GSTPAM News Bulletin September 2025

 

GIST OF TRIBUNAL JUDGEMENTS (VAT)

Compiled by 

CA Rupa Gami

1. M/s Satishkumar & Co. in M.A. No. 134 of 2019 in S.A. No. 174 of 2011 and Rectification Application No. 91 of 2016 dated 09/01/2025

   Second Appeal No. 174 was heard and order passed dated 13/10/2015. Against this Second Appeal order, Rectification Application was filed and heard and the order dated 19/06/2017 was passed. It was held by the Hon’ble Tribunal that the Second Appeal is partly allowed and remanded to first appellate authority with a direction to take steps for recovery of tax of amount involved in the matter from M/s Span Enterprises within nine months and the claim for refund of the appellant be considered.

   However, it was contended by the applicant that he visited the office of the first appellate authority a number of times but his request for taking appropriate steps to recover the amount from the party M/s Span Enterprises were not taken till date.

   The set off of purchases made by the appellant from M/s Span Enterprises was not allowed on the basis that the party had not filed returns for the relevant period. As a result the Tribunal in Second Appeal had given direction to recover the amount from M/s Span Enterprises.

   Since the matter was pertaining to the BST period and the party M/s Span Enterprises must have been assessed with demand and therefore the benefit was to be passed on to the applicant.

   The Hon’ble Tribunal observed that as the Department was not having any details or evidence, the benefit of doubt was to be given to the applicant and set was to be allowed.

   (Petitioner represented by Adv M.S. Mathuria)

2. Shree Ganesh Textiles and Infrastructure India Pvt Ltd. in Vat S.A. Nos. 329 and 330 of 2024 dated 10/01/2025 Ex parte assessment orders were passed both under the MVAT Act and CST Act. The appellant filed an application for cancellation and the orders were cancelled. Thereafter fresh notice was issued for hearing and the appellant appeared and submitted all the documents. These were verified and final order of assessments were passed within time of 18 months as provided under section 23(12) of the MVAT Act on 06/06/2017 with Nil demand both under the MVAT Act and CST Act.

   Another set of fresh assessment orders were passed on 11/05/2019 (MVAT) and 30/06/2019 (CST) which were time barred without referring to the earlier assessment records. An appeal was preferred against these assessment orders. The Jt. Commr. (Appeals) without referring to the assessment records and the statement of Facts and Grounds of appeal, dismissed the appeal and increased the interest under section 30(3) which is against the Hon’ble Tribunal judgement in the case of M/s Arvind Pipes and Fittings in Vat S.A. No. 328 of 2018 decided on 8th July, 2019. The Hon’ble Tribunal held that the assessment done on 11/05/2019 is without authority and law. That the order needs to be set aside and as a consequence the appeal order also be set aside. The first assessment order with Nil demand gets restored and the part payment be refunded. (Petitioner represented by Adv. S.P. Surte)

3. M/s Royal Arts in Vat S.A. No. 154 of 2024 decided on 09/01/2025 The appellant was assessed to tax, interest, penalty and fine on account of suppression of sales on the basis of J2 filers. No opportunity of hearing was provided and the dealer was neither served the notice of hearing nor the assessment order so passed.

   It was only on attachment of bank account that he came to know of the order. The appellant had not effected any local sales. All its sales were export sales. These facts were brought to the notice of the appellate authority, however, he merely relied on the MSTT decision in the case of M/s Perfect Profile in Vat S.A. No. 1105 of 2018 dated 10/07/2023 and observed in the order, “Mere submission of sample export invoice does not prove that there are no local sales. No other supporting documents like bank statements are produced by the appellant.”

   It was emphasised by the appellant that the appellant authority merely relied on J2 of ‘So called customers’ without bringing on record which sales were suppressed.

   The Hon’ble Tribunal relied on the judgement in the case of M/s Perfect Profile in Vat S.A. No.1105 of 2018 where it was clearly held that mere reliance placed by the assessing authority on the data from the electronic system of filing returns and statutory audit reports in Form 704 and registration data available on Mahavikas for checking sales suppression was not sufficient for disallowance of ITC. The appeal was allowed.

4. M/s Atharv Printery in Vat S.A. No. 186 of 2022 decided on 10/01/2025

   Assessment Order passed raising demand on account of mismatch of J1 and J2. The appellant filed appeal depositing the full demand amount. The appellant had documentary evidences which showed that the defaulting selling dealer had paid the taxes and therefore demanded that full amount paid while filing appeal should be refunded. Although the returns were filed with outstanding demand, the same was paid later. The appellant referred to the Circular no. 91 of 2013 and the annexed list published by the MVAT Department. Under the List of beneficiaries of return non-filers dealer for the impugned period now eligible for refund as the defaulter dealers have filed the returns and paid the tax, the selling vendors name was appearing which

   showed that the selling dealer had paid the tax. The appeal was allowed. (Petitioner represented by CA P.P.Karandikar)

5. M/s Kalpana Oil Centre in M.A. No. 310 of 2024 decided on 13/01/2025)

   Delay of 28 days in filing of appeal was caused as the appellant was bedridden facing Parkinson’s disease and was under treatment and advised complete rest. Prima facie the appellant had a strong case on merits and thus applied for condonation of delay. The appellant relied on the following case laws which had laid down guidelines for condonation of delay in appeal which need to be considered in the interest of justice.

   1. 1987 28 ELT 185 (SC) Collector, Land Acquisition vs MST Katiji and others

   2. Civil Appeal arising out of SLP (Civil No. 12980 of 1986 decided on 19/02/1987

   3. 2008 228 ELT 162 (SC) N. Balkrishnan vs M. Krishnamurthy

   4. 2014 309 ELT 610 (Guj) Prakash Charia vs Commr. of Customs, Kandla

The Hon’ble tribunal observed that that the delay was not intentional and also it was not in the interest of the appellant to delay the filing of appeal deliberately but for the illness of the appellant and financial crunch. Thus in the interest of justice the delay was condoned after imposing reasonable costs. (Petitioner represented by Adv. Abdul Majid Khan)

 

INCOME TAX UPDATES

Compiled by 

By Adv. Ajay Talreja

 

Agriculturists not expected to maintain bills for crop sales – Additions deleted

Ganesh Vasudeva Shet Vs ITO (ITAT Bangalore) Section 44AA- Agriculturist Not Bound to Maintain Books – Agricultural Income Cannot Be Treated as Unexplained Where Sales Are Substantiated- Adhoc Expense Disallowance Without Evidence Not Sustainable Agricultural Income Accepted – ITAT Bangalore Deletes Additions & Adhoc Disallowance Where assessee, an agriculturist, substantiated majority of agricultural sales with records from MACOS & CAMPCO and balance sales were made locally without vouchers, Tribunal held u/s 44AA agriculturist not obliged to maintain books. Addition of 9.29 lakh deleted as Revenue showed no alternate income source. Further, adhoc disallowance of 25% expenses ( 13.58 lakh) held baseless when actual farm expenses were evidenced. Appeal allowed in full.

Assessee, a partner in two firms & an agriculturist owning 14 acres of arecanut plantation with minor crops, filed return declaring total income of 11.86 lakh & net agricultural income of 81.45 lakh. AO completed assessment u/s 143(3) r.w.s. 143(3A) & 143(3B), treating entire agricultural income of 81.45 lakh as unexplained income from undisclosed sources, thereby assessing income at 94.47 lakh.

Before CIT(A), Assessee produced bills & ledger accounts from Malnad Arecanut Co-operative Society (MACOS) & CAMPCO Ltd. evidencing agricultural sales. AO in remand accepted sales of 75.30 lakh (MACOS) & 2.78 lakh (CAMPCO). However, CIT(A) confirmed addition of 9.29 lakh on the ground that Assessee failed to produce evidence for sales in local market, and further estimated 25% of agricultural receipts as expenses, thereby disallowing 13.58 lakh. Before Tribunal, Assessee argued that small-scale sales of crops like coconut, cocoa, arecanut in local markets could not reasonably be supported by bills/vouchers. Further, actual expenses were substantiated through details of fertilizer, labour, transport & fuel of 5.93 lakh, hence adhoc 25% disallowance was unjustified. Tribunal noted that u/s 44AA, agriculturists are not required to maintain books of account, and in rural settings day-to-day sale of produce is often unvouched. Revenue failed to establish any other source of income. Since agricultural sales to MACOS & CAMPCO were accepted, the balance of 9.29 lakh also had to be treated as genuine agricultural income. Similarly, adhoc disallowance of 25% of receipts had no basis, especially when actual expenses were demonstrated. ITAT directed AO to delete both additions- 9.29 lakh wrongly disallowed from agricultural receipts & 13.58 lakh adhoc disallowance of agricultural expenses. Appeal of Assessee was allowed in full.

ITAT Voids Assessment in Name of Non-Existent Company

SoftwareONE India Pvt Vs ACIT (ITAT Delhi)

The Income Tax Appellate Tribunal (ITAT) in Delhi has declared an income tax assessment against Software ONE India Pvt. Ltd. void from the beginning. The tribunal found that the assessment was framed in the name of a non- existent entity, Comparex India Private Limited, despite the fact that the company had already merged with SoftwareONE India Pvt. Ltd. and had officially notified the tax authorities of this change. The case originated from the assessment year 2020-21.

Comparex India Private Limited had filed its return of income, but an order from the National Company Law Tribunal (NCLT) dated October 14, 2022, made the company’s merger with SoftwareONE India Pvt. Ltd. effective from April 1, 2020. The assessee duly informed the Assessing Officer (AO) of this merger on March 2, 2023. However, the AO and the Dispute Resolution Panel (DRP) continued to issue their draft assessment order, directions, and final assessment order in the name of the now-defunct entity. The ITAT ruled that this procedural error was a fatal flaw that could not be cured.

