A. Amendment
| Sr. No. | Category | Subject | In brief | In detail /Reference |
| 1 | State GST Order | Rajasthan GST department issues Order on Faceless Management | Rajasthan GST department issued Order no. 77 on 27.06.2024 regarding Faceless Management for the administration of GST work in the GST department. | Click here to Read more |
| 2 | Export import/ DGFT | DGFT Trade Notice 07/2024-25 dt 28.06.2024 | DGFT issued Trade Notice No. 07/2024-2025 on 28.06.2024 regarding extension of Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit for two months beyond 30th June, 2024. | Click here to Read more |
| 3 | customs ADD | Instruction No.10/2024-Customs (ADD) dated 27.06.2024 | CBIC issued Notification No. 10/2024 – Customs (ADD) on 27.06.2024 which seeks to impose Anti-dumping duty on imports of Sodium Cyanide originating in or exported from China PR, European Union, Japan and Korea RP. | Click here to Read more |
| 4 | customs ADD | Instruction No.11/2024-Customs (ADD) dated 27.06.2024 | CBIC issued Notification No. 11/2024 – Customs (ADD) on 27.06.2024 which seeks to impose anti-dumping duty on alloy steel chisel/tool and hydraulic rock breaker in fully assembled condition, originating in or imported from China PR and Korea RP | Click here to Read more |
| 5 | customs ADD | Instruction No.12/2024-Customs (ADD) dated 27.06.2024 | CBIC issued Notification No. 12/2024 – Customs (ADD) on 27.06.2024 which seeks to impose anti-dumping duty on Easy open ends of tin plate, including electrolytic tin plate (ETP) | Click here to Read more |
| 6 | customs ADD | Instruction No.13/2024-Customs (ADD) dated 27.06.2024 | CBIC issued Notification No. 13/2024 – Customs (ADD) on 27.06.2024 which seeks to impose provisional anti-dumping duty on Telescopic Channel Drawer Slider, originating in or imported from China PR | Click here to Read more |
| 7 | Income tax Order | Order File No.173 dated 27.06.2024-Income tax | CBDT issued Order F. No. 173 on 27.06.2024 regarding Direct Tax Vivad Se Vishwas Act, 2020 | Click here to Read more |
| 8 | GST Portal | GST Portal downtime 28.06.24 | GSTN is enhancing its services on the GST portal on 28th June’24 10:00 PM onwards. GST Portal services will not be available until 29th June’24 06:00 AM. | Click here to Read more |
GST Webinar on “53rd GST Council Meet Recommendations & 7 years of GST by Speaker Mr. CA Shiva Roopa Ganesh scheduled on 01.07.2024 at 2:30 pm to 3:30 pm. We would be happy to have your presence. Register here
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B. PPT
| Sr. No. | In brief | Crafted by | Reference |
| 9 | PPT on 53rd GST Council Meet Recommendations | Suresh Aggarwal, Advocate | Go to PDF |
| 10 | PPT on CLARIFICATIONS ISSUED BY CBIC ON VARIOUS ISSUES IN LINE WITH THE 53RD GST COUNCIL MEETING RECOMMENDATIONS | Team RAPG & Co. Chartered Accountants | Go to PDF |
C. Article
| Sr. No. | Topic | In brief | Authored by | In detail/ Reference |
| 11 | Court grants interim relief where Revenue department made coercive recovery under guise of Voluntary payment by Petitioner | The Hon’ble Gujarat High Court in P.R. Trading stopped the Revenue department from making coercive recovery from the assessee until it resolve the matter, listed the matter for hearing on July 01, 2024. | CA Bimal Jain | Click here to Read more |
| 12 | Search and Seizure of a godown cannot lead to penalty | The Hon’ble Allahabad High Court in the case of M/s. Gopi Chand Batra Traders quashed the Penalty Order and Appellate Order, holding that search and seizure of godown cannot result in penalty proceedings under Section 129 of the CGST Act. | CA Bimal Jain | Click here to Read more |
| 13 | Penalty not leviable on wrongly availed ITC, reversed without utilization | The Hon’ble Madras High Court in Greenstar Fertilizers Limited held that penalty cannot be demanded under Section 74 of the CGST Act where the assessee has not utilized the ineligible Input tax credit and the same is lying in the E-credit ledger. | CA Bimal Jain | Click here to Read more |
| 14 | Delay in filing appeal due to filing of rectification petition can be condoned | The Hon’ble Madras High Court in Tvl. SKL Exports the delay in filing appeal before the Appellate authority due to the reason the assessee preferred rectification petition should be condoned and directed the appellate authority to dispose the case on merits. | CA Bimal Jain | Click here to Read more |
| 15 | No More GST Payments Under Reverse Charge for Related Foreign Suppliers | The latest circular no. 210-GST dated 26.06.2024 provides for acceptance of the value adopted by the recipient in case of services received from foreign affiliates. If no value is adopted, the value is deemed as NIL. | Vikash Agarwal | Click here to Read more |
D. Tax in Media
| Sr. No. | Category | In brief | In detail/ Reference |
| 16 | GST | The Goods and Services Tax Act does not mandate that transporters of goods have to compulsorily adhere to the route map furnished to them to reach destinations for delivery of goods, said the High Court of Karnataka | Read more |
| 17 | GST | A 31-year-old man was arrested for his alleged involvement in creating bogus firms using stolen or fake identities to use them to avail of input tax credit (ITC) as part of a Rs.10,000 crore Goods and Services Tax (GST) fraud, officers said on Thursday. | Read more |
| 18 | GST | The GST Council has recommended a mechanism for suppliers to demonstrate compliance with Section 15(3)(b)(ii) of the CGST Act, 2017, related to post-sale discounts. | Read more |
| 19 | GST | GST council has clarified the taxability of wreck and salvage values in motor insurance claims, stating that general insurers have to pay GST liability in case of disposal or sale of the salvage after settling the claims. | Read more |
| 20 | GST | In a relief for foreign firms giving loans to Indian subsidiaries, tax authorities have said goods and services tax (GST) will not be imposed on them, subject to some caveats. | Read more |
| 21 | Income Tax | July 31 – the due date for filing income tax returns for the financial year 2023-24 – is now just over a month away. Here’s a list of essential documents that you must start obtaining right away | Read more |
| 22 | Customs | CBIC on Thursday said it will launch on July 4 Exchange Rate Automation Module (ERAM) system which will replace the existing manual process of notifying exchange rates through a notification. | Read more |
| 23 | Provident Fund | EPFO has stopped deductions under the GIS for government employees who joined work after September 1, 2013. | Read more |
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