A. Update
Central Board of Indirect Taxes and Customs (CBIC) released ‘SAMPARK’ updated till 31.12.2024.
B. Article
An Order without a DIN is non-est and invalid
The Hon’ble Andhra Pradesh High Court in the case of Raam Autobahn India (P.) Ltd. v. Assistant Commissioner [Writ Petition No. 10549 of 2023 dated December 18, 2024] set aside the assessment order for non-compliance with the mandatory requirement of a Document Identification Number (“DIN”) and held that as per the Central Board of Indirect Taxes and Customs (“CBIC”) Circular No. 128/47/2019-GST dated December 23, 2019 (“the Circular”), any GST order issued without a DIN is non-est and invalid.
C. Tax in Media
Skoda Auto Volkswagen India will have to fall in line and not play “victim”, the Customs department told the Bombay High Court on Thursday, justifying its $1.4 billion tax demand notice served on the firm for allegedly providing misleading information on imports.
ICMAI demands ‘accountant’ status for cost accountants in new Income Tax Bill
ICMAI has submitted a memorandum to the Lok Sabha’s Select Committee, urging the inclusion of “Cost Accountant” in the definition of “Accountant” under Section 515(3)(b) of the Income Tax Bill, 2025. The Bill, introduced on February 13, aims to simplify the direct taxation system by streamlining provisions, reducing litigation, and enhancing voluntary compliance.
Hyderabad’s iconic Banjara hotel sealed over unpaid property tax dues of Rs 1.43 crore
The Greater Hyderabad Municipal Corporation (GHMC) on Friday put a seal on the city’s iconic Banjara hotel (the erstwhile Taj Banjara) over non-payment of property tax amounting to Rs 1.43 crore, pending over the last two years.
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