Latest update 30.06.2024

A. Article

Sr. No.TopicIn briefAuthored byIn detail/ Reference
1Legal heirs can be adjudicated for act or omission of deceased taxpayerThe Hon’ble Madras High Court in Munusamy Nagabushanam (deceased) set aside the order issued to the deceased person and held that Revenue department is left open to initiate proceedings against the legal heirs of the deceased taxpayer.CA Bimal JainClick here to read more
2Hon’ble CBIC Hinting at a GST on Ocean Freight?The CBIC, in its recent circular, clarified that when the supplier of goods is a dealer and the supplier of an extended warranty is the OEM or a third party, the supplies made by different suppliers cannot be treated as part of a composite supply.Mr. Vikash AgarwalClick here to read more

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B. Tax in Media

Sr. No.CategoryIn briefIn detail/ Reference
1GSTOil and gas sector seeks investor-friendly reforms in Budget, wants gas under GSTRead more
2GSTLIC receives Rs.3.59 crore GST demand order for FY19 in West BengalRead more
3GSTBudget 2024: Real-estate sector hopes for high rebates, GST rate reductions, and other reformsRead more
4GSTMNC arms to pay GST as per transaction value quoted by parentsRead more
5GST4.05 lakh businesses based in state closed since GST rolloutRead more
6GSTBudget 2024: Gems, jewellery exporters seek import duty cut on gold, silver, platinum bars to 4%Read more
7DGFTInterest equalisation scheme for exporters extended for 2 months; FIEO disappointedRead more
8Income taxTata Consumer gets tax demand of Rs 171.83 crore from Income Tax DepartmentRead more
9Income taxHDFC Life Insurance gets a tax demand of Rs 1,495 cr from I-T deptRead more

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