The tribunal relied on a judicial precedent set by the Supreme Court in the case of PCIT vs. Maruti Suzuki India Limited, which held that an assessment framed in the name of an amalgamating company that has ceased to exist is fundamentally at odds with legal principles and cannot be sustained. The Supreme Court’s decision emphasized the need for consistency and certainty in tax litigation, stating that “participation in the proceedings by the appellant in the circumstances cannot operate as an estoppel against law.” Following this settled law, the ITAT concluded that the entire assessment was invalid. By declaring the assessment void from the outset, the ITAT allowed the company’s appeal on these grounds alone and did not need to address the other issues raised by the assessee. The decision underscores the importance of tax authorities framing assessments in the name of the correct legal entity, especially after being notified of a merger or amalgamation.

Advocates cannot be prosecuted for clients’ claims: Delhi HC Chand Mehra Vs Union of India & Ors (Delhi High Court)

The Delhi High Court has dismissed an appeal filed by Chand Mehra, upholding the decisions of the Bar Council of

Delhi (BCD) and the Bar Council of India (BCI) that an advocate is not obligated to verify the truthfulness of a client’s case before representing them. The appellant had filed a complaint against three lawyers, alleging professional misconduct for contesting a case on behalf of their clients that the appellant claimed was based on false information. Both the BCD and the BCI had previously dismissed this complaint, stating that the lawyers had no professional relationship with the appellant and that an advocate’s duty is to act on a client’s instructions, not to investigate their case. The BCI, in its order, had specifically stated that an advocate cannot be prosecuted simply because their client’s case was found to be false. The council emphasized that advocates are not to be mere “mouthpieces” but are not required to determine the authenticity of a client’s claims before representation.

The BCI relied on the Madras High Court judgment in R. Swaminathan v. Bar Council of Tamil Nadu, which supports the position that a lawyer’s role is not that of an investigator. The Delhi High Court’s single-judge bench had previously agreed with this reasoning, a decision that the appellant had challenged. The division bench upheld the single-judge’s ruling, finding no “irregularity or illegality” in the judgment. The court noted that if such a complaint were to be acted upon, it would undermine the fundamental duties an advocate owes to their client. The court affirmed that the veracity of a party’s claims is to be decided by the court in the proceedings, not by the lawyers representing them. The court also observed that the appellant had already initiated separate proceedings for perjury and fabrication of documents, which is the correct forum to address such concerns. The court concluded that no case of professional misconduct was made out and dismissed the appeal.

Section 40A(3) disallowance invalid as payments to single person per bill not exceeds Rs. 20,000

Harishkumar Mathuradas Barai V.M. Barai & Co Vs ITO (ITAT Rajkot) The Income Tax Appellate Tribunal (ITAT) in Rajkot has deleted an addition of 6,00,000 made by the tax authorities against Harishkumar Mathuradas Barai under Section 40A(3) of the Income Tax Act. The disallowance was made on the grounds that the assessee had made cash payments exceeding the statutory limit of 20,000 to a single party, V.M. Barai & Co., for the assessment year 2015-16. The ITAT’s decision was based on a prior ruling by a co-ordinate bench in a group case, Parsottam Madhavji Bhanusali v. ITO, which involved similar facts. In that case, the tribunal clarified that the provisions of Section 40A(3) apply to individual payments against a single bill, not to the aggregate of multiple payments made on the same day against different bills. The ITAT confirmed that the assessee’s payments were each below 20,000, even though they were consolidated in the books of accounts, and therefore did not attract the disallowance.

The court noted that a disallowance under Section 40A(3) is applicable only when a payment, or the aggregate of

payments made on a single day for a single bill, exceeds the 20,000 threshold. Finding no change in the facts or law from the precedent, the ITAT Rajkot concluded that the addition made by the Assessing Officer was not legally tenable. Respectfully following the binding precedent, the tribunal deleted the addition, ruling the appeal in favor of the assessee.

Updated Income Tax Return (ITR-U) – Section 139(8A): A Complete Guide

Summary: The concept of an Updated Income Tax Return (ITR-U), introduced by the Finance Act, 2022, under Section 139(8A) of the Income Tax Act, 1961, allows taxpayers to voluntarily correct errors or disclose omitted income even after the deadline for regular returns has passed. This provision aims to promote tax compliance and reduce litigation by offering a second chance to file a correct return. An updated return can be filed by any taxpayer who did not file a return, omitted income, or applied an incorrect tax rate. The time limit for filing has been extended to 48 months (four years) from the end of the relevant assessment year. The process requires taxpayers to pay an additional tax, ranging from 25% to 70% of the tax and interest due, depending on when the return is filed. However, an updated return cannot be filed to claim a refund, reduce a tax liability, or if a search or survey has been initiated by the tax authorities.

1. Legislative Background and Evolution of Updated Return (Section 139(8A) The concept of an Updated Return was introduced through the Finance Act, 2022, and became effective from April 1, 2022, by inserting Section 139(8A) into the Income Tax Act, 1961. This provision was a landmark reform aimed at fostering voluntary tax compliance and reducing the burden of litigation and enforcement on the Income Tax Department. Prior to this amendment, taxpayers had limited opportunities to correct or disclose omitted income:

   Belated Return under Section 139(4) could be filed only up to 3 months before the end of the relevant assessment year. Revised Return under Section 139(5) could be filed only up to 3 months before the end of the relevant assessment year. Once this window closed, taxpayers had no legal recourse to voluntarily disclose income unless prompted by a notice or investigation. This led to: Increased litigation. Higher compliance costs. Missed opportunities for revenue collection. Therefore, in a progressive move to enhance voluntary tax compliance and reduce litigation, the Government of India introduced the concept of Updated Income Tax Return (ITR-U) under Section 139(8A) of the Income Tax Act, 1961. This provision empowers taxpayers to rectify omissions, misreporting, or non-filing of income tax returns even after the expiry of the due dates for original, belated, or revised returns. This article provides a detailed overview of the eligibility, filing process, timelines, restrictions, and benefits associated with filing an updated return.

2. Legal Framework The provision for filing an updated return is governed by: Section 139(8A) – Enables filing of an updated return.

   Section 140B – Prescribes the computation and payment of additional tax liability arising from the updated return.

3. Who Can File an Updated Return? Any taxpayer—individual, HUF, firm, LLP, company, AOP, BOI—may file an updated return if: They did not file the original return within the prescribed time. They filed a return but omitted certain income or made errors. They wish to correct misclassification of income or wrong tax rate application. They intend to reduce carried forward losses, unabsorbed depreciation, or tax credits. The updated return can be filed regardless of whether an original, belated, or revised return was filed earlier.

4. Who Cannot File an Updated Return? An updated return cannot be filed in the following circumstances If it results in a reduction of tax liability. If it is filed to claim or enhance a refund. If the return is a loss return. If a search or seizure has been initiated under Sections 132 or 132A. If a survey has been conducted under Section 133A. If assessment, reassessment, or revision proceedings are pending or completed. If prosecution proceedings have been initiated. If an updated return has already been filed for the same assessment year.

5. Time Limit for Filing The updated return can be filed within *48 months (4 years) from the end of the relevant assessment year. *Substituted for “twenty-four” by Act No. 7 of 2025, w.e.f. 1-4-2025. Example: For Assessment Year (AY) 2025–26 (Financial Year 2024–25), the updated return can be filed until March 31, 2030.

6. Benefits of Filing an Updated Return Voluntary Compliance: Encourages taxpayers to disclose previously omitted income.

7. Avoids Penalties: Reduces risk of penal consequences and prosecution.

8. Legal Safeguard: Filing ITR-U before detection by authorities can protect against future scrutiny.

9. Extended Time Window: Offers up to 4 years to correct errors, providing flexibility. Improved Transparency:

10. Enhances trust in the tax system and promotes responsible reporting.

Conclusion: The introduction of ITR-U under Section 139(8A) marks a significant step toward a more inclusive and taxpayer-friendly regime. It provides a structured opportunity for taxpayers to rectify genuine mistakes and omissions without fear of penal repercussions, provided they comply with the prescribed conditions and timelines.

 

CHARITABLE TRUSTS UPDATES

 

By Adv. Hemant Gandhi & CA Premal Gandhi

 

Renewal of 12AB & 80G Registrations: A Crucial Compliance Milestone for NGOs Before 30th September 2025

The compliance framework for charitable organizations in India has undergone a fundamental transformation

from the FY 2021-22. Registrations under Sections 12AB and 80G of the Income-tax Act, which are the backbone of an NGO’s tax-exempt status and donor credibility, are no longer perpetual. They are now valid for a limited period of five years and must be renewed within the stipulated time frame. The next renewal cycle is fast approaching, and it is mandatory for every NGO to complete the renewal process under both sections on or before 30th September 2025 ( As all old NGO registration is expiring on 31st March 2026). Missing this deadline could prove extremely costly, as it may lead to the loss of income-tax exemptions, withdrawal of donor benefits, ineligibility for CSR funds and government grants, and even reputational setbacks.

The renewal process, while administrative in nature, brings several benefits for NGOs that are transparent and well-managed. First and foremost, it ensures the continuation of income-tax exemptions, allowing organizations to apply their income fully towards charitable purposes without tax erosion. Equally important, renewal helps sustain donor confidence. Donors, particularly individuals making larger contributions, often seek assurance that their donations will qualify for deductions under Section 80G. A valid renewal strengthens this assurance. Moreover, for organizations seeking CSR funding or government grants, renewed registrations have become a non-negotiable requirement. Companies and funding bodies are unwilling to release funds unless the NGO can demonstrate a valid and current registration. Renewal also enhances an organization’s governance image, projecting credibility and accountability to stakeholders.

