Latest update 20.04.2025

A. Amendment

Notification No. 24/2025-Customs (N.T.) dated 15.04.2025

CBIC issued Notification No. 24/2025-Customs dated 15.04.2025 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Notification No. 26/2025-Customs (N.T.) dated 17.04.2025

CBIC issued Notification No. 26/2025-Customs dated 17.04.2025 regarding Revision of rate of duty drawback of Gold jewellery and silver jewellery/articles

Notification no. 33/2025 dated 17.04.2025- Income tax

CBDT issued notification no. 33/2025 dated 17.04.2025 whereby the Central Government approves ‘KIMS Foundation and Research Centre’ Hyderabad as ‘Other Institution’ ..

Notification no. 34/2025 dated 17.04.2025- Income tax

CBDT issued notification no. 34/2025 dated 17.04.2025 whereby the Central Government specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause (48) of section 2 of the said Act, namely

B. Tax in Media

New builder must stick to old GST rate for ongoing housing projects, rules Maharashtra AAR

The Maharashtra Authority for Advance Ruling (AAR) has said that when a new builder takes over an under-construction housing project, they must follow the same GST rate that the previous builder (old promoter) had chosen.

Voltas receives ₹24.81-crore customs duty notice

Home appliances major Voltas Ltd is under the lens of customs authorities after being served a show cause notice for alleged short payment of import duties worth ₹24.81 crore.

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