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GST Compendium: April 2025

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The April edition of the GST Compendium highlights significant policy shifts and judicial developments shaping India’s tax environment. On the domestic front, the GST regime continues to demonstrate strength, driven by reforms that enhance compliance and curb evasion. The Supreme Court’s latest rulings uphold business rights, emphasising substance over form in matters of procedural lapses and bundled product taxation. Updates in Customs regulations and origin certification requirements indicate a strategic pivot toward greater importer accountability.

Key highlights of the GST Compendium April 2025

  • Important updates/announcements: The CBIC's amendment to the CAROTAR Rules - replacing the 'Certificate of Origin' (CoO) with 'Proof of Origin' (PoO) - adds flexibility while placing greater responsibility on importers.
  • Key judicial pronouncements: Two Supreme Court rulings have reshaped the key aspects of indirect taxation. Under GST, the apex court upheld the right to rectify GST returns in case of bonafide clerical errors, reinforcing that statutory timelines cannot override fundamental business rights - especially when there is no loss to revenue.
  • Significant updates in direct taxes: The CBDT has fine-tuned its TDS provisions, revised key forms related to business and securitisation trusts, and clarified the aspects of India's tax treaties. On the judicial front, the SC has delivered significant rulings on charitable trust exemptions and reassessment notices.

The edition also captures evolving direct tax measures, refined TDS provisions, and progressive clarifications on tax treaties. Businesses will find value in the analysis of extended timelines, amnesty schemes in key states, and targeted production incentives supporting India's manufacturing ambitions. Expert commentary on the GST appeals process and litigation readiness further enriches this edition, offering a practical lens on current tax discourse.

GST Compendium: April 2025
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GST Compendium: April 2025

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