GSTPAM News Bulletin April 2025

GST, MVAT & ALLIED LAW UPDATES

Compiled by Adv. Pravin Shinde

 

Notification under Central Tax
Notification No.	Date of Issue	Subject
09/2025-Central Tax	11.02.2025	Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force
10/2025-Central Tax	13.03.2025	Seeks to amend notification No. 02/2017-Central Tax.
11/2025-Central Tax	27.03.2025	Seeks to notify Central Goods and Services Tax (Second Amendment) Rules 2025

 

Circular under CGST Act
Circular No	Date of Issue	Subject
247/04/2025-GST	14/02/2025	Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 55th meeting held on 21st December, 2024, at Jaisalmer.
248/05/2025-GST	27/03/2025	Various issues related to availment of benefit of Section 128A of the CGST Act, 2017

 

Notification / Circular under MGST Act
Notification No	Date of Issue	Subject
Notification No. 07/2025- State Tax Dt.25.02.2025	25.02.2025	State tax notification to amend MGST Rules, Maharashtra Goods and Services Tax (Amendment) Rules, 2025
Notification No. 08/2025- State Tax Dt.25.02.2025	25.02.2025	State Tax Notification for waiver of the late fee for filing GSTR 9C
Circular No. 244/01/2025- GST 09 T of 2025	28.02.2025	Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding / re-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer reg.
Circular No. 245/02/2025- GST 10 T of 2025	28.02.2025	Clarification of applicability of GST on certain services reg.
Circular No. 11T of 2025	03.03.2025	Clarification on applicability of late fee for delay in furnishing of Form GSTR 9C
Circular No. 247/04/2025- GST	04.03.2025	Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 55th meeting held on 21st December, 2024, at Jaisalmer.
Notification No. 09/2025- State Tax Dt.19.03.2025	19.03.2025	Seeks to bring rules 8, 24, 27, 32, 37, 38 of the MGST (Amendment Rules) 2024 in to force.

  

 

GIST OF TRIBUNAL JUDGEMENTS (VAT)

 

Compiled by CA Rupa Gami

 

1. M/s Keltech Energies Limited in Vat Appeal no. 1 of 2024, 3-8 of 2018 dated 24/03/2025

   First appeal is filed under section 18A of CST Act before the Hon’ble Tribunal for periods 2008-09, 2010-11, 2011-12 and 2013-14. For the year 2008-09, branch Transfer was disallowed by the reviewing authority relying on the judgement of IDL Chemicals Ltd. vs State of Orissa (10 VST 644(SC)) and freight charges were disallowed relying on the Supreme Court decision of Hindustan Sugar Mills vs State of Rajasthan.

   As regards periods 2010-11 to 2013-14, there is no issue of freight charges. Also, for the period 2009-10, the appellant had filed second appeal before CESTAT against the adverse order passed by the Maharashtra Sales Tax Tribunal where the issue involved was the same of disallowance of branch transfer.

   The appellant is a manufacturer of explosives having factory at Nagpur. It caters to the orders received from the subsidiaries of Coal India Ltd. having its branches in Jharkhand and West Bengal. The Hon’ble CESTAT, principal Bench, Delhi had passed the order dated 08/07/2024 which reversed the decision of lower authorities and allowed the branch transfer. The appellant contended that Higher Court decision should be followed and branch transfer be allowed as the same was allowed in the appellant’s own case for period 2009-10.

   The Tribunal observed that the highest appellate authority under the CST Act ie. CESTAT had differentiated the decision of Supreme Court in IDL Chemicals by considering the running contract in the impugned case as different from the contract in IDL Chemicals. The subsidiaries of Coal India had the option to purchase the goods from any of the subsidiaries. The goods moved to branches and were Branch Transfers. The appellant had collected the taxes and paid to the respective State governments. Movement of goods was not an interstate sale but was branch transfer only.

   As regards freight collected separately, Section 2(b) is clear that cost of insurance and freight collected separately do not form a part of sales price. The freight collected from buyers is post sale. The decisions of Ravi Trading (Sales Tax Reference 2 of 2004), Baroda Electric Meters (94 ELT 13(SC)) and Orient Paper Mills (135 STC 84 (Orissa) support this fact and therefore, freight does not form a part of sales price. (Petitioner represented by Adv. V.P.Patkar)

2. Addl. Commr. of State Tax, Vat 1, Mumbai vs M/s Delta Electro Mechanical Works Pvt. Ltd decided on 26/03/2025 (Bom HC)

   Works Contract of supply, installation, testing and commissioning being ancillary to the Building contract, was covered by Part B of the Notification dated 30th November, 2006 and charged to tax at 5%. The assessing authority had levied tax at 8% considering it not as a construction contract. The Hon’ble Tribunal had set aside the assessment order and confirmed that the activity was ancillary to the construction contract and tax was leviable at 5%. The Court observed that the Tribunal, being the last fact finding authority, has come to the conclusion that the work carried out by the Respondent was going on hand in hand with the civil work and completion of civil work was dependent on the completion of the air conditioning work. Therefore, the order of the MSTT in so far as it relates to applying the Notification dated 30th November 2006 to the works contract executed by the Respondent does not give rise to any substantial question of law.

