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| Direct 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 has notified “Ten-Year Zero-Coupon Bond of Power Finance Corporation Ltd.” as a zero-coupon bond under clause (48) of section 2 of the Income-tax Act, 1961. | Notification no.19/2025 Dtd 11.03.2025 |
| Goods And Services Tax Update |
| S.no | Description | Relevant links |
| 1. | Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Uttar Pradesh: An applicant can be identified on the common portal, based on data analysis and riskparameters for Biometric-based Aadhaar Authentication and taking a photograph of the applicant along with the verification of the original copy of the documents uploaded with the application. |
GST Advisory Dated 16/03/2025 |
| 2. | Reorganization of Territorial Jurisdiction of Central Tax Commissionerate: The CBIC has received multiple representations from different Central Tax Zones requesting the reorganization of CGST Commissioneratedue to administrative reasons. Rather than making changes in a piecemeal manner, a comprehensive assessment will be conducted for all Central Tax Zones. |
CBIC-2001 0/5/2025-GST |
| 3. | Rajasthan GST Dept notifies Revised List of Proper Officer: The Commercial Taxes Department of the Government of Rajasthan issued Notification No. F.17(228)ACCT/GST/2023/13924982, revising the list of Proper Officers under the Rajasthan State Goods and Services Tax (SGST). The revised list assigns specific responsibilities to designated officers, clarifying their roles in GST administration. |
Notification No. F.17(228)ACCT/GST/2023/13924982 |
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Knowledge Updates Team
AKGVG & Associates (Chartered Accountants)
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