39 ViewsThe Hon’ble Madras High Court in Tvl. Thiruvannamalaiyar Transport v. the Deputy State Tax Officer & Anr. [W.P. No. 32960 of 2022 and WMP. No. 32361 of 2022 in W.P. No. 32960 of 2022 dated December 13, 2022] has set aside the detention order passed against the assessee on the grounds of expiry of […]
Demand order u/s 129 of the CGST Act can’t be passed beyond the period of 7 days from the date of service of notice
53 ViewsThe Hon’ble Madras High Court in the matter of Deepam Roadways v. the Deputy State Tax Officer and Ors. [W.P. No. 476 of 2023 and Ors. dated January 23, 2023] quashed the notice of detention of goods and the consequential demand order issued to the assessee, on the grounds that they were not in […]
Budget 2023: Gold industry wants FM Sitharaman to reduce import duty, bring more transparency to sector
30 ViewsThe Budget 2023 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1. The first part of the budget session 2023 is expected to continue till February 10. The complete session is likely to begin on January 31 and is expected to conclude on April 6 with a recess in […]
T.N. among top five States receiving GST compensation, says RBI study
35 ViewsTamil Nadu was among the top five GST compensation receiving States during the five-year transition period from July 2017 to June 2022, according to a study by the Reserve Bank of India (RBI). Read more at : The Hindu
Will soon send reform proposals to make GST system more efficient, without amending of laws: T.N. Finance Minister
Tamil Nadu Finance Minister says that he was planning to send a number of proposals to make GST Council and GST system much more efficient.
Updates in validations of e-invoice
With reference to the circular https://cbicgst.gov.in/pdf/circular184.pdf a new validation has been incorporated. The list of items should have only the items with HSNs belonging to 9965 and 9968
Expected Changes in GST; Union Budget 2023-24 in the Finance Bill 2023
Expectation changes in GST from the Union Budget 2023-24.
1. Raising the minimum threshold for launching prosecution
2. Decriminalize certain offences
and more
Ex-parte assessment order passed in violation of the principles of natural justice entails civil consequences
51 ViewsThe Hon’ble Patna High Court in M/s Balram Singh v. Union of India & Ors. [Civil Writ Jurisdiction Case No. 88 of 2023 dated January 20, 2023] quashed and set aside the ex-parte assessment order passed by the Revenue Department rejecting the Input Tax Credit (“ITC”) claim of the assessee and imposing the tax […]
Budget 2023: From welfare fund for doctors to zero-rate GST, IMA’s demand to govt
54 ViewsAhead of the Union Budget for the financial year 2024, the Indian Medical Association has proposed a slew of demands and suggestions. The IMA has asked the government that the funds for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojna (AB-PMJAY) should be used exclusively for the private sector for strategic purchase and creating […]
Punjab registered record rise in GST revenue, says Harpal Singh Cheema
64 ViewsPunjab registered a record increase in GST and excise revenue, said Cabinet Minister Harpal Singh Cheema after unfurling the Tricolour on the 74th Republic Day celebrations held here on Thursday. Elaborating the revenue growth, he said the state registered a record increase of 24.5 per cent in revenue from GST and 34 per cent […]