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Latest update 22.08.2024

A. Amendment Sr. noCategorySubjectIn briefIn detail / Reference1CustomsCircular No. 10/2024- Customs dated 20.08.2024Regarding the use of ICETABs for efficient examination and clearance process.Read more B. Article Sr. no.CategoryTileAuthored by In detail / Reference1GSTGST Authority must consider the rectification application of the Assessee due to an inadvertent error made in Form ...

Latest update 21.08.2024

A. Amendment Sr. no.CategorySubjectIn briefIn detail / Reference1DGFTNotification no. 24/2024-25 dated 19.08.2024Export of non-basmati white rice under ITC (HS) code 10063090 to Malaysia through National Cooperative Exports Limited (NCEL) - reg.Read more2GSTNational Conference of Enforcement Chiefs of State and Central GST FormationsThe second edition of the National Conference of Enforcement ...

Latest update 20.08.2024

A. Tax in Media Sr. no.CategoryIn briefIn detail / Reference1GSTCustoms academy, ICAI join hands for capacity building of GST officersNACIN and the ICAI signed an MoU to collaborate on capacity building of GST officers.Read more2GST584 of 1,348 Jalandhar travel firms duck GST via loopholeExploiting a loophole in the law, 584 ...

Latest update 19.08.2024

A. Tax in Media Sr no.CategoryIn briefIn detail / Reference1GSTAdditional revenue can be raised by simplifying GST rates further, says IMF's Gita GopinathClick here to read more2GSTConsult board on law interpretation while auditing: CBIC to GST officialsClick here to read more B. Webinar this week Sr. no.CategoryTopicSpeakerDate/ TimeClick here to ...

Latest update 18.08.2024

A. Amendment Sr. no.CategorySubjectIn briefIn detail / Reference1DGFTDGFT Notif. 23/2024-25 dt 16.08.2024DGFT issued Notification no. 23/2024-25 on 16.08.2024 to prohibit the export of De-oiled Rice Bran up to 31.01.2025.click here to read more B. GST Notes/Article Sr. no.CategoryIn briefAuthored byIn detail / Reference1GSTFinance bill (No.2) 2024 on dated 16.08.2024 (Proposed ...

Latest update 17.08.2024

Sr. noCategorySubjectIn briefIn detail / Reference1Budget 2024Finance ActThe Parliament received the assent of the President on the 16th August, 2024 and the Finance Bill is now 'The Finance (No. 2) Act, hereby published for general information.Click here to read more2GSTInstruction No. 03/2024-GST dated 14.08.2024CBIC issued Instruction no. 03/2024-GST on 14.08.2024 ...

GST Article

IMS – Accept, reject and keep invoice on hold

In order to facilitate the taxpayer in matching their invoices with the invoices issued by their supplier for availing the ...

Confiscation Proceedings under Section 130 cannot be initiated for allegations regarding excess stock

The Hon’ble Allahabad High Court in the case of Shree Om Steels v. Additional Commissioner and Ors. [Writ Tax No ...

Opportunity of personal hearing should be granted to an Assessee before cancelling the GST registration

The Hon’ble Delhi High Court in the case of M/s Abhishek Appliance (P.) Ltd. v. Assistant Commissioner CGST [Writ Petition ...

Vouchers are Taxable as a Supply of Goods at the rate of 18%

The Authority for Advance Ruling, Uttar Pradesh, in case of M/s Payline Technology Private Limited, In Re [Ruling No. UP ...

GST in Media

Zomato receives fresh GST demand, penalty order amounting to Rs 17.7 cr

Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST ...

State registers 18 per cent rise in GST collection

Bihar has joined the top league of five states of the country by registering 18% annual growth in GST collection during fiscal 2023-24, said commercial taxes department (CTD) commissioner-cum-secretary, Sanjay Kumar Singh here on Wednesday. "Against 13% national average growth rate of GST collection, Bihar registered 18% grown rate during ...

Income Tax in Media

Hindustan Unilever gets Rs 963 crore Income Tax demand notice

Leading FMCG maker Hindustan Unilever (HUL) said that it has received a demand notice of Rs 962.75 crore from the ...

29/08/2024 / demand notice, HUL, income tax demand, Income Tax in Media

CBI arrests principal commissioner of Income Tax in Rs 10 lakh bribery case

The CBI on Tuesday arrested the principal commissioner of the Income Tax (Patna and Dhanbad) Department and four others over ...

29/08/2024 / Arrest, Bribe, Income Tax in Media, income tax officer

NRIs get IT Dept summons on foreign assets, residency status

Non-resident Indians (NRIs) are receiving summons from the investigation unit of the Income Tax department probing their association with foreign financial ...

28/08/2024 / Income Tax in Media, NRI, Summons

26% ITRs yet to be processed after 22 days of the deadline, will your ITR come under scrutiny?

The Income Tax Department has processed 73.71% of all the verified income tax returns (ITRs) as of August 22, 2024, ...

28/08/2024 / Income Tax in Media, income tax return filing, scrutiny of returns

Tax demands over non-linked PANs leave firms in tight spot

Many employers are in a fix over demand notices from the Income Tax (I-T) Department for short deduction of tax ...

28/08/2024 / demand notice, Income Tax in Media, income tax return filing, PAN Aadhaar linking

Lawgics-Judgments

GST Daily

Lawgics – Judgment No. 181

Synopsis: The SCN lacked specific details or evidence to support the allegations of fraud, willful misstatement, or suppression of fact ...

Lawgics – Judgment No. 180

Synopsis: The Supreme Court held that if construction of a building is essential for supplying services such as renting out, ...

Lawgics – Judgment No. 178

Synopsis: Section 6(2)(b) prohibits the initiation of parallel proceedings by State and Central authorities on the same subject matter. Once ...

Lawgics – Judgment No. 177

Synopsis: Under Section 161 of the CGST Act, 2017, if rectification adversely affects any person, the affected party is required ...

Lawgics – Judgment No. 176

Synopsis: Procedural lapse in Part B of the E-way bill was minor and curable and goods were moved within the ...

Lawgics – Judgment No. 175

Synopsis: Section 83(1) mandates that any provisional attachment order must contain reasons for the Commissioner’s decision to protect the government’s ...

GST DAILY – 270

Article Calcutta HC HC High Court opportunity of personal hearing sec. 73 of cgst act

Stay Yourself Updated on GST Adverse order can’t be passed without hearing assessee even if he didn’t file his response ...

GST DAILY – 269

Article Delhi HC HC High Court reply not considered in order

Proper Officer can’t reject assessee’s reply without considering it on merits: HC ...

GST DAILY – 268

Allahabad HC Article E-Way Bill HC High Court minor error in eway bill

Penalty set aside by HC in case of mere minor discrepancy in E-way bill as intent to evade tax is ...

GST DAILY – 267

Allahabad HC Article gst order HC High Court Show Cause Notice

HC held that demand in order cannot exceed the demand proposed in SCN; directed to treat such order as final ...