A. Tax in Media
GST, customs, excise case hearings to be virtual by default now: Expert views on pros and cons
The finance ministry has made it mandatory for all Goods and Services Tax (GST), customs and excise departmental quasi-judicial/appellate authorities to conduct personal hearing for proceedings under the specified Acts through Video Conferencing (VC) i.e. in Virtual Mode. Exceptions to allow personal hearing in physical mode may be allowed on receipt of specific request from the party concerned and after recording the reasons for the same in writing, said Central Board of Indirect Tax & Customs (CBIC) in an internal circular dated November 5, 2024.
Precooked, ready to eat food to attract 18% GST: Kerala AAR
AAR observed that items such as Kerala Chicken Curry, Chettinadu Chicken Curry, Chicken Biryani, Mutton Curry, Mutton Roast, Beef Fry, Beef Roast, etc. constitutes ‘ready to eat packaged food’ more specifically than ‘prepared or preserved meat.’
GST leviable on AAI-Adani concessionaire pact for Thiruvananthapuram airport: Kerala AAR
The concessionaire agreement between the AAI and Adani Thiruvananthapuram International Airport Ltd is not a “transfer of business”, but supply of services and hence, is liable to GST, the Kerala-bench of the GST Authority for Advance Ruling (AAR) said.
GST Council likely to meet soon after winter session, insurance to be in focus
The GST Council is likely to meet immediately after the winter session of the Parliament. The 55th meeting will be crucial especially for the GST rate rejig on insurance products and on many other items such as the 20-litre bottled water, bicycles, exercise notebooks, high-end wristwatches and shoes.
Tax appeals pending, recovery halted
The Gujarat high court has halted the Income Tax (I-T) department from recovering outstanding dues from petitioner assessees while their appeals, pending for over four years, await decisions from the Commissioner of Income Tax (Appeals), under the faceless appeal system. The court’s decision came after dissatisfaction with the I-T department’s response to reduce the backlog of appeals from over 5 lakh aggrieved taxpayers.
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