A. Amendments
DGFT: Imposition of Port restriction on supply of Prohibited/ Restricted essential commodities to the Republic of Maldives during 2024-25.
The Directorate General of Foreign Trade (DGFT) issued Notification No. 06/2023 dated 15.04.2024 for imposition of port restriction on supply of prohibited / restricted essential commodities to the Republic of Maldives during 2024-25. Read more
DGFT: Export of Onions to Sri Lanka and UAE
The Directorate General of Foreign Trade (DGFT) issued Notification No. 07/2023 dated 15.04.2024 vide which the Central Government permits the export of the following quantity of onion (under HS code 0703 10 19) to Sri Lanka and UAE through National Cooperative Exports Limited (NCEL). Read more
B. GST Article
GST DAILY – 199
HC directed dept. to serve notice through another mode if reply not received on emailed notice. Read more
GST DAILY – 200
GSTN has issued an Advisory for Enhanced E-Invoicing Initiatives & Launch of Enhanced e-invoice portal. Read more
GST DAILY – 201
Limitation period for filing appeal would commence from date of service of order-in-original. Read more
Assessment Order quashed when Assessee incorrectly reported turnover in GSTR-1 but correctly in GSTR-3B:
The Hon’ble Madras High Court in the case of Southern Engineering Services allowed the writ petition and set aside the Assessment Order thereby holding that, the Assessment Order is liable to be quashed in case where Assessee incorrectly reported turnover in GSTR-1 but correctly in GSTR-3B. Read more
C. GST Notes/Lawgics
Advocate Ms. Nidhi Aggarwal is presenting GST case law/ judgment in simplified manner under the title “Lawgics”.
Lawgics on CGST Act Read here
Lawgics – Judgment No. 112
The petitioner did not raise objections to the audit report and instead participated in proceedings culminating in the impugned order. At this point of time, it is not open to petitioner to raise objection with regard to audit. The impugned order was issued on 28.12.2023 and petitioner failed to avail the statutory remedy available against such order. Read more
Perusal of SCN shows that the Department has given separate headings i.e., under declaration of output tax; excess claim Input Tax Credit and ITC claimed from cancelled dealers, return defaulters and tax non payers. To the said SCN, a detailed reply was furnished by the petitioner giving disclosures under each of the heads. Read more
Lawgics – Judgment No. 110
It is petitioner’s contention that the said amount was recovered by the authorities from the petitioner by coercion, hence, the petitioner is entitled to refund of the said amount, on the ground that this would amount to collection of the petitioner’s amounts without any authority in law. Read more
D. Tax in Media
GST: Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials
Apollo Tyres Ltd on Tuesday said it has received tax demand and penalty of Rs 2.06 crore from GST authority in Tamil Nadu over availing of input tax credit and other issues. Read more
Apollo Tyres received penalty notice by GST Dept. in UP
Tyre manufacturer Apollo Tyres said the company has received a penalty from the Goods and Services Tax (GST) department in Uttar Pradesh. Read more
GST: State registers increase of about Rs 3K crore in GST collection
The West Bengal state government registered an increase of Rs 3,000 crore in its GST collection for FY 2023-24 Read more
GST: CGST Raipur busted the mastermind of generating bogus invoice and passing of ITC
Based on an specific intelligence, data analysis and extensive surveillance a network of 13 fake firms created with sole purpose of generating bogus invoices and passing of Input Tax Credit (ITC) was busted by CGST Raipur recently. Mastermind behind the racket Shri Hemant Kasera was also arrested on 04.04.2024. Read more
GST: Insurers to breathe easy as GST may be lifted from reinsurance after elections
The insurance sector is likely to see a breather from tax burden with the GST Council set to review an exemption for reinsurance after the elections, moneycontrol has learnt. Read more
Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Taxpayers in India are gearing up for the impending deadline as the clock ticks closer to the last date for filing Income Tax Returns (ITR). With July 31, 2024, looming as the cutoff, individuals across the nation are urged to ensure timely submission to avoid incurring additional charges or penalties. Read more
Read more on ‘Income tax in media’
E. GST Notes/ IGST Act
Shri CMA Anil Sharma and his team presenting CGST Act / IGST Act in slides form to simplify the basics of GST laws.
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