A. Amendment
| Sr. no. | Category | Subject | In brief | In detail / Reference |
| 1 | GST | Circular no. 228/22/2024-GST dated 15.07.2024 | It provides clarifications regarding applicability of GST on certain services. | click here to read more |
| 2 | GST | Circular no. 229/23/2024-GST dated 15.07.2024 | It provides clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 53rd GST meeting | click here to read more |
Advertisements
B. Article
| Sr. no. | Categort | Title | Authored by | In detail / Reference |
| 1 | GST | Classification and Taxation of Referral Services to Foreign Universities: A Case Study under GST Applicant’s services of referral to Foreign Universities qualify as an “export of service” under Section 2(6) of the IGST Act, provided the payments are received in convertible foreign exchange. | Ms. Meenakshi Jain | click here to read more |
| 2 | GST | Whether the GST registration can be canceled without granting the proper opportunity to file a reply to the SCN issued? The Honorable Andhra Pradesh High Court in the case of Raghavaiah Thelapalli allowed the writ petition and set aside the order cancelling GST registration on the ground that the person was not granted the proper opportunity to file the reply against the Show Cause Notice issued. | CA Ritesh Arora | click here to read more |
C. GST Notes
| Sr. no. | Category | In brief | Authored by | In detail / Reference |
| 1 | GST | Lawgics – Judgment No. 155 Since the SCN for cancellation of RC was not issued in the correct form, the entire proceedings, including the cancellation order, were held to be without jurisdiction and invalid. | Adv. Nidhi Aggarwal | click here to read more |
| 2 | GST | Chapter -5 – IGST Act, 2017 – Q&A format 1. What is place of supply (POS) concept under GST? 2. What will be the place of supply of goods, when goods are moved either by supplier or recipient? Likewise 45 slides are there in this Chapter | CMA Anil Sharma | click here to read more |
D. Tax in Media
| Sr. no. | Category | In brief | In detail / Reference |
| 1 | Budget 2024 | Union Budget 2024: Insurers seek enhanced tax benefits for health insurance Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments. | click here to read more |
| 2 | Budget 2024 | Input tax credit on menu: Food Services sector seeks input tax credit in upcoming budget The National Restaurant Association of India has raised the issue of the lack of input tax credit for the restaurant industry with the Union finance ministry. | click here to read more |
| 3 | GST | Govt implements uniform 5% tax for all aircraft, aircraft engine parts India will tax all imports of aircraft components and aircraft engine parts at 5%, the civil aviation minister said on Monday, unifying the tax rate which earlier varied between 5% and 28%. | click here to read more |
| 4 | GST | Uber, other apps seek govt clarity over GST liability for their business A number of app-based ride-hailing services, including Uber, have approached the Union Finance Ministry, the GS) Council, and the AAR to determine their tax liability. This action, according to a report by The Economic Times (ET), follows a decision by the Karnataka AAR, which ruled that Bengaluru-based direct-to-driver app Namma Yatri is not required to pay GST. | click here to read more |
| 5 | GST | DoCA proposes to amend Legal Metrology Rules for packaged commodities DoCA is proposing to make the Rules mandatory for all pre-packaged commodities meant for retail sale even if the quantity is more than 25 kgs or 25 litres. | click here to read more |
| 6 | GST | GST Council reboots panel for system reforms GST Council has reconstituted a ministerial group tasked with identifying possible sources of revenue evasion, improving coordination between the central and State GST authorities, and reviewing the IT systems in place for implementing the indirect tax. | click here to read more |
Subscribe Newsletter
Webinar Videos Watch here
Follow us at Twitter
Support us contribute
Share this content:
