Latest update 01.03.2024

Writ Petition can be filed for interim protection when Appellate Tribunal is not constituted – by CA Bimal Jain

The Hon’ble Calcutta High Court in the case of G.L. Kundu and Sons. Steel (P) Ltd. disposed of the writ petition, thereby holding that, writ petition can be filed for interim protection when Appellate Tribunal has been constituted. Read more

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Assessee is entitled to claim refund under Inverted Duty Structure even in case of same inward and outward supplies – by CA Bimal Jain Sir

The Hon’ble Kerala High Court in the case of M/s. Malabar Fuel Corporation allowed the writ petition and held that, Assessee is entitled to claim refund under Inverted Duty Structure even in case of same inward and outward supplies. Read more

STBA held a demonstration before the the Principal Commissioner, State Tax / T&T, Delhi to press some demands

Members of Sales Tax Bar Association (STBA) held a demonstration before the office of the Principal Commissioner, State Tax /T & T, Delhi today i.e. on 01 March 2024 to press for some of the following demands: Read more.

Lawgics – Judgment No. 080

Judgment deals with sec. 140 – Madras High Court case – Infac India Pvt Ltd. Read more

ACB books Sales Tax officer, 16 traders for Rs 175.93-crore GST fraud

THE MAHARASHTRA Anti Corruption Bureau (ACB) booked a Sales Tax officer along with 16 traders for allegedly causing losses of Rs 175.93 crore to the state government, the ACB said on Friday. Read more

Goa Government Waives Rs 49.5 Crore Pre-GST Arrears for 16,400 Traders Under OTS Scheme

To ease the burden on traders and promote smoother compliance with the Goods and Services Tax (GST) regime, Chief Minister Pramod Sawant announced today that the state government has waived off pre-GST arrears amounting to Rs 49.5 crore for approximately 16,400 traders under the one-time settlement (OTS) scheme. Read more

Union Finance Minister launches Electronic Data Interchange (EDI) at remote Land Customs Stations in North Eastern States

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations (LCS) of the North East Region (NER), via virtual mode in New Delhi today. With these remote LCS getting EDI-enabled, the movement of goods and customs clearances will now become more efficient, thus enhancing regional trade and fostering economic growth. Read more

Union Finance Minister virtually presides over handing-over ceremony of 101 antiquities seized by Customs to the Archaeological Survey of India (ASI)

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually presided over the handing-over ceremony of the antiquities seized by Customs to the Archaeological Survey of India (ASI) conducted by the Central Board of Indirect Taxes and Customs (CBIC), from New Delhi, today. The handing-over ceremony was held at seven different locations viz. Bengaluru, Bhopal, Bhubaneshwar, Delhi, Guwahati, Mumbai and Pune. Read more

Union Government releases another additional installment of tax devolution of Rs. 1,42,122 crore

Union Government releases another additional installment of tax devolution of Rs. 1,42,122 crore to strengthen hands of State Governments for financing various social welfare measures and infrastructure development schemes. With this release, States have received three installments of tax devolution in February 2024. Read more

Bengaluru tax payers are giving us buoyancy, says Nirmala Sitharaman

Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday hailed Bengaluru tax payers for their contributions in building a strong and ‘Viksit Bharat’, and said the Department of Revenue is running its entire national faceless income tax assessment scheme for Karnataka’s capital city. Read more

Nagaland Assembly passes bills on salaries and allowances of legislators; GST

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