TaxTMI 
TaxTMI 
TaxTMI 
RECENT DEVELOPMENTS IN GOODS AND SERVICES TAX
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....ECENT DEVELOPMENTS IN GOODS AND SERVICES TAX<br>By: - Dr. Sanjiv Agarwal <br>Goods and Services Tax - GST<br>Dated:- 18-7-2025<br>The GDP growth in the fourth quarter of 2024-25 at 7.4 per cent and growth for full year of 2024-25 at 6.5 per cent have exceeded the consensus expectations making the immediate impact of global tariff war not consequential for India. Higher Q4 growth has largely been f....
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....uelled by impressive growth in fixed capital formation. Overall average GDP growth of 6.14 per cent from 2012-13 to 2024-25 has only been a shade lower than private final consumption expenditure averaging 6.18 per cent and a shade higher than gross fixed capital formation of 6.07 per cent. This indicates that growth in GDP has been aligned with its two important components, private consumption and....
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.... fixed capital formation. According to a note issued by Government, Indian economy has almost tripled in last 10 years. India's economic size has expanded sharply. In 2014-15, the GDP at current prices was Rs. 106.57 lakh crore. This figure is expected to rise to Rs. 331.03 lakh crore in 2024-25, nearly tripling in 10 years. Further, the April to June quarter (Q1 FY26) has been an uneven period f....
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....or economic activity, with factory output, exports and private capex hitting a rough patch, even as the farm sector and services like transport and construction have picked up pace along with government capex. GSTAT e-portal has released a step-by-step Manual for filing appeals, applications and other submissions (User Manual Version 2.6). There will be a centralized e-filing portal to faci....
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....litate filing of appeal etc providing paperless, transparent and smooth platform for litigants and tax professionals across India. It will also be used by the revenue department. While three members have already been appointed in UP benches, more are likely to follow. One can hope that GSTAT may be made fully functional soon. Vacuum continues in holding next GST Council meeting. The 56th meeting....
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.... of Council is still note scheduled and there has been no meeting since 21 December, 2024 held at Jaiselmer. A normal notice of 21 days is required which implies that next meeting at the earliest may happen only in August, 2025. This delay is causing important policy reforms and GST rate rationalization which everyone is eagerly waiting for. It is learnt that next meeting is likely to be convened ....
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....in August, 2025. Manual for filing appeals etc before GSTAT * GSTAT e-portal has issued a User Manual Version 2.6 which is a Step-by-Step Manual for Filing Appeals, Applications, and related submissions. * This platform is designed to offer a streamlined, transparent, and paperless process for litigants and tax professionals across India. * One has to select the appropriate user type, viz, ....
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....Taxpayer (via GSTIN) / Tax Official / Authorized Representative and register on the portal. * Users will be required to fill the respective registration from. * The Manual covers: * Uploading Documents and Final Submission * Login and Account Recovery * Navigation and Dashboard Overview * Filing an Appeal on the GSTAT Portal * Application Filing Procedure * Re-Filing Defective Subm....
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....issions * Uploading Additional Documents * Filing Cross Objections * Accessing Case Information and Transaction History * The Manual is intended to equip users with the necessary steps and precautions to effectively utilize the system in compliance with the latest procedural standards. (Source: www.gstat.gov.in) GSTN clarification on GSTR-1 * GSTN has issued an advisory / clarification....
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.... on Table 12B of GSTR-1 and Table 12A through its technical arm @ Infosys -GSTN * Table 12B is not mandatory and may be left blank or filled with any value without affecting the return filing. * For filing of Table 12B (HSN B2C) in GSTR-1, taxpayers with no B2B supplies are advised to make one dummy entry in Table 12A. This can be done by entering any valid HSN code and any Unit....
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.... Quantity Code (UQC), while filling all the other fields in Table 12A with the value "0". * This approach will prevent the system from showing an error and will allow the filing to proceed smoothly. * GSTN has also assured users that the system will soon be upgraded to address this issue permanently. The upcoming update is expected to simplify the GSTR-1 filing process, particularly for busine....
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....sses that only deal in B2C supplies. (Source: GSTN Portal dated 14.07.2025) Dress Code for GSTAT Members * GSTAT has prescribed a formal Dress Code for judicial and technical members of GSTAT. * GSTAT (Procedure) Rules, 2025 are silent on dress code and no provision / rule deals with dress code for members. * President of GSTAT under powers contained in Rule 121 of the GSTAT (Procedure) R....
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....ules, 2025 has prescribed the following dress code to be observed by the President and Members: * President and Members, Judicial shall don the dress prescribed for Judges of Hon'ble Supreme Court or Hon'ble High Court, as the case may be without the gown. * Technical Members shall wear white or striped or black trousers with black coat cover white shirt and black necktie or buttoned up black ....
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....coat. * The female Technical Members shall were black over coat over black, white or lightly printed saree. * Any Member wearing turban shall wear white or light coloured turban. * This shall come into force with immediate effect. [Source: Office Order No. 114/2025 dated 30.06.2025 (F.No. GSTAT/Procedural Rules/24-25/07) issued by GST Appellate Tribunal, Principle Bench, New Delhi]<br> Scho....
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....larly articles for knowledge sharing by authors, experts, professionals ....