Latest update 25.06.2025

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A. Tax in Media

Webinar: DGTS-CBIC invites you to Pan India Webinar on Topic: “Refund under GST & Customs”

DGTS Delhi Zone Unit is conducting and inviting you to PAN India Webinar on topic “Refund under GST & Customs” by Faculty CA Adv Arup Dasgupta on 25.06.2025 at 3 PM

CBIC clarifies appeal and review mechanism for GST orders passed by common adjudicating authorities

In a major procedural update to India’s indirect tax framework, the Central Board of Indirect Taxes and Customs (CBIC) has clarified the appeal, review, and revision mechanisms for Orders-in-Original (O-I-Os) passed by Common Adjudicating Authorities (CAAs) in cases investigated by the Directorate General of GST Intelligence (DGGI).

GST @8: Deloitte survey shows growing confidence in levy

As the goods and services tax (GST) regime turns eight on July 1, a new survey has revealed that confidence in the indirect tax levy has risen over the years while there is a call for more reforms.

Fitment committee clears slashing GST on green Hydrogen to 5% from 18%

A panel mandated to examine tax rates under the Goods and Services Council has recommended slashing tax on green hydrogen to 5% from 18% now, said people familiar with the matter.

GST defaulters can’t play ‘ducks and drakes’ with courts: Apex court

Supreme Court on Monday criticised a strategy of GST defaulters, who undertake before High Courts to deposit a substantial sum as security to get bail and then attempt to escape the commitment by moving the apex court on the ground that the onerous bail condition were contrary to SC’s consistent rulings, report Dhananjay Mahapatra.

No claimants for ₹39L recovered in ₹7L theft at GST officer’s house

An amount of ₹39 lakh recovered in a theft case has been lying at the Antop Hill police station as neither the complainant, a superintendent with the Goods and Services Tax (GST) department, nor the accused, an executive assistant at the department, are willing to claim it.

Is GST tribunal jinxed?

Goods and Services Tax Appellate Tribunal (GSTAT), which was expected to start functioning from December 2024, has failed to take off yet again this month.

Gujarat: Grievance Redressal Mechanism – Trade & Public Notice 01/2025-26 dt 08.05.25

Office of the Chief Commissioner, Central GST and Central Circle, Vadodara Zone, Vadodara, Gujarat issued a TRADE NOTICE No. 01/2025-26 dated 08.05.2025 on Grievance Redressal Mechanism

Govt mulls tweaking duty norms for sale of SEZ products to domestic market

The commerce department and the finance ministry are currently engaged in consultation to allow the sale of products manufactured in Special Economic Zones (SEZs) to the domestic market on a “duty foregone basis” on raw materials, instead of the finished product, a person aware of the matter said.

FM to IT Dept: expedite disposal of disputed tax demands, withdraw below new threshold appeals within 3 months

Finance Minister Nirmala Sitharaman on Monday directed the Income Tax Department to accelerate disposal of disputed tax demands. She also asked the department to withdraw all the appeals falling below the new threshold within three months.

New ITR rules: 200% penalty, prosecution for inaccurate or misleading returns

New income tax return (ITR) regulations have introduced severe penalties for taxpayers caught claiming false deductions or hiding income. The Income Tax Department has stated that offenders “could face a penalty of up to 200% of the tax due, 24% annual interest, and even prosecution under Section 276C.”

PPT: TDS on Virtual Digital Assets u/s 194S (AY 2025-26)

CA Nitin Bhuta Mumbai presented a PPT on TDS on Virtual Digital Assets u/s 194S for AY 2025-26.

EPFO increases auto-settlement limit for EPF advance claims from Rs 1 lakh to Rs 5 lakhs: Mansukh Mandaviya

EPFO has increased the auto-settlement limit for advance claims from Rs 1 lakh to Rs 5 lakh. The increased limit will facilitate faster access to funds for EPFO members, especially in times of urgent need.

Oman to introduce personal income tax in 2028, first in Gulf region

Oman plans to levy personal income tax as part of a broader push to move the sultanate’s economy away from reliance on hydrocarbons.