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Monthly Tax Bulletin: March 2025

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Key highlights:

  • The Supreme Court (SC) upholds the Delhi High Court’s decision that dismissed the taxpayer's case basis the SC’s decision in the case of Nestle SA.

  • The SC upholds the constitutional validity of the arrest provisions under the GST and Customs Act.

  • The SC upholds the Bombay High Court’s ruling that employees are not vicariously liable for GST violations.

  • The CBIC introduces Single Unified Multi-Purpose Electronic Bond in Customs through the Ekal Anubandh initiative and also automates the refund process.

  • The government of Karnataka announces the Karnataka Industrial Policy 2025-30.

  • The government of Rajasthan notifies the Amnesty Scheme, 2025, for the settlement of pre-GST dues.

  • The Delhi High Court holds that MAP is a consensual process, and the resolution cannot be applied to non-MAP transactions.
320x441px Monthly Tax Bulletin: March 2025
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Monthly Tax Bulletin: March 2025

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

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