A. Amendment/Press Release
CBIC invites suggestions on draft ‘Central Excise Bill, 2024’
CBIC invites suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024. Read more
B. Article
Whether the adjournments granted for ASMT-10 proceedings be clubbed together to calculate the maximum permissible adjournments for proceedings u/s 73 of the Act?
The Honorable Calcutta High Court in the case of Pioneer Co-operative Car Parking Servicing and Construction Society Ltd. disposed of the writ petition holding that the adjournments granted for the notice issued u/s 61 cannot be clubbed together with proceedings u/s 73 of the CGST Act, 2017. Read more
C. GST Notes
Lawgics – Judgment No. 139
In the present case, dispute pertains to denial of input tax credit. Therefore, the petitioner cannot deposit any amount from its electronic credit ledger. The petitioner has to pre deposit 10% of the disputed amount from its electronic cash ledger. Read more
D. Tax in Media
GST probe wing set to widen scrutiny of pharma companies
The Directorate General of GST Intelligence (DGGI) is set to intensify the scrutiny of suspected tax evasion by pharmaceutical companies, over non-payment of dues. Read more
Noida Police slaps Gangsters Act against 33 in GST fraud case
The Noida police on Monday said that charges under the Gangsters Act have been invoked against 33 of the 45 accused arrested till date in the Goods and Services Tax (GST) fraud case. Read more
No Tax Recovery within 3 months of Notice: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field formations to not initiate recovery within three months of serving a tax notice, asking them to strike a balance between the interest of the revenue and ease of doing business. Read more
New central excise law in the offing
A new central excise law will replace the existing eight-decade-old Central Excise Act, the finance ministry said on Tuesday while seeking public comments on a draft bill. Read more
EPFO made changes to the EPF account, claims process in May 2024
The Employees’ Provident Fund Organisation (EPFO) has relaxed several regulations to make life easier for Employees’ Provident Fund (EPF) members in May 2024. The changes include an extended facility of auto-settlement, multi-location claim settlement, faster death claims. Read more
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