On the other hand, the implications of failing to renew by the deadline are severe. If the registration lapses, the NGO’s income immediately becomes taxable, eroding funds that should otherwise be applied for charitable activities. Donors will not be able to claim deductions on their contributions, discouraging them from continuing their support. Corporate donors, who must demonstrate compliance in their CSR spending, will withdraw their funds, and government departments will disqualify the organization from grant eligibility. Beyond the financial impact, such a lapse damages the reputation of the NGO, creating doubt in the minds of both donors and beneficiaries. In some cases, it can even lead to litigation and penalties, particularly if the tax authorities disallow the application of income for past years.

While the importance of renewal is beyond question, NGOs often face several practical challenges in navigating the process. Many organizations, particularly smaller grassroots institutions, lack dedicated compliance staff. Their teams are primarily engaged in field work, leaving compliance responsibilities as an additional burden, which often results in delays and mistakes. Documentation is one of the most common and critical challenges. In numerous cases, trust deeds or memorandums of association have not been updated to reflect current legal requirements. Key clauses on dissolution, irrevocability, or application of income may be missing, exposing the organization to rejection. Similarly, financial statements are sometimes not audited in a timely manner, activity reports are incomplete, and records of trustees are not properly maintained. In some NGOs, even basic details such as PAN and Aadhaar numbers of trustees are unavailable or inconsistent with official records. This lack of proper documentation not only delays renewal but can also cause applications to be rejected outright.

Frequent changes in governing bodies add to this difficulty, especially when these changes are not formally updated with the authorities. Technical issues create yet another hurdle, as many NGOs, especially in semi-urban and rural areas, struggle with the complexities of the online Income-tax portal due to limited digital literacy or unreliable internet access. Adding to this, many organizations are simply unaware of the requirement to renew and only attempt to do so at the last moment, leading to hurried and often incomplete filings. Finally, some NGOs hesitate to engage professional advisors due to cost concerns, but this often proves to be a false economy, as poorly prepared applications can lead to rejection or long delays

The impact of these challenges is well illustrated through real-life experiences. Consider the case of “Hope for All Foundation,” a small trust dedicated to rural education. The trustees were deeply passionate about their work but had no compliance officer in place. They were unaware that renewal under 12AB and 80G was mandatory, and their trust deed contained outdated clauses that had never been amended. By the time they attempted renewal, the deadline had already passed. The result was devastating: their registration lapsed, all their income became taxable, donors lost the benefit of deductions under 80G, and a corporate partner withdrew a sanctioned CSR grant. Within months, the organization’s operations had shrunk, and its survival came under question. This case demonstrates how a lack of awareness and timely preparation can undo years of committed charitable effort.

In contrast, the experience of “Shakti Women Empowerment Society” shows the benefits of planning ahead. This NGO, which runs livelihood programs for rural women, recognized the importance of compliance and began its renewal preparations months in advance. The team updated its trust deed to align with legal requirements, compiled audited financial statements and detailed activity reports, and engaged a professional firm well before the deadline. As a result, their renewal was approved smoothly and on time. Not only did this preserve their tax exemptions and donor benefits, but it also allowed them to secure a significant CSR grant from a corporate partner who insisted on valid 80G registration. In addition, their proactive approach enhanced their reputation with donors, leading to an increase in recurring contributions. This example shows that timely preparation and professional support not only avoid compliance risks but also open doors to growth opportunities.

The contrasting experiences of these two organizations underline the importance of early action. NGOs that wish to overcome the challenges of renewal must begin preparations now. This means reviewing governing documents to ensure that clauses on dissolution, irrevocability, and application of income are legally compliant. It also means maintaining updated records of trustees, meeting minutes, and annual reports, along with ensuring that audited accounts are in place. Training at least one or two staff members to handle compliance consistently can help reduce dependence on external advisors, while still engaging professionals with NGO expertise for the renewal process ensures that applications are prepared and filed correctly. Monitoring the Income-tax portal regularly and responding promptly to notices further reduces the risk of rejection.

One of the most critical aspects of renewal, however, remains documentation readiness. Many applications fail because records are incomplete, outdated, or inconsistent. Every NGO should begin by reviewing its trust deed or memorandum of association, ensuring that essential clauses on dissolution, irrevocability, and application of income are in line with the law. It is equally important to maintain audited financial statements for the last three years, along with schedules that clearly show how income has been applied to charitable purposes. Trustee and governing body information must also be complete and accurate, with PAN and Aadhaar details readily available and consistent with official records. At the same time, detailed activity reports describing the programs undertaken in recent years should be compiled, ideally supported with photographs, brochures, or reports that demonstrate the impact of the organization’s work. Finally, NGOs must confirm that their records are consistent across all platforms, including the Income-tax portal, bank records, and internal registers, so that discrepancies do not arise during scrutiny.

Renewal under Sections 12AB and 80G is therefore much more than a legal formality. It is a vital exercise that safeguards an NGO’s ability to carry out its mission, retain the trust of its donors, and access the funds it needs to grow. The deadline of 30th September 2025 is non-negotiable. Organizations that treat it casually risk not only financial losses but also reputational harm. Those that prepare early, however, can ensure a smooth renewal process, secure their future, and reinforce their commitment to good governance and transparency. The message is clear: begin the process today, renew on time, and protect the financial and operational future of your organization.

If your NGO has not yet started preparing for renewal under Sections 12AB and 80G, the time to act is now. Review your documents, organize your records, and seek professional assistance where required. Do not wait until the last moment — the cost of delay could be far greater than the effort of timely compliance. If you are facing any challenges in renewal, you may reach us at premalpgsca.in.

 

NO GST ON INSURANCE POLICIES

Compiled by

By Mr. Tushar P. Joshi

 

The GST Council has announced a significant reform on Wednesday 03rd Sept. 2025. Announcing with aim of making insurance more affordable for everyone including common man by announcing exempting GST on individual Life & Health policies w.e.f. 22nd Sept. 2025.

This will include all Term plans, ULIPS & Traditional Endowment Plans along with all individual Health Insurance Plans, Family Floater Policies including Senior Citizens Policies.

The exemption applies to all new policies and renewals payable on or after 22nd Sept. 2025. It has brought cheer for the existing policy holders.

I have given few FAQ’S which are as below. Which will clear all the doubts.

*1. Has GST been removed on Health and Life Insurance premiums?*

      Yes. From September 22, 2025, GST on individual health and life insurance premiums has been reduced from 18% to 0% (NIL).

*2. Does this apply to both new and renewal policies?*

      Yes. The exemption applies to all new policies and renewals payable on or after September 22, 2025.

*3. What about premiums already paid before September 22?*

      If you have paid premiums (including GST) before September 22, there will be no refund. The benefit begins only after that date.

*4. Do grace period renewals qualify for GST exemption?*

      No. Payments during the grace period before September 22 will not qualify. Only premiums due on or after September 22 are GST-free.

*5. How much can I save because of GST removal?*

      Customers save up to 18% on premiums. Example: Earlier, a policy renewal of 1, 18,000 will now cost only 1,00,000.

*6. Does this reform cover all types of policies?*

      Yes. It covers individual health policies, life policies (Term, ULIP, Endowment), and family floater/senior citizen plans. Reinsurance for such policies is also exempt.

*7. Will insurers reduce premiums immediately?*

      The GST component will automatically be removed. The base premium remains the same, but the total payable amount will reduce.

*8. Does the exemption also apply to group insurance?*

      At present, the GST Council’s decision specifically mentions individual health and life insurance. Group products may not enjoy the same benefit.

*9. How it will help the general public?*

      Insurance becomes more affordable, increasing coverage for middle-class families. Overall healthcare costs will reduce, offering a double benefit.

*10. Do policy terms and conditions change due to GST reform?*

       No. Only the total premium payable changes. Policy terms, coverage, and benefits remain unchanged.

*11. Are top-up and super top-up health plans covered?*

       Yes. Since they are individual health products, they also fall under 0% GST from 22ndSeptembee2025.

*12. What about premiums paid via EMI or monthly mode?*

        The GST exemption applies to all payment modes — Yearly, Half-Yearly, Quarterly, or Monthly — as long as the due date is on/after 22ndSeptember2025.

*13.Does GST removal affect tax benefits on insurance?*

       No. Tax benefits under Section 80C (Life) and 80D (Health) remain unchanged. Customers now enjoy double benefits—lower premiums + tax savings.

*14.Will GST reforms reduce claim settlement hassles?*

       indirectly, yes. With IRDAI and the Finance Ministry tightening NHCX (Claims Exchange), consumers can expect smoother and more transparent claim processing.

*15. Will NRIs with Indian insurance policies benefit from GST removal?*

        Yes. NRIs purchasing health or life policies in India will also pay premiums without GST.

*16. Can premiums still increase in the future despite GST removal?*

        Base premiums may rise due to medical inflation or mortality risk, but the 18% GST burden is permanently removed.

*17. Does GST exemption also apply to riders (like critical illness and accident coverage)?*

        Yes. Since riders are attached to individual life/health policies, they too fall under 0% GST from September 22, 2025.

*18. What about group health insurance from employers?*

        Group corporate insurance is not included. The exemption mainly applies to retail/individual policies.

*19. Will existing ECS/auto-debit instructions automatically adjust premiums?*

        Yes. After September 22, insurers will auto-update billing and only deduct the revised premium (without GST).

*20. How will customers know if insurers passed on GST benefits?*

        IRDAI has instructed insurers to clearly show GST = 0% on premium receipts/invoices.

*21. Does GST exemption make insurance cheaper than mutual funds or deposits?*

        Yes. With 0% GST + tax benefits (80C/80D), insurance becomes one of the most cost-effective financial products.

*22. Does loss of Input Tax Credit (ITC) affect how much benefit insurers can pass on?*

        Yes. Insurers can no longer claim ITC on operational expenses, so the 18% savings may not be fully passed on, only partially.

