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20 Aug 25 New Income Tax Bill, 2025: Major Corporate Tax Reforms to Simplify Compliance and Boost Certainty No Proposal to Impose Fees on UPI: Finance Ministry Reaffirms in Lok Sabha CBDT Notifies New Salary & Income Thresholds Under Section 17 of Income Tax Act GST Rate Revamp May Cut Small Car Tax from 29% to 18%, Prices Likely to Drop FM to Address GoM Tomorrow, Pitch Sweeping GST Reforms with New 2-Tier Structure PM Modi Leads High-Level Meeting on Next-Gen GST Reforms 19 Aug 25 Centre: New GST Regime to Prioritise Poor, Middle Class, Farmers and MSMEs Rajasthan Issues Circular to Scrutinise GST ITC Claims in Cases of Delayed Registration Patna HC: GST Refund Limitation to Be Computed from Date of Correct Tax Payment 18 Aug 25 CBDT Amends Form No. 7 to include both Assessment Year and Block Period Effective from 1st September 2025 ICAI Issues Checklist for Filing ITR-1 and ITR-4 for AY 2025-26 17 Aug 25 Apollo Tyres Receives GST Demand Order from TN Commercial Taxes Department Officer Barred from Relevying Covered Demand: Orissa HC Quashes GST Order as Double Taxation GSTN Launches "Navigate to GSTR-1A" on GST Portal GST Council Likely to Approve 5% and 18% Two-Slab Structure: Big Reforms Coming by Diwali 16 Aug 25 Title : India’s FY26 Gross Direct Tax Collections Reach ?7.99 Lakh Crore as of Aug 11 Facility for Filing Updated Returns for AY 2021-22 and AY 2022-23 for ITR-3 and ITR-4 Now Available Income Tax Department Releases Excel Utility of ITR-6 for AY 2025-26 15 Aug 25 ICAI Hails New Income Tax Bill 2025 as a Clear, Business-Friendly Framework CBIC and CBDT Grapple with 39–34% Staff Shortages Amid New Tax Reforms CAG Flags Gaps in GST E-Way Bill System 13 Aug 25 Rajya Sabha Passes New Income Tax Bill 2025 by Voice Vote to Replace Six-Decade-Old Act Calcutta HC Quashes GST Order for Violating Mandatory Hearing Requirement U/S 75(4) Calcutta HC: GST Authorities Cannot Recover Full Tax Demand Before Appeal Period Ends Karnataka Officers Uncover Approx. ?39,000 Crore GST Evasion in FY 2024-25 12 Aug 25 ICAI Launches Practical Guide to GST Disputes to Empower CAs in Litigation and Representation GST ITC Reversal on Expired Drugs: Gujarat HC Seeks Department’s Response Vyapar Mandal Meets Union MoS Chaudhary Over GST Simplification in Punjab Madras HC Quashes GST Orders Issued Under Notif. No. 56/2023, Says Extension Valid Only in Exceptional Circumstances 11 Aug 25 ITR-5 Excel Utility for AY 2025-26 Released Lok Sabha Passes Manipur GST Amendment Bill 2025 Government Appoints 31 Technical Members (Centre) to State Benches of GST Appellate Tribunal GST ITC Reversal on Expired Drugs: Gujarat HC Seeks Department’s Response 10 Aug 25 Income Tax Bill 2025 Withdrawn, Fresh Version to Be Tabled in Lok Sabha on August 11 ICAI Launches International ADR Centre to Promote Alternate Dispute Resolution in India Vyapar Mandal Meets Union MoS Chaudhary Over GST Simplification in Punjab Madras HC Quashes GST Orders Issued Under Notif. No. 56/2023, Says Extension Valid Only in Exceptional Circumstances 09 Aug 25 Parliamentary Panel Seeks Faster Appointment of GST Appellate Tribunal Benches Nationwide AP Launches ?5?Crore Thrift Fund for Weavers, Offsets GST for Handlooms Orissa High Court Directs 10% Tax Payment Within a Week for GST Appeal Relief 08 Aug 25 Delhi HC: Consolidated GST SCN Must for Multiple-Year ITC Mismatch Allegations Uttar Pradesh Records First Fiscal YoY GST Rise Post June Slump Supreme Court Rejects Plea Challenging Relief on GST ECL Blocking 06 Aug 25 Bombay HC: Section 54 Exemption Allowed Even When Sale Proceeds Used for Numerous Residential Units Supreme Court: 100% GST Penalty Requires Proof of Fraud, Orders High Court for Rehearing 05 Aug 25 ITAT Delhi Quashes Assessment Framed U/S 143(3) Due to Invalid Notice Format U/S 143(2) July 2025 GST Collection at ?1.96 Lakh Crore, Grows 7.5% YoY How GST Software Helps Transport & Logistics Businesses 04 Aug 25 ICSI Calls for Recognition of Company Secretaries as `Accountants` Under Income Tax Bill Pre-Filled SCN Waiver Form Not Legally Valid: Delhi HC Orders Release of Jewellery Upon Payment