Latest update 04.01.2025
A. Article
Co-owner consent is not required for availing GST registration
The Hon’ble Allahabad High Court (Lucknow Bench) in the case of Satya Dev Singh held that the co-owner consent is not required when in the primary document of proof of ownership such as electricity bill, owner’s name is mentioned.
Orders issued under Section 73 of the CGST/SGST Acts must carry the digital or manual signature
The Hon’ble Kerala High Court in the case of M/s. Fortune Service & Ors v. Union of India & Ors. [WP (C) Nos. 20656/2024, 22886/2024, 25526/2024, 26672/2024, 26855/2024, 27724/2024, 29264/2024, 29918/2024dated November 29, 2024] allowed the writ petition, where the issue was whether orders issued under Section 73 of the Central Goods and Service Tax Act, 2017 (“the CGST Act”) / the state Goods and Service Tax Acts, 2017 (“the SGST Act”) must carry the digital or manual signature of the officer passing the order in order to treat the order to be a valid order for the purposes of the CGST/SGST Acts.
B. Tax in Media
No cause for concern over sufficiency of GST cess fund: Finance Ministry
The finance ministry Thursday said there is no cause for concern regarding the sufficiency of the compensation cess fund under Goods and Services Tax (GST), and that the Centre is on track to meet all related compensation and repayment obligations.
Placing order for salty popcorn along with movie ticket online may result in 12-18% GST
Consuming loose and salted popcorn in a movie theatre can attract GST up to 18 per cent. GST rate on popcorn bought together with movie tickets will be 12 per cent or 18 per cent based on the ticket price if the bundled supply satisfies the test of composite supply.
Can unregistered small businesses receive GST notices?
A recent report highlighted that the Gujarat State GST department has intensified its focus on business-to-consumer (B2C) sectors, aiming to close tax compliance gaps. Industries such as ice-cream parlours, salons, coaching classes, and mobile phone dealers are under the scanner for potential tax evasion and non-compliance.
GST on vouchers and gift cards: All you need to know
Gift vouchers and prepaid cards have become popular payment tools for consumers, but their tax implications often raise questions. The Reserve Bank of India (RBI) classifies these as prepaid instruments, and the Central Board of Indirect Taxes and Customs (CBIC) has clarified their treatment under the Goods and Services Tax (GST) framework.
I-T dept set to enhance operations in 2025 by adopting PRUDENT approach
The Central Board of Direct Taxes (CBDT) is set to enhance its operations in 2025 by adopting a so-called ‘PRUDENT’ approach, as highlighted by chairman Ravi Agrawal in his end-of-year address to the Income Tax Department.
A Digital Life Certificate (DLC) is an electronic document that confirms the survival of a pensioner. Traditionally, pensioners had to submit physical life certificates to pension disbursing authorities annually. However, the introduction of Digital Life Certificate has significantly streamlined this process, making it more convenient and efficient for senior citizens.
EPS pensioners can now withdraw their pension from any bank in India
The pensioners under the Employees’ Pension Scheme (EPS), 1995, will have the flexibility to access their pensions from any bank branch in India from January 1, 2025. This system will allow 7.8 million members of EPS to withdraw their pensions from any bank branch across the country.
GST Refund Course
Your view and suggestion welcome!
We understand that every taxpayer, tax professionals and even taxman need to have better insight about GST Refund. It is because that not only the taxpayer doing export-import have the refund applicability but to every taxpayer who mistakenly pay excess tax and struggle to get his money back from the revenue.
But, before we conduct the course, we wish to have your view and suggestion on how you want us to conduct this course.
Tentatively the course would be conducted in January 2025.
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