A. Amendment
DGFT Notif. 36/2024-25 dt 13.10.2024
Amendment in import policy of lighter Covered under CTH 9613 of Chapter 96 of Schedule -I (Import Policy) of ITC (HS) 2022.
Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions
The government has issued Notification 25/2024-Central Tax, on October 9, 2024 under Section 51 of the CGST Act, 2017 mandating compliance by the businesses dealing with Metal Scrap.
B. Article
Whether the writ petition is admissible if the appeal is filed after the limitation period and the benefit of the Amnesty Scheme not availed?
by CA Ritesh Arora
The Honorable Patna High Court in the case of M/s Raj Kishore Sah dismissed the writ petition challenging the cancellation of GST registration, where the Petitioner had not availed remedy of the Amnesty Scheme provided by the Government vide Notification No. 03/2023-Central Tax dated March 31, 2023 and filed the appeal after the time limit prescribed under section 107 of the Bihar Goods and Services Tax Act.
C. Tax in Media
Kerala gets Rs 3,430 crore as tax share from Centre
Kerala received Rs 3430 crore as tax devolution from the Union government. The release includes the normal monthly devolution due in October and an advance instalment, said an official statement.
UP Gets ₹ 31,962 Crore Advance Installment Of Tax Devolution From Centre
Uttar Pradesh on Thursday received ₹ 31,962 crore advance installment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.
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