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India’s Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, is set to lead the Indian delegation at the 58th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), to be held in Milan, Italy, from May 4 to 7, 2025.

The ADB Annual Meeting brings together finance ministers, central bank governors, business leaders, and policy-makers from around the globe. This year’s gathering will focus on strengthening global cooperation and resilience in the face of economic and climate challenges.

Smt. Sitharaman will participate in several key events, including:

• The Governors’ Business Session

• The Governor’s Plenary Session

• A panel discussion at the ADB Governors’ Seminar on the theme: “Cross-Border Collaboration for Future Resilience”

Bilateral Engagements and Strategic Meetings

On the sidelines of the meeting, the Finance Minister is scheduled to hold bilateral talks with her counterparts from Italy, Japan, and Bhutan. She will also engage with the heads of prominent international organisations, such as:

• The President of ADB

• The President of the International Fund for Agricultural Development (IFAD)

• The Governor of the Japan Bank for International Cooperation (JBIC)

These interactions aim to deepen India’s multilateral cooperation and strategic partnerships in areas of finance, infrastructure, and climate resilience.

Dialogue Beyond Diplomacy

Reflecting her commitment to inclusivity and outreach, Smt. Sitharaman will interact with the Indian diaspora in Milan, celebrating the role of overseas Indians in strengthening India’s global ties.

She will also speak at a Plenary Session of the NEXT Milan Forum at Bocconi University, addressing a vital topic of our times: “Balancing Economic and Climate Resilience.” Her participation underscores India’s role as a global thought leader in sustainable development.

Representing India on the Global Stage

Smt. Sitharaman’s participation in the ADB Annual Meeting not only highlights India’s growing influence in shaping the global economic agenda but also reaffirms the country’s commitment to collaborative growth, climate action, and financial stability.

Stay tuned for updates from Milan as India continues to engage with the world on the issues that matter most.

From the April 2025 tax period, a key update is coming your way in GSTR-3B filing—and it's important to get this right to avoid future mismatches and compliance issues.

What’s Changing?

Table 3.2 of Form GSTR-3B deals with inter-state supplies made to:

• Unregistered persons

• Composition taxpayers

• UIN holders

Till now, you had the option to manually enter or modify values here. But starting April 2025, the auto-populated values in Table 3.2 will become non-editable. These values will be picked directly from what you’ve declared in:

• GSTR-1

• GSTR-1A

• IFF (Invoice Furnishing Facility)

So, whatever values you file in GSTR-1/IFF will be locked in and reflected as-is in your GSTR-3B.

✅ What You Should Do

Accuracy in GSTR-1 = Accuracy in GSTR-3B

Here’s how you can stay ahead:

1. Double-check inter-state supplies before filing GSTR-1/IFF.

2. If you make a mistake, amend it in GSTR-1A or through a subsequent period’s GSTR-1/IFF.

3. Ensure all reporting in GSTR-1, GSTR-1A, and IFF is complete and correct before filing GSTR-3B.

???? FAQs You Should Know

Q1: What’s new in Table 3.2 reporting?
From April 2025 onwards, Table 3.2 of GSTR-3B becomes non-editable. You must file it as-is based on system auto-populated data from your GSTR-1/IFF.

Q2: Made a mistake in GSTR-1? How do I fix Table 3.2 in GSTR-3B?
Use Form GSTR-1A to amend before GSTR-3B filing. If you miss that, correct it in next month’s GSTR-1/IFF.

Q3: How to avoid errors in Table 3.2?
Simple—ensure accurate and timely entries in GSTR-1 and IFF. That’s where the system picks the numbers from.

Q4: Until when can I use GSTR-1A to correct values?
You can file GSTR-1A anytime after GSTR-1 but before filing GSTR-3B for that tax period.

???? Pro Tip:
Keep your GSTR-1 and GSTR-1A accurate and consistent each month. With these new changes, they directly affect what goes into your GSTR-3B. A little extra care while filing now can save a lot of hassle later.

Need help with your return filing or GST compliance? MM Tax Club is here to help. 

In a daring late-night crackdown on April 11, 2025, the Directorate of Revenue Intelligence (DRI) dealt a major blow to the drug trafficking network operating through the North East. Acting on credible intelligence, DRI officers intercepted a 12-wheeler truck on the outskirts of Aizawl, Mizoram, uncovering a massive 52.67 kg of methamphetamine tablets, with an estimated international market value of ₹52.67 crore.

What made this seizure particularly shocking was the sophisticated concealment technique used — the drugs were stashed inside 53 brick-sized packets, hidden in the tarpaulin folds of the truck. The packets were marked with curious labels like “3030 Export Only”, “999”, and diamond symbols, possibly to denote quality or origin, and contained orange-pink tablets. Field tests confirmed the presence of methamphetamine.

The truck, registered in Nagaland, had earlier delivered cement from Meghalaya to Champhai and was returning empty — or so it seemed — until it stopped in Zokhawthar, a border town adjacent to Myanmar, where it is believed the drugs were loaded. The final destination was Tripura, but DRI teams stopped it in time before it could cross out of Mizoram.

Both the driver and his assistant have been arrested under the NDPS Act, 1985, and preliminary investigation confirms the contraband originated from Myanmar.

This seizure is not a one-off. From January 2025 till date, DRI has already seized 148.50 kg of methamphetamine tablets in the North Eastern Region, showing the relentless efforts being made to combat the inflow of narcotics from across the border.

In a big win against international drug trafficking, the Directorate of Revenue Intelligence (DRI) carried out a major seizure at New Delhi’s Indira Gandhi International (IGI) Airport on April 14, 2024. Acting on specific intelligence, DRI officials intercepted an Indian woman who had just arrived from Dubai—and what they found in her luggage was shocking.

After a detailed examination of her baggage, officers discovered five seemingly ordinary handbags. But these bags held a dangerous secret. When the inner layers of the handbags were cut open, they revealed ten packets of a white powdery substance. Lab testing confirmed it was cocaine, weighing a total of 7.56 kg. The street value of the seized narcotics is estimated to be around ₹75.6 crore.

The passenger has been arrested under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and is now in custody. Meanwhile, the DRI has launched a full-scale investigation to trace the origins of the drug consignment and identify the network behind this smuggling attempt.

This operation highlights how smugglers are using increasingly creative methods to traffic narcotics—and the importance of strong intelligence and vigilance by enforcement agencies like the DRI.

Stay tuned for more updates as this story unfolds.