TDS Rate Chart (FY 2024-25; AY 2025-26)
Author CA Aman Rajput, presented the TDS rate chart for FY 2024-25; AY 2025-26 in the table below.
Month: January 2025
Everything about new TDS section 194T
All about New TDS Section 194T coming into effect from 01.04.2025
Kerala GST Notif.no.2/2025-Sate Tax-dt. 17.01.25 on E-Way Bill
Commissioner of State tax, notified implementation of e-way bill for intrastate movement of gold and precious stones with effect from 01.01.2025, as per Notification No. 10/2024 dated 27.12.2024. But the same could not be implemented due to technical issues in the portal for e-way bill generation and hence kept in abeyance vide Notification No. 1/2025-Sate Tax dated 08.01.2025…
DGFT Notif. 52/2024-25 dt 20.01.2025
DGFT issued Notification No. 52/2024-25 dated 20.01.2025 on Amendment in Export Policy condition of Agarwood (Aquilaria Malaccensis) Chips and Powder and Agar Oil obtained from artificially propagated sources.
Pre-June, 2019 Duty Quantification Validates SVLDR Application
The Hon’ble Bombay High Court in the case of Bramhanand Kanojia disposed the writ petition where pursuant to summons, a statement was recorded on wherein the Assessee admitted his liability and agreed to pay outstanding liability, along with interest, duty demand was quantified much before June 30, 2019. Hence, Assessee could not be disqualified under Section 125(11)(e) of Sabka Vishwas Scheme, 2019 and application for settlement of dispute under the SVLDR Scheme could not be rejected.
Delay of 285 days in filing of Appeal Condoned in case where no hard copy of the order was served to the Assessee
The Hon’ble Madras High Court in the case of Tvl. Deepa Traders allowed the writ petition and thereby condoned the delay of 285 days in filing of appeal in case where the Order passed, though uploaded on GST Portal, but was not served physically.
Two arrested for cheating jeweller of Rs 40 lakh by posing as I-T and GST officials
The Greater Chennai Police on Saturday said they arrested two men pretending to be I-T and GST officials who allegedly cheated a jeweller of Rs 40 lakh by assuring him they could procure gold bullion from banks at cheaper rates.
Notification no. 01-2025 – Compensation Cess (Rate) dated 16.01.2025
Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 01/2025 – Compensation Cess (Rate) dated 16.01.2025 which Seeks to prescribe Compensation cess rate of 0.1% on supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions.
