A. GST Daily/ Article
1. GST DAILY – 199 :
HC directed dept. to serve notice through another mode if reply issue not received on emailed notice. Read more
2. GST DAILY – 200 :
GSTN has issued an Advisory for Enhanced E-Invoicing Initiatives & Launch of Enhanced e-invoice portal. Read more
3. GST DAILY – 201 :
Limitation period for filing appeal would commence from date of service of order-in-original. Read more
4. Assessment Order quashed when Assessee incorrectly reported turnover in GSTR-1 but correctly in GSTR-3B:
The Hon’ble Madras High Court in the case of Southern Engineering Services allowed the writ petition and set aside the Assessment Order thereby holding that, the Assessment Order is liable to be quashed in case where Assessee incorrectly reported turnover in GSTR-1 but correctly in GSTR-3B. Read more
B. GST Notes/Lawgics
5. Lawgics – Judgment No. 112
The petitioner did not raise objections to the audit report and instead participated in proceedings culminating in the impugned order. At this point of time, it is not open to petitioner to raise objection with regard to audit. The impugned order was issued on 28.12.2023 and petitioner failed to avail the statutory remedy available against such order. Read more
C. Amendments
6. DGFT: Imposition of Port restriction on supply of Prohibited/ Restricted essential commodities to the Republic of Maldives during 2024-25.
The Directorate General of Foreign Trade (DGFT) issued Notification No. 06/2023 dated 15.04.2024 for imposition of port restriction on supply of prohibited / restricted essential commodities to the Republic of Maldives during 2024-25. Read more
7. DGFT: Export of Onions to Sri Lanka and UAE
The Directorate General of Foreign Trade (DGFT) issued Notification No. 07/2023 dated 15.04.2024 vide which the Central Government permits the export of the following quantity of onion (under HS code 0703 10 19) to Sri Lanka and UAE through National Cooperative Exports Limited (NCEL). Read more
D. Tax in Media
8. GST: Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials
Apollo Tyres Ltd on Tuesday said it has received tax demand and penalty of Rs 2.06 crore from GST authority in Tamil Nadu over availing of input tax credit and other issues. Read more
9. GST: State registers increase of about Rs 3K crore in GST collection
The West Bengal state government registered an increase of Rs 3,000 crore in its GST (Goods and Services Tax) collection for the financial year (FY) 2023-24 Read more
10. GST: CGST Raipur busted the mastermind of generating bogus invoice and passing of ITC
Based on an specific intelligence, data analysis and extensive surveillance a network of 13 fake firms created with sole purpose of generating bogus invoices and passing of Input Tax Credit (ITC) was busted by CGST Raipur recently. Mastermind behind the racket Shri Hemant Kasera was also arrested on 04.04.2024. Read more
11. GST: Insurers to breathe easy as GST may be lifted from reinsurance after elections
The insurance sector is likely to see a breather from tax burden with the GST Council set to review an exemption for reinsurance after the elections, Moneycontrol has learnt. Read more
12. Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Taxpayers in India are gearing up for the impending deadline as the clock ticks closer to the last date for filing Income Tax Returns (ITR). With July 31, 2024, looming as the cutoff, individuals across the nation are urged to ensure timely submission to avoid incurring additional charges or penalties. Read more
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