   As regards service tax to be included in the sales price for levy of vat, the Tribunal had taken note of the fact that the issue was already covered by the decision of M/s Sujata Painters decided on 9th March, 2015 and which has not been challenged by the Revenue. The appeal was dismissed as no substantial question of law arose. (Respondent represented by Adv. C.B. Thakar)

3. M/s Reise Enterprises in Writ petition No. 11163 of 2024 decided on 24/03/2025

   Issue was with reference to Section 6(2)(b) of the CGST Act. Both the State Tax Authorities as well as Central Tax Authorities had demanded recovery of tax on account of the issue of wrong availment of input tax credit. It was the contention of the Petitioner that as per the provisions of Section 6 (2) (b) read with the Circular issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Excise & Customs dated 5th October 2018, only the Central Authorities could have issued the show cause notice and taken it to its logical conclusion. In fact, the Central Tax Authorities had done so and even passed an order dated 31st January 2025 (i.e. after the filing of the present Petition). Therefore, the order impugned in the present Petition passed by the State Tax Authorities could not hold good and would have to be set aside. Also, the Central authorities had initiated the proceedings before the State authorities. The Court stayed the order passed by the State Authorities was stayed by the Court till the next date of hearing. (Petitioner represented by Adv. Rahul Thakar)

4. M/s Sunguard Builders LLP in Weit petition No. 693 of 2025 decided on 17/03/2025

   The order passed under Section 73 was assailed with reference to section 73(2) read with Section 73(10). In the impugned case the time of issuance of order was 30th April, 2024. As per section 73(2) the period calculated backwards would be 30th January, 2024. The show cause notice in this case would have to be issued before 29th January, 2024. However, the show cause notice was issued on 31st January, 2024. The proper officer has no jurisdiction to issue the notice on 31st January, 2024. Relying on the decision of Andhra Pradesh High Court in the case of Cotton Corporation of India ((2025) SCC online AP 652) where the Court held that the provisions of Section 73(2) are mandatory and if the show cause notice is not issued within the period stipulated, the same would render the show cause notice otiose, it was contended that the writ petition should be allowed. The Court held that since the petitioner had made a strong prima facie case and it involved jurisdictional issue, ad-interim relief be granted by staying the operation of the order dated 30th April, 2024 till the final disposal of the case. (Petitioner represented by Adv. Ishaan Patkar)

5. M/s Weikfield Agro Products Pvt. Ltd. in S.A. No. 09 of 2019 (Pune Bench) decided on 26/03/2025

   F Forms which covered transactions for more than one month were disallowed. The petitioner relied on the Karnataka High Court judgement in the case of M/s V.N. Corporation, STRP Nos. 326/2017 decided on 13/07/2018 which has relied upon the Calcutta High Court judgement in the case of M/s Cipla Ltd. ((2013) 61 VST 445 (Cal)). In this case, the Calcutta High Court has laid down that ‘F’ Form covering transactions exceeding one month is not debarred by law and is valid. There being no other judgement of the jurisdictional High court, the above judgements are binding on lower authorities of other states since the above judgements are under the Central Act.

 

The appellant relied on the judgement of MSTT in the case of M/s Iftex Petrochemicals Ltd. in S.A. Nos. 128 and 129 of 2013 decided on 14/12/2015 wherein the Tribunal has allowed the claim of ‘F’ Form covering transactions exceeding one month by relying on the Calcutta High Court judgement in the case of M/s Cipla Ltd.

The revenue relied on the contrary judgement in the case of Trimurti Foods in Vat S.A. No. 232 of 2015 decided on 22/06/2017.

The Hon’ble Tribunal has observed that the controversy as to whether the word ‘may’ occurring in the proviso has to be treated as ‘shall’ has been set at rest in the judgement of the Karnataka High Court in V.N. Corporation relying upon the judgment of the Calcutta High Court and the judgement of the Supreme Court in P.K. Noorjehan in 237 ITR 570 (SC).

The judgment of Trimurti Foods is per incuriam since it has not dealt with the judgement of Iftex

Petrochemicals. The Tribunal held that ‘F’ Forms covering transactions of more than one month are to be allowed and matter remanded to first appellate authority for recomputation of liability. (Petitioner represented by Adv. C.B. Thakar) 

 

You become what you give attention to.

– Epictetus

 

INCOME TAX UPDATES

 

Compiled by By Adv. Ajay Talreja

 

Disclosure of Foreign Assets & Income: Rules for Resident Indians

1. Who should Disclose Foreign Asset/Income? Any Resident in India, who is having foreign income or foreign asset.

2. Who is Resident Indian? An individual, who has stayed 182 days or more in India in any previous year, or An individual, who has stayed 365 days or more in India in four preceding years, and 60 days or more in previous year, A Hindu Undivided Family (HUF), Firm, or Association of Persons (AOP) is resident in India, except where the control and management of its affairs is situated wholly outside India, A company, which is Indian company, or a company having its effective place of management in India.

