Latest Updates on Income Tax, GST, Customs, Corporate Laws & more
⇒ Section 16(2)(c) of the CGST Act constitutionally challenged
⇒ GIST OF GST PROVISIONS FOR APPEALS TO APPELLATE AUTHORITY
⇒ SEBI INTERMEDIARIES - INDEX PROVIDERS
⇒ SEZs: The Gateway to Export Duty Exemption
⇒ Appellant can remit the amount of pre-deposit from attached bank accounts for filing an appeal
⇒ Making SME Payments by 31st March 2024 for compliance u/s 43B(h) of Income Tax Act
⇒ ITR U How to file ITR of previous 3 years
GST:
Ensuring Justice in GST Registration Cancellations: A Landmark High Court RulingIBC:
Limitation Period in Insolvency Appeals: A Step Towards Legal Clarity for determination of relevant date and Condonation of delay in filing an appeal.Customs:
Navigating Trade Restrictions: India's Stance on North Korea Exports and ImportsIBC:
Deadline Adherence in Insolvency Claims: The Supreme Court on Enforcing Arbitration Awards Amidst InsolvencyIBC:
Resolution Plan Approvals: The Supreme Court's Clarification on NCLT and NCLAT's Jurisdiction in Insolvency Resolution.Income Tax:
Navigating Tax Exemptions u/s 80P: The Supreme Court's Verdict on Cooperative Societies vs. BanksCustoms:
Supreme Court Verdict on Pre-Import Condition and IGST Exemptions: A Legal AnalysisIndian Laws:
Understanding Beneficial Ownership: A Landmark Admiralty Case in IndiaCustoms:
Beneficial Ownership, Beyond Baggage in Customs Law: Seizure of foreign currencySEZ:
Expanding Trade Horizons: The 2023 Amendment to SEZ Rules for Gem and Jewellery UnitsGST:
The Significance of Signature: A Landmark Decision on GST Assessment OrdersIncome Tax:
Principles of Natural Justice in Tax Litigation: Unraveling the Significance of Cross-Examination Rights in Tax CasesIncome Tax:
Deadline Extension for Processing E-Filed Tax Returns: Refund Claims on Income Tax ReturnsDGFT:
Deadline Extended for Pharmaceutical Track and Trace System ImplementationCorporate Law:
MCA Announces Establishment of Central Processing Centre at IMT ManesarCustoms:
Export Obligation Compliance: Detailed SOPs for EPCG and Advance Authorization HoldersIBC:
IBBI Circular Update: Key Takeaways for Insolvency Professionals and StakeholdersIncome Tax:
Modes of filing of ITR: Amendments to Rule 12 of the Income Tax Rules 1962GST:
Finance Bill, 2024 Insights: The Expansion of Input Service Distributor's (ISD) Role in GSTIndian Laws:
Understanding Burden of Proof in Cheque Bounce Cases: Insights from a Landmark JudgmentIndian Laws:
Analysis of Vicarious Liability under Section 141 of the NI Act in Partnership Firms: Liability in Cheque Bounce CasesIncome Tax:
Navigating Legal Timelines: The Impact of Incomplete ITBA Orders on Appeal Limitations.Income Tax:
Navigating the Thin Line Between Charity and Commerce: Amendment of Trust Deed and Compliance with Section 13(1)(c)Income Tax:
Changing Objectives of Registered Societies: Exemption u/s 11 and survival of the Registration u/s 12A r.w.s 12AAIncome Tax:
Judicial Scrutiny of Residential Status and Jurisdictional Shift in Income Tax CasesFTP
- Amendment in import policy condition of Urea [Exim Code 310210101 in the ITC (IIS) 2022, Schedule - I (Import Policy)FTP
- Amendment in Import Policy Condition for Duck Meat under Chapter 2 of ITC (HS) 2022, Schedule–I(Import Policy)FTP
- Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 15th September 2024Cus
- Corrigendum : Notification No. 60/2023-Customs, dated the 19th October, 2023FTP
- Amendment in Policy condition of De-Oiled Rice BranIT
- Central Government specifies the “The Press Trust of India Limited, New Delhi” as a news agency set up in India solely for collection and distribution of news for two assessment years 2022-2023 to 2023-2024 for the purpose of section 10(22B)Cus (NT)
- Seeks to amend Notification No. 58/2021-Customs (N.T.), dated the 01.07.2021 under sub-section (2) of Section 151B of the Customs Act, 1962 to notify Agreement or Arrangement on Cooperation and Mutual Administrative Assistance (CMAA) in Customs Matter of India and with other CountriesCus (NT)
- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and SilverCus
- Seeks to amend notification No. 22/2022- Customs dated 30.04.2022, in order to notify third tranche of India-UAE CEPACus
- Seeks to further amend No. 11/2018-Customs, dated the 2nd February, 2018, to exempt SWS on EVs imported under of the Ministry of Heavy Industries' Scheme to promote manufacturing of electric passenger cars in India.Cus
