A. Amendment
DGFT Notif. 15/2024-25 dt 05.06.2024
Notification No. 46 dated 30.11.2023 has been amended to the extent that the period for export of Broken rice for the quantity already notified vide notification no. 46 dated 30.11.2023 specific to Senegal and Gambia through NCEL has been extended for further 6 months up to 30th November, 2024. Read more
B. Article
‘erroneous refund’ even if the issue had different interpretations by Hon’ble SC and HC
The Hon’ble CESTAT upheld that SCN issued by the department for the recovery of an erroneous refund. This decision came even after the matter was ultimately held in favour of the revenue by the Hon’ble SC, despite the taxpayer having received a favourable ruling from the HC. Read more
C. GST Notes
Lawgics – Judgment No. 140
The appeal filed against the aforesaid order has been dismissed on the ground of limitation only. Bar of limitation may bar the remedy of appeal but it does not bar the petitioner’s right to seek his constitutional remedy under Article 226 of the Constitution of India, particularly when the impugned order affects valuable rights of the petitioner and the same has been passed without assigning any reason. Read more
D. Tax in Media
Press Release: CBIC Chairperson inaugurates GST Bhawan at Rohtak, Haryana. Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs (CBIC), inaugurated the GST Bhawan, an official complex of CGST Rohtak Commissionerate at Rohtak, Haryana. Read more
CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts through PFMS from 5th June 2024
In an effort to facilitate trade, Central Board of Indirect Taxes and Customs (CBIC) will electronically disburse duty drawback amount directly to exporter’s bank account in a transparent and efficient manner with effect from today, 5th June, 2024. Read more
GSTN portal downtime
GST Portal services will not be available until 6th June’24 6:30 AM due to maintenance Read more
Tax issues may force airlines to exit India: IATA DG
Global airlines fear the complexities of India’s tax system could drive them away from the world’s third-largest aviation market, warned the International Air Transport Association (Iata). Read more
IATA opposes GST levy on foreign airlines in India
Foreign airlines operating in India should not be liable to pay goods and services tax (GST) on services provided by their headquarters to local offices in India, International Air Transport Association ( IATA) said on Tuesday. Read more
DGGI busts Rs.80 crore GST evasion by peanut butter companies in Gujarat
DGGI,, Ahmedabad Zonal Unit, uncovered that these companies misclassified chocolate-flavored peanut butter, taxed at 18%, as plain peanut butter, taxed at 12%, resulting in a 6% tax evasion. These raids uncovered alleged tax evasion of Rs.80 crore and led to an immediate recovery of Rs.5 crore. Read more
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