We trust you will find this Journal informative as well as useful.

Weekly Tax Update

Dear Reader,

Greetings for the day!!!
We are pleased to share the recent Tax notification and circulars.

S.no	Description	Relevant links
1.	CBDT, via a press release, announced that it had entered into the highest number of APAs in a single financial year, i.e., 174, during FY 2024-25, including unilateral, bilateral, and multilateral APAs.	Press Release Dtd 31.03.2025
2.	CBDT mandates that individuals who received a PAN using their Aadhaar Enrolment ID before October 1, 2024, must intimate their Aadhaar number to the PDGIT or DGIT by December 31, 2025.	Notification no.25/2025 Dtd 03.04.2025 Notification no.26/2025 Dtd 03.04.2025
3.	CBDT notifies that no TDS shall be deducted u/s 194EE on withdrawals made by individuals from the NationalSavings Scheme covered u/s 80CCA(2)(a) w.e.f. 4th April 2025.	Notification no.27/2025 Dtd 04.04.2025

Goods And Services Tax Update

S.no	Description	Relevant links
1.	Fixation of Monetary Limits for Proper Officers under Sections 73, 74 & 74A Dated: 01/04/2025 The Haryana GST Department has prescribed monetary limits for issuing Show Cause Notices (SCNs) and passing orders related to: ✓ State Tax (SGST) & Cess ✓ Integrated Tax (IGST) & Cess ✓ Total Tax (SGST + IGST) & Cess Excise & Taxation Officer – Up to ₹1 Cr (SGST), ₹2 Cr (IGST), ₹2 Cr (Total Tax) Deputy Commissioner of State Tax – Above ₹1 Cr (SGST), ₹2 Cr (IGST), ₹2 Cr (Total Tax)	Official Instruction
2.	GST Advisory \| Case Insensitivity in IRN Generation Dated: 04/04/2025 W.e.f. 1st June 2025, the Invoice Registration Portal (IRP) will treat invoice/document numbers as case-insensitive for IRN generation. Invoice numbers such as "abc", "ABC", or "Abc" will be considered identical. All invoice numbers will be automatically converted to uppercase before IRN generation, in line with the existing approach in GSTR-1. This change aims to enhance consistency and prevent duplication of IRN.	Official Advisory
3.	Biometric-Based Aadhaar Authentication for Assam: Dated: 04/04/2025 GSTN has rolled out Biometric-based Aadhaar Authentication & Document Verification for new GST registrations in Assam starting April 1, 2025.	Access The Official Tweet of GST Tech

We trust you will find this Journal informative as well as useful.
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Disclaimer: This insight is meant for informational purposes only and should not be considered as advice or opinion.

Best Regards!
Knowledge Updates Team
AKGVG & Associates (Chartered Accountants)

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