TAX DUE DATE - JULY 2025

 

Sr No	Due Date	Related to	Compliance to be made
1	11.07.2025	GST	Filing of GSTR – 1 for the month of June 2025
2	20.07.2025	GST	Payment and Filing the GSTR – 3B for the month of June 2025
3	07.07.2025	TDS/TCS (Income Tax)	Deposit TDS for payments of Salary, Interest, Commission or Brokerage, Rent, Professional fee, payment to Contractors, etc. during the month of June 2025. Deposit TDS from Salaries deducted during the month of June 2025 Deposit TCS for collections made under section 206C including sale of scrap during the month of June 2025, if any Deliver a copy of Form 15G/15H, if any to CCIT or CIT for declarations received in the month of June 2025, if any
4	31.07.2025	TDS/TCS (Income Tax)	Furnish quarterly statement of tax deducted at source (TDS) and tax collected at source (TCS) for the quarter ended June 2025 in Form 24Q / 26Q / 27Q / 27EQ.

Introduction of Invoice Management System (IMS)

Background

 

As you may be aware, multiple advisories have been issued over the past months regarding IMS. Below is a summary of the advisories for your quick reference:

 

Hard locking of auto-populated values in GSTR-3B

 This is to apprise you of a recent advisory dated 7 June 2025, introduced on the GSTN portal, which proposes the implementation of hard locking of auto-populated liability in GSTR-3B, effective from July 2025 tax period.

 

CBIC clarifies the procedure for review revision and appeal against orders passed by Common Adjudicating Authorities

 This Tax Alert summarizes a recent Circular¹ issued by the Central Board of Indirect Taxes and Customs (CBIC), regarding the authorities responsible for review, revision, and appeals against the Order-in-Original (OIO) passed by Common Adjudicating Authority (CAA) where Show Cause Notices (SCNs) have been issued by the Directorate General of GST Intelligence (DGGI).

Centralized Procurement and Transfer Pricing: Key Insights for MNEs

In today’s global business environment, many multinational enterprises (MNEs) adopt centralized procurement models to gain efficiency and cost savings. However, such structures come under close scrutiny from tax authorities worldwide due to their transfer pricing implications.

Directorate of Public Grievances to cover cases related to taxation:

1. Background:

Till now complaints involving tax were handled through appellate mechanism under statue/ escalation to jurisdictional tax officers and also grievance monitored through the Centralized Public Grievance Redress & Monitoring System (CPGRAMS). These complaint lodged with the CPGRAM have to be resolved within 21 days.

Thinking of Setting Up a Unit in GIFT IFSC for Section 80LA Tax Exemption? Beware of This Hidden Cost!

 Setting up a unit in the Gujarat International Finance Tec-City (GIFT IFSC) has become increasingly popular among global and Indian businesses seeking tax-efficient structures. One of the biggest attractions is the tax holiday offered under Section 80LA of the Income-tax Act, 1961. However, before you move forward, it's crucial to understand a significant — and often overlooked — caveat.

Section 161 of CGST: A Surgical Tool, Not a Second Chance

In the world of GST litigation, it’s not always the big blunders that land you in trouble. Sometimes, it’s the smallest oversight — a missed date, a copy-paste error — that can spiral into years of courtroom fatigue.

Welcome to the high-stakes reality of Section 161 of the CGST Act, the seemingly simple “rectification” provision that many mistakenly treat as a magic wand.

The Allure of Section 161: Quick Fix or Hidden Trap?

Key GST and Customs Updates

Regulatory Highlights

• DIN Not Needed on Portal Communications: Documents issued via the GST portal with a Reference Number (RFN) are valid even without a Document Identification Number (DIN).

• Refund Applications Fixed for QRMP Taxpayers: Earlier technical issues for Quarterly Return Monthly Payment (QRMP) scheme taxpayers have been resolved.

Understanding APA vs Safe Harbour Rules in Transfer Pricing

Simple Guide for Multinational Companies in India

Multinational companies often deal with transfer pricing — the pricing of goods and services exchanged between their international entities. Managing this effectively is crucial to avoid tax disputes. In India, two main mechanisms help reduce such risks:

HC holds petitioner entitled to refund of unutilized ITC on closure of business

 This Tax Alert summarizes the recent ruling of the single judge bench of the Sikkim High Court (HC) on refund of unutilized input tax credit (ITC) on closure of business, under Goods and Services Tax (GST).

Petitioner, a manufacturer, discontinued its business in the State of Sikkim and filed for refund of balance unutilized ITC. The refund claim was rejected by the Adjudicating Authority as well as the Appellate Authority. Aggrieved, petitioner filed a writ petition before the HC.

The key observations of the HC are:

Summary: GST Appellate Tribunal (GSTAT) – Key Highlights

The Ministry of Finance has notified the GSTAT (Procedure) Rules, 2025, marking a crucial step toward making the GST Appellate Tribunal (GSTAT) operational. The flyer outlines essential procedures, requirements, and timelines for taxpayers preparing to file appeals.

HC holds penalty imposed under Section 122 is a civil liability

This Tax Alert summarizes recent ruling of the Allahabad High Court (HC) on whether the penalty leviable under Section 122 of the Central Goods and Services Tax Act, 2017 (CGST Act) is civil or criminal in nature. Further, whether dropping of proceedings under Section 74 of CGST Act will ipso facto abate the proceedings under Section 122.

The key observations of the HC are:

HC holds penalty u/s 122(1A) of CGST Act can be levied on directors of the company

This Tax Alert summarizes a recent judgement of the Delhi High Court (HC)on imposition of penalty on directors of a company under the Central Goods and Services Tax Act, 2017 (CGST Act).