A. Amendment
Circular No. 15/2024- Customs dated 12.09.2024
Extends export related benefits for exports made through courier mode.
Notification No. 60/2024-Customs (N.T.) dated 12.09.2024
Regarding Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2024.
DGFT-Public Notice No. 23/2024-25 dated 12.09.2024
Regarding further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 31.10.2024.
B. Article
Obligation of the Assessee to reduce the price of the ticket in line with tax rate reduction
by CA Bimal Jain
The Hon’ble Telangana High Court in Sudarshan Theatre dismissed the writ petitions and held that the Assessee violated Section 171 of the CGST Act by failing to reduce ticket prices immediately following the GST rate reduction effective from January 1, 2019.
C. Tax in Media
No clarity on GST on services imports
As the 54th GST Council has granted exemption to the foreign airlines, various sectors facing tax notices on import of services are urging the government for clarity on the issue.
Madras HC seeks Centre’s response on PIL to bring petrol, diesel under GST
The Madras High Court has directed the Centre to respond within four weeks on a Public Interest Litigation (PIL) filed for bringing petrol and diesel under the Goods and Services Tax (GST).
No GST on R&D grants to educational institutes
The GST Council’s decision to exempt research and development (R&D) grants to educational institutions from GST is a transformative move for India’s higher education. It reduces financial burdens while fostering public-private partnerships, boosting innovation, and enhancing the scope for global competitiveness. All these will go a long way in strengthening India’s research ecosystem and supporting the ‘Atmanirbhar Bharat’ vision.
Former Byju’s staff get I-T notices for ‘unpaid’ TDS
The Income tax department has been sending notices of unpaid TDS (tds deducted at source) to former employees of edtech firm Byju’s over the last 10 days.
CBDT to participate in Special Campaign 4.0
CBDT to participate in Special Campaign 4.0
SC to decide fate of Rs. 20,000 – 23,000 crore of tax notices dating back 18 years
Whether the Department of Revenue Intelligence has the power to issue such notices.
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