Updates

GST

The Hon’ble Karnataka High Court in M/S Rajeev Traders v. Union of India [Writ Petition No.100849 of 2022 (T-RES) dated ...
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The Hon’ble Bombay High Court in Commissioner of Customs (Import) v. Dinesh Bhabootmal Salecha [CUSTOM APPEAL (L) NO. 20820 OF ...
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The Hon’ble Bombay High Court in the Principal Commissioner of Central GST & C. v. Filatex India Ltd. [Central Excise ...
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The Hon’ble Calcutta High Court in Bisweswar Midhya v. The Superintendent, CGST [MAT No. 1376 of 2022 with IA No ...
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The Hon’ble Telangana High Court in Micro Systems and Services v. Union of India and 5 others [Writ Petition No.37465 ...
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The Hon’ble Madras High Court in M/S Macmet Engineering Limited v. State Tax Officer (Intelligence) [W.P. Nos.19395 to 19399 of ...
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GST Portal

12/09/2022 Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain ...
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02/09/2022 The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table ...
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The Goods and Services Tax Network (“GSTN”) has enabled GSTR-9 & 9C for Financial Year (“FY”) 2021-22 for filing on ...
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GSTN has made live a new Table 3.1.1 in GSTR-3B for reporting supplies notified u/s 9(5) of the Central Goods ...
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GSTN has introduced an option to file NIL GSTR-1 by selecting the check box without going through the process of ...
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As per the new update issued by GST, e-Invoice system says the taxpayers with turnover above Rs. 5 crore are ...
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GST Article

The power of detention and confiscation can not be invoked together

The Hon’ble Karnataka High Court in M/S Rajeev Traders v. Union of India [Writ Petition No.100849 of 2022 (T-RES) dated ...
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Whether Importer can be treated as the original owner of Goods for Provisional Release of Seized Goods under Customs Act

The Hon’ble Bombay High Court in Commissioner of Customs (Import) v. Dinesh Bhabootmal Salecha [CUSTOM APPEAL (L) NO. 20820 OF ...
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The assertion of clandestine removal cannot be proved merely by the testimony of some transporters

The Hon’ble Bombay High Court in the Principal Commissioner of Central GST & C. v. Filatex India Ltd. [Central Excise ...
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Seizure of the goods of the godown without jurisdiction may amount to misconduct

The Hon’ble Allahabad High Court in Mahavir Polyplast Pvt. Ltd. v. the State of U.P. And 2 others [Writ Tax ...
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GST in Media

Cancellation of confirmed train tickets, too, will now attract GST, on cancellation charges for that particular class of travel, according ...
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The National Anti-profiteering Authority (NAA) is “internally” investigating around 250 retailers following complaints that they raised prices of pre-packaged items, ...
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Finance Ministry has approached the Supreme Court for extension of time to open a special window for filing transitional credit ...
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States’ revenue growth will slide to 7-9 per cent in FY23 even as handsome GST collections will help in the ...
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The Supreme Court has said all details of the bidder winning a government contract need to be shared with the ...
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Overall revenue of top 17 states in the country, which account for 85-90% of aggregate gross state domestic product (GSDP), ...
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Retail prices of rice, wheat, flour, milk and curd sold in both the packaged and loose formats have increased sharply ...
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The government is considering scrapping integrated goods and service tax (IGST) on ocean freight and a proposal is likely to ...
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The Centre may release about `30,000 crore soon as GST (goods and services tax) compensation for June 2022, the last ...
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The Central Board of Indirect Taxes & Custom (CBIC) has said it is examining the issue related with taxability of ...
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Income Tax in Media

If you have won money playing online games in the previous financial year, then as per the Central Board of Direct Taxes (CBDT), you must file an updated ITR (i.e., ITR-U) and pay taxes on the online game winnings accordingly. The CBDT chairman Nitin Gupta, in an interview with PTI, said ...
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The Income-tax department has collected around Rs 28 crore in taxes after about 1 lakh returns were filed by taxpayers under the newly introduced return filing form called ITR-U, that was notified this year as part of the Budget 2022-23. CBDT Chairman Nitin Gupta said the scheme was brought by the ...
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/ Income Tax, Income Tax in Media, ITR, ITR-U
With an aim to make it more attractive for individual income taxpayers, the Centre is working to improve the two-year-old exceptions free income tax regime by providing lower tax rates, after the new system failed to gain traction. Further, the finance ministry is likely to terminate the old personal income tax ...
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The Income Tax Department carried out a search and seizure operation on August 09, 2022 on a business group primarily engaged in manufacturing and trading of ceramic tiles. The search action covered a total of 36 premises, spread across Rajkot, Morbi, Ahmedabad, Raipur, Guwahati, Gurgaon, and Kolkata. The search operation also ...
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India will be one of the first countries to use the paperless International Federation of Freight Forwarders Association (FIATA) multimodal bill of lading (eFBL), which is expected to promote ease of doing business by saving shippers time and money. A bill of lading (BoL) is a legal document issued by a ...
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/ GST in Media, Income Tax in Media
During the April-July period, the central government achieved more than a third of the direct tax collection for this financial year as personal tax collection exceeded corporation tax mop-up amid tightened enforcement and compliance measures, according to official figures. Overall direct tax collections, net of refunds, including corporation and personal income ...
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India will raise the tax issue being faced by Indian IT companies with Australia under the double taxation avoidance agreement, during a meeting between the two countries’ trade ministers next month, according to an official. Both countries signed the Double Taxation Avoidance Agreement (DTAA) in 1991 and it was updated in ...
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The income tax e-filing and GST Network portals are working “pretty well” and the systems are running effectively, Infosys CEO Salil Parekh has said. Infosys has developed both the portals and is also the backend technology support provider. In an interview to PTI, Parekh highlighted the high GST collections, and 5.8 ...
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The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources have said. Eventually, sources said, the government aims to establish a system where there are no exemptions and the complex old tax regime with exemptions ...
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To Smt. Nirmala Sitharaman Respected Finance Minister Government of India New Delhi Subject: Reducing the compliance and paper work of Businesses Reference: Clause No. 44 of the Tax Audit Report in Form No. 3CD Respected Madam, Taxpayers who are in the business with turnover above a certain threshold are required to ...
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E-invoice

E-invoice for tax payers with turnover above Rs. 5 Cr Sandbox testing enabled

Tax payers with turnover above Rs. 5 Cr are enabled for testing on Sandbox. In this regard, IRP has sent ...
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ALL ABOUT E – INVOICING

Introduction In this article we will study about E – Invoicing. E – Invoicing is a system which is for ...
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A list of GSTINs generating IRN has been issued by NIC

NIC has issued a list of GSTINs updated till 22.06.2022 generating an Invoice Reference Number. Download list As per the ...
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A list of GSTINs generating IRN has been issued by NIC at IRP

The National Informatics Centre -NIC has issued a list of GSTINs updated till June 03, 2022 generating Invoice Reference Number ...
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2- Factor Authentication for e-Way Bill and e-Invoice System

To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2- Factor Authentication for logging in to e-Way Bill/e-Invoice ...
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Maintenance work of ‘E-Invoice System’ scheduled on June 05, 2022 between 9PM and 10PM

There is a maintenance work being scheduled on the e-Invoice System on June 05, 2022 between 9:00 PM and 10:00 PM ...
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2 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

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