A. Amendment
GST Instruction: Guidelines for initiation of recovery proceedings before three months from the service of demand orders – regarding
CBIC issued an Instruction No. 01/2024-GST dated 30.05.2024 providing guidelines for initiation of recovery proceedings before three months from the service of demand orders. Read more
GST: Notification no. 11/2024 – Central Tax dated 30.05.2024
CBIC issued Notification no. 11/2024-Central Tax dated 30.05.2024 to make further amendment in the notification no. 02/2017-Central Tax dated 19.06.2017 to assign Kotputli- Behror to CGST Alwar Commissionerate Read more
GST: Delhi State Instruction – Protecting the interest of the Government revenue while issuing refund under GST and DVAT Act
Delhi Government issued an Instruction F. No 3(523)/GST/POLICY/2024/1543-51 dated 22.05.2024 regarding protecting the interest of the Government revenue while issuing refund under GST and DVAT Act. Read more
DGFT: DGFT-Amendment in Handbook of Procedures, 2023 and modification in SION for export of jewellery
DGFT issued Public Notice No. 05/2024 dated 27.05.2024 to make amendment in Handbook of Procedures, 2023 and modification in SION for export of jewellery Read more
DGFT Trade Notice 04/2024 dt 28.05.2024
DGFT issued Trade Notice No. 04/2024-2025 dated 28.05.2024 to keep abeyance the Public Notice No. 05/2024 dated 27.05.2024. Read more
DGFT – Public Notice No. 06/2024 dated 28.05.2024
DGFT issued Public Notice No. 06/2024-2025 dated 28.05.2024 to keep abeyance the Public Notice No. 05/2024 dated 27.05.2024. Read more
DGFT – Public Notice No. 07/2024 dated 29.05.2024
DGFT issued Public Notice No. 07/2024-2025 dated 29.05.2024 to do modification of SION E-125 for export of Shea Stearine. Read more
DGFT – Policy Circular No. 03/2024 dated 30.05.2024
DGFT issued Policy Circular No. 03/2024 dated 30.05.2024 regarding clarification of Para 4.17 of Hand Book of Procedures 2023. Read more
DGFT- Addendum to DGFT – Policy Circular No. 03/2024 dated 30.05.2024
DGFT issued Addendum to Policy Circular No. 03/2024 dated 30.05.2024. Read more
Income tax – Notification no. 45/2024 dated 27.05.2024
CBDT issued Notification No. 45/2024 dated 27.05.2024 to notify RBI to be a person u/s 206AB(3)(ii) of Income tax Act, 1961 Read more
Income tax – Notification no. 46/2024 dated 27.05.2024
CBDT issued Notification No. 46/2024 dated 27.05.2024 to notify RBI to be a person u/s 206CCA(3)(ii) of Income tax Act, 1961 Read more
Income tax – Notification no. 47/2024 dated 29.05.2024
CBDT issued Notification No. 47/2024 dated 29.05.2024 to notify RBI to be a person u/s 10(46A)(b) of Income tax Act, 1961 Read more
B. GST Notes
Lawgics – Judgment No. 137
HC Madras Undoubtedly, it is not open to the Department to reopen the same issue vide new show cause notice after issuing order dated 23.12.2023. Thus, the petitioner was directed to respond to the show cause notice only insofar as it pertains to the issues of under declaration of ineligible ITC and invalid ITC under Section 16(4). As regards the issue relating to reconciliation of GSTR-1 and GSTR-3B, the impugned show cause notice was set aside to that extent. Read more
C. Article
Before time GST recovery if Necessary or Expedient
The GST law although allows the before time recovery, however only where it is expedient in the interest of revenue Read more
Whether Penalty can be levied on the employee of the Company u/s 122(1A) of CGST Act?
Whether Penalty can be levied on the employee of the Company u/s 122(1A) of CGST Act who is not directly involved in day-to-day affairs of the company and has not retained any benefit of the transaction? Read more
GST DAILY – 213
HC set aside demand order as it was passed without providing personal hearing to assessee Read more
GST DAILY – 214
Brokerage services for processed agricultural produce would be taxable at 18% under GST: AAR Read more
GST DAILY – 215
HC directed dept. to remit cash seized during search and seizure operation along with interest to assessee Read more
GST DAILY – 216
HC upheld penalty since assessee failed to produce invoice and e-way bill during interception of goods Read more
Response to a Trade Dispute, not a Tax evasion – AG opines against EU commission
The EU and the US had a trade dispute and imposed extra taxes on some goods from each other. ‘A’ decided to move its production for the EU market from the US to Thailand, where the taxes were lower. The EU did not accept that the motorcycles from Thailand had a different origin and still wanted to tax them more. Read more
HC grants stay on Demand Order wherein Validity of Extension Notifications Under section 168A of the CGST Act, Challenged
The Hon’ble High Court of Andhra Pradesh in the case of M/s. Fluentgrid Limited held that it is the ‘due date’ and not the ‘actual date’ of filing of returns which is relevant for limitation purposes, and directed that no coercive action would be taken till the next date of hearing. Read more
Proper Officer has to mandatorily disclose the reasons for the rejection of the GST Refund
The Hon’ble Rajasthan High Court in the case of M/s. Maple Luxury Homes held that the proper officer to disclose to the Assessee the reason for rejection of the GST Refund application with an object to invite a response, consider the same and pass an order. Read more
D. Tax in Media
Government employees protest against lack of proper system to deduct income tax for those opting for old tax regime
A group of employees of the State government protested against lack of proper system to deduct income tax from salary of employees who have opted for the old income tax regime. Read more
I-T department seizes record Rs 1100 cr cash, jewellery
During the ongoing Lok Sabha elections, the Income Tax Department has made a record seizure of cash and jewellery amounting to a huge amount of Rs 1100 crore, according to sources reporting to ANI. Read more
You can now know why your ITR has been shortlisted for scrutiny by taxmen
The Income Tax department released guidelines earlier this month for selecting tax returns for scrutiny in the financial year 2024-25. This is good news for taxpayers, as it provides more clarity on why their returns might be chosen for a closer look. Read more
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