Latest update 31.05.2025

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A. Amendment

HSN wise summary of outward supplies

GSTN has enabled facility to report HSN separately for B2B supplies and for B2C supplies. HSN is allowed to be selected from the dropdown only. Manual entry of HSN will not be available.

DGFT-Public Notice No. 08/2025-26 dated 30.05.2025

DGFT issued Public Notice No. 08/2025-26 dated 30.05.2025 regarding Enlistment under Appendix 2E of FTP, 2023 –Agency Authorized to issue Certificate of Origin (Non – Preferential).

Excel Utilities of ITR-1 and ITR-4 for AY 2025-26 is available in the portal

The Income tax portal made excel utilities of ITR-1 and ITR-4 for AY 2025-26 available on 30.05.2025

B. Article

Fresh demand for reversal of the same ITC is not valid merely because it was reversed beyond the prescribed time

by CA Bimal Jain

The Hon’ble Gujarat High Court in Ajay Industries & Anr. held that once ITC is reversed prior to issuance of a SCN, the authorities cannot raise a fresh demand on the same amount without verifying GSTN data.

DAY 12 │ THE COMPLETE GUIDE TO CUSTOMS ADVANCE RULINGS

by CA Navjot Singh

Day 12 article out of 30 articles in 30 days. This one is on Customs Advance Ruling

Book: GST Smart Guide

GST Smart Guide book by Ramesh Chandra Jena 4th Edition 2025 is available

Monthly review of accounts of Government of India for April 2025 (FY2025-26)

The monthly account of the Government of India for the month of April 2025 has been consolidated and reports published.

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