3. What is included in foreign income and assets? Foreign assets include Foreign Bank Account, Foreign Equity and Debt Interest, Financial Interest in any Entity/ Business, Immovable Property, any other Capital Asset, any beneficial Interest in any of the Foreign Assets, etc. Foreign income includes foreign income in form such as interest, dividend, gross proceeds, redemption, others, etc.

4. Where to disclose foreign income and assets? By choosing correct ITR form (other than ITR-1 and ITR-4), as applicable, as per your particulars. ITR-1 and ITR-4 does not have Schedule FA, Schedule FSI, and Schedule TR. 

5. When to Disclose foreign income and assets? By declaring in Income Tax Return, applicable, for the Assessment Year, in which taxpayer is resident in India in previous year. By filing applicable Return of Income before due date as per Section 139(1)of Income-tax Act,1961.

6. Where to disclose foreign assets and income in ITR? Schedule FA is for furnishing details of Foreign Assets and Income from any source outside India. Schedule FSI is for furnishing details of Income from outside India and tax relief. Schedule TR is for providing details of summary of tax relief claimed for taxes paid outside India.

7. How to Disclose foreign income and assets? Collate all relevant information about foreign assets (including type of asset, country, address, date of acquisition, current value of asset, cost of acquisition, income generated). Collate details of all foreign income (including type of income, amount earned, country, tax paid on foreign income) Fill the necessary details in the Schedules applicable, by referring to step-by-step guide available on incometax.gov.in Claim tax benefit under Double Tax Avoidance Agreement, if applicable byfilling form 67, in addition to Schedule TR.

8. What to do if Income Tax Return not filed before due date? If return not filled, belated return can be filled till 31st December, 2024. Foreign Assets and Income have to be declared even if income is below taxable limit.

9. What to do if Income Tax Return is already filled, but foreign assets and income not declared? Revise your return before the due date for revised return, i.e. 31st December, 2024. Choose correct ITR form while filing revised return (if earlier ITR-1 or ITR-4 filled). Furnish details of foreign income and assets in Schedule FA, Schedule FSI, and Schedule TR. 

10. What are benefits of disclosing Foreign Assets and Income? Compliance with disclosure requirement under Black Money (Undisclosed Foreign Income and Assets)and Imposition of Tax Act, 2015. Avoidance of any double taxation, in relation to income earned outside, where taxes are already paid. Prevention from penalties relating to non-disclosure and inaccurate particulars under Black Money(Undisclosed Foreign Income and Assets)and Imposition of Tax Act, 2015.

11. What are Consequences of Non-Disclosure for foreign income and assets? Assessment proceedings can be initiated under Black Money (Undisclosed Foreign Income and Assets)and Imposition of Tax Act, 2015. Penalty of Rs.10 lakh can be levied, if the aggregate value of an asset or assets (other than immovable property) exceed twenty lakh rupees: Where person who has foreign assets and income fails to furnish the return of income, as per Section 42 of BMA, 2015. Where taxpayer fails to furnish an information or furnish inaccurate particulars about an asset (including financial interest in any entity) located outside India in return of income, as per Section 42 of BMA, 2015. Prosecution Proceedings can be initiated under the Black Money(Undisclosed Foreign Income and Assets)and Imposition of Tax Act, 2015. 

Understanding the Process of Paying Tax with a Credit Card

The Government of India allows payment of income tax through Credit Cards. It is an attempt to discourage the flow of black money and encourage non-cash transactions in the country.

It is much simpler to pay income tax using a Credit Card, as it is quick and convenient. in fact, you can avail a host of tax benefits using this payment method. Paying income tax with a Credit Card boosts the speed of the transaction. As our country still has to deal with instances of counterfeit currency, tax payment through a Credit Card is the Government’s attempt to reduce such illegal situations.

Choosing a Payment Processor Choosing the right processor depends on several factors. These include the type of taxes and any fees charged. Compare processing fees, as they vary among providers and card types. Consider the convenience fee as part of your tax when deciding how and what to file.

Making the Payment Payment steps are similar across most platforms. Typically, you’ll select the tax form you’re paying. Then, enter the tax amount and credit card information. Consider factors like rewards credit, travel rewards, and business credit cards before making a credit card payment.

Weighing the Pros and Cons of Paying Tax with Credit Card Paying tax with a credit card has its advantages and disadvantages.

Advantages of Paying Tax with a Credit Card A primary benefit is earning rewards. Rewards could be points, miles, or cashback, depending on your card’s program. This strategy can help meet minimum spending requirements. It can also help if you want a signup bonus within the first few months. This may come with a minimum fee. Plus, paying with a credit card gives you extra time if you’re short on cash when taxes are due. This can help you avoid late payment penalties on individual tax, business credit, and more. Always consult with tax professionals to get personalized advice on topics like card payments.

