Latest update 25.01.2025

A. Amendment

GST

Notification no. 07/2025 – Central Tax dated 23.01.2025

Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 07/2025 – Central Tax dated 23.01.2025 whereby the Central Goods and Services Tax Rules, 2017, is amended to insert new rule 16A. As per the new rule the proper officer may grant a person a temporary identification number who not liable to registration under the Act but is required to make any payment under the provisions of the Act.

GSTN-Advisory on Business Continuity for e-Invoice and e-Waybill Systems

This advisory is issued to highlight the alternate mechanisms and business continuity plans available for both the e-Invoice and e-Waybill systems.

B. Tax in media

CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations

Taxpayers can verify online any communication from DGGI or any office of CGST by using the ‘VERIFY CBIC-DIN’ window on the CBIC’s website https://esanchar.cbic.gov.in/DIN/DINSearch

CBIC notifies rules for entities to get temporary GST identification number

Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN).

Budget 2025: What is halwa ceremony and when will it be held?

As the nation gears up for Union Budget 2025, the customary halwa ceremony will take place today at 5 pm in the North Block that houses the Ministry of Finance.

Union Budget 2025 Expectations Highlights: Anticipation high for FM Nirmala Sitharaman’s speech

Anticipation is running high among industry stakeholders and citizens as we get nearer to Finance Minister Nirmala Sitharaman’s Budget announcement. From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, hopes are high for income tax cuts, GST sops and other initiatives.

No more reopening, re-assessment of old ITR beyond 3 years if escaped income is below Rs 50 lakh

Budget 2024 has introduced a significant relief, as tax authorities can no longer reopen old income tax returns (ITR) beyond the specified time limits.

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