A. Amendment
| Sr. no. | Category | Subject | In brief | In detail / Reference |
| 1 | DGFT | Notification no. 24/2024-25 dated 19.08.2024 | Export of non-basmati white rice under ITC (HS) code 10063090 to Malaysia through National Cooperative Exports Limited (NCEL) – reg. | Read more |
| 2 | GST | National Conference of Enforcement Chiefs of State and Central GST Formations | The second edition of the National Conference of Enforcement Chiefs of the State and the Central GST Formations was held in New Delhi today. The National Conference comes in the backdrop of special drive being undertaken by both Central and State formations to identify and weed out fake registrations. | Read more |
| 3 | GST | GST Act & Rules Bare Law as on August 2024 by ICAI | The Institute of Chartered Accountants of India published its 8th edition of ‘GST Act(s) and GST Rule(s) – Bare Law’ updated with all the amendments till July, 2024 including amendments made vide the Finance (No. 2) Bill, 2024 as passed in the Lok Sabha. | Read more |
| 4 | Income tax | CBDT issues clarification in respect of Income-tax clearance certificate (ITCC) | It is being erroneously reported that all Indian citizens must obtain income-tax clearance certificate (ITCC) before leaving the country – a position that is factually incorrect | Read more |
B. GST Notes
| Sr no. | Category | In brief | Authored by | In detail / Reference |
| 1 | GST | Lawgics – Judgment No. 169 | SCN lacked sufficient details to elicit a meaningful response from petitioner. Thus, petitioner’s GST registration was directed to the restored immediately. | Read more |
C. Article
| Sr. no | Category | In brief | Authored by | In detail / Reference |
| 1 | GST | Show Cause Notice not issued in proper form is void in nature The Hon’ble Kerala High Court in Kunhalavi N. set aside the order for cancellation of registration, thereby holding that show cause notice not issued in proper form is void in nature in case where the notice was issued in Form GST REG-31 instead of required Form GST REG-17. | CA Bimal Jain | Read more |
| 2 | GST | Opportunity to contest tax demand should not be denied due to negligent conduct of Accountant The Hon’ble Madras High Court in Stem Infrastructure set aside the assessment order and granted opportunity to contest tax demand wherein the assessee could not file the reply due to negligent conduct of the accountant as the assessee was not informed about the proceedings initiated by the revenue department. | CA Bimal Jain | Read more |
D. Tax in Media
| Sr. no. | Category | In brief | In detail / Reference |
| 1 | GST | Association urges Centre to exempt chit fund services from GST The Tiruchi District Financiers and Chit Funds Association has appealed to the Centre to exempt chit fund services from GST. | Read more |
| 2 | Other | KSCAA submitted representation to the Director of co-operative audit for extension of certain due dates Team KSCAA has submitted the representation on 19.08.2024 to the Director of co-operative audit for extension of certain due dates | Read more |
E. Webinar
| Sr. no. | Category | Topic | Speaker | Date/ Time | Click here to Register |
| 1 | GST | All about Reverse Charge Mechanism (RCM) in GST | Mr. Ganesamoorthi V | 23.08.2024 (Friday) 2:30 pm to 3:30 pm | Click here to know more & Register |
| 2 | Income tax | Important Aspects of TAX AUDIT | CA Aman Rajput | 24.08.2024 (Saturday) 2:30 pm to 3:30 pm | Click here to know more & Register |
Webinar Videos Watch here
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