Disadvantages of Paying Tax with a Credit Card Processing fees are the main downside. These fees are typically around 1.87-1.99%.

Is Paying Tax with a Credit Card Right for You? The key question is: “Is it the right move for you?”. The decision depends on balancing the advantages and drawbacks of your situation.

PCIT Vs Ganesh Developers (Bombay High Court)

The Bombay High Court addressed an appeal by the revenue concerning alleged bogus purchases made by Ganesh Developers, a real estate firm, during the assessment year 2010-11. The Assessing Officer (AO) had initially added a significant sum under Section 69C of the Income Tax Act, 1961, due to unexplained expenditures related to these purchases. The Commissioner of Income Tax (Appeals) [CIT(A)] partially allowed the assessee’s appeal, deleting additions for most suppliers but retaining 12.5% of the additions for purchases from M/s Neptune Trading Co. and Hari Om Traders. The Income Tax Appellate Tribunal (ITAT) upheld the CIT(A)’s order. The High Court focused on whether the assessee had adequately proven the genuineness of the purchases. For most suppliers, the court upheld the ITAT and CIT(A)’s findings, noting that the AO’s remand report confirmed the suppliers’ bank statements showed no cash withdrawals after the assessee’s payments. This verification was crucial in establishing the transactions’ legitimacy. However, the court took a different stance regarding M/s Neptune Trading Co. and Hari Om Traders. These suppliers failed to provide bank statements, hindering the AO’s ability to verify the transactions. The court emphasized that the lack of bank statements, a crucial factor in validating other purchases, justified treating these purchases as unproven. The court also noted that the assessee’s acceptance of 12.5% addition showed an implied acceptance of the transactions being unproven. The High Court referenced judicial precedents, including “Shoreline Hotel (P.) Ltd. Vs. Commissioner of Income-tax, Central-I,” where it was ruled that if a portion of purchases is deemed unproven, the entire purchase amount should be added, not just a percentage. Similar views were expressed in “Principal Commissioner of Income-tax Vs. Mrs. Premlata Tekriwal” (Calcutta High Court), “Assistant Commissioner of Income-tax Vs. Shanti Swarup Jain” (Allahabad High Court) and “N.K. Industries Vs. DCIT” (Gujarat High Court). The court determined that the ITAT erred in limiting the addition to 12.5%, as the assessee’s failure to prove the transactions warranted a 100% addition under Section 69C. Ultimately, the Bombay High Court reversed the ITAT’s order concerning M/s Neptune Trading Co. and Hari Om Traders, affirming the AO’s original 100% addition for these purchases. The court clarified that the total additions would not exceed the total purchase amount from these two parties. 

The appeal was thus partially allowed, with the court dismissing the revenue’s appeal concerning the other suppliers.

  

It does not matter what you bear, but how you bear it.

– Seneca

 

RAASTA AAPATTI KAVACH POLICY.

 

Compiled by By Mr. Tushar P. Joshi

 

Recently The New India Assurance Co. has launched new very good and economical product called “Rastha Aapatti Kavach Policy”

I have covered the highlights of the same. Please go through the same.

The insurance provides Personal Accident Compensation in the event of death or disability directly due to accident AS WELL AS REIMBURSEMENT OF MEDICAL EXPENSES, attributable to the said accident, up to the sum insured selected.

• Highlights

• Scope

• Who can take the policy

• How to select the sum insured

• How to claim

Highlights

This policy offers compensation in case of death or bodily injury to the insured person, directly and solely as a result of an accident, by external, visible and violent means. The policy also has different levels of medical costs reimbursement for the treatment of injuries arising out if the accident described as above. There is also a provision for covering third party’s medical expenses, in the Road Accident Cover, on payment if additional premium.

The policy operates Pan India and is a 24 hours cover.

Different coverage’s are available ranging from a restricted cover of Road Accident only, to Road Accident plus Work place accident to any kind of accident (this is the widest cover) a comprehensive cover covering death, permanent disablements.

Family cover and long term covers as also group covers are available to Individuals / firms.

Scope

This policy is basically designed to offer compensation to the insured person who suffers bodily injury/death solely as result of an accident which is external, violent and visible. Hence death or injury due to any illness or disease is not covered by the policy. The policy also provides for reimbursement of medical expenses necessarily arising out of an accident as per Chosen level of cover.

The following types of coverage’s are offered:-

Accident Cover

1. Death Cover wherein 100% of the capital sum insured is payable

2. Loss of two limbs / eyes or “one limb and one eye” wherein 100% of the capital sum insured is payable.

3. Loss of one limb or one eye wherein 50% of the capital sum insured is payable.

4. Permanent Total Disablement other than above e.g. paralysis due to an accident, wherein 100% of the capital sum insured is payable.