*23. What is the actual expected benefit for policyholders after accounting for ITC loss?*

        Industry estimates suggest a net benefit of 3%–8%, depending on the insurer’s retail business volume.

*24. Will employer-provided group health insurance benefit from GST removal?*

        No. The exemption applies only to individual policies; group policies will continue to attract 18% GST.

*25. Can employers shift from group cover to individual allowances due to GST differences?*

        Yes. Experts expect a strategic shift where employers may provide allowances or reimbursements for individual policies, which are now tax-free.

*26. Will this reform push insurers to promote individual health plans more aggressively?*

        Definitely. Since retail plans are cheaper now and group plans are still taxed, insurers may focus more on individual coverage.

*27. How will this reform impact insurance penetration in India?*

        It is expected to increase health insurance adoption, especially among the uninsured “missing middle class.”

*28. Does it apply to all types of health insurance—family floaters, senior citizen plans, top-ups, etc.?*

        Yes. All individual health products—including floaters, senior citizen plans, riders, and top-ups—fall under the exemption.

*29. Are there official notices/FAQs to refer for implementation details?*

       Yes. CBIC and PIB will release official notifications and FAQs clarifying rules for renewals, multi-year policies, and billing protocols.

*30. When will we see official implementation notices?*

        the changes take effect from September 22, 2025, and official notifications are expected soon thereafter.

*31. Can health insurance premiums still rise in the future despite 0% GST?*

        Yes, they may rise due to factors like medical cost inflation, but the GST component will be permanently removed.

I hope this will clear all your doubts.

 

56th GST Council Meeting Updates

Compiled by

By Mr. Pankaj Pallod

 

The latest GST Council meeting—the 56th—was held in New Delhi on September 3, 2025. The meeting focused on next-generation reforms, simplifying the GST structure and providing significant relief to taxpayers and businesses across sectors.

Core Decisions

• GST Rate Rationalisation: The Council approved a simplified two-slab GST structure—most goods and services will now fall under either the 5% or 18% tax rates. The previous 12% and 28% slabs have been removed. A 40% slab will apply only to luxury and sin goods like tobacco, pan masala, premium bikes, yachts, etc.

• Effective Date: These changes will take effect from September 22, 2025, except for tobacco and tobacco products.

  Reduction in Rates and Relief

• Many daily essentials like milk, paneer, butter, medicines, noodles, and chocolates have been moved to the 5% slab or made tax-free, reducing household expenses.

• Baby products such as bottles and diapers are now in the lower bracket.

• Electronics and household appliances (TVs, washing machines, air conditioners, projectors) earlier taxed at 28% are now taxed at 18%.

• Small cars and two-wheelers with engine capacity below 350cc now fall under the 18% slab.

• Travel and hospitality: Budget hotel stays and eating out are now taxed at 5%. Economy air travel remains at 5%, and business class is down to 12%.

Insurance and Compliance

• Life and health insurance premiums are now exempted from GST, making them more affordable for families.
• Pre-filled GST returns and automated GST refunds are being rolled out to ease compliance, especially for small taxpayers and e-commerce sellers.

Industry-Specific Corrections

• The inverted duty structure for sectors like textiles and fertilizers has been corrected. GST on manmade fiber and yarn, and fertilizers like sulphuric/nitric acid and ammonia, now stands at 5% instead of earlier higher rates.
• Renewable energy devices and parts have GST reduced from 12% to 5%.
• Beauty and physical well-being services like gyms, salons, and yoga centres now have reduced GST at 5%.

Trade Facilitation Measures

• GST will now be levied on the Retail Sale Price (RSP) instead of transaction value for pan masala, gutkha, cigarettes, and tobacco.

Key GST Rate Changes

• Two-Slab Structure: Most goods and services now fall under 5% (merit rate for essentials) and 18% (standard rate). The previous 12% slab has been removed.
• 40% Slab: Luxury and “sin” goods—such as tobacco, pan masala, premium vehicles, and yachts—are now taxed at 40%. Compensation cess for these items will be discontinued.
• Zero rated/Nil GST: Life and health insurance, paneer, Indian breads, and several life-saving drugs have been moved to the 0% (nil) tax bracket.
• Household Items: Major household appliances (TVs, ACs, washing machines), previously taxed at 28%, now come under the 18% slab.
• Baby Products: Goods like baby bottles and diapers shifted to the 5% bracket.
• Renewable Energy: GST on renewable energy devices and parts reduced from 12% to 5%.
• Agriculture Sector: Diesel engines for irrigation and tractors now attract 5% GST instead of 12%, benefiting farmers.
• Hospitality and Travel: Budget hotels and eating out are now taxed at 5%, business class air travel at 12%.
• Textiles & Fertilizers: Rate reductions and duty structure corrections were announced, with most items moving to 5% and 18%. 

Effective Dates

• All Rate Changes (except tobacco/pan masala): Effective from September 22, 2025, coinciding with the first day of Navratri.
• Tobacco/Pan Masala: Effective date to be notified separately.

These changes significantly reduce the tax burden on everyday goods, insurance, and several key sectors starting from September 22, 2025.

Which goods moved to 5% 18% or 40% and list major exceptions

After the latest GST Council meeting, goods were reclassified into the 5%, 18%, and 40% tax slabs with key exceptions. Here’s a concise list of major items under each bracket and notable exceptions.

Goods Moved to 5% Slab

• Daily essentials: milk, paneer, butter, cheese, ghee, condensed milk, noodles, pasta, jam, mayonnaise, packaged juices, bhujia, namkeen, potato chips.

• Health: diagnostic kits, most medicines and drugs, medical grade oxygen, anaesthetics, potassium iodate, wadding, bandages.

• Personal care: shampoo, hair oil, shaving cream, soap (bars/cakes), talcum powder, tooth powder, toothpaste.

• Baby products: feeding bottles, diapers, napkins, baby wipes.

• Handicrafts and eco-products: wood/cork/jute handicrafts, biodegradable bags, umbrellas, hats, handmade shawls.

• Transportation: bicycles, cycles.

• Renewable energy devices and parts.

• Electric vehicles (2W, 3W, 4W).

Goods Moved to 18% Slab

• Major household appliances: TVs, air conditioners, refrigerators, washing machines, vacuum cleaners, microwave ovens, food grinders, and electric cooking appliances.

• Automobiles: small cars, two-wheelers up to 350cc, scooters, mopeds, ambulances, buses, trucks, three- wheelers.

• Lighting fittings and fixtures, auto parts, tractor parts.

• Cement (all types).

• Coal, lignite, peat, biodiesel (other than supply to OMCs for blending).

• Goods Moved to 40% Slab

• “Sin” and luxury goods: tobacco and manufactured substitutes, pan masala, aerated drinks, premium motorcycles above 350cc, SUVs, luxury cars, private jets, yachts, revolvers and pistols.

Major Exceptions (Moved to Nil/0% or Special Status)

• Life and health insurance premiums.

• Select medicines, Indian breads, glass bangles (without gold/silver), pencils, crayons, exercise and notebooks.

• Some agricultural products like manmade fibre, yarn, and fertilizers.

This restructuring aims to make essentials and goods for the common man cheaper, with luxury and demerit goods facing the highest tax.

 

SPREE – ESIC Updates

Compiled by

By CA Aloke R. Singh

 

SPREE 2025- A UNIQUE GATEWAY PROVIDED BY ESIC

SPREE 2025, also known as the Scheme for Promotion of Registration of Employers and Employees, is a special initiative by the Ministry of Labour & Employment, Govt. of India, through the Employees’ State Insurance Corporation (ESIC), aimed at expanding social security coverage. It offers a one-time opportunity for unregistered employers and employees, including contractual and temporary workers, to enrol in the ESI system without facing penalties or demands for past dues. The scheme is active from July 1 to December 31, 2025.

Key features of SPREE 2025:

Voluntary Registration: Employers can digitally register their units and employees through the ESIC portal.

No Retrospective Penalties: Registration is considered valid from the date declared by the employer, and no contributions or benefits apply for periods prior to registration.

No Inspections for Past Periods: No inspections or demands for past dues will be made for the pre-registration period.

Focus on Inclusion: The scheme specifically targets unregistered employers and workers, including those in contract and temporary roles, to bring them under the ESI fold.

Simplified Process: The scheme aims to simplify the registration process and encourage voluntary compliance by removing the fear of retrospective penalties.

Benefits of SPREE 2025:

Expanded Social Security Coverage: Brings more employers and workers under the ESI system, increasing access to healthcare and social security benefits.

Reduced Burden on Employers: Eliminates the risk of past dues and inspections, making it easier for employers to comply with ESI regulations.

Protection for Employees: Ensures that more workers, including those in informal sectors, can access ESI benefits such as sickness benefits, maternity benefits, and disability benefits.

In essence, SPREE 2025 is a proactive measure by ESIC to promote wider participation in the ESI scheme by offering a user-friendly and risk-free registration process for those who were previously not covered.

 

What is SPREE 2025?

SPREE 2025 is a one-time special initiative by ESIC to encourage self-registration of unregistered employers and those who have not registered all eligible employees with ESIC.

Duration: 1st July to 31st December 2025

Objective: Expand social security coverage under the ESI Act without any contributions, penalties and legal action for the previous period.

Who can Benefit?

Employers:

• Those with factories or establishments [shops, hotels & restaurants, cinema halls, Road Motor Transport Establishments, Newspaper Establishments, Private Medical Institutions, educational institutions and contract & casual employees of municipal corporations) with 10 or more persons in ESIC implemented areas.

• Who haven’t registered all eligible employees

How to Register?

