Latest update 23.06.2025

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1. Article

Govt Authority must reimburse GST on post-GST contract

by CA Bimal Jain

The Hon’ble Calcutta High Court in Pinki Construction held that GST to be reimbursed to contractors executing contracts post July 1, 2017.

2. Tax in Media

CBI conducts searches in Bihar and Jharkhand in ₹100-crore fake GST claim case

The Central Bureau of Investigation (CBI) on Saturday (June 21, 2025) conducted searches in Bihar and Jharkhand in a case registered against the then Additional Commissioner, Customs, Patna, and 29 others over bogus GST claims through fake export bills of nearly ₹100 crore.

FM Sitharaman asks CBIC officials to make GST registration easier

Finance Minister Nirmala Sitharaman chaired a conclave in New Delhi today with top officials of the Central Board of Indirect Taxes and Customs. She asked them to make GST registration easier, solve public complaints faster, and speed up investigations in Customs and GST cases.

CBI Unearths Rs 100 Crore Bogus GST Bills, Seize Gold Bars In Raids

The Central Bureau of Investigation has uncovered a 100-crore scam, allegedly executed by claiming GST through forged export bills.

FM flags ₹34,000 crore GST evasion, directs CBIC to bridge detection-recovery gap: Sources

Focusing on recovery versus detection in terms of tax leakages, sources shared that “a staggering over ₹34,000 crore worth of tax evasion was detected through GST audits in FY24 — but actual recoveries stood at a mere ₹4,000 crore, highlighting a significant gap between detection and enforcement.”

Orissa HC directs tax depart to pay 6% interest to Vedanta on delayed customs refund

The Orissa High Court has directed the Customs Department to pay 6% interest on delayed customs refunds to Indian mining major Vedanta. In a significant ruling that upheld taxpayers right to avail interest on delayed refunds, the Orissa HC on 09.05.2025 ruled in favour of Vedanta owing to a provisional assessment by custom authorities that took nearly 14 years to finalise.

DRI Arrests 31-Year-Old Trader For ₹42 Crore Customs Duty Evasion In 3,630 Metric Tonnes Inshell Walnut Imports From Chile

The officials of the Directorate of Revenue Intelligence (DRI) on Thursday arrested a 31-year-old man for allegedly undervaluing and importing 3630 metric tons of inshell walnuts thereby evading Customs duty of Rs 42 crores.

Centre restricts import of certain precious metal alloys containing gold

DGFT has restricted the import of certain alloys containing more than one per cent gold by weight.

Directive for issuing summons to Legal Practitioners/Advocates/Lawyers

Directorate of Enforcement, New Delhi issued Technical circular No. 03/2025 dated 20.06.2025 giving Directive for issuing summons to Legal Practitioners/ Advocates/ Lawyers.

Gross direct tax collections rise by 4.86% in the current financial year, so far

The country’s gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about 5.45 lakh crore rupees as of June 19 compared to about 5.19 lakh crore rupees in the same period last year. However, net direct tax collections saw a marginal decline of 1.39 per cent, dropping to over 4.58 lakh crore rupees.

Net Direct Tax collection dips 1.39% to ₹4.59 lakh crore in April-June

Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the mop-up during the corresponding period of last fiscal, as advance tax collections slowed, government data released on Sunday (June 21, 2025) showed.