Regulatory Changes – prefaceventure.com

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September 16, 2025

Circulars, Customs

Implementation of New Customs Provisional Assessment Rules.

The Finance Act, 2025 has introduced significant amendments to Section 18 of the Customs Act, 1962, dealing with Provisional Assessment. These changes aim to...

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July 24, 2025

Circular, DGFT

DGFT Clarifies Para 2.12 Applicability Under Foreign Trade Policy 2023.

Directorate General of Foreign Trade (DGFT) has issued an important clarification regarding Para 2.12 of the Foreign Trade Policy (FTP), 2023. This pertains to...

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June 11, 2025

GSTN, News and Updates

GST Portal Enables System Validation for Refunds by QRMP Taxpayers.

In May 2025, a significant system-level validation was deployed on the GST Portal to align with the compliance framework set forth under Para 6...

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May 7, 2025

GSTN, News and Updates

GSTR-7 Advisory on Invoice Reporting Deferment.

As per Notification No. 09/2025 – Central Tax dated 22nd February 2025, the implementation of invoice-wise reporting in Form GSTR-7 was scheduled to take...

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April 22, 2025

GST, Instructions/ Guidelines

Guidelines for Processing GST Registration Applications – Key Instructions and Procedures

Streamlining GST Registrations: CBIC’s New Guidelines to Reduce Harassment & Delays. In a welcome move to strike a balance between curbing tax evasion and...

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March 27, 2025

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𝗚𝗦𝗧 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗖𝗼𝗺𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝟭𝘀𝘁 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟱!

Mandatory Multi-Factor Authentication (MFA) for GST Portal Access Effective Date: 1st April 2025. Applicability: All taxpayers, irrespective of turnover. Requirement: Enabling Multi-Factor Authentication (MFA)...

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Implementation of New Customs Provisional Assessment Rules.

DGFT Clarifies Para 2.12 Applicability Under Foreign Trade Policy 2023.

GST Portal Enables System Validation for Refunds by QRMP Taxpayers.

GSTR-7 Advisory on Invoice Reporting Deferment.

Guidelines for Processing GST Registration Applications – Key Instructions and Procedures

𝗚𝗦𝗧 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗖𝗼𝗺𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝟭𝘀𝘁 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟱!

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GST Clarification on Secondary & Post-Sale Discounts Issued.

Exemption from QCO on Import of Aerospace Grade Hydrogen Peroxide.