Medical expenses reimbursements cover to insured / third parties

1. Medical expenses for treatment of injuries arising out of a road accident (on a public road and caused by a vehicle registered under M V Act) to the insured.

2. Medical expenses for treatment of injuries arising out of a road accident ( on a public road and caused by a vehicle registered under M V Act) and or an accident occurring at the insured’s place of work,

3. Medical expenses for treatment of injuries arising out ANY accident

4. Medical expenses for treatment of injuries arising out of a road accident ( on a public road and caused by a vehicle registered under M V Act) to third party/ies {no chosen by insured at inception} provided the insured in holding a valid license for the class of vehicle bring driven and vehicle complying with all statutory requirements.

Who can take the policy?

Any adult residing in India can take the policy covering self and dependent family members between the ages of 5 and 80 yrs. An employer can take a policy for his employees. 

How to select the sum insured?

It is very difficult to put a value to a human life. Hence the principle of indemnity cannot be applied in this policy.

The capital sum insured starts from and Indians of 25,000/- up to 1,00,000/- and is then available in slabs of 1,00,000/- to 10,00,000/-

How is the premium charged?

The premium is charged as per the coverage levels chosen Road Accident Cover – Rs. 1.60 per mille plus applicable GST

Road Accident Cover + Employment cover – Rs. 2.60 per mille plus applicable GST Any Accident (Widest Cover) – Rs. 3.60 per mille plus applicable GST Third party medical expenses cover in Road Accident Cover – Rs. 1.00/ mille plus applicable GST per person.

How to claim?

In the event of an accident giving rise to a claim, An FIR or a police report is necessary and the following steps should be taken:-

In case of death claim:-

1. Assignee under the policy should immediately notify the policy issuing office.

2. Submit the claim form along with death certificate, post mortem report, police report and original policy.

In case of injury claim:-

1. Notify the policy issuing office immediately.

2. Submit Police report and in case of road accident, statutory documents related to vehicle and insured

3. Submit claim form along with medical certificate certifying the disablement.

4. In case medical expenses extension has been taken, then the prescriptions along with bills are to be submitted.

Please Note. Policy details given are indicative, not exhaustive. Please contact your nearest NIA office for further details. “Insurance is the subject matter of Solicitation”

 

The nearer a man comes to a calm mind, the closerh is to strength.

– Marcus Aurelius

 

 

CIRCULAR FOR RENEWAL OF MEMBERSHIP/SUBSCRIPTION CHARGES FOR THE F.Y. 2025-26

Dear Members,

RENEWAL OF MEMBERSHIP FOR F.Y. 2025-26

The Membership Fees for the year 2025-26 are due for renewal on 01.04.2025. We appreciate your Continuing support and participation in the activities of our Association.

The timely Renewal of Membership will enable the members to continuously receive the updates on various activities of GSTPAM along with the GSTReview, News Bulletin, Circulars, Messages, Webinars and online access to the website www.gstpam.org. The Life Members only need to renew the subscription charges for the GST Review. The members can also avail the benefit of discount by paying advance for subsequent two years membership fees /subscriptioncharges.

The Membership Renewal Fees received after 30thApril, 2025 will be subject to approval of the Managing Committee. If the Renewal fees for a particular year are not paid, then the member is liable to pay Admission Fees again for Renewal in the subsequent year.

Delayed Renewal Members will be provided Pre Renewal GST Review subject to availability upon payment of such additional courier charges.

The details of Membership/Subscription Fees are given below for your ready reference

Type of Membership	Membership Fees incl. GST	Admission Fees Incl.GST	Subscription Charges for GST Review	Total
New Membership Application
Donor Member	2,36,000.00		800.00	2,36,800.00
Patron Member	1,77000.00		800.00	1,77,800.00
Life Member	11,800.00	1180.00	800.00	13,780.00
Life Member (Conversion from Ordinary)	11,800.00	590.00	800.00	13,190.00
Ordinary Local Member	2,006.00	590.00		2,596.00
Ordinary Outstation Member	1,711.00	590.00		2,301.00
Student Member	590.00	590.00		1,180.00

New Membership Application (Firm/LLP)

Ordinary Local Member	2,006.00	944.00	0	2,950.00
Ordinary Outstation Member	1,711.00	944.00	0	2,655.00

Advance Membership/ Subscription charges for subsequent Three years 2026-27 & 2028-29 (Non-Refundable)

Ordinary Local Member	5,428.00			5,428.00
Ordinary Outstation Member	4,602.00			4,602.00
Life Member (Individual/Firm/LLP)	0		2,400.00	2,400.00
Patron Member	0		2,400.00	2,400.00
Donor Member	0		2,400.00	2,400.00

Advance Membership/ Subscription charges for subsequent Five years (Non-Refundable)

Ordinary Local Member	8,968.00			8,968.00
Ordinary Outstation Member	7,670.00			7,670.00

Subscription for GST Review for F.Y. 2025-26 by Non-Members (Non-Refundable)

