A. Amendment
DGFT Notif. 30/2024-25 dt 18.09.2024
Regarding amendment in Import Policy Condition under ITC(HS) 08028010 of Chapter 08 of ITC(HS) 2022, Schedule -I (Import Policy).
B. Notes
Lawgics – Judgment No. 174
by Adv Nidhi Aggarwal
GST RC cancellation order was set aside as it lacked reasons and violated the principles of natural justice because the SCN did not propose the cancellation of GST registration ab initio i.e. from the date of registration.
PPT-Reporting of RCM ITC Opening balance
by Adv Nidhi Aggarwal
on the Latest advisory issued by GSTN and on the reporting of RCM ITC operating balance.
C. Article
Amnesty-GST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108
by R.SRIVATSAN, IRS, NACIN, Chennai
RCM on Commercial Rent – Key Impacts
by R.SRIVATSAN, IRS, NACIN, Chennai
RCM on Commercial Rent refers to the Reverse Charge Mechanism, where the recipient (tenant) is liable to pay GST on commercial rent.
Whether the assessment order is valid when GSTR 3B and comparison statements are not considered?
by CA Ritesh Arora
The Honorable Madras High Court in the case of Murugan Metals set aside the impugned assessment order dated 28.12.2023 on the condition that the petitioner remits 5% of the disputed tax demand within two weeks from the date of receipt of a copy of the order.
D. Tax in Media
Dispute over food GST: Gujarat High Court rules in company’s favour
Amid disputes over the contentious issue of goods and services tax (GST) rates on food items, the Gujarat high court has quashed a show cause notice sent by the GST authorities to a company, asking it to pay 18 per cent tax on unfried or uncooked extruded snack pellets.
Efforts to bring ATF, natural gas under GST by year-end, says PMO advisor
Tarun Kapoor, Advisor to the Prime Minister’s Office (PMO), has stated that the government is working to bring aviation turbine fuel (ATF) and natural gas under the Goods and Services Tax (GST) regime within this financial year.
Income tax notices sent to TCS employees are a ‘discrepancy,’ ITRs will be reprocessed: Report
IT major Tata Consultancy Services (TCS) called the recent tax demand notices its employees received as a “discrepancy,” and that the income tax department will reprocess the returns.
Now, withdraw up to Rs 1 lakh from your PF, even within 6 months of joining
If you’re looking to withdraw your provident fund for personal needs, there’s good news. The Employees’ Provident Fund Organisation (EPFO) has raised the withdrawal limit from Rs 50,000 to Rs 1 lakh.
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