IMF has now cut India’s growth forecast for FY 2025-26 to 6.2% by 30 basis points, while maintaining stable outlook. This is supported by private consumption in rural areas and takes into account recent tariff impact. World Bank has also lowered India’s growth forecast for FY 2026 to 6.3% from 6.7% due to global economic weakness. RBI has already projected the same but rules out any slippages. It is likely to grow at 6.5% in 2025-26 supported by strong domestic consumption and investment demand despite global uncertainties.
The Government has notified procedure and Rules for functioning of GST Appellate Tribunal. These have come into force w.e.f. 24th April, 2025. It will be mandatory to file all appeals online via the GSTAT portal with certified copy of the impugned order. These rules provide for procedure to file appeal, how hearings will take place, orders, forms etc. These rules also prescribe fees for filing appeals and other filings, affidavits, evidence etc.
GSTN has issued an advisory on reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A. Accordingly, Phase-3 of reporting of HSN codes in Table 12 of GSTR-1 & 1A shall be implemented from May 2025 return period. Further, table 13 of GSTR-1/1A has also been made mandatory for the taxpayers from the said tax period.
GST collection figures for April, 2025 are out. Gross domestic revenue is Rs. 1,89,803 crore showing a growth of 10.7% on YoY basis whereas total gross GST revenue is Rs. 2,36,716 crore showing a growth of 12.6%. During April 2025, refunds have been Rs. 27,341 crore showing a rise of 48.3% on YoY basis. The growth in GST collection @ 12.6% is the fastest in last 17 months. Tax collection from imports saw a jump of over 20%. This boost in tax revenue to cross Rs. 2 lakh crore bench-mark is after a gap of 12 months which is indicative of resilience of Indian economy and effectiveness of cooperative federation. GST is indeed driving the nation’s progress.
GSTAT Procedure Rules notified
Central Government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025 (in short GSTAT Procedure Rules).
- These shall come into force w.e.f. 24.04.2025, i.e., date of publication in Official Gazette.
- It contains 15 Chapters, 124 Rules and 8 Forms.
- It prescribes definitions such as of appellate Tribunal, authorized representative, bench, certified copy, GSTAT portal, member, party, principal bench, interlocutory application etc.
- These rules inter alia, provide for:
- Powers and functions
- Institution of appeals – Procedure
- Cause list
- Hearing of Appeal
- Record of proceedings
- Maintenance of registers
- Inspection of record
- Appearance of authorised representative
- Affidavits
- Discovery, production and return of documents
- Examination of witnesses and issue of commissions
- Disposal of cases and pronouncement of orders
- Electronic filing and processing of appeals and conduct of proceedings in the Appellate Tribunal in hybrid mode
- Miscellaneous - Fees, costs, register of appeals, dress of members and parties etc.
- Forms
(Source: GSTAT (Procedure) Rules, 2025, Notification No. 217 dated 24.04.2025 issued by The Gazette of India Part II, Section 3(i) Published by Authority)
Advisory on HSN Codes and documents
- GSTN has issued an advisory on reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A.
- As per Notification No. 78/2020 – Central Tax dated 15th October 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in table-12 of GSTR-1 on the basis of Aggregate Annual Turnover (AATO) in the preceding Financial Year.
- This is being implemented in phased manner, phase -3 of which will be implemented now.
- Phase-3 of reporting of HSN codes in Table 12 of GSTR-1 & 1A shall be implemented from May, 2025 return period. Further, table 13 of GSTR-1/1A has also been made mandatory for the taxpayers from the said tax period.
- For mandatorily reporting 4-digit HSN codes for goods & services and Mandatorily reporting 6-digit HSN codes for goods & services, it may be noted that:
- Manual user entry of HSN will not be allowed.
- HSN code can be selected from drop down only.
- A customized description mentioned in HSN m aster w ill auto-populate in a new filed called “Description as per HSN Code”.
GSTN’s new validation in GSTR-1 /1A
- GSTN has issued an Advisory on new validation in Table 12 of GSTR-1 /1A in relation to value of supplies as follows:
- These validations will validate the value of B2B supplies shown in different Tables viz: 4A, 4B, 6B, 6C, 8 (recipient registered), 9A, 9B (registered), 9C (registered), 15 (recipient registered), 15A (recipient registered) with the value of B2B supplies shown in table-12.
- Similarly, validations will validate the value of B2C supplies shown in different tables viz: 5A, 6A, 7A, 7B, 8 (recipient unregistered), 9A (export), 9A (B2CL), 9B (unregistered), 9C (unregistered), 10, 15 (recipient unregistered), 15A (recipient unregistered) with the value of B2C supplies shown in Table-12.
- In case of amendments, only the differential value will be taken for the purpose of validation.
- It may be noted that in case B2B supplies are reported in other tables of GSTR-1, in that case B2B tab of Table-12 cannot be left empty.
Enhancements in Table 12 of GSTR 1/1A
- GSTN has advised that the following additional enhancement have been made in Table-12 of GSTR-1/1A:
- Table 12 of GSTR-1/1A is now bifurcated into two tabs, namely, “B2B Supplies” & “B2C Supplies”. Taxpayers need to enter HSN summary details of B2B Supplies and B2C Supplies separately under respective tab.
- A new button has been introduced in Table 12, “Download HSN Codes List”. Upon clicking of this button, taxpayer would be able to download an excel file with the updated list of HSN & SAC codes for goods and services along with their description.
- The button for “Product Name as in My Master” has now been made searchable. Taxpayer can search the description provided by them in My HSN Master and upon selection of the same, the HSN code, Description as per HSN Code, UQC & Quantity shall be auto-populated. This is an optional functionality.
Table 13 of GSTR 1/1A
- In Table 13 of GSTR 1/1A, which requires taxpayers to provide details of documents issued, is now mandatory from May 2025 return period.
- Taxpayers will no longer be able to leave this table blank and proceed with filing their return.
- If B2B or B2C supplies are reported in any table of GSTR-1 or GSTR-1A, an error message will appear if Table 13 has not been filled.
(Source: GSTN Advisory dated 01.05.2025)
GST Collection in April, 2025
- GST collection in April 2025 has shown a moderate growth of 12.6% in total gross collection where as 9.1% growth in total net GST collection.
- Gross domestic collection of tax in Rs. 1,89,803 crore as against 1,71,433 crore in April 2024, a growth of 10.7% [Rs. 48,634 CGST, 59,382 SGST, 69,504 IGST and 12,293 Compensation Cess] on YoY basis.
- Tax on imports is Rs. 46,913 crore (2.8% higher) comprising of IGST Rs. 45,754 crore and Compensation Cess Rs. 1,159 crore.
- Total gross GST revenue is Rs. 2,36,716 crore (Rs. 2,10,267 crore in 2024) reflecting a growth of 12.6%.
- Total refunds (domestic as well as imports) amounted to 27,341 crore against 18,434 crore in 2024.
- Total net collection showed a growth of 9.1% with Rs. 2,09,376 crore (Rs. 1,91,833 crore in 2024).
- States showing good growth in tax collection (i.e. over 20 percent) on YoY basis include Arunachal Pradesh, Nagaland, Meghalaya etc. whereas laggard states are Mizoram, Andhra Pradesh, Pundicherry, Goa, Chhattisgarh, Delhi etc.
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