Visit: www.esic.gov.in

For more help visit: https://portal.esic.gov.in/ESIClnsurance1/ESIClnsurancePorta1/Employer_Employee_registration_through_portal.pdf

Shram Suvidha Portal: https://registration.shramsuvidha.gov.in/user/register

MCA Portal: www.mca.gov.in

Key Benefits for Employers

Hassle- free registration process.

• Online Registration via ESIC Portal, Shram Suvidha or MCA

• Without any demand for contribution of previous period and without any penality

• Production of any records and inspection for the prior period is not required.

• No legal action for the previous period.

Employees:

• Avail the social security benefits under ESI Act from the date of registration.

• Medical Care- Primary, Secondary and Tertiary medical benefit for self and family.

• Cash benefits for sickness, maternity and injury or death during the course of employment

• Reservation of seats in ESIC medical/dental colleges under ward of IP scheme

Coverage Date

Coverage of employer will commence on the date specified by the employer.

Don’t miss opportunity

Register today for your peace of mind and to ensure a secure and protected future for your workforce and their families.

  

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	Members can make online payment on our website www.gstpam.org. Members are requested to download Members Renewal form from website. Update the latest details in the form, scan it and mail at [email protected] Payment Link: https://www.gstpam.org/online/renew-membership.php If you are login first time? Click here for create your password

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

Dated:- 18.07.2025

Rahul Thakar

Sunil Joshi

Hon. Jt.Secretary

 

 

ORDER FORM FOR GSTPAM REFERENCER 2025-26

(Members are requested to take out the photocopy of the Order Form for booking)

  

To

The Convenor,

GSTPAM Referencer Committee

The Goods & Services Tax Practitioners’ Association of Maharashtra Room No. 8 & 9, Mazgaon Tower, Mhatar Pakhadi Road,

Mazgaon, Mumbai – 400 010

 

Dear Sir,

Please book my/our order of GSTPAM Referencer for the year 2025-26 as given below.

 

Sr.	Particulars	Price per copy if booked prior to 05th August 2025	Price per copy if booked after to 05th August 2025	Qty	Total RS.
1	GSTPAM Referencer 2025-26 Part I & II (GST, VAT & Allied Law Referencer & Updated GST Rate schedules).	700	750
2	Courier Charges (For Outstation members only) (per set)	130	130
3	Courier Charges (For Local members only) (per set)	110	110

Note:

1. Referencer will be published in Part I & II (for GST, VAT & Allied Laws Referencer & Updated GST rate schedules).

2. Applicants requiring more than 5 copies of the Referencer are required to give a request on their letter head along with the order form. Tax Practitioner’s Associations can place order in bulk quantity by making request on their letterhead signed by the Association’s President and Secretary.

3. Applicants will be issued receipt at the time of placing of their order. Applicants are requested to bring receipt at the time of taking the delivery of the Referencer. No delivery of the Referencer shall be given, unless the receipt for payment is submitted at the counter. If the receipt for payment is lost, than no delivery of the Referencer shall be given.

 

The payment for the above order of……………………………………………………………………………….

……………………………………………………………………………………… (Rupees in words) is made

herewith by Cash /Card /Cheque /Demand Draft No. ………….…………… dated ……….………………

drawn on……………………………………………… Bank  ……….……………………….………………Branch, Mumbai.

Signature …………………………….

Membership Number………………………….. Address.………………………………………………………

Name ……………………………………… …………………………………………………………………….. 

……………………………………………… ……………………………………………………………………..

Office Tel No…………………………………… Residence Tel No……………………………………………

E-mail: …………………………………………. Mobile No.…………………………………………………

PROVISIONAL RECEIPT

Received with thanks payment of. ………………… from vide

Cash /Card /Cheque /NEFT/Demand Draft No. …………………………. Date drawn

on………………………………………………… Bank …………………………………… Branch, Mumbai. Signature ……………………………

Date…………………………………. Name of staff of GSTPAM…………………… Note:

*Please fill in all the details in the above form and send the same to the GSTPAM’s office at Tower or at Mazgaon library along with requisite payment.

*For Direct Deposit / NEFT payment – Bank of India, Mazgaon – Account No. 007020100001817, IFSC Code – BKID0000070. Acknowledgement of the same should be sent by email: [email protected] along with duly filled form.

*Online Payment Link : https://www.gstpam.org/online/purchase-publication.php

*Please mention your name and membership number on the reverse side of the Cheque / Demand Draft.

*The counter timings are from 10.30 a.m. to 5.30 p.m. on Monday to Friday.

*The Cheque / DD should be drawn in the name of “THE GOODS AND SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA

 

THE GOODS & SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA

INTENSIVE STUDY COURSE CIRCULAR FOR THE YEAR 2025-26

Dear Professional Colleagues,

In GST, change is the only constant. With frequent amendments, evolving jurisprudence, and continuous clarifications through Circulars and Notifications, professionals are constantly expected to update, relearn, and adapt. The rapid pace of legislative and procedural changes, coupled with practical implementation challenges, underscores the importance of staying updated and well-informed.

Recognising this need, our Association has been regularly organising Intensive Study Circle (ISC) meetings as a platform for members to engage in in-depth discussions on complex and evolving issues under GST. These sessions aim not only to keep members abreast of the latest legal developments but also to provide a space for sharing practical experiences and resolving interpretational challenges.

Each ISC session is led by a Group Leader – a member who initiates and steers the discussion on the chosen topic. The deliberation is further enriched under the guidance of a Senior Professional, who moderates the discussion and offers insights drawn from years of experience.

Sessions are held virtually, usually on Fridays between 4:30 p.m. to 7:00 p.m., making it accessible to members across locations. Around 12 ISC sessions are planned for the academic year 2025-26.

The inaugural session of Intensive Study Circle will be held on Saturday, 23-08-2025 between 10:00 a.m. &01.00 p.m. via virtual mode on the subject “RCM on Government Services – Interpretations, Issues & Insights”. The discussion will be led by CA. Umang Talati and monitored by CA. Deepak Thakkar.

The Annual Fee for subscription to the ISC 2025-26 is as follows:

• Members: Rs. 1,650/- + Rs. 297 (GST) = Rs. 1,947/-

• Non-members: Rs. 2,100/- + Rs. 378 (GST) = Rs. 2,478/-

• Payment link: https://www.gstpam.org/online/event-registration.php

We invite all of you to subscribe to the ISC sessions and take full advantage of this initiative aimed at true knowledge sharing. Let’s build a community where thoughtful dialogue drives professionalgrowth!

Any member interested in leading any group discussion is requested to inform us through the Enrolment Form and

contact the Convenor’s on Cell No. 9833892635 /9821121433/ 9860231333. Notes:

1. Every attempt will be made to share the case studies / study material with the participants in advance.

2. Participants are requested to study the case studies / study material / relevant provisions to be discussed on the day of the meeting, which will be helpful in better participation and a fruitful discussion.

 

Deepali Mehta/ Dilip Nathani/ Anvesh Vakharia Co-Convenors

Aditya Surte  Chairman

 

 

Enrollment Form for Intensive Study Circle Meetings for the Year 2025-26

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 2025-26. The Registration fees of Rs.1,947/- (for members) / and Rs.2,478/- (for non-members) 18% Including GST is enclosed herewith by Cash /DD / Cheque No. __________________________ dated __________________________  drawn on __________________________                    

Particulars of Member/Participant :

Name: ___________________________________________________________________
Educational Qualification: ____________________________________________________
Address for Communication:__________________________________________________
Telephone No. Office : __________________________ Res. ________________________
Email ID : _____________________________Mob. No,_____________________________
GSTPAM Membership No: ____________________________________________________
GSTIN (if Applicable): _______________________________________________________
Which is your preferred mode of attending the ISC Meeting?

a) In-Person   b) Virtual Mode   c) Hybrid Mode

Which is your preferred day and time for attending the Meeting?

a) Friday, 4.30 pm to 7.00 pm     b) Saturday, 10.30 am to 1.00 pm

I also wish to be a group leader for the subject of _________________________ and
suitable available date will be :_____________________                   

Signature                

Note :-

• Please issue the Cheque in favour of ”The Goods & Services Tax Practitioners’ Association of Maharashtra” (FULL NAME IS REQUIRED TO BE STATED ON THE CHEQUE AS PER RBI DIRECTION).
• For NEFT payment – Bank of India, Mazgaon- Account No. 007020100001816, IFSC – BKID0000070. Acknowledgement generated through online transaction should be emailed on [email protected] along with Enrolment Form and payment details.
• Online Payment Link: https://www.gstpam.org/online/event-registration.php
• Outstation members are requested to make payment online payment.
• The enrollment form along with payment proof should be submitted at Room No. 104, Vikrikar Bhavan, Mazgaon, Mumbai – 400010.
• Kindly carry the receipt of payment to attend the Lecture.
• The Association reserves the right to change and alter the schedule if required.

 

CIRCULAR FOR 50TH RESIDENTIAL REFRESHER COURSE, ANANTA SPA & RESORT, PUSHKAR, AT RAJASTHAN

50th RESIDENTIAL REFRESHER COURSE

Ananta Spa & Resort, Pushkar, At Rajasthan

Thursday 29th January,2026 to Sunday 1st February,2026

The Residential Refresher Course Committee is pleased to announce its 50th Residential Refresher Course (RRC) on GST at Rajasthan, the largest state of India, is known for its desert landscape, historic forts, palaces, and vibrant culture. It is home to the Thar Desert and cities like Jaipur, Udaipur, and Jodhpur, rich in heritage and architecture. The state is also famous for its folk music, dance, handicrafts, and wildlife sanctuaries.

The object of RRC is to share the essence of professional experience and expertise of the faculties they have gained over the years and where members can study in a fresh atmosphere and rejuvenate.