- Seeks to amend No. 50/2017-Customs, dated the 30th June, 2017 to give concession to EVs imported under of the Ministry of Heavy Industries' Scheme to promote manufacturing of electric passenger cars in India.CE
- Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude.ADD
- Seeks to extend ADD on Aluminium Road Wheels imported from China PR.FEMA
- Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2024SEZ
- Central Government de-notifies an area of 4.767 hectares, thereby making resultant area as 5.85 hectares ) to set up a Special Economic Zone for Information Technology and Information Technology Enabled Services at Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, in the State of Telangana (erstwhile Andhra Pradesh)SEBI
- Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUADGFT
- Changes in origin declaration for Self-Certification under UK Developing Countries Trading Scheme (DCTS)Customs
- Prohibition for import of ferocious breeds of dogDGFT
- Amendments in Para 4.14 and 4.06 of the Handbook of Procedures 2023SEBI
- Repeal of circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014, involving offer / allotment of securities to more than 49 but up to 200 investors in a financial yearCustoms
- IGST refund on export of certain tobacco products -reg.SEBI
- Simplification and streamlining of Offer Documents of Mutual Fund Schemes – Extension of timelinesSEBI
- Measures to instill trust in securities market – Expanding the framework of Qualified Stock Brokers (QSBs) to more stock brokersDGFT
- Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZDGFT
- Procedure for Import Allocation for the Financial Year 2024-25, for import of Calcined Petroleum Coke for Aluminium Industry and Raw Petroleum Coke for CPC manufacturing industryCustoms
- Inclusion of gender specific infrastructure facilities to be provided by the Custodian CCSP-CFS/AFS/ICD under the HCCAR, 2009Customs
- Encouraging Women participation in International TradeCustoms
- Product Designation for Commercial Import of Premium Frozen Duck Meat into IndiaDGFT
- Import of Menthol covered under ITC(HS) codes: 29061100, 30039021, 33012590 and 33012400 under Advance Authorisation/DFIADGFT
- Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders and EOU⇒ Startup Mahākumbh witnesses record-breaking participation and enthusiasm
⇒ Patent office grants One Lakh Patents in one year
⇒ Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs
⇒ Government of India and ADB sign $23 million loan agreement to strengthen fintech ecosystem in India
⇒ MoU signing between DGFT and DHL
⇒ Government of India, ADB sign $181 million loan to improve livability and mobility in Ahmedabad
⇒ 67th Meeting of Network Planning Group under PM GatiShakti evaluates five infrastructure projects
Rate of tax on dentists' chairs, instruments & appliances (54)
Itc claim under wrong head (15)
Gst paid on royalty- entitlement of itc on the portion of royalty (13)
Gst on drc (13)
Itr rectification or itr u (12)
Penalty u/s 129 and 130, section 17(5)(i) (11)
Excess gst paid in gstr-3b reclaim in next month (11)
Query regarding section 16(4) of cgst act (11)
Penalty under section 122(1)(ii) of the gst act (11)
Regarding excemption on rent (11)
Inclusion of rental business location as additional place of business (pob) (10)
Ineligible itc (10)
Gst implication on non metals clad with precious metals (10)
Rcm liability on royalty charged / paid to mines owner (9)
Applicability of itc reversal as per s.16(2) (9)
Forum - Recent Replied Issues
Registration suspension and solution (4)
No order passed after submission of reply to scn for cancellation of reg ... (6)
Reversal of itc under tnvat (6)
Rcm liability on freight paid for transporation of exemptd goods ... (5)
Gst applicability on brand/ logo usage by group companies ... (7)
Gst refund amendment of section 54(8)(a) impact ... (6)
Transfer of ongoing business (4)
Reversal of invoice dated fy 21-22 in fy 22-23 ... (3)
Ineligible itc-supplier uploaded invoices after 16(4) due date ... (4)
Show cause notice u/s 148a for not submission of itr for ay 2017-18 ... (1)
Constitutional validity of rule 96(10) of cgst rule, 2017 ... (2)
Registration requirement and eligibility of itc ... (5)
Jiva Seva is Shiva Seva:
Service to humanity is Service to God
May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.
- Swami Vivekananda, CW, 5:137