Latest update 30.04.2024

GST: Assessment Order not valid when Petitioner could not file reply due to cancellation of GST Registration

The Hon’ble Kerala High Court in the case of VadakkotChackoo Devassy set aside the Assessment Order and remitted the matter back for reconsideration in case where the Assessee could not file the reply due to cancellation of GST Registration and issuance of show cause notice on the next day of notice in GST ASMT-10. Read more

GST: SEZ units furnishing LUT are not required to pay GST on RCM for services availed from DTA supplier

The Gujarat, AAR in the matter of M/s. Waaree Energies Limited held that the SEZ unit are not required to pay GST under RCM on any service received from suppliers located in the DTA for carrying out the authorized operation in the SEZ unit, provided that a LUT or bond as a deemed supplier of such services is furnished as mentioned in Notification 37/2017-Central Tax dated October 04, 2017. Read more

DGFT: Streamlining of Halal Certification Process for Meat and Meat Products

The Directorate General of Foreign Trade (DGFT) issued a Notification No. 08/2023 dated 23.04.2024 regarding streamlining of Halal Certification Process for Meat and Meat Products. Read more

DGFT: Export of 2K MT of white onion under HS Code 0703 10 19

The Directorate General of Foreign Trade (DGFT) issued a Notification No. 09/2024-25 dated 25.04.2024 regarding export of 2,000 MT of white onion under HS code 0703 10 19. Read more

Income Tax: Notification no. 39 dt 22.04.2024

The Central Board of Income Tax issued a Notification no. 39/ 2024 / F. No. 187/4/2024-ITA-I dated 22.04.2024 to make further amendment in the Notification no. S.O. 2692 (E), dated 10.06.2022, read with corrigendum notification number S. O. 3044(E) dated 04.07.2022. Read more

Income Tax: Notification No. 40/2024 dated 23.04.2024

CBDT issued Notification no 40 dated 23.04.2024 to notify “Shree Ramanuj Kot Laxmi Venkatesh Mandir” managed by Shree Ramanuj Kot Trust, Indore, Madhya Pradesh to be place of historic importance and a place of public worship of renown throughout the state of Madhya Pradesh for the purpose of the section 80G(2)(b) of the Income tax Act, 1961. Read more

GST: CBIC develops common bank audit plan for central, state GST officers

The Central Board of Indirect Taxes and Customs (CBIC) has brought out common norms for central and state level Goods and Services Tax (GST) officials to audit banks, CBIC chairperson Sanjay Kumar Agarwal told field officers.  Read more

GST investigation guidelines

The Central Board for Indirect Taxes and Customs (CBIC) recently issued a set of 18 guidelines to department personnel on conducting investigations and enforcement. Read more

Income Tax: Trade bodies challenge new income tax provision for micro, small enterprises in Supreme Court

Three trade bodies have moved the Supreme Court against a new income tax provision related to payment to micro and small enterprises. Federation of All India Vyapar Mandal, Federation of Madras Merchants and Manufacturers Association and Confederation of West Bengal Trade Associations have sought interim stay and finally quashing the amendment in the Income Tax Act. Read more

Income Tax: Centre may allow companies a bigger CSR canvas to paint on

The Centre is weighing a proposal to tweak corporate social responsibility (CSR) norms for widening their scope and coverage Read more

Adv. Ms. Nidhi Agarwal

Presenting GST case law/ judgment in simplified manner under the title “Lawgics”.

Lawgics on CGST Act Read here

Lawgics – Judgment No. 120

Undisputedly, in the instant case, Central Authority had already initiated proceedings and had concluded the same by passing the Order-in-Original on 31.10.2023. Mere not uploading of the order passed by the Central Authorities does not by itself empowers the State agencies to again initiate the proceedings in which the Central Authority has already initiated and passed an Order-in-Original. Read more