Supreme Court Upholds GST Exemption for Electricity Regulators
The Supreme Court has dismissed the central government's appeal and upheld a Delhi High Court ruling that exempted regulatory charges levied by electricity regulators like CERC and DERC from GST…
Read full update →Three-Year Limit Introduced for Filing Old GST Returns from July 1, 2025
The government has imposed a 3-year time limit for filing all GST returns, including GSTR-1 and GSTR-3B. Taxpayers will no longer…
Invoice Management System (IMS) Launched for Improved ITC Matching
The GST Network (GSTN) has launched the Invoice Management System (IMS), enabling recipients to accept, reject, or defer invoices…
Finance Ministry Notifies New GST Amnesty Scheme 2025
From April 1, 2025, the GST Amnesty Scheme 2025 is live, offering reduced late fees for pending returns.
Income Tax Department Enables Auto-Populated AIS Data for FY 2024-25
From April 10, 2025, AIS data is auto-filled in ITR forms to simplify filing and improve accuracy.
RERA Authorities Empowered to Freeze Bank Accounts of Defaulting Builders
Effective April 5, 2025, State RERA bodies can now freeze accounts and recover dues from non-compliant promoters.
New Income Tax Circular Allows Single Missed Advance Tax Installment Correction
From April 12, 2025, CBDT allows correction of one missed advance tax installment under Circular No. 07/2025.
Advance Tax Second Installment Due by 15th June 2025
Second advance tax installment is due by 15th June. Plan now to avoid interest penalties.