A. Amendment
| Sr. no. | Category | Subject | in brief | in detail / reference |
| 1 | GST | Notification No. 02/2024-Central Tax (Rate) dated 12.07.2024 | Amends GST rate on goods notification No. 1/2017- Central Tax (Rate). | click here to read more |
| 2 | GST | Notification No. 03/2024-Central Tax (Rate) dated 12.07.2024 | Amends notification No. 2/2017- Central Tax (Rate) related to GST rate exemption on goods. | click here to read more |
| 3 | Customs | Notification No. 27/2024-Customs dated 12.07.2024 | Provides exemption from Compensation Cess leviable on imports by SEZ unit or developer for authorised operations. | click here to read more |
| 4 | Customs | Notification No. 28/2024-Customs dated 12.07.2024 | Amends notification No. 50/2017-Customs to give effect to the recommendation of the 53rd GST Council meeting. | click here to read more |
B. Article
| Sr no | Category | Title | Authored | in detail /reference |
| 1 | GST | Assessee entitled to personal hearing opportunity after passing of Order when amount of tax payable has been appropriated The Hon’ble Madras High Court in the case of Amarjyothi Carrying Corporation quashed the assessment order and remanded back the matter thereby holding that the Assessee is entitled to personal hearing opportunity after passing of the assessment order due to discrepancy in return when amount of tax payable has been appropriated from bank account. | CA Bimal Jain | click here to read more |
| 2 | GST | Section 107: Dismissal of Writ Petition Due to Statutory Remedy The petitioner requested the court to quash an ex-parte demand order and show cause notice issued under Section 73 of the SGST Act. A preliminary objection was raised regarding the petition’s maintainability, highlighting that an appeal is available under Section 107 of the GST Act against the impugned order. | Ms. Meenakshi Jain | click here to read more |
| 3 | GST | ITC on Employee Perquisites – Business or Personal Consumption? Hon’ble Supreme Court addressed a similar issue recently: whether the purchase of motor cars by a company, provided as prerequisites to its whole-time directors, falls under the category of ‘commercial purpose’ or ‘personal consumption.’ | Mr. Vikash Agarwal | click here to read more |
C. GST Notes
| Sr. no. | Category | In brief | Authored by | in detail / reference |
| 1 | GST | Synopsis of Circulars and Notifications pursuant to 53rd GST Council meeting | Mr. B. Venkateswaran. | Go to PPT |
| 2 | GST | Chapter -3 – IGST Act, 2017 – Q&A format 1. IGST is charged on which product/transactions ? 2. on which value IGST is charged? like wise are 10 slides in this chapter 2 | CMA Anil Sharma | Go to Notes |
D. Tax in Media
| Sr. no. | Category | in brief | in detail/ reference |
| 1 | GST | Police seize property worth Rs 2.5-crore in GST fraud case | click here to read more |
| 2 | GST | Karnataka Milk Federation urges GST council to reclassify flavoured milk, reduce tax to 5% | click here to read more |
| 3 | GST | Budget 2024 expectations: Food Services sector seeks industry status, Input Tax Credit, 24×7 operations | click here to read more |
| 4 | GST | CBIC issues fresh norm for recovery of GST dues | click here to read more |
| 5 | Income tax | Delhi High Court orders income tax exemption for Noida | click here to read more |
| 6 | Income tax | SC pulls up income tax for late filing of cases, junks plea against Xerox for 290-day delay | click here to read more |
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