Latest update 25.05.2025 – OnlineTaxUpdate

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A. Amendment

New Delhi – Trade Notice no.1/2025 – Grievance Redressal Mechanism for processing of application for GST registration

B. Notes/article

Lawgics – Judgment No. 201

Synopsis: The Delhi High Court dismissed the writ petition involving fraudulent ITC claims, directing the petitioner to pursue appellate remedy u/s 107 of the CGST Act.

ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed

by CA Bimal Jain

The Telangana AAAR, in Geekay Wires Ltd., held that Input Tax Credit availed on raw materials and inputs used in the manufacture of finished goods which were later destroyed in a fire must be reversed on the ground that Section 17(5)(h) of the CGST Act bars Input Tax Credit in respect of goods lost or destroyed, and this includes cases where raw materials and inputs were consumed in producing finished goods that are subsequently destroyed.

Issuance of Summaries alone without proper SCN, Statement of Determination of Tax, and Detailed Order is not sufficient

by CA Bimal Jain

The Hon’ble Gauhati High Court in the case of Ranjit Dutta set aside the Summary of the Show Cause Notice and the Summary of the Assessment Order as a proper Show Cause Notice as well as the Assessment Order were not passed by the Assessing Officer as per the mandate of Section 73 of the CGST Act.

Day 7 – Customs Warehousing (Public & Private Bonded Warehouses) — A Practitioners’ Black-Letter Guide

Day-7 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.

C. Tax in Media

‘Solapur Lawyer Held In ₹100 Crore Fake GST Invoice Racket’: DGGI

DGGI has arrested Solapur-based lawyer Sajid Ahmed Sheikh for operating a fake GST racket involving over Rs100 crore through bogus invoices.

Major difficulties faced under GST – Points for Representation -STBA

Sales Tax Bar Association (Regd.), Delhi made a representation to The Principal Chief Commissioner, CGST & Central Excise Delhi highlighting the difficulties faced by the taxpayer under GST.

Rate of Interest on EPF accumulations for F.Y. 2024-25

Ministry of Labour and Employment, Government of India issued Notice No. R.11018/01/2023-SS-II dated 22.05.2025 giving approval of rate of interest on EPF accumulations for the financial year 2024-25.