DGFT Notif. 30/2025-26 dt 18.09.2025
DGFT issued Notification No. 30/2025-26 dated 18.09.2025 regarding Amendment in Import Policy Condition of ATS-8 covered under Chapter 29 of ITC HS, 2022, Schedule –I (Import Policy)
GST in media
CBIC Notifies Changes To GST Return Form; More Disclosures Needed For ITC Reporting
The CBIC has notified changes to the annual GST return form GSTR-9, making the reporting of Input Tax Credit (ITC) more comprehensive.
MMF sector demands lower GST on raw materials
Textile units that recycle PET and the manufacturers of polyester fibre will face inverted duty challenges with the revised GST rates as the entire textile industry is under 5% GST while the raw materials for the manmade fibre (MMF) sector – Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG) and PET scrap – are at 18%.
Two GST Tribunal benches to start functioning in Kolkata soon: Official
The Goods and Services Tax (GST) Tribunal in Kolkata is expected to start functioning from next month with two benches at Alipore, an official said on Tuesday.
ICICI Bank faces over ₹100 crore GST demand from state authorities
ICICI Bank is facing significant Goods and Services Tax (GST) demands from state tax authorities, totaling more than ₹100 crore. The bank is disputing these claims and has decided to challenge them in court.
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday.
Pass on GST relief to policyholders: Govt tells insurers
The government has asked life and non-life insurance companies to ensure that benefits of the goods and services tax (GST) exemption approved earlier this month are fully passed on to both existing and prospective policyholders.
DRI continues crackdown on drug trafficking syndicates under “Operation Weed Out”
As part of ongoing pan-India “Operation Weed Out”, Directorate of Revenue Intelligence (DRI) has seized 39.2 kg of hydroponic weed at Chhatrapati Shivaji Maharaj International Airport, Mumbai on 13th-14th September 2025.
Income tax
Offline Utility for ITR-7 for AY 2025-26 is available for filing
Offline utility for ITR-7 is available for filing
Notification no. 146/2025 dated 15.09.2025- Income tax
CBDT issued notification no. 146/2025 dated 15.09.2025 to provide exemption under section 10(46A)(b) of Income-tax Act, 1961 (43 of 1961) to “Ghaziabad Development Authority”, an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President Act No.11 of 1973).
Notification no. 147/2025 dated 15.09.2025- Income tax
CBDT issued notification no. 147/2025 dated 15.09.2025 to provide exemption u/s 10(46A)(b) of Income-tax Act, 1961 (43 of 1961) to “Tamil Nadu Electricity Regulatory Commission” ,a commission constituted under “The Electricity Act, 2003” (No. 36 of 2003), for the purposes of the said clause.
Circular No. 12/2025 dated 15.09.2025
CBDT issued Circular No. 12/2025 dated 15.09.2025 regarding Extension of due date for filing of ITRs for the Assessment Year 2025-26.
Marico says I-T officials visited Mumbai offices, claims no material impact on business
India’s Income Tax Department has conducted survey operations at several business premises of Marico Group on charges of tax evasion, PTI reported on Wednesday citing official sources.
‘Very good’ officer cannot overnight become bad: HC
In a rare indictment of one of its own judges, the Punjab and Haryana High Court has struck down the compulsory retirement of a District and Sessions Judge, holding that the order was vitiated by “illegality, impropriety and mala fide in law” as it rested on unsubstantiated adverse remarks recorded during the last five months of his career.
Coming soon: Much larger spread for NPS subscribers
Individuals with an NPS account will soon be able to spread their retirement savings across multiple schemes instead of sticking to a single option. The Pension Fund Regulatory and Development Authority (PFRDA) has rolled out a Multiple Scheme Framework (MSF) for non-government sector subscribers.
The Employees’ Provident Fund Organisation (EPFO) has rolled out a new facility called ‘Passbook Lite’ on its member portal.
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