Updates

1,203 Views

GST

Release date: 30.01.2023 1. With reference to the circular https://cbic-gst.gov.in/pdf/circular184.pdf a new validation has been incorporated. For all B2B transactions, ...
Read More
Letter of Undertaking (LUT) application for F.Y. 2023-24 can be filed any time now in GSTN. The author has seen ...
Read More
There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”), which were ...
Read More
03/09/2022 Hon’ble Supreme Court while hearing an application from GSTN, has allowed extension of 4 weeks time to comply with ...
Read More
A lot of people are still not clear about GST rates on certain goods and services and there are a ...
Read More

Budget 2023

Amendment of Section 10 – The proposed amendment will allow the composition dealers to make supply of goods through e-commerce ...
Read More
Union Budget 2023-24 is presented on 01.02.2023 by Hon'ble Finance Minister. Customs Duty rate has been amended vide following Notificaitons: ...
Read More
Union Budget 2023 was delivered today by Hon'ble Finance Minister. In the indirect tax part, GST Law is being amended ...
Read More
The Budget 2023 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1. The first part ...
Read More
1. Raising the minimum threshold for launching prosecution under GST from Rs. One Crore to Rs. Two Crores, except for ...
Read More
Ahead of the Union Budget for the financial year 2024, the Indian Medical Association has proposed a slew of demands ...
Read More

GST Article

Alternative remedy against order not applicable when SCN is issued in violation of principles of natural justice

The Hon’ble Jharkhand High Court in Santosh Kumar Roy v. the State of Jharkhand & Ors. [W.P.(T) No. 4782 of ...
Read More

Department cannot raise demand without examining the reversal of Cenvat credit and calculating proportional credit

The CESTAT, Ahmedabad in Sanofi India Limited v. C.C.E. & S.T.- SURAT-II [Excise Appeal No. 10583 of 2013 in Final ...
Read More

No need to rely on website and Wikipedia for the meaning, when the test reports of the product by laboratories are available

The CESTAT, Ahmedabad in Pradipkumar P Patel v. C.C. – Ahmedabad [Customs Appeal No. 10047 of 2022 in Final Order ...
Read More

Highlights on Proposed GST Amendments in Finance Bill 2023

Amendment of Section 10 – The proposed amendment will allow the composition dealers to make supply of goods through e-commerce ...
Read More
Loading...

GST in Media

Tamil Nadu was among the top five GST compensation receiving States during the five-year transition period from July 2017 to ...
Read More
Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Monday said he was planning to send a number of proposals to ...
Read More
Punjab registered a record increase in GST and excise revenue, said Cabinet Minister Harpal Singh Cheema after unfurling the Tricolour ...
Read More
The LDF government’s emphasis on spurring economic activity and welfare-oriented measures will be reflected in the 2023-24 State Budget as ...
Read More
A revival in betel leaf export from India has been marred by the imposition of 18 percent Goods and Services ...
Read More
Businessmen having transferred their plots in MIDC’s industrial estates to others may soon have the taxman knocking at their doors ...
Read More
In an interim order, the Rajasthan High Court has stayed the show cause notice issued to MyTeam11 by the Directorate ...
Read More
The government may use the goods and services tax (GST) compensation cess for a clean energy fund to help access ...
Read More
Monthly generation of e-way bills or electronic permits required for shipment of goods within and across states has shot up ...
Read More
The High Court on Monday issued notices to Telangana and the authorities of its tax regime, seeking answers from them ...
Read More

