11.08.2025 on AATO as under –
Media
GST reforms: CII hails PM Modi’s move; calls it a ‘visionary’ step for businesses
The Confederation of Indian Industry (CII) has hailed the forthcoming reforms to the Goods and Services Tax (GST) announced by Prime Minister Narendra Modi during his Independence Day address from the Red fort.
Tobacco, gaming stocks sink as Centre mulls 40% GST on sin goods
Tobacco and online gaming stocks traded in the red on Monday, August 18, after the reports suggested that the Centre suggested a 40 percent GST slab on ‘sin goods,’ sparking some selling in these counters.
Govt likely to slash GST on insurance premiums to nil, says report
The government aims to slash Goods and Services Tax (GST) on insurance premiums to 5% or even zero from 18% currently, said a Reuters report citing sources. The proposal is part of the upcoming GST 2.0 blueprint, which aims to simplify the indirect tax structure and reduce the burden on both citizens and businesses.
Proposed GST rate tweaks on automobiles may end classification disputes
In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources.
No GST Relief On Sin Goods: Tax Incidence On Cigarettes, Tobacco To Remain Unchanged
As the Centre pushes ahead with plans to simplify the GST rate structure, sin and demerit goods — including cigarettes, chewing tobacco and gutka— will remain under high tax slabs, with no change in overall tax incidence, an official source said.
Two company directors arrested in two separate tax fraud cases
Two company directors were arrested in separate cases for fraudulent Input Tax Credit (ITC) claims, collectively involving Goods and Services Tax (GST) evasion worth approximately Rs. 50 crore.
GST restructure plan: In new regime, online gaming likely to be placed in top bracket
With the Government proposing to overhaul the GST regime with a special rate of 40 per cent on “sin and demerit goods”, the top slab is likely to see the inclusion of pan masala, tobacco, cigarettes, luxury cars, SUVs — and online gaming.
New GST regime will be consumer-centric, says Centre
The new GST regime previewed by Prime Minister Narendra Modi in his Independence Day address would be consumer-centric, with particular emphasis on the poor, the MSMEs, the middle class and the farmers, senior government sources said on Sunday (August 17, 2025).
Article
Arguments of Revenue and that of Taxpayer is tabulated by the author giving a good read about the SC ruling on online gaming.
Former CBIC Chairman Mr. Vivek Johri writes – Two days after announcing the plan to reform GST, the PM on Sunday said a draft of the next-generation changes has been shared with states and urged them to come on board, so that the proposal can be rolled out before Diwali.
There has been much talk that whether under the provisions of Section 122 of CGST Act, 2017 read with Section 127 of CGST Act, 2017 and Rule 142(1) of CGST Rules, 2017, is there any time limit applicable for taking the Action. Lest consider for the sake of making argument, that there is none, then in such cases what would be the time limit.
Customs
Safeguard duty on steel imports fixed, starting at 12%
The Directorate General of Trade Remedies has finalised a three-year safeguard duty on steel imports, starting at 12%, citing a sharp surge in shipments, especially from China…
CARMA – for digital record keeping and monitoring of Show Cause Notices and Order In Originals
Chief Commissioner of Customs (JNCH Customs) has launched CARMA on 18.08.2025.
CBI arrests Superintendent of Customs for demanding & accepting a bribe of Rs 10 Lakh
The Central Bureau of Investigation (CBI) has arrested a Superintendent of Customs, posted at Air Cargo Complex, Sahar, Mumbai for demanding and accepting a bribe of ₹10,20,000 from a Customs House Agent (CHA) firm for facilitating clearance of consignments.
Income tax
ICAI : Checklist for Preparation of ITR Forms (ITR 1 & ITR 4)
Direct Tax Committee of the Institute of Chartered Accountants of India (ICAI) published the Checklist for preparation of ITR 1 & ITR 4 on 8th August, 2025.
ICAI – FAQs on Management Representation Letter (MRL)
Auditing and Assurance Standards Board of The Institution of Chartered Accountants of India (ICAI) published its First Edition in August 2025.
Media
Taxman Sets Out to Draw up a Crypto Code
India’s apex tax body has asked the cryptocurrency players whether the country needs a new law on virtual digital assets (VDA), which agency should administer such a statute, and whether the present tax regime has driven out traders and businesses to foreign shores.
The Central Board of Direct Taxes (CBDT) has enabled updated income tax return (ITR-U) filing via ITR-3 and ITR-4 forms on the e-filing ITR portal for AY 2021-22 and 2022-23. This ITR-U return via ITR-3 and ITR-4 forms can also be filed using the respective ITR form’s offline Excel utilities.
Article
My Concerns About the NEW INCOME TAX ACT
CA Harshil Sheth, an author of Income Tax Ready Referencer shares his view on upcoming New Income tax Law 2025.
Other tax
When can you tap into your PF savings? EPFO withdrawal rules explained
The Employees’ Provident Fund (EPF) is designed to secure your retirement, but life often brings expenses that need urgent attention. The Employees’ Provident Fund Organisation (EPFO) allows subscribers to withdraw from their provident fund account under certain conditions, though experts advise using this option sparingly, as it reduces your retirement corpus.
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Book: GST Manual (Act and Rules)
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