Subscription fees for GSTR

1,200.00

1,200.00

Advance subscription charges for GST Review by non-members for subsequent two years (Non-Refundable)

Subscription Fees -GSTR

0

2,400.00 2,400.00

Advance subscription charges for GST Review by non-members for subsequent Three years (Non-Refundable)

Subscription Fees -GSTR

0

3,600.00 3,600.00

Notes: –

1. Membership Fees are inclusive of GST.
2. The Subscription Charges are payable by only those life members, who wish to subscribe to the “GST Review”.
3. No subscription charges are payable by Ordinary Local/Outstation Member

Modes of Payment:-

Cheque	A/c Payee Cheque drawn in favor of “The Goods & Services Tax Practitioners’ Association of Maharashtra” payable at Mumbai.
NEFT Details	The Goods & Services Tax Practitioners’ Association of Maharashtra Bank of India, Mazgaon Branch Current Account No. 007020100001816, IFSC Code – BKID0000070.Online generated transaction Acknowledgement should be sent by email on [email protected] along with membership and payment details Members are requested to send their physical form to the association for Approval, Issuance and Office record.
Cash	Renewal form along with requisite amount will be accepted between 10.30 a.m. and 5.30 p.m. on all working days except Saturday at our Office at Mazgaon Library – Mazgoan: 1stFloor, 104, GST Bhavan, Mazgaon, Mumbai – 400 010 Or Bandra Library – GST Bhavan, Ground Floor, A Wing, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Or Mazgaon Tower-8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai – 400 010.
Identity (New Members)	New Members should provide the following as Identity Proof : PAN, Aadhar Card, Constitution Document. Address Proof(any one) : Electricity Bill / Passport/ Aadhar Card / Driving License/ Voter id/ Ration Card along with Membership Form
Identity Card (For Renewals)	Ordinary Local/Outstation Members should provide Two Photographs along with the Renewal Form for issue of I- cards.
Online Payment Link

We value your continuation of the membership and look forward to your renewal to this effect.

 

 

Dated:- 10.03.2025

Jatin Chheda

Rahul Thakar

Hon. Jt.Secretary

THE GOODS & SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA

INTENSIVE STUDY COURSE CIRCULAR FOR THE YEAR 2024-25

In the rapidly changing field of Goods & Services Tax (GST), where new updates, amendments, notifications and circulars are a constant, staying informed is essential. The complexity of GST requires the tax professionals to continually refresh and deepen our understanding to apply the law effectively.

Our association’s Intensive Study Circle is an esteemed platform designed to help members navigate these challenges. Through in-depth discussions and interactive sessions, participants gain critical insights and practical knowledge that are indispensable in today’s dynamic professional landscape.

We are excited to launch the 2024-25 session on Wednesday, September 4, 2024. We invite you to join this highly anticipated event, where we will explore various facets of GST law, sharing expertise and practical solutions to real- world issues.

The intensive study circle is designed for maximum interaction wherein, a participant member can opt for or an expert speaker acts as a group leader and leads the discussion on the latest issues arising out of the assigned topic and some of the top eminent faculty and senior in the profession acts as a monitor and guide through out the duration of the session. The meetings will be generally arranged on 1st, 3rd or 5th Friday of the month, during 04.30 p.m. to 7.00 p.m. on virtual mode. There are around 15 meetings in the Intensive Study Circle.

The inaugural meeting of the Intensive Study Circle shall be held on Wednesday, 04-09-2024 between 04.30 p.m. to 7.00 p.m. Virtual mode on the subject “ISD (Input Service Distribution) vs CC (Cross Charge). ISD Mechanism made compulsory from 1 Apr 2025 under GST – Indepth Analysis”. The topic will be lead by Adv. Monarch Bhatt under the Chairmanship of CA Vikram Mehta. Please note all other sessions will be carried out on virtual platform. The Intensive Study Circle Meeting Fee is fixed at Rs. 1,650/- including GST for Members and 1850/- including GST for Non members. You are requested to enroll at the earliest to avoid disappointment. Kindly use photocopy of the Enrolment form printed here in below. Also write your email address and mobile number for better communication.

Member interested to act as group leader should inform by filling up the option in the Form of “I wish to be a group leader for the subject” and are requested to contact the Convenor/s on Cell No. 98211 21433 /9224386682/9821441740/9892512345 Note: 1. GST lectures will be in form of group discussion, which will be helpful to study the new law. 2. If the materials are received 3 days earlier to the date of meeting, the same will be circulated through mails to the participants. 3. Participants are requested to discuss only the points related to the particular topic of the meeting and to come prepared for the subject, which will be helpful for the discussion.

Mahesh Madkholkar President

Deepak Thakkar Chairman

Dilip Nathani Convenor 9821121433

Hiral Shah Jt. Convenors 9224386682

Sanjay Gajra Jt. Convenors 9821441740

Sujoy Mehta 9892512345

 

 ENROLMENT FORM FOR INTENSIVE STUDY CIRCLE MEETINGS FOR THE YEAR 2024-25

To,

Convener,

Intensive Study Course

The GSTPAM, Mazgaon, Mumbai – 400 010.

