Latest update 21.07.2024
A. Amendment
| Sr. no. | Category | Subject | In brief | In detail / Reference |
| 1 | Customs | Notification No. 49/2024-Customs (N.T.) dated 15.07.2024 | Regarding fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver | click here to read more |
| 2 | Customs | Notification No. 50/2024-Customs (N.T.) dated 19.07.2024 | Extension of RoDTEP support to exports by unit in SEZ | click here to read more |
| 3 | Customs | Notification No.14/2024-Customs (ADD) dated 12.07.2024 | Seeks to amend notification No. 14/2020-Customs (ADD) dated 9th June, 2020 in order to change the name of the producer viz. “ Shell Eastern Petroleum (Pte) Ltd ” to “Shell Singapore Pte. Ltd.”, in pursuance of DGTR recommendation | click here to read more |
| 4 | Customs | Notification No. 03/2024- Customs (CVD) dated 19.07.2024 | To impose countervailing duty on imports of Pneumatic Radial Tyre for buses & lorries imported from China PR for a period of 5 years | click here to read more |
| 5 | Income-tax | Notification no. 66 to 93/2024 dt 18.07.24-Income tax | Amending previous notifications related to various sovereign wealth funds and pension funds under Section 10(23FE) of the Income Tax Act 1961. | click here to read more |
B. GST Notes
| Sr no. | Category | In brief | Authored by | In detail / Reference |
| 1 | GST | Lawgics – Judgment No. 160 Procedural delays do not hinder justice, especially when the petitioner has made bona-fide efforts to comply with appeal requirements, then delay in filing appeal ought to be condoned. | Adv. Nidhi Aggarwal | click here to read more |
| 2 | GST | Chapter -5 – CGST Act, 2017 – Q&A format 1) What are exempt supplies for ITC purposes? 2) How Banks, FIs including NBFC have options to… Likewise there are 35 slides in this chapter | CMA Anil Sharma | click here to read more |
C. Article
| Sr. no | Category | Title | Authored by | In detail / Reference |
| 1 | GST | CBIC’s clarification on Valuation; A Test of Promissory Estoppel? | Mr. Vikash Agarwal | click here to read more |
D. Tax in Media
| Sr. no. | Category | In brief | In detail / Reference |
| 1 | GST | Oil and gas sector hopes for inclusion in GST regime | click here to read more |
| 2 | GST | Rice sold in retail likely to attract GST | click here to read more |
| 3 | DGFT | DGFT pushing proposal to further extend interest equalisation scheme for exporters | click here to read more |
| 4 | Customs | Ease time limits for bringing in e-commerce export proceeds: Report | click here to read more |
| 5 | Income-tax | Delhi should get Rs 10,000 crore from the Rs 2.07 lakh crore paid as income tax | click here to read more |
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