A. Amendment
GST
Circular no. 246/03/2025-GST dated 30.01.2025
CBIC issued Circular no. 246/03/2025-GST dated 30.01.2025 Clarifying on the applicability of late fee for delay in furnishing of FORM GSTR-9C
DGFT
DGFT Trade Notice 27/2024-25 dt 29.01.2025
DGFT issued Trade Notice 27/2024-25 dated 29.01.2025 regarding Introduction of online module for filing Annual RoDTEP Return (ARR).
DGFT – Policy Circular No. 11/2024-25 dated 21.01.2025
DGFT issued Policy Circular no. 11/2024-25 dated 21.01.2025 regarding EPCG Scheme – Relief in Average EO in terms of the para 5.17(a) of Hand Book of Procedures (HBP) of FTP, 2023.
DGFT Notif. 55/2024-25 dt 29.01.2025
DGFT issued Notification No. 55/2024-25 dated 29.01.2025 regarding amendment in Import Policy covered under CTH 890690 of Chapter 89 of ITC (HS) 2022, Schedule I (Import policy).
B. Article
GST Notif. No. 08/2025, Waiving Late Fees for GSTR-9C Filing Delays (FY 2017-18 to 2022-23) has been issued
by R.SRIVATSAN, IRS, NACIN, CHENNAI
As a measure of relief for the taxpayers a Notification No. 08/2025 – Central Tax, dated January 23, 2025, has been issued exempting late fees under section 47 of the Central Goods and Services Tax Act, 2017.
by R.SRIVATSAN, IRS, NACIN, CHENNAI
Suppliers giving post-sale discounts through credit notes under GST will have to ensure that the client gives an undertaking or a CA certificate stating that the ITC availed on the discount value has been reversed.
C. Notes
by Adv. Nidhi Aggarwal
Synopsis: It is the choice of petitioner to either file appeal u/s 107 or revision u/s 108 against orders passed u/s 73. The words in Section 108(2)(1) cannot be understood as implying that first of all the applicant should file an appeal and only thereafter, a revision will lie against such an order passed in appeal.
Budget 2025 – Decoding DT & IDT
Date: 3rd February, 2025
Time: 4 pm to 5:30 pm | Fees: – Free
D. Tax in Media
DGGI uncovers GST fraud involving Rs 3,200 cr worth fake invoices, two held
The Directorate General of GST Intelligence (DGGI) in Bengaluru has uncovered a massive GST fraud amounting to Rs 3,200 crore and arrested two people in connection with the case.
Eicher Motors faces Rs.12.8 cr GST demand orders from multiple authorities
Eicher Motors Limited has received GST demand orders from the Office of the Assistant commissioner, CGST, Jaipur; Officer of the Principal Commissioner, CGST & Central Excise, Lucknow and Office of the Commissioner, CGST, Delhi South Commissioner, New Delhi, according to the Company’s exchange filing.
Honda joins Hero and Bajaj in calling for lower GST rate on two-wheelers
Honda Motorcycle and Scooter India, the country’s second-largest two-wheeler manufacturer in terms of volume, has called for a reduction in the Goods and Services Tax (GST) rate on two-wheelers to make them more affordable.
Min, auto cos seek GST cut for CNG vehicles
Ahead of the budget, the ministry of heavy industries and auto companies have made a fresh pitch for concessions for CNG vehicles, once seen as a symbol of cleaner transport. One of the key demands is to slash GST on these vehicles from the current 28%, with auto industry representatives demanding that it should be comparable with electric vehicles, which attracts a 5% levy.
“The 18 per cent GST on agrochemicals makes quality crop protection expensive for farmers. Reducing it to 5 per cent would make these products more accessible, boosting productivity and profitability. Additionally, India’s reliance on imports highlights the need for Production-Linked Incentive (PLI) benefits to encourage local manufacturing,” Vimal Kumar, Managing Director, Best Agrolife Ltd said.
Customs
Three customs and central excise officials convicted in bribery case by special CBI court in Haryana
The special CBI court for Haryana in Panchkula on Wednesday convicted three officials of the Customs and Central Excise Department after they were found guilty in a case of
Income tax
Budget 2025: What mutual fund industry expects from finance minister?
The mutual fund industry has presented its wishlist for Union Budget 2025-26, which includes proposals for earlier tax rates on capital gains, restoration of long-term indexation benefit for debt mutual funds, and mutual funds should be allowed to launch pension-oriented MF schemes (MFLRS) with uniform tax treatment as NPS. bribery registered against them.
Common Offline Utility ITR -updated version Oct 24
Latest version of Income tax return offline utility with amended in the month of Jan 25
Other
Kerala HC stops EPFO from reducing 41 petitioners’ higher PF pension
The Kerala High Court has directed the Employees’ Provident Fund Organization (EPFO) that the higher provident fund (PF) pension currently drawn by some pensioners should not be reduced based on the pro-rata condition.
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