A. Amendment
Notification No. 57/2024-Customs (N.T.) dated 31.08.2024
to make further amendment in the Sea Cargo Manifest and Transshipment Regulations, 2018.
Circular No. 12/2024- Customs dated 31.08.2024
Implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR)
DGFT Trade Notice 16/2024-25 dt 31.08.2024
Extension of Interest Equalization Scheme (IES) for Pre and Post shipment Rupee Export Credit for One month beyond 31.08.2024.
TNGST-Circular no.8 dt 29.08.24-Adjudication proceedings-certain guidelines
Commercial Tax Department of Government of Tamil Nadu, Ezhilagam, Chennai – issues a Circular no. 8/2024 dated 29.08.2024 issuing certain guidelines on the Adjudication proceedings.
Gross and Net GST revenue collections for the month of Aug, 2024
Income tax department intends to engage a MSP to Design, Develop, Implement, Operate and Maintain the PAN 2.0 Project
The Income Tax Department intends to engage a Managed Service Provider (MSP) to Design, Develop, Implement, Operate and Maintain the PAN 2.0 Project.
B. Article
GST Tribunal May Face Delay; Relaxed Eligibility Criteria could Invite Legal Challenges
By Vikash Agarwal
The recent relaxations in the eligibility criteria for Member (Technical) by states like UP, Rajasthan, and Odisha, along with the designation of Joint Commissioner instead of Additional Commissioner in Maharashtra, may raise further litigations and potentially delay the functioning of GSTAT.
C. Tax in Media
GST collections grow 10 per cent to Rs 1.75 lakh crore in August
GST collections in August went up by 10 per cent from the same period last year to Rs 1,74,962 crore, according to official statement of government. This growth was observed across all categories: Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess.
Infosys Faces Over Rs 3 Crore Tax Penalty Amid Alleged Discrepancies
Infosys has said that it has received a penalty notice of over Rs 3 crores from the Deputy Commissioner of Commercial Taxes in Bengaluru. The penalty pertains to alleged discrepancies in tax payments and the excessive use of Input Tax Credit for the financial year 2019-20.
Siemens receives potential tax demand order of ₹29.4 crore from Income Tax Department
Technology firm Siemens Ltd on Friday (August 30) said it has received a potential tax demand order from the Deputy Commissioner of Income Tax, Circle 8(2)(1), totalling approximately ₹29.4 crore.
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