Monthly Tax Bulletin: March 2025

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.