A. Amendment
GST registration application -upload file size
The maximum file size for uploading Electricity Bill/Property Tax Receipt/Consent Letter for GST Registration increased Read more
GST Portal downtime 28.06.24
GST Portal services will not be available until 28th June’24 06:30 AM Read more
Notification No. 26/2024-Customs dated 27.06.2024
The Central Government issued a Notification No. 26/2024 – Customs dated 27.06.2024 seeking the extension of the exemption provided to imports of specified defence equipments for a further period of 5 years. Read more
Income Tax Act, 1961 [43 of 1961] as amended by Finance Act, 2024
The Income Tax Act, 1961 [43 of 1961] as amended by Finance Act, 2024 is being published on the income tax portal. Read more
B. PPT / Article
[PPT] ’16 GST Circulars dt 26.06.2024 53rd GST Council meeting” by CA Saradha Hariharan
Author CA Saradha Hariharan crafted PPT on 16 GST Circulars issued by CBIC on 26.06.2024 pursuant to 53rd GST Council meeting. Read more
[PPT] Circulars issued by CBIC consequent to 53rd GST Council meeting held on 22.06.2024 [PPT]
Author Mr. B. Venkateswaran IRS, Assistant Commissioner Central GST (Retired) crafted the PPT on Circulars issued by CBIC consequent to 53rd GST Council meeting held on 22.06.2024. Read more
Article CBIC Issued various Circular No. 207/01/2024 to 222/16/2024
A synopsis of contents circular-wise- crafted by Mr. R.SRIVATSAN, IRS, NACIN, CHENNAI Read more
Article: Is Your ITC Safe?
Author writes that the Input tax credit is Not Fully Safe in GST – Reasons and Solutions (Actions Required by the Government). Read more
C. Tax in Media
‘Union Budget will be a futuristic document, expect historic decisions’: President in Parliament
President Droupadi Murmu said that the Union Budget will be a futuristic document and all reforms will be fast-tracked as she addressed a joint sitting of Parliament on Thursday. Read more
Budget 2024: Union Budget likely to be presented around July 23-24
Finance Minister Nirmala Sitharaman is likely to present the Union Budget for FY25 on July 23 or 24, sources have told Financial Express.com. However, there is no official statement yet on the date of the presentation of the annual budget. Read more
Govt to give 5-yr extension for export credit scheme amid economic slowdown
In the upcoming Budget 2024, analysts are expecting a five-year extension of the scheme for pre- and post-shipment rupee export credit, the report cited sources as saying. Read more
Rs 11,613 crore lost to tax evasion via bogus billing in Gujarat
Rs 11,613 crore lost to tax evasion via bogus billing in Gujarat Read more
Assistant Commissioner of State GST Department arrested while taking bribe in Uttarakhand
Uttarakhand Vigilance Department arrested Assistant Commissioner of State GST Department Shashikant Dubey red-handed while accepting a bribe of Rs 75,000 from a restaurant owner in return for covering up the alleged discrepancy in bills and vouchers. Read more
ESOPs by foreign companies to employees of domestic subsidiary not to attract GST: CBIC
ESOPs given by foreign companies to employees of its Indian subsidiary at prevailing market value will not attract GST, the CBIC has said. Read more
GST suppliers giving discounts must ensure undertaking from client: CBIC Read more
Why the GST Council recommended biometric-based Aadhaar authentication for new registrations
Finance Minister Nirmala Sitharaman stated that the measures of biometric-based Aadhaar authentication for gst registration endeavour to combat fraudulent input tax credit (ITC) claims made through fake invoices. She highlighted that the measure was formalised based on “good inputs” received from pilot projects run in Gujarat and Puducherry, in addition to a study in Andhra Pradesh. Read more
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