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
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
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
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
Read More
A lot of people are still not clear about GST rates on certain goods and services and there are a ...
Read More
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
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
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
Read More
The Budget 2023 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1. The first part ...
Read More
Read More
1. Raising the minimum threshold for launching prosecution under GST from Rs. One Crore to Rs. Two Crores, except for ...
Read More
Read More
Ahead of the Union Budget for the financial year 2024, the Indian Medical Association has proposed a slew of demands ...
Read More
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
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
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
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
Read More
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
Read More
Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Monday said he was planning to send a number of proposals to ...
Read More
Read More
Punjab registered a record increase in GST and excise revenue, said Cabinet Minister Harpal Singh Cheema after unfurling the Tricolour ...
Read More
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
Read More
A revival in betel leaf export from India has been marred by the imposition of 18 percent Goods and Services ...
Read More
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
Read More
In an interim order, the Rajasthan High Court has stayed the show cause notice issued to MyTeam11 by the Directorate ...
Read More
Read More
The government may use the goods and services tax (GST) compensation cess for a clean energy fund to help access ...
Read More
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
Read More
The High Court on Monday issued notices to Telangana and the authorities of its tax regime, seeking answers from them ...
Read More
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
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
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
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
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
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
Read More
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
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
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
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
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
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
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
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
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
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
Read More
Nice
Really commendable.
So positive approach .
Most important and effective information shared by your team
Thanks alot, request send the future updates and guide me in respect of GST laws