The topics selected for RRC will cover an in-depth and practical understanding of GST Law and the challenges faced in the GST era. In addition, the Delegates can seek views from seniors on issues they are facing regarding the interpretation of the law and practical difficulties. GSTPAM has been instrumental in pioneering academic module and best practices over the years. This year, GSTPAM is introducing a modernized format of Vedic Style Debate and discussion (Vaad Samvaad), taking inspiration from Legendary debates mentioned in Nyaya sutra and other Upanishads, The Vaad Samvaad will be held for the first time to give participants a holistic view of a burning topic.

We are proud to state, that the concept, design and adaptation of Vaad Samvaad is an original creation of GSTPAM, just like several other path breaking academic programs like NRRC are conceptualized and coined by GSTPAM and has been successfully replicated across the State.

Pushkar, located in Rajasthan, is a sacred town famous for the Pushkar Lake and the Brahma Temple, one of the very few temples dedicated to Lord Brahma. It is renowned for the annual Pushkar Camel Fair, attracting tourists and traders from across the world. Surrounded by the Aravalli hills, Pushkar offers an exotic blend of beauty spirituality, culture, fun activities, and vibrant local markets. The resort chosen has also considered the high standards of comfort and culinary delights alongside a rousing academic discourse.

 

Dates: Thursday 29th January, 2026 to Sunday 1st February, 2026.

Venue: Ananta Spa & Resort, Pushkar, At Rajasthan.

Distance: – Jaipur Airport 130 kms. / Kishangarh Airport and Ajmer

Railway Station ~25 kms

The RRC includes 3 Nights – 4 Days accommodation on a double occupancy basis and the course material. The Package will start from Lunch on 29th January, 2026 and end with breakfast on 1st February, 2026.

 

Details of Study Programme

Paper 1
Topic: Taxing for a Cause: GST Regime’ s Influence on Co-operative, Charitable, Religious and Not for Profit Organizations	Paper Writer: CA Aditya Khandelwal,	Chairperson: CA, Vikram Mehta,
Paper 2
Topic: Respond, Defend, Prevail: Case building strategies from SCN to Litigation	Paper Writer: Manohar Samal, Adv	Chairperson: Vinayak Patkar, Adv
GST Treatment of Post-Sales Discounts: ITC Adjustment Allowed or Not Allowed?	Vaad Samvaad Team	Nyãyadhyaks.a (Chief Judge) C. B. Thakar, Adv Paks.a Sabhãpati (Proposition Chairperson) CA Ashit Shah Paks.a Sabhãpati ( Opposing Chairperson) N. V. Tapre, Adv Paks.a Vãdins (Proposition Debaters)*/ Pratipaks.a Vãdins (Opposing debaters) * Raj Khona, Aditya Surte, Umang Talati, Deepak Joshi * Placement of the debaters will be by draw
Brain Trust Session	Moderator CA Pranav Kapadia	Trustees Nikita Badheka, Adv CA Deepak Thakkar CA Mayur Parekh Milind Bhonde, Adv Dinesh Tambde, Adv Eminent Panelist* * Subject to Confirmation

*Particular role will be selected vide a draw

Details of Sightseeing Programme

For Ladies Delegates	For All Delegates
Sai Mandir	Marble Snow Yard – Kishangarh
Savitri Mata Mandir Via Rope way	Desert Entry + Paid Desert Safari
	Brahma Mandir Darshan
	Exclusive Ghaat Aarti

*Program may be subject to change at the discretion of the RRC Committee.

Details of Enrollment Fees

Sr.no	Enrollment Fees	Amount	GST18%	Total
DELEGATE FEES FOR MEMBERS
1	Fees Paid on or before 15/10/2025	Rs.22,500/-	Rs.4,050/-	Rs.26,550/-
2	Fees Paid on or after 16/10/2025	Rs.25,000/-	Rs.4,500/-	Rs.29,500/-
3	For Child (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-
DELEGATE FEES FOR NON–MEMBERS
1	Fees Paid on or Be fore 15/10/2025	Rs.25,000/-	Rs.4,500/-	Rs.29,500/-
2	Fees Paid on or after 16/10/2025	Rs.27,500/-	Rs.4,950/-	Rs.32,450/-
3	For Child (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-

Notes: –

1. In case of cancellation, the refund will be at the discretion of the RRC Committee, the same shall be refunded after completion of event.

2. Hotel Check-in Time is 02.00 PM, and Check out Time is 11.00 AM. Early Check-In and Late Checkout will be subject to availability.

3. Delegates joining late or leaving early in RRC should inform the Convenor / Office Bearers well in advance.

4. All delegates are requested to carry their AADHAR, Driving License, Election Card, and Passport for Photo & Address identification (Any Two) for Train or Air Travel. In addition, members are requested to send a Xerox copy of his/her photo ID with address proof along with Enrollment Form.

5. Delegates are advised to carry their medical kit with them.

6. Room Service and items other than provided for in the Hotel package will have to be paid Directly in Cash separately by the Delegates to the hotel.

7. Tea/Coffee makers are placed for consumption in all the rooms.

8. Delegates are strictly requested to deposit room keys at the reception counter on leaving.

9. Members are compulsorily requested to keep their Govt. issued Id Cards during all sightseeing programs.

10. Allotment of Room shall be at the sole discretion of the RRC Committee only.

11. The RRC Committee shall endeavor who follow the program as published. Committee retains discretion to make any changes as may be required.

12. The Climate shall be Cool in January; Members are requested to carry warm Clothes along with them.

13. Members who enroll for RRC have to renew their Membership for the year 2025-26 before registering for the event; otherwise, they will be treated as Non-Member.

The Goods & Services Tax Practitioners’ Association of Maharashtra

Parth Badheka President	Sachin Gandhi Chairman	Aditya Seema Pradeep Convenor
9819081103	9821482020	7507285285

Suggested Train Details from Mumbai to Ajmer on Wednesday, 28th January 2026.

From	To	Train Number	NAME	Departure Time	Arrival Time
Bandra	Ajmer	12995	BDTS AII SF Exp	17.05	10.05
Bandra	Ajmer	14702	ARAVALI EXP	21.00	14.10
Pune (originating from Mysore) Beneficial for Western Mah Covering Sangli-karad-satara- etc	Ajmer	16210	AJMER EXPRESS	18.45	14.35

Train Details from Ajmer to Mumbai Sunday, on 1st February 2026.

From	To	Train Number	NAME	Departure Time	Arrival Time
Ajmer (originating from Chandigarh)	Bandra	22452	CDG BDTS EXP	16.00	07.35
Ajmer	Bandra	14701	ARAVALI EXP	12.05	06.15
Ajmer	Dadar	12990	AII DDR SF Exp	20.05	12.05

Suggested Flight Details from Mumbai and Pune to Jaipur (Goa) on 29th January 2026.

From	To	Flight Number	Airline Name	Departure Time	Arrival Time
Mumbai	Jaipur	6E 5052	IndiGo	05.10	06.45
Mumbai	Jaipur	IX 1069	Air India Express	07.05	06.45
Mumbai	Jaipur	6E 5281	IndiGo	08.40	10.25
Pune	Jaipur	6E 819, 6E7145	IndiGo	04.50	12.10

Suggested Flight Details from Ajmer (Kishangarh) to Mumbai and Pune on 1st February, 2026.

 

From	To	Flight Number	Airline Name	Departure Time	Arrival Time
Kishangarh	Mumbai	6E 7402, 6E132	IndiGo	17.00	21.45
Jaipur	Mumbai	6E 5324	IndiGo	18.20	20.10
Kishangarh	Pune	S5 201	Star Air	14.20	16.05

Note: Pick up and Drop for the above travelers will be by Bus and subject to a minimum group of 25 pax. Further details will be provided after booking details are received.

For ease of booking and better coordination, an Independent Dedicated Booking Desk has been provided: Hari Om Travels, Mob No 9820600082. For coordinated bookings of trains or flights as the case may be, Members may contact the above directly for bookings if they so desire. Please note, this facility is optional.

GSTPAM holds no responsibility towards the booking assistance.

 

ENROLMENT FORM for

50th RESIDENTIAL REFRESHER COURSE Ananta Spa & Resort, Pushkar, At Rajasthan

Thursday 29th January, 2026 to Sunday 1st February, 2026

 

To,

The Convenor,

Residential Refresher Course Committee,

The Goods and Services Tax Practitioners’ Association of Maharashtra, 8 & 9,MazgaonTower,21,Mhatar Pakhadi Road,

Mazgaon, Mumbai-400010.

Dear Sir,

Kindly enroll me/us as the delegate(s) for the 50th RRC to be held at Ananta Spa & Resort, Pushkar, At Rajasthan between Thursday 29th January, 2026 to Sunday 1st February, 2026.

My relevant details are as under-

 

 

 

 

 

 

 

Delegate Fees:

The fees include 3 Nights – 4 Days accommodation with the course material. The enrollment Fees are as under:

 

Sr.no	Enrollment Fees	Amount	GST18%	Total
DELEGATE FEES FOR MEMBERS
1	Fees Paid on or before 15/10/2025	Rs.22,500/-	Rs.4,050/-	Rs.26,550/-
2	Fees Paid on or after 16/10/2025	Rs.25,000/-	Rs.4,500/-	Rs.29,500/-
3	For Child (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-
DELEGATE FEES FOR NON–MEMBERS
1	Fees Paid on or Be fore 15/10/2025	Rs.25,000/-	Rs.4,500/-	Rs.29,500/-
2	Fees Paid on or after 16/10/2025	Rs.27,500/-	Rs.4,950/-	Rs.32,450/-
3	For Child (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-

Member means a member of The Goods and Services Tax Practitioners’ Association of Maharashtra along with his/her Spouse and Children only. A member who enrolls for RRC has to renew the Membership for 2025-2026 before enrolling for the event.

