Latest update 16.06.2024

Latest update 16.06.2024

A. Amendment

Notification No. 42/2024-Customs (N.T.) dated 12.06.2024

CBIC issued Notification No. 42/2024 – Customs (N.T.) dated 12.06.2024 to make further amendment to add Vizhinjam International Seaport for Import-Export in Kerala Read more

Instruction No.9/2024-Customs (ADD) dated 13.06.2024

CBIC issued Notification No. 09/2024 – Customs (ADD) dated 13.06.2024 to impose provisional anti-dumping duty on imports of Poly Vinyl Chloride Resin Paste, originating in or exported from China PR, Korea RP, Malaysia, Norway, Taiwan & Thailand, for a period of six months. Read more

Goa State GST Order dt 13.06.2024

Office of the Commissioner of Commercial Taxes, Goa issued Order dated 13.06.2023 to specify the jurisdiction of the Appellate Authority Read more

B. GST Notes/Portal

PPT – Appeal under GST

PPT on appeal under GST covering definition, forms for filing appeal, case laws etc. 14.06.2024. Read more

GST Portal downtime 16.06.24

We shall be enhancing services on the GST portal on 16th June’24 12:00 AM onwards. Read more

C. Tax in Media

T.N. recovers over Rs.1,500 crore in IGST revenue

The Tax Research Unit set up by the Commercial Taxes Department has helped Tamil Nadu recover Rs.1,523.95 crore under the Integrated Goods and Services Tax (IGST). Read more

NITI Aayog proposes tax exemption to boost state universities R&D

The central government think tank NITI Aayog has proposed exempting state universities and institutes from GST and income-tax to bolster their research and development (R&D) outcomes. Read more

Centre-state talks soon on budget, GST

After a pause of more than two-months in policy making due to the national polls, Central and state governments are set to meet again for major policy decisions. Read more

GST council may cut upfront payment for tax appeal to 7%

The Goods and Services Tax Council, at its meeting on June 22, may consider a proposal to reduce upfront payment required to be deposited prior to filing of a tax appeal to 7% of disputed tax amount from 10% now, ET has learnt. Read more

GST Council meet on June 22 may take up amnesty scheme, exemptions for shipping, airlines & Budget

Even as the online gaming companies are hoping for a review of the 28% GST on the sector, the upcoming meeting of the GST Council is likely to take up a plethora of issues including an amnesty scheme to clear up litigations, exemption to foreign shipping lines and airlines as well as pre-Budget discussions. Read more

GST dept. unearths tax evasion in Ayurvedic spas

The State Goods and Service Tax (GST) department has detected tax evasion by Ayurvedic spas operating in Idukki district. Read more

DGFT wants interest equalisation scheme for exporters to continue Read more

ITR Filing: Check income tax slab rates for FY 2024-25 (AY 2025-26) under old, new tax regimes

The Income Tax filing deadline is just 46 days away from today, with the deadline being on July 31, 2024. Taxpayers should be ready to file their returns anytime now at the tax rates declared by the government. Read more

Rs 1K Cr GST Bogus Billing Racket Busted In City

CID crime on Thursday busted a major GST bogus billing racket, running into Rs 1000 crore. Read more

Income tax returns: Report capital gains, don’t wait till July 31. Mistakes to avoid this tax season Read more

Advance tax first instalment payment: Who has to pay, penalty for missing

The first instalment of advance tax payment for this fiscal year is June 15, 2024. Those with a net income tax liability of more than Rs.10,000 in any financial year are obligated to make advance tax payments. Read more


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