Updates

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Recent update

A. Amendment Verification of FOB value indicated on COO Certificates issued as per ASEAN India Trade in Goods Agreement CBIC issued Circular dated 08.06.2024 addressing to The Chief Commissioner of Customs, Mumbai Customs Zone - II, JNCH, Raigad, Maharashtra regarding verification of FOB value indicated on COOO Certificates issued as ...
A. Amendment Notification No. 40/2024-Customs (N.T.) dated 06.06.2024 CBIC issued Notification No. 40/2024 - Customs (N.T.) dated 06.06.2024 to hereby determine that the rate of exchange of conversion of each of the foreign currencies into India currency or vice versa effective from 07.06.2024. Read more Circular No. 06/2024- Customs dated ...
A. Amendment Notification No. 39/2024-Customs (N.T.) dated 05.06.2024 CBIC issued Notification No. 39/2024 - Customs (N.T.) dated 05.06.2024 to hereby appoint officers to exercise the powers and discharge duties conferred or imposed on officers in respect of specified Noticee for purpose of adjudication of show cause notices mentioned in the ...
A. Amendment DGFT Notif. 15/2024-25 dt 05.06.2024 Notification No. 46 dated 30.11.2023 has been amended to the extent that the period for export of Broken rice for the quantity already notified vide notification no. 46 dated 30.11.2023 specific to Senegal and Gambia through NCEL has been extended for further 6 ...
A. Amendment/Press Release CBIC invites suggestions on draft ‘Central Excise Bill, 2024’ CBIC invites suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024. Read more B. Article Whether the adjournments granted for ASMT-10 proceedings be clubbed together to calculate the maximum permissible adjournments for proceedings ...
A. Amendment DGFT - Policy Circular No. 04/2024 dated 03.06.2024 DGFT issued Policy Circular No. 04/2024 dated 03.06.2024 providing relaxation in the provision of submission of 'Bill of Export' as evidence of export obligations discharge for supplies made to SEZ units in case of Advance Authorisation. Read more DGFT-Public Notice ...

GST Article

No, the Honorable Telangana High Court in Laxmi Fine Chem v. Assistant Commissioner [W.P. No. 5256 of 2024 dated 18.03.2024] ...
The Hon’ble Madras High Court in Zest Buildtek Promotors v. Deputy Commissioner of GST and Central Excise [W.P. No. 12349 ...
The Hon’ble Allahabad High Court in the case of Excellentvision Technical Academy (P.) Ltd. v. State of U.P.[Writ Tax No ...
Are there two different types of annual returns under Section 44 (1) of GST Act ? NO. There is only one ...
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GST in Media

According to official sources, "The Directorate General of GST Intelligence (DGGI) can not send any tax demand notices where it is an interpretation or a classification matter, without the approval of the policy wing under the Central Board of Indirect Taxes and Customs (CBIC)." DGGI is the central intelligence agency ...
In the wake of the fake ghee making factories that are busted every year. India's dairy sector has demanded a reduction in GST on ghee which currently attracts 12% tax. Representations from dairy sector players to the Central govt state that ironically imported palm oil, which is chemically hydrogenated, attracts ...

Income Tax in Media

Income Tax Returns (ITR) Filing: It is the annual tax season again in India, as we bring you all the details ...
Bank of Baroda (BoB) has received a demand order of Rs. 1,067.82 crore from the Faceless Assessment Unit, Income Tax ...
The 1,300 entities that purchased electoral bonds to make political donations potentially face questions from tax authorities on deductions that were made on these contributions with ...
Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the Central Board of Direct Taxes ...
HDFC Life Insurance on Friday said it has received a tax demand of Rs 1,495.17 crore from the Income Tax ...


Lawgics-Judgments

GST Daily

Synopsis: Procedural delays do not hinder justice, especially when the petitioner has made bona-fide efforts to comply with appeal requirements, ...
Synopsis: Once an amalgamating entity ceases to exist upon an approved Scheme of Amalgamation, the Revenue cannot issue SCNs in ...
Synopsis: Cancellation of GST registration is not contingent upon tax liability. Judgment no. 158 dated 18.07.2024 is presented below for your reading ...
Synopsis: Procedural mistakes in transitioning ITC should not lead to denial of credit if substantive entitlement is proven, when petitioner ...
Synopsis: Any communication without a DIN is deemed invalid and considered as never issued as per Circular No. 122/41/2019-GST dated ...
Since the SCN for cancellation of RC was not issued in the correct form, the entire proceedings, including the cancellation ...
THE HON'BLE MADRAS HIGH COURT IN THE CASE OF ANGEL LABEL DIVISION AND ANGEL ZIPPEL (HUF) V/S ASSISTANT COMMISSIONER (ST)(FAC), ...
HC remanded matter as AO imposed tax liability though services were taxable on RCM basis ...
Order confirming demand to be quashed since assessee explained disparity due to reflecting GST amount under wrong head: HC ...
HC remanded matter as ITC was rejected without considering documents produced by assessee ...
Limitation Act doesn’t apply to appeals filed under GST law ...
Confiscation of stock based on estimate is illegal; HC slams authorities for acting in a callous manner: HC ...

Lawgics-GST Notes

Lawgics – serial no. 164

Lawgics / GST Notes by Advocate and Author Nidhi Aggarwal. Sec.168A and interpretation thereof ...

Lawgics – serial no. 163

Lawgics / GST Notes by Advocate and Author Nidhi Aggarwal. Sec.168 and interpretation thereof ...

Lawgics – serial no. 162

Lawgics / GST Notes by Advocate and Author Nidhi Aggarwal. Sec.167 and interpretation thereof ...

Lawgics – serial no. 161

Lawgics / GST Notes by Advocate and Author Nidhi Aggarwal. Sec.162 and interpretation thereof ...

Lawgics – serial no. 160

Lawgics / GST Notes by Advocate and Author Nidhi Aggarwal. Sec.162 and interpretation thereof ...

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

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