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Monthly Tax Bulletin: April 2025

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Key highlights

  • SC upholds Bombay HC’s ruling permitting rectification of GST return beyond the statutory timeline;
  • SC dismisses the Revenue’s SLP, holding that mere registration of charitable trust does not automatically entitle the trust to avail exemption under the IT Act;
  • The CBDT issues clarification regarding its earlier guidance issued on the Principal Purpose Test (PPT) for India's tax treaties;
  • The Dispute Resolution Panel under TP lacks authority in the second round after the Tribunal's direct set-aside.
  • The CBIC amends CAROTAR Rules by replacing ‘Certificate of Origin’ with ‘Proof of Origin’;
  • The government of Haryana and Kerala notify Amnesty Schemes for settling pre-GST disputes.
Monthly Tax Bulletin: April 2025
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Monthly Tax Bulletin: April 2025

The April 2025 edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for March 2025.

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