CBDT provides recognition to “Greater Mohali Area Development Authority (PAN: AAALG0872G)” for income exemption u/s 10(46A)(b) of the Act.

CBDT provides recognition to “Prayagraj Mela Pradhikaran, Prayagraj (PAN: AAAGP1340M)” for income exemption u/s 10(46A)(b) of the Act.

CBDT introduced Form ITR-B for filing block assessment returns u/s 158BC(1)(a) in search and seizure cases initiated on or after 1st Sep 2024.

CBDT declared HUDCO bonds issued on or after April 1, 2025, as 'long-term specified assets' u/s 54EC, eligible for capital gains tax exemption.

CBDT has notified 30th April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.

MP Egg Seller Receives ₹6 Crore GST Notice Amid Fraudulent Registration

Dated: 29/03/2025

In an apparent case of identity theft, an egg vendor from Damoh, Madhya Pradesh received a GST notice for ₹6 crore linked to a company that was fraudulently registered in his name in Delhi in 2020.

The fictitious firm reportedly recorded transactions worth about ₹50 crore over two years in sectors like leather, wood, and iron, yet it never fulfilled its GST obligations.

The vendor, who earns a modest living selling eggs, claims he has never been to Delhi and was unaware of any such business being established under his credentials.

Consequently, his family has filed complaints with both the police and tax authorities, urging a thorough investigation to clear his name and address the misuse of his personal details.

CBIC has issued FAQs on ‘Specified Premises’ for restaurant services, effective from 01.04.2025:

Dated: 27/03/2025

CBIC has issued 28 FAQs for clearing about the new GST structure for restaurant services supplied at specified premises highlighting:

• ✓ Definition & Tax Rates
• ✓ Opt-in & Opt-out Rules
• ✓ ITC Treatment & Declarations

Chhattisgarh E-Way Bill Limit Increased:

Dated: 27/03/2025

Big Relief for Businesses & Transporters! From 1st April 2025, E-Way Bill is NOT required for intra-state (within Chhattisgarh) movement of goods if:

Value ≤ ₹1,00,000 (for all goods except specific goods)

Value ≤ ₹50,000 (for specified goods like Pan Masala, Tobacco, Iron & Steel, Coal, etc.)