CBDT provides recognition to “KIMS Foundation and Research Centre, Hyderabad” under category of ‘university, college or institution’for deduction u/s 35(1) of the Act, towards expenses incurred on scientific research.

CBDT has specified HUDCO’s “Ten-Year Zero-CouponBond” as a zero-coupon bond u/s 2(48) of the Act. Proceeds from the Bond to be utilized towardsspecified infrastructural projects.

Printing of Pre/Post Exam Materials Exempt from GST - TN AAR

• Applicant: M/S. MEHRA COMPUTER SYSTEMS LIMITED

• CaseNo.: TN/04/ARA/2025

• Ruling Date: 12.02.2025

The Tamil Nadu AAR ruled that the printing of pre- and post-examination materials, such as hall tickets, question papers, mark sheets, and certificates, along with result processing services, provided to educational institutions, is exempt from GST. This ruling was supported by Notification No. 12/2017-Central Tax (Rate), Serial No. 66(b)(iv), and Circular No. 151/07/2021-GST, confirming that such services, when related to the conduct of examinations, are GST-exempt. The services are deemed a "composite supply" with printing as the principal service. Educational institutions should ensure no GST is charged on these services and maintain proper documentation to support this exemption during audits.

No GST on UPI Payments over ₹2000

The Finance Ministry has clarified there's no proposal to levy GST on UPI transactions over ₹2,000. Since January 2020, Person-to-Merchant (P2M) UPI transactions attract zero Merchant Discount Rate (MDR), and hence no GST is applicable. An ongoing Incentive Scheme continues to promote low-value UPI payments and support small merchants.

CBIC Eases GST Registration Process – Instruction No. 03/2025-GST

To address complaints regarding unnecessary queries during GST registration, CBIC issued instructions on 17th April 2025 directing officers to stick to the prescribed list of documents and avoid asking for extra paperwork or raising notices on minor issues. Any deviation now needs approval from higher authorities. Zonal heads have been asked to monitor compliance and take strict action against lapses. This aims to simplify GST registration and boost ease of doing business.