LIC received a demand notice of Rs 39.39 lakh on it for short payment of GST for 2017-18.
Suspending scroll for IGST/RoDTEP/RoSCTL/Drawback
Office of the Commissioner of Customs (Export) Drawback Section, New Customs House, Ballard Estate, Mumbai issued a Trade Notice Suspending scroll for IGST/RoDTEP/RoSCTL/Drawback.
No GST on renting of hostel rooms for residential purpose: Madras High Court
In a significant ruling, the Madras High Court has held that hostels being used for residential purposes will not attract goods and services tax.
NACIN Mumbai hosts GST symposium on online gaming legal framework
The National Academy of Customs, Indirect Taxes & Narcotics (NACIN) in Mumbai conducted a GST Symposium titled “Decoding the new GST legal framework for Online Gaming” on March 21, 2024. The symposium, inaugurated by Prabhat Kumar, Principal Additional Director General (Pr.ADG) of NACIN, aimed to shed light on the latest amendments and their implications for the burgeoning online gaming industry. With […]
Exercise caution & probe deeper before arrests in GST fraud cases
Exhorting GST authorities to exercise caution and deeper examination before authorizing arrest of businessmen for tax evasion, Justice Uajjal Bhuyan of the Supreme Court on Saturday said the reasons “you have to suspect a person cannot be equated with the reasons to believe”. The extreme action of arresting a person should be backed by strong […]
DCB Bank Integrates with GST Payment portal
DCB Bank, a new-generation private sector bank, announced that it had successfully implemented and integrated with the Goods and Service Tax payment portal (GSTN). This complements the Direct Tax payments facility offered from DCB Bank that include Income tax, Advance Tax, and Tax Deduction at Source (TDS) payment, etc. The Direct Tax payment facility was launched last […]
Latest update 25.03.2024
Recap of Latest updates posted on 25.03.2024
SOP for stepping up of Preventive Vigilance Mechanism by the jurisdictional CBIC field formations
CBIC issued an Instruction No. 06/2024-Customs dated 23.03.2024 prescribing the ‘Standard Operating Procedure for stepping upon of Preventive Vigilance Mechanism by the jurisdictional CBIC field formations and to prevent flow of suspicious cash, illicit liquor, drugs/ narcotics, freebies and smuggled goods during elections’.
Appellate Authority has the discretion to allow an appeal presented after the expiry of the limitation period
The Hon’ble Calcutta High Court in the case of Arvind Gupta held that the Appellate Authority has the discretion to allow an appeal to be presented within one month after expiry of the period of limitation stipulated from the date of communication of the order upon sufficient cause being shown as per Section 107(4) of the CGST Act.