Details of Payment

Cheque / D.D.No……..………… Bank……………………..…………………………..…….

Branch…………….………Dated……………….NEFT details………………………………….

Bank details of GSTPAM are as under:

Bank:-Bank of India

Name:- The Goods & Services Tax Practitioners’ Association of Maharashtra Branch:-Mazgaon, Mumbai

A/c No. :- 007020100001816 – Current A/c

IFSC Code:-BKID0000070

Notes:-

1. Acknowledgment generated through online transactions should be emailed to [email protected] along with Enrollment Form and payment details.

2. Online Payment Link : https://www.gstpam.org/online/event-registration.php

3. Please issue the Cheque in favor of ‘‘The Goods & Services Tax Practitioners’ Association ofMaharashtra’’

   (FULL NAME IS REQUIRED TO BE STATED ON THE CHEQUE AS PER RBI DIRECTION).

4. Please tick/fill in the appropriate boxes.

5. All delegates are requested to carry their AADHAR, Driving License, Election Card, and Passport for Photo & Address identification (Any Two) for Train or Air Travel. In addition, members are requested to send Xerox copy of his/her photo ID with address proof along with Enrollment Form.

6. Booking for RRC will be accepted and confirmed only on payment of full delegate fees.

7. Please attach your Travels details with the enrollment form and email to [email protected].

    

CIRCULAR FOR 4th BATCH OF GST BEGINNERS CERTIFICATE COURSE IN MARATHI FOR THE YEAR 2025-26

 

Dear Members,

We are happy to announce that “4thBatch of GST Beginners Certificate Course in Marathi” will commence on

3rd October 2025 in Hybrid mode.

Details of Coaching Class are as under

Virtual : Zoom Platform

Enrollment Fee : Rs.1499/-(Incl GST) for all participants

Salient Features of the Coaching Class:

1. The object of the Coaching Class is to train and groom the new entrants or would be entrants in Indirect Taxes Practice particularly in GST in Marathi Language in a very professional manner. Our well-known seniors not only teach what is written in the books but also share the essence of their professional experience which they have gained over the years. This can be of enormous help and use to the new entrants. Here, students not only get knowledge but also wisdom by interacting with the seniors.
2. Our expert faculties will provide notes on the respective topics.
3. It has been now more than 8 years of implementation of GST, the classes will help the member and students to solve their doubt.
4. The classes would be conducted, having “Twenty” Coaching Sessions. Also, the participants would be given case studies for the practical experience.

The “Coaching Class” of our Association is one of the best places where the subject of GST In Marathi can be learnt in a very professional manner. Our Coaching Classes are so popular that apart from new entrants, many members who are not new, but whose craving for perpetual learning is very strong, enroll every year. You are, therefore, requested to enroll yourself or send your juniors and/or staff members without fail and enroll them at the earliest to avoid disappointment.

The enrollment form can be obtained from the Mazgaon Library or can be downloaded from GSTPAM’s website at www.gstpam.org

 

Thanking you, Yours Faithfully,

 

Adv. Parth Badheka	Shri. Sunil Joshi	Shri. Sunil Deshmukh & Shri. Hemant Walkar
President	Chairman (M.No. 9821540031)	Co. Convenors (M.No. 9823033316) (M.No.9422632686)

 

THE GOODS & SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA ENROLMENT FORM FOR 4th BATCH OF GST BEGINNERS CERTIFICATE COURSE IN MARATHI FOR THE YEAR 2025-26

 

 

To, Convenor,

Marathi Coaching Class Committee

The GSTPAM, Mazgaon, Mumbai – 400 010.

 

Dear Sir,

Please enroll me as a participant for the 4th Batch of GST Beginners Certificate Course in Marathi for the year 2025-26 on Virtual Mode. The Registration fees of Rs.1499/- including GST for Members and Non- Members is enclosed herewith by Online/Cash /DD / Cheque No . ________________dated _____________drawn on

Particulars of Member/ Participant :

Name: _________________________________________________________________________
Educational Qualification: ________________________________________________________
Address for Communication: ______________________________________________________
Telephone No. Office : __________________________ Res. ______________________________
Email ID : _____________________________Mob. No.___________________________________
GSTPAM Membership No: _________________________________________________________
GSTIN (if Applicable): ______________________________________________________________
Professional/Student ________________
Signature________________         

Note:

• Deserving Interested Candidate will get a chance to participate in a Mega Moot Court Competition organised by GSTPAM

• Please issue the Cheque in favour of ‘‘The Goods & Services Tax Practitioners’ Association of Maharashtra’’ (FULL NAME IS REQUIRED TO BE STATED ON THE CHEQUE AS PER RBI DIRECTION).

• For NEFT payment – Bank of India, Mazgaon- Account No. 007020100001816, IFSC – BKID0000070.

• Acknowledgement generated through online transaction should be emailed on [email protected] along with Enrolment Form and payment details.

• Online Payment Link: https://www.gstpam.org/online/event-registration.php

• Outstation members are requested to make payment online payment.

• The enrollment form along with payment proof should be submitted at Room No. 104, GST Bhavan, Mazgaon, Mumbai – 400010.

• The Association reserves the right to change and alter the schedule if required.

 

CIRCULAR FOR 3rd BATCH OF GST BEGINNERS CERTIFICATE COURSE ON GST IN ગુજરાતી FOR THE YEAR 2025-26

Dear Members, 

We are happy to announce that “3rd Batch of Beginners’ Certificate Course on GST in ગુજરાતી language” will commence on 17th of November 2025 in Virtual mode.

Details of Beginners Course are as under

Virtual : Zoom Platform

Enrollment Fee : Rs.1,540/- (Inclusive GST) for all participants

Salient Features of the Beginners Course

1. The object of the Beginners Course is to train and groom the new entrants or would be entrantsin GST in Gujarati Language. Our well known seniors not only teach what is written in the books but also share the essence of their professional experience which they have gained over the years. This can be of enormous help and use to the new entrants. Here, students not only get knowledge but also wisdom by interacting with the seniors.

   તમામ સત્રો તમામ સંબંધિત વિષયોને આવરી લેતા ગુજરાતી ભાષામાં હશે. સત્રો અનુભવી પ્રેક્ટિશનરો દ્વારા હાથ ધરવામાં આવશે. અહીં, વિદ્યાર્થીઓ સિનિયર્સ સાથે વાતચીત કરીને માત્ર જ્ઞાન જ નહીં પરંતુ સમજ પણ મેળવે છે.

2. Our expert and experienced faculties will cover all important aspects of the respective topics with guidance on legal and practical aspects.

   અમારા નિષ્ણાત અને અનુભવી શિક્ષકો સંબંધિત વિષયોના તમામ મહત્વપૂર્ણ પાસાઓને કાયદાકીય અને વ્યવહારુ પાસાઓ પર માર્ગદર્શન સાથે આવરી લેશે.

3. With more than 8 years of GST implementation, the classes will help the participants to solve their doubts and understand the nuances of the law.

   GST અમલીકરણના 8 વર્ષથી વધુ સમય સાથે, વર્ગો સહભાગીઓને તેમની શંકાઓ દૂર કરવામાં અને કાયદાના સૂક્ષ્મ ભેદ સમજવામાં મદદ કરશે.

4. The classes would be conducted, having “Twenty Five” Beginners Course Sessions of one and a half hour each. Also, the participants would be given case studies for the practical experience.

   આયોજિત વર્ગોમાં પ્રત્યેક દોઢ કલાકના “પચીસ” કોચિંગ સત્રો હશે. ઉપરાંત, સહભાગીઓને વ્યવહારુ અનુભવ માટે કેસ સ્ટડી આપવામાં આવશે.

The “Beginners Course” of our Association is one of the best places where the subject of GST can be learnt in Gujarati language. This being the Third year, we are excited to have the participants onboard and have interaction in native language. You are, therefore, requested to enroll yourself or send your juniors and/or staff members without fail and enroll them at the earliest to avoid disappointment.

The enrollment form can be obtained from the Mazgaon Library or can be downloaded from GSTPAM’s website at www.gstpam.org

Thanking you, Yours faithfully,

Adv. Parth Badheka President

CA Jatin Chheda Chairman

CA Viral Chheda & Adv. Kinchit Shah Co. Convenors

વધુ વિગતો માટે, કૃપા કરીને www.gstpam.org ની મુલાકાત લો અથવા સંપર્ક કરો:

સીએ. જતીન છેડા, Chairman (9821449090)

સીએ. વિરલ છેડા, Co. Convenor (9821552436)

ઍડ. કિંચિત શાહ, Co. Convenor (9820634356)

 

THE GOODS & SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA ENROLMENT FORM FOR 3rd BATCH OF GST BEGINNERS CERTIFICATE COURSE IN ગુજરાતી FOR THE YEAR 2025-26 

Virtual : – Zoom Platform

Enrolment Fee :– Rs.1,540/-(Inclusive 18%GST) for all participants.

Date :– Monday, 17th November, 2025 onward

Name of the participant

…………………………………………………………………………………………………..

GSTPAM Membership Number……………………..

GSTTIN of Member……………………………………

Professional/Student……………………….

Address

……………………………………………………………………………………………………………………

Telephone:(O)………………..……………..®………………………..

E-mail ……………………………………………Mobile No. ……………………….…………………

Amount: Rs. …………………………………….Cheque No. …………………………

Bank……………………………………………… Branch……..…………………..

Dated………………………

Participant Details:

E-mail ……………………………………………Mobile No.…………………………

WhatsApp No. …………………………………….

Signature…………………….

Note:

• Deserving Interested Candidate will get a chance to participate in a Mega Moot Court Competition organised by GSTPAM

• Please issue the Cheque in favour of ‘‘The Goods & Services Tax Practitioners’ Association of Maharashtra’’ (FULL NAME IS REQUIRED TO BE STATED ON THE CHEQUE AS PER RBI DIRECTION).

