A. Amendment
| Sr. no. | Category | Subject | in brief | in detail/ reference |
| 1 | Customs | Instruction regarding proper description of cranes in import documents and for provisional assessment – Customs | instruction regarding proper description of cranes in import documents and need for provisional assessment to prevent misdeclaration of age and capacity of old and used cranes & finalisation of Bills of Entry after receiving RTO registration certificates. | Click here to read more |
B. GST Notes
| Sr. no. | Category | in brief | authored by | in detail/ reference |
| 1 | GST | Lawgics – Judgment No. 151 The GST Appeal can be filed belatedly with an application for condonation of delay by invoking the provisions of Section 5 of the Limitation Act, 1963 | Adv. Nidhi Aggarwal | click here to read more |
| 2 | GST | GST DAILY – 233 Confiscation of stock based on estimate is illegal; HC slams authorities for acting in a callous manner: HC | CA Pradeep Modi | click here to read more |
| 3 | GST | GST DAILY – 234 Limitation Act doesn’t apply to appeals filed under GST law | CA Pradeep Modi | click here to read more |
| 4 | GST | GST DAILY – 235 HC remanded matter as ITC was rejected without considering documents produced by assessee | CA Pradeep Modi | click here to read more |
C. Article
| Sr. no. | Topic | in brief | Authored by | in detail / reference |
| 1 | GST | Whether recovery proceedings can be initiated within three months following the issuance of an order? | CA Ritesh Arora | Click here to read more |
D. Tax in Media
| Sr. no. | Category | in brief | in detail/ reference |
| 1 | GST Budget | As Finance Minister Nirmala Sitharaman prepares to present the first Budget in the third term of the BJP-led NDA government on July 23, policymakers are pushing for a revision in indirect tax rates to give a fillip to flagging consumption. | read more |
| 2 | Income tax | The income tax return (ITR) filing deadline for most individual taxpayers (whose accounts are not required to be audited) for the FY 2023-24 (AY 2024-25) is July 31, 2024. If a taxpayer misses the last date for filing ITR, then a penalty (also known as late filing fee) is levied. | read more |
| 3 | Income tax | From 16 is usually issued by employers to employees and provides a summary of the salary income earned and the taxes deducted at source (TDS). However, some salaried individuals, as well as freelancers, consultants, and those with income from multiple sources, may not receive Form 16. This can cause confusion when filing the Income tax return (ITR) without this essential document. | read more |
| 4 | Income tax | The Income tax Act prescribes for payment of advance taxes if a taxpayer’s liability is more than Rs. 10,000. Section 234C provisions which entails payment of interest for an entire three month period, till the next instalment date is unfair, especially for certain sections of individuals – like gig workers. Will Budget 2024 usher in a suitable amendment | read more |
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