Income Tax in Media

A special court here on Thursday remanded an income tax officer to two-day custody of the Central Bureau of Investigation (CBI) after he was arrested for allegedly demanding a bribe of Rs 10,000 for cancelling a PAN (permanent account number) card of a Mumbai resident. The accused, Umesh Kumar, was arrested ...
Read More
Individual taxpayers need to be incentivised to migrate to an exemption-less income-tax regime, Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister, told ET, pegging India to grow at about 6.5% in the next fiscal. According to Debroy, the government’s capital expenditure focus will continue in FY24 while ...
Read More
The sleuths of the Central Bureau of Investigation (CBI) on Wednesday arrested a tax assistant of the Income tax department red handed while accepting a bribe of Rs 15,000 at the Industrial township Parwanoo. A team of CBI following a complaint of the management of a business firm laid a trap ...
Read More
The Central Bureau of Investigation (CBI) arrested nine Income Tax (I-T) officers in Maharashtra’s Nagpur for allegedly joining the department without appearing for the mandatory examination conducted by the Staff Selection Commission. The anti-corruption branch of the CBI arrested the nine accused officers on Monday. An offence was registered in 2018 ...
Read More
The Centre’s direct tax collections, net of refunds, have increased by over 24% on year in the first eight months of the current fiscal, indicating continued revenue buoyancy and recovery in economic activities. The collections amounted to Rs 8.77 trillion between April and November 30 this fiscal, registering a 24.26% growth ...
Read More
Your Permanent Account Number (PAN) is likely to become the only identification needed for seeking different clearances and approvals from the central and state departments for your business. The Centre has announced that it is planning to allow businesses to use the PAN instead of other data as a unique identifier ...
Read More
/ Income Tax in Media, PAN
The Income tax Department is likely to reopen old cases related to land deals and redevelopment where entities tried to escape paying taxes amounting to crores by using the ambit of partnership firms. The Supreme Court (SC) last week plugged this loophole which allowed entities to evade tax by saying that ...
Read More
The income-tax department has issued instructions to ensure taxpayer grievances about adjustment of tax dues against pending refunds are resolved quickly to check avoidable litigation. The tax department has told its top officers, including all principal chief commissioners, that it observed instances of incorrect adjustment of outstanding tax demands against tax ...
Read More
Revenue Secretary Tarun Bajaj on Tuesday said that the personal income tax regime needs a complete reinvent and government should come up with something new and only one regime rather than having two regimes. “The aim should not be to increase the tax rates, even if it is revenue neutral or ...
Read More
A Dravida Munnetra Kazhagam (DMK) functionary has moved a plea before the Madras High Court’s Madurai Bench seeking an income tax exemption for persons earning less than Rs 8 lakh annual income. The petition filed by A Kunnur Seenivasan, a member of the Assets Protection Council of DMK, said that a ...
Read More

E-invoice

Updates in validations of e-invoice

Release date: 30.01.2023 1. With reference to the circular https://cbic-gst.gov.in/pdf/circular184.pdf a new validation has been incorporated. For all B2B transactions, ...
Read More

GST FAQs on e-Invoice System has released

IRP has released Updated Frequently Asked Questions (“FAQs”) related to e-Invoicing. 1. Whether e-Invoice is required for Export of Services?Ans ...
Read More

E-invoicing for turnover above Rs.5 crores

Businesses with annual turnover of over Rs.5 crore will have to move to e-invoicing under goods and services tax (GST) ...
Read More

Single sign-on (SSO) functionality has been enabled for e-Invoice and e-Waybill

The Single sign-on (“SSO”) functionality has been enabled for e-Invoice and e-Waybill. The SSO is a facility by which the ...
Read More

Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 crore turnover

Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) ...
Read More

Who are liable to generate e-invoice w.e.f October 1, 2022

The GST Council, in its 37th meeting held on 20.09.2019, has recommended introduction of electronic invoice (‘e-invoice’) in GST in ...
Read More
close

3 thoughts on “Updates

  1. Most important and effective information shared by your team
    Thanks alot, request send the future updates and guide me in respect of GST laws

Leave a Reply

Your email address will not be published. Required fields are marked *

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top
Book – Goods & Service Tax – Some Perceptions and Reflections

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

OnlineTaxUpdate will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Subscribe to GST Newsletter for Rs. 149/- for one year.