A. Amendment
| Sr. No. | Category | Subject | In brief | In detail/ Reference |
| 1 | Customs Notification (N.T.) | Notification No. 46/2024-Customs (N.T.) dated 28.06.2024 | CBIC issued Notification No. 46/2024 – Customs (N.T.) dated 28.06.2024 to hereby make amendments in the Notification no. 36/2001-Customs (N.T.) dated 03.08.2001 which relates to Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. | Click here to read more |
B. Article
| Sr. No. | Topic | In brief | Authored by | In detail/ Reference |
| 1 | Revenue department cannot vivisect the business agreement to create demand | The Hon’ble Bombay High Court in Piramal Enterprises Ltd held that clauses of business transfer agreement should be understood with the context it is entered into by parties, pick and choose approach adopted by the revenue to dissect the agreement, giving it a different meaning then by which it is entered into, is not sustainable, set aside the demand. | CA Bimal Jain | Click here to Read more |
| 2 | GST is not applicable on services of design engineering and contraction of water tanks by the Government Authority | The Uttarakhand AAR, in the case of M/s. THDC India Limited, held that there is no applicability of the RCM as per the provisions of the Notification No. 13/2017-Central Tax (Rate) dated June 28, 2017, as the supplier of services is not a “Local Authority”. Also, the services provided under the referred MOU i.e. design engineering and contraction of the water tank by the Government Authority are exempt in view of the provisions of the Notification No. 12/2017-Central Tax (Rate), dated June 28, 2017, as amended, as the supplier of services falls under the category of a “Governmental Authority”. In the instant case, the applicant being a receiver of services, there was no applicability of GST under Forward Charge. | CA Bimal Jain | Click here to read more |
C. GST Notes
| Sr. No. | In brief | Crafted by | Reference |
| 1 | Handbook of GST Law & Procedures for Departmental Officers | The Directorate General of Goods & Service Tax | Go to Handbook |
D. Tax in Media
| Sr. No. | Category | In brief | In detail / Reference |
| 1 | GST | GST simplified compliance, improved tax buoyancy; fake ITC generation still a challenge | Read more |
| 2 | GST | SGST Acts Against Real Estate Players; Prominent Builders Deposit Rs.9 Cr GST | Read more |
| 3 | GST | Easier compliance in focus as GST completes 7 years | Read more |
| 4 | GST | Budget 2024: Finance Bill likely to include enabling amendment to retract retrospective GST notices | Read more |
| 5 | GST | 7 Years Of GST: Finance Ministry Says Reform Reduced Tax On Household Goods, Relief To Every Home | Read more |
| 6 | GST | GST wing reaches out to traders to help clear dues | Read more |
| 7 | GST | GST raids on restaurants unearth massive tax evasion | Read more |
| 8 | GST | Zomato Faces Rs.9.5 Crore GST Demand Notice as Rival Swiggy Launches New Feature | Read more |
| 9 | Income tax | It’s taxing times for electoral bond buyers after Supreme Court’s Feb verdict | Read more |
| 10 | Income tax | Bank of Baroda receives Rs.1,068 crore demand order from IT Dept | Read more |
| 11 | Income tax | ITR: Last day for filing returns, penalty for missing deadline, and more — All you need to know | Read more |
| 12 | Other taxes | EPS withdrawal rules changed; lakhs of EPF subscribes to benefit | Read more |
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