• For NEFT payment – Bank of India, Mazgaon- Account No. 007020100001816, IFSC – BKID0000070.

  Acknowledgement generated through online transaction should be emailed on [email protected] along with Enrolment Form and payment details.

• Online Payment Link: https://www.gstpam.org/online/event-registration.php

• Outstation members are requested to make payment online payment.

• The enrollment form along with payment proof should be submitted at Room No. 104, GST Bhavan, Mazgaon, Mumbai – 400010.

• The Association reserves the right to change and alter the schedule if required.

 

 

Contents Vol. 7 No. 12 | Mumbai |August, 2025 

Topic	Writer	Page No.
Part – I
Editorial	Mayur R. Parekh	5
From the President	Parth Badheka	8
Roving Eye	D. H. Joshi	12
GST Updates	Deepali Mehta	17
Towards 75th Year – Glorious Journey of GSTPAM
Reminiscing about GSTPAM	Subhash P. Surte	19
Glorious journey of GSTPAM	Sujata S.Rangnekar	22
The Interplay of Schedule III Transactions and Section 17 of The Central Goods and Services Tax Act 2017	Ratan Samal & Manohar Samal	25
Maharashtra Industry, Trade and Investment Facilitation Act (MAITRI Act) in 2023	Chaitanya Suhas Sadekar	27
Judiciary Clears Roadblock in Filing ITC-02 for Inter-State Transfers	Zalak Sohil Dalal	30
From Courtroom to Code: The Rise (and Risks) of Legal AI	Ruchi Rathod Khushi Agrawal	33
Mandatory 60-Day Time Limit for Refund under GST: Calcutta High Court Rules in Favour of Taxpayer	Pranav Mehta	36
जिएसटीच्या कक्षेत इंधन यावे	Amit Lulla	40
जीएसटी अंतर्गत मूल्यमापन	Kishor Lulla	41
Updates on Real Estate (Regulations & Development) Act, 2016	Ashwin Shah & Maitri Shah	47
Service Tax Updates	Vasudev Mehta	50
Income Tax Update – Highlights on Recent Amendments	Sonakshi Jhunjhunwala & Sunil Jhunjhunwala	53
Do You Know?	Moti B. Totlani	61
Replies to Queries	C. B. Thakar	63
Speaker’s Forum	D. J. Ruparelia Ashish Ruparelia	68
Representation & Response		70
Important Judgments		79
Association News	Rahul Thakar & Sunil Joshi	84
Part – II
From the Courts	Dhaval Talati	87
Gist of Advance Rulings	Ashit Shah	89
Part – III
Recent Amendments – Notifications/Trade Circulars
L. A. BILL No. LXXIV OF 2025.		93
MAHARASHTRA ACT No. XXXIX 2025.		95
MAHARASHTRA ACT No. XL OF 2025.		99
No.JC(HQ-l)/DC-0009/VAT/MMB-2025/12 dated the 13th August, 2025		100
List of forms Prescribed under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2025		101
Advisory: Regarding GSTR-3A Notices issued for non-filing of form GSTR 4 to cancelled Composition Taxpayers		101
Taxpayer Advisory on upcoming security enhancements		102
Announcements Announcement For New Membership, Renewal of Membership & Subscription For Year 2025-26		Page 86

“Wishing our members a very HAPPY BIRTHDAY!!”

Members Name	Date of Birth
Gala Talak N.	11- September
Dhond Sangeeta Shashank	11- September
Kaikini Prakash Murlidhar	11- September
Parekar Amit Sadashiv	11- September
Darda Akhil Rajendrakumar	11- September
Diyora Hiren Suryakant	11- September
Bubere Mohamed S.A.M.	12- September
Doshi Prakash Anantlal	12- September
Nale Nandini Nandkishor	12- September
Kulkarni Yogesh Narayan	12- September
Gandhi Nitin Shankarlal	12- September
Vora Huzefa Saifuddin	12- September
Shah Dinesh Dalichand	13- September
Athalye Prakash V.	13- September
Savla Priti Paras	13- September
Kokane Kaushik Kashinath	13- September
Agrawal Shyam C.	14- September
Mehta Suresh R.	14- September
Badkar Rajan M.	15- September
Mangal Narendra Omprakash	15- September
Bhageria Sushilkumar Shankarlal	15- September
Kevat Devdatta Ramnaresh	15- September
Shrivastava Manish Sumnesh	15- September
Pawar Anil Shankar	16- September
Shah Kevin Nitin	16- September
Mange Darshan Dinesh	16- September
Gala Dhanesh Ramnik	16- September
Dhond Shashank S.	17- September
Joglekar Gajanan Digambar	17- September
Shetty Pradeep Sadananda	17- September
Jajoo Aniruddha Ashok	17- September
Khedekar Chandrahas Vasant	17- September
Chafekar Shailajeet Shrihari	17- September
Joshi Nisha Ramesh	17- September

 

Members Name	Date of Birth
Saboo Shyam Durgaprasad	17- September
Rathod Ruchi Mehul	17- September
Dedhia Rohan Navin	17- September
Jhunjhunwala Naresh Banwarilal	18- September
Sanghavi Dhaval Sharad	18- September
Nagwekar Sandesh Chandrakant	19- September
Shetty Kedarnath	19- September
Joshi Hemant Dattatraya	19- September
Shivnani Ashwin Raj	19- September
Kapasi Hussain Dawoodi	19- September
Datar Ajay Prabhakar	20- September
Parikh Sandip Shashikant	20- September
Khona Raj Mukesh	20- September
Peshori Amrita Kishore	20- September
Doshi Kumudchandra Hathichand	21- September
Shah Prithviraj Heerachand	21- September
Sheth Pravin R.	22- September
Davda Gordhandas K	22- September
Bhavsar Sunil Pravinchandra	22- September
Shah Gauarv Mahendra	22- September
Shah Ramesh Vrajlal	22- September
Sonje Ganesh Narayan	23- September
Maru Nitin Meghji	23- September
Bhatia Sudhama Hassanand	23- September
Rambhai Dweetee Urvish	23- September
Eppakayala Sunil Hanmantu	23- September
Chunawala S I	24- September
Parekh Mayur Rajnikant	25- September
Solanki Dharmesh Jayantilal	25- September
Kulve Rajesh Baliram	25- September
Jha Dilipkumar Ramchandra	25- September
Thakar Rahul Chandrakant	25- September
Boricha Mahendra V.	26- September
Khavanekar Jayant V.	26- September

  

Members Name	Date of Birth
Mehta Parag Girish	26-September
Kapadia Mohammed Jaffer	26-September
Patil Vishvambhar Ganpatrao	26-September
Khanolkar Amol Gajanan	26-September
Kasvala Samirkumar G	26-September
Kondvilkar Prashant Prakash	26-September
Joshi P. C	27-September
Karambelkar Rahul Madhusudan	27-September
Chintala Sanjeeva Rao	28-September
Raichura Anil P.	28-September
Shah Sandeep Natverlal	28-September
Raheja Vishal Ravi	28-September
Gabhawala Sunil B.	28-September
Thakkar Mayur Deepak	28-September
Rajpara Vishal Narendrabhai	29-September
Shah Hasmukh N	30-September
Joshi Ganesh Shridhar	30-September
Chhadva Mukesh Nagshi	30-September
Dongare Neeraja Naresh	30-September
Punatar Hardik R	30-September
Jadhav Gaurav Narendra	30-September
Bharate S. K.	01-October
Gujar Narendra Madhukar	01-October
Yerram Ravi Shankar	01-October
More Nivrutti Balkrishna	01-October
Kulkarni Vilas Padmakar	01-October
Chheda Jatin Navin	01-October
Kamdar Dharmesh N.	01-October
Hounje Bhushan Mahaveer	01-October
Shirodkar Renu Vishwanath	02-October
Iyer Vaidyanathan V.	03-October
Sangekar Vijay Baburao	03-October
Khabiya Rajesh Shantilal	03-October
Chugh Mohan Girdharilal	03-October
Jha Rajeshkumar Laxmikant	03-October

 

Members Name	Date of Birth
Nakati Nikita Dattatray	03-October
Krishnan Ayloor Ramakrishnan	04-October
Sarda Sanjay Madanlalji	04-October
Barvadiya Ranchhod Ravji	04-October
Jimulia Yash Amrutlal	04-October
Bhambure Ramesh K	05-October
Thakkar Deepak H	05-October
Vora Nirav Pravinchandra	05-October
Kashid Kailas Keshav	05-October
Bhutada Rahul Ramratan	05-October
Srivastav Sunil Anirudhlal	05-October
Goyal Somit Subhashchandra	05-October
Shah Harsh Suresh	05-October
Patil Amol Sahebrao	05-October
Shah Vinay Mahesh	05-October
Shah Anil A	06-October
Doshi Pradip Tarachand	06-October
Jain Dinesh S	06-October
Kulkarni Aniket Ravindra	06-October
Shah Kirit B	07-October
Sharma Ravi Gopal	07-October
Telang Mandar Ulhas	07-October
Waghela Mansukh Nagjibhai	07-October
Siddiqui Mohdnaveed Mohdsaeed	08-October
Kundnani Ramesh G	09-October
Yadav Umashankar Kamlaprasad	09-October
Telisara Ajaykumar K.	09-October
Shinde Priyanka Janardan	09-October
Shah Harendra J	10-October
Khushalani Sunil Gopaldas	10-October
Agarwal Shrawan K.	10-October
Parikh Kaushik Dasharathlal	10-October
Bhilare Ankush V.	10-October

 

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/-
9	Writ Remedies Under Indian Constitution	150/-
10	Referencer 2025-26	750/-