Latest update 10.07.2024

A. Amendment

Sr. no.CategorySubjectin briefin detail/ reference
1GSTAdministrative Instructions on GST Audit – MGSTThe Office of the Commissioner of State Tax, GST Bhawan, Mazgaon, Mumbai -10 issued Administrative Instructions on 09.07.2024 providing clarification to the guidelines related to GST Audit’s instruction dated May 2024.Click here to read more
2CustomsInstruction No.17/2024-Customs dated 05.07.2024CBIC issued Instruction no. 17/2024-Customs on 05.07.2024 regarding authorised officers under section 25 read with section 47(5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13(1) of FSS (Import) Regulation, 2017.click here to read more
3CustomsCircular No. 09/2024- Customs dated 09.07.2024CBIC issued Instruction in Circular no. 09/2024- Customs on 09.07.2024 regarding amendment in Circular No. 29/2020-Customs dated 22.06.2020 for allowing transshipment of Bangladesh export cargo to third countries through Air Cargo Complex, Kempegowda International Airport, Bengaluru.click here to read more
4GSTNIncrease in size of documents upload in Principal Place of Business and Additional Place of Business for New Registration and AmendmentGSTN is pleased to inform that changes have been made in size of document upload in Principal Place of Business and Additional Place of Business for New Registration and Amendment catering to the grievances received in the matter from trade.Click here to read more

B. GST Notes

Sr. no.Categoryin briefauthored byin detail/ reference
1GSTLawgics – Judgment No. 152
Proper Officer had to at least consider the reply on merits and then form an opinion. He merely held that the reply is not properly replied/filed without any justification which ex-facie shows that Proper Officer has not applied his mind to the reply submitted by the petitioner.
Adv. Nidhi Aggarwalclick here to read more

C. Article

Sr. no.CategoryTitleauthored byin detail/ reference
1GSTWhether writ petition against assessment order maintainable when the remedy of appeal not availed during the period of limitation?CA Ritesh Aroraclick here to read more
2GSTSection 16(4): Favorable ITC condition and procedural amendments extending the return filing date to 30th November is retrospective effect from 01.07.2017Ms. Meenakshi Jainclick here to read more

D. Tax in Media

Sr. no.Categoryin briefin detail / reference
1Budget 2024The President of FKCCI submitted the Pre-Budget Memorandum 2024 to Hon’ble Finance Minister Smt. Nirmala Sitharamanread more
2Budget 2024Budget 2024: Senior citizens expect these three key announcementsread more
3Budget 2024The Union Budget 2024 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested.read more
4Budget 2024The jewellery industry is eagerly looking forward to potential duty cuts on gold, silver, diamonds, and platinum as part of the upcoming 2024-25 Budget, set to be presented by Finance Minister Nirmala Sitharaman on July 23.read more
5Budget 2024Over the years, GST has continued to remain the focal point in India’s economic discussions. Union Finance Minister Nirmala Sitharaman is expected to consider the GST figures this time as well, as she gears up to table the Union Budget 2024-25 in the Parliament on July 23.read more
6Budget 2024Travel agents body TAAI on Monday sought a slew of measures, including simple visa requirements and encouraging visa-free entry for tourists visiting India, rationalisation of GST rates and GST credit, and industry status for all stakeholders in the segment, among others, for the domestic travel and tourism sector, which contributes 5.8 per cent to the India’s economy.read more

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