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Archive: 21 October 2025

Posts in 21 October 2025

Weekly newsletter from Chairman, CBIC Dated 21st October, 2025

October 21, 2025 297 Views 0 comment Print

CBIC leads GRAI rankings for September 2025; report highlights grievance redressal, open-door policy, Rajbhasha event, training, and trade facilitation.

DGFT Amends MIP on Synthetic Knitted Fabrics for Specific GSM

October 21, 2025 465 Views 0 comment Print

DGFT revised the MIP on Synthetic Knitted Fabrics (HS 60053600): The condition remains but is now exempt for fabrics in the range.

No ITC Reversal if Supplier’s GST Registration Cancelled Later: Allahabad HC

October 21, 2025 1803 Views 0 comment Print

Allahabad High Court rules in Singhal Iron Traders v. Addl. Commissioner that ITC cannot be denied when purchases were made from a registered dealer and tax was paid.

GST Order Quashed for No Show-Cause Notice under Rule 142(1A)

October 21, 2025 438 Views 0 comment Print

Highlighting the consistency of its judicial stand, the AP High Court ruled that the non-issuance of a prior notice under CGST Rule 142(1A) vitiates the entire assessment process.

Patna HC Refuses Bail in Copyright Violation for Selling Duplicate FMCG Products

October 21, 2025 1575 Views 0 comment Print

High Court denied pre-arrest bail to a trader found selling fake branded goods without GST invoices, holding such acts cause financial loss to the State and endanger consumers.

NCLT Orders Liquidation for SPG Macrocosm After 100% Creditor Vote

October 21, 2025 303 Views 0 comment Print

Primary Description: The NCLT, Indore, has ordered the liquidation of M/s SPG Macrocosm Limited following a unanimous CoC vote. The decision in Manish Shah Vs SPG Macrocosm Ltd cites no assets or business operations, fulfilling the mandate of IBC Section 33(2).

HC Declines Writ on 100% GST Penalty, Advises Statutory Remedy

October 21, 2025 525 Views 0 comment Print

Allahabad High Court held that interference under Article 226 is not warranted as the petitioner has a pending rectification application under Section 161 of the U.P. GST Act. The Court directed the authority to decide it by 30 November 2025.

Allahabad HC Grants Bail in ₹180 Cr Fake GST ITC Scam

October 21, 2025 504 Views 0 comment Print

Allahabad HC grants bail to accountant Gaurav Tomar in a ₹180 crore fake GST ITC scam, citing parity with co-accused, documentary evidence, and Supreme Court bail precedents.

Stamp duty value on agreement date may be considered under Section 56(2)(x)

October 21, 2025 1722 Views 0 comment Print

The ITAT confirmed that the stamp duty value on the agreement date should be used for tax calculation, not the registration date, when part consideration is paid electronically beforehand.

ITAT Restores 12AB Registration Case for Reconsideration Over Overseas Fund Use

October 21, 2025 276 Views 0 comment Print

Mumbai ITAT restored Discover Ekam Foundation’s Section 12AB registration matter to the CIT(E). Rejection, based on overseas fund use, will be re-adjudicated considering the trust’s revised Memorandum of Association.

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