 

Dear Sir,

Please enroll me as a participant for the Intensive Study Course for the year 2024-25. The Registration fees of Rs. 1,650/- (for members) and Rs. 1,850/- (for non-members) 18% Including GST is enclosed herewith by Cash/DD/Cheque No.______________________ dated ______________________ drawn on ______________________

 

Particulars of Member/Participant

Signature: ______________________

Our members have an option to subscribe to our monthly academic magazine, “GST Review”, which is one of the oldest monthly publications on indirect tax laws in the Country. You get access to indepth articles, analysis and updates on all aspects of indirect tax laws by veteran experts. Latest notifications and circulars are also printed in the same for the benefit of the subscribers.

For the benefit of our readers we are reproducing the index of the topics covered in the last month. Subscription form is available in this News bulletin. Please take this opportunity and become our member and subscribe to the GST Review.

 

Contents Vol. 7 No. 7 | Mumbai | March, 2025

Part – I
Editorial	Mayur R. Parekh	5
From the President	Mahesh Madkholkar	9
Roving Eye	D. H. Joshi	12
GST Updates	Deepali Mehta	16
The Classification of Surma and Kajal Products under GST	Ratan Samal & Manohar Samal	17
Retrospective Amendments of Tax Laws: An Analytical Appraisal	Jaiprakash Gupta	19
Analysis of Caselaws cited in the Gujarat Chamber of Commerce and Industry (GCCI) v. Union of India Judgment (Part-2)	Parth Badheka	21
Activities to be under taken for GST compliances of F Y 2024-25 in March 2025	Ashwin Tanna	26
Provision related to TDS Section 194T from 1st April, 2025	Bharat J. Bajaria	34
Violation of P rinciples o f Na tural Justice and Non- Compliance of Service of GST Notices	Zalak Sohil Dalal	36
Latest Amendments of Hotel Industry and Restaurants	Zalak Sohil Dalal	40
जीएसटी नवीन नोंदणी इतकी अवघड का असावी ?	Kishor Lulla	43
Service Tax Updates	Vasudev Mehta	46
Income Tax Update – Highlights on Recent Amendments	Sonakshi Jhunjhunwala & Sunil Jhunjhunwala	51
Do You Know?	Moti B. Totlani	53
Replies to Queries	Deepak Thakkar &  Ronak Thakkar	55
Representation & Response		56
Association News	Jatiin N. Chheda  & Rahul Thakar	78
Part – II
From the Courts	Dhaval Talati	85
Gist of Advance Rulings	Ashit Shah	87
Part – III
Recent Amendments – Notifications/Trade Circulars
Advisory: Enhancements in Biometric Functionality – Allowing Directors 91 to Opt for Biometric Authentication in Their Home State		91
Part – IV
General Index		93
Announcements Announcement For New Membership, Renewal of Membership & Subscription For Year 2025-26		Page 84
Advertisement Choice		Page 02

 

People exist for one another. – Marcus Aurelius

 

Members Name	Date of Birth
Kakde Narendra D.	11- April
Shah Saurabh Praveen	12- April
Yeola Ghansham Gajanan	12- April
Amin Manohar Raju	12- April
Mandhana Mahesh Shivaratan	12- April
Kulkarni Sukumar Madhav	12- April
Luniya Tejas Chandrashekhar	12- April
Shah Shital Valchand	13- April
Menon Dilip Krishna	13- April
Agrawal Ajay K.	13- April
Vora Jayesh Rameshchandra	13- April
Supekar Anand Shankarrao	13- April
Bhambare Sanjay Shankarrao	13- April
Deshmukh Nitish Dhananjay	13- April
Nadar Jeyaseelan Chellathurai	14- April
Siddiqui Fayesal Salahuddin	14- April
Jha Amit Anil	14- April
Jain Vinod Pukhraj	15- April
Jain Ashok B	15- April
Kulkarni Jayanti Ramakant	15- April
Shah Rushabh Kirtikumar	15- April
Shah Ankit Bharat	15- April
Shah Devavrat A	15- April
Padalia Prakash Chandresh	15- April
Sorte Ashok Ramchandra	16- April
Vakharia Anil Babulal	16- April
Modh Nishita Pradip	16- April
Chavan Yugant Dilip	16- April
Jain Sanjay Mithalal	17- April
Pallod Pankaj Champalal	17- April
Shinde Arvind Manikrao	18- April
Bhalja Sunil H.	18- April
Moye Bhushan Suryakant	18- April

 

