The Ministry of Finance confirms Aadhaar-based authentication for GST registration has been rolled out nationwide to combat fake Input Tax Credit claims.
The Minister of State for Finance details India’s direct tax collections from FY 2020-21 to 2024-25, highlighting that collections exceeded budget estimates except in the COVID-affected year of 2020-21. The response addresses the government’s stance on tax evasion, a comprehensive list of direct tax reforms since 2014, and the introduction of the new, simplified Income-tax Bill, 2025.
The Maharashtra government has amended the tax arrears settlement act for public sector undertakings, validating past collections and broadening its scope to include more entities.
The EPFO has simplified the process for members to seed or correct their Aadhaar in their UAN. The new process involves employers and allows members to submit physical forms in certain cases.
EPFO circular simplifies death claims for minors, removing the need for a Guardianship Certificate and allowing direct bank transfers to minor children’s accounts.
The Maharashtra Goods and Services Tax (Amendment) Act, 2025, introduces changes, including a new “track and trace” mechanism for certain goods, penalties for non-compliance, and amendments to input tax credit and appeal processes.
Bombay High Court grants anticipatory bail to directors accused of ₹23 crore wrongful ITC under CGST/MGST Acts, citing lack of need for custodial interrogation and applying SC bail guidelines.
The Gauhati High Court granted bail in a GST fake invoice case, citing non-compliance with legal procedures, including failure to communicate “reasons to believe” for the arrest.
ITAT Mumbai dismisses revenue’s appeal against Adihemshree Financial, a share trader, on losses incurred from alleged penny stocks. The tribunal cited that the losses were a regular business activity.
Allahabad High Court held that issuing a GST penalty show cause notice in Form DRC-01 instead of DRC-01A is a technical error and not fatal when the assessee disputes the entire liability and no final demand is made.
