Daily Archives: November 1, 2025

Central Goods and Services Tax (Fourth Amendment) Rules, 2025. GST Registration would be granted within 3 working days

By | November 1, 2025

The CBIC has issued notification to notify CGST (Fourth Amendment) Rules, 2025. Now, GST Registration would be granted within 3 working days from date of submission of application. Also, New changes are made in GST Registration Forms. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOM) NOTIFICATION New Delhi,the 31stOctober,2025 No.… Read More »

Advisory for Simplified GST Registration Scheme from 1st Nov 2025

By | November 1, 2025

Advisory for Simplified GST Registration Scheme Nov 1st, 2025 Dear Taxpayers, In pursuance of Rule 14A of the Central Goods and Services Tax (CGST) Rules, 2017, a Simplified GST Registration Scheme has been introduced to reduce the compliance burden and enhance the ease of doing business for small taxpayers. As per Rule 14A (Option for taxpayers having… Read More »

Category: GST

ITAT Rules Cash Gifts from Sisters Are Valid, Quashes Tax Addition

By | November 1, 2025

ITAT Rules Cash Gifts from Sisters Are Valid, Quashes Tax Addition Issue: Whether cash gifts received by a brother from his married sisters, who are classified as “relatives” under the Income Tax Act, should be treated as unexplained cash credit under Section 68 if the Assessing Officer (AO) deems the donor’s creditworthiness insufficient or questions… Read More »

Category: GST

J&K Industrial Units Fear Closure as GST Cuts Remove Reimbursement Benefits

By | November 1, 2025

J&K Industrial Units Fear Closure as GST Cuts Remove Reimbursement Benefits   Issue: The recent Goods and Services Tax (GST) rate rationalization (GST Reforms 2.0) has inadvertently led to the removal of essential tax reimbursement benefits for older industrial units in Jammu & Kashmir (J&K), creating an uneven playing field and threatening their viability. Facts:… Read More »

Category: GST

HC Quashes GST Demand on Corporate Guarantee for Non-Consideration of Binding CBIC Circulars.

By | November 1, 2025

HC Quashes GST Demand on Corporate Guarantee for Non-Consideration of Binding CBIC Circulars. Issue Whether an assessment order levying GST on a corporate guarantee provided to a related entity (where full ITC is available) is legally sustainable if the assessing authority passes the order without applying their mind to the taxpayer’s submissions and in complete… Read More »

Category: GST