Members Name	Date of Birth
Ruparelia Jigar V.	18 – April
Bohra Aakash Shantilal	18 – April
Nag Gautam	19 – April
Chanageri Manjunath Krishnarao	19 – April
Kalvikatte Ramakant Maruti	19 – April
Wadke Ajay Arvind	19 – April
Jasani Piyush R	20- April
Bhatt Sanjay P.	20- April
Acharya Hitesh Krishnalal	20- April
Nalawala Burhan Asgarbhai	20- April
Avere Sushil Ganapat	20- April
Khakhar Rinav Ashok	21- April
Rajgor Dinesh Veljibhai	22- April
Patel Mohammed Asif Gulam Husain	22- April
Maske Vinod Anand	22- April
Wazalwar Sachin Suresh	22- April
Tambe Akshay Anil	22- April
Bhalani Shailesh B.	23- April
Thakare Anil Madhukarrao	23- April
Marathe Neelakanth Vishnu	23- April
Lalwani Jayesh Ramesh	23- April
Makhija Vinay Kanayalal	23- April
Joshi-Kulkarni Samata Harshad	23- April
Mahadalkar Ravindra Ramnath	24- April
Suthar Lalit Kumar	24- April
Bhandare Sagar Suresh	24- April
Deshpande Mahesh B	25- April
Patki Rajendra Shridhar	25- April
Parikh Vinay S.	25- April
Saboo Nilesh Rameshchandraji	25- April
Narwade Dnyaneshwar Umakant	25- April
Desai Prakashchandra Zaverchand	26- April
Shah Rajkamal Ratilal	26- April

 

Members Name	Date of Birth
Sayed Abdul Aziz Abdul Sattar	26- April
Shah Dinesh B	26- April
Deshpande Prasad Ganpat	26- April
Choudhary Akshay Shivram	26- April
Deshmukh Nikhil Sunil	26- April
Pandey Deepak Premnath	27- April
Mahamuni Shreya Sagar	27- April
Shah Vipin M.	28- April
Gurav Manoj Mukund	28- April
Hiro Amarsingh Dharamsingh	28- April
Agarwal Arunkumar M.	28- April
Nirhali Nayan Nandksihor	28- April
Shete Manoj Laxman	28- April
Shah Shirish Jayantilal	29- April
Satara Harish Damji	29- April
Mhaske Vinod K.	29- April
Popat Atul	30- April
Bhatkar Sudesh Suresh	30- April
Jain Arvind Mahavirchand	30- April
Pingle Rohan Ramakant	30- April
Mehta Viral Rohit	30- April
Dikshit S. S.	01- May
Pathak Rajul Chittanranjan	01- May
Joshi Dinkarrray Narmadashankar	02- May
Ramana Venkata S V	02- May
Solapurkar Mahesh Shamrao	02- May
Mudaliar Gunashekar Shanmugam	02- May
Samant Girish Anand	03- May
Biyani Ambesh Shioprasadji	03- May
Baldia K. T.	04- May
Patil Pralhad Bhika	04- May
Singh Dilip Kumar	04- May

 

Members Name	Date of Birth
More Rajendra Babasaheb	04- May
Panchakshari Vishwanath Kashinath	04- May
Chavan Anurudra Ramkrishan	04- May
Teli Maruti Sadashiv	04- May
Prabhu Prathamesh Sunil	04- May
Sachdev Jatinbhai Mathuradas	05- May
Garg Ghasiram	05- May
Acharya Dinesh S	05- May
Dhavane Sanjay Dnyandeo	05- May
Phatak Kedar Gajanan	05- May
Patil Pandurang Hari	05- May
Dinesh Pai	06- May
Agarwal Radhey Shyam D	06- May
Bhandari Ashok Onkarmal	06- May
Rungta Ajay Jwalaprasad	06- May
Iyengar Madhavan Narasimhan	06- May
Alsepatil Datta Marotrao	06- May
Pitale Amit R.	06- May
Momin Rizwan Ibrahim	06- May
Dhond Girish D.	07- May
Shetty Vijay Raghurama	07- May
Gada Nitin Harakchand	07- May
Bhoir Deepak Baban	07- May
Sanghavi Abhay Harshadrai	07- May
Mody Jigar Devendra	07- May
Jain Vijay Kumar	08- May
Singhvi Puneet Chandanlal	08- May
Vaidya Shrikant Pandurang	09- May
Dawane Shriram Kacharu	09- May
Darade Raghunath K.	10- May
Wangikar Suresh Rambhau	10- May

 

OUR PUBLICATIONS AVAILABLE FOR SALE

Sr. No.	Name	Price ₹
1	FMCG & Pharmaceutical Industry – GST Issues & Challenges	150/-
2	Mega Full Day Seminar Booklet 6.5.2023	120/-
3	Short Publication GST practical guides (5 Book Series)	555/-
4	47th RRC Lucknow Booklet	250/-
5	Mega Full Day Seminar Booklet 9.2.2024	150/-
6	48th RRC Book	250/-
7	Mega Full Day Seminar Booklet 6. 7.2024	130/-
8	Half Day Seminar Booklet 22.11.2024	100/-