A. Amendment
Notification No. 29/2024-Customs (N.T.) dated 15.04.2024
CBIC issued Notification no. 29/2024- Customs (N.T.) dated 15.04.2024 to bring amendments in the notification no. 36/2001-Customs (N.T.) dated 03.08.2001. Read more
Notification no. 30/2024 – Customs (N.T.) dated 18.04.2024
The Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 30/2024 – Customs (N.T.) dated 18.04.2024 determining the rate of exchange of conversion from foreign and currency to Indian currency with effect from 19.04.2024. Read more
B. Article
Rs. 3731 Crore Penalty Demand from the employees set aside
The Hon’ble Bombay High Court in the case of Shantanu Sanjay Hundekari allowed the writ petition and set aside the demand of penalty amount of Rs. 3731 Crore , thereby holding that, The penalty is imposable only on person under sub-section 1A of Section 122 of the CGST Act. Read more
Judgement – Tax on credit notes issued taken in ITC in place of entering in GSTR-1
The petitioner’s case is that the amount of tax against sale return had been adjusted in ITC account. Such transactions has to be furnished in GSTR-1 were not done. Accordingly, such transactions were not auto populated in GSTR-2A. The mismatch was occurred between GSTR-3B and GSTR-2A in petitioner account. Read more
Should You File an Appeal While Your Rectification Application Is Pending?
A taxpayer may be willing to file a rectification application (ROM) against an order passed by the AO, however, the question that may arise is what if the ROM is not disposed off by the AO within the limitation period stipulated for filing the appeal? Read more
PPT – GST Key Observations by Apex Court!
Mr. CA Pritam Mahure and Associates compiled an analysis on Apex Court judgment passed since 2017 to 2024 till date topic wise. Read more
C. Tax in media
Couple from Raigad held in 6cr GST fraud
State cell department’s GST cell has arrested a couple from Khalapur in Raigad in an alleged Rs. 6.4 crore scam. Read more
Budget-II Recommendation Committee through the Institute of Chartered Tax Practitioners India
The Coimbatore Chapter of Institute of Chartered Tax Practitioners India has established a ‘Budget Recommendation Committee, to study and analysis various issues in Direct Taxes and Indirect Taxes, and suitably draft is recommendations for introduction, repeal , substitute, amend and modify the sections, provisions, explanations and rules in the forth-coming budget. Read more
D. GST Notes
Shri CMA Anil Sharma and his team presenting CGST Act / IGST Act in slides form to make readers understand the basics of GST laws easier and simpler way.
Slides 22 to 29 from IGST Chapter 5, is added below, out of 44 slides
Notes section /all slides Click here
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