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Highlights 
December 4, 2024 Circulars GST
December 4, 2024 Circulars Indian Laws
December 4, 2024 Circulars SEBI
December 4, 2024 Circulars SEBI
December 4, 2024 Notifications Central Excise
December 4, 2024 Notifications Customs
December 4, 2024 Notifications Central Excise
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Income Tax
December 4, 2024 Case Laws Customs
December 4, 2024 Case Laws Customs
December 4, 2024 Case Laws Customs
December 4, 2024 Case Laws Customs
December 4, 2024 Case Laws Customs
December 4, 2024 Case Laws Customs
December 4, 2024 Case Laws Companies Law
December 4, 2024 Case Laws Companies Law
December 4, 2024 Case Laws SEBI
Articles
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ONCE THE CLASSIFICATION OF THE CUSTOMS/EXCISE DEPARTMENT FAILS THE CONSEQUENCE PROCEEDINGS ARE TO BE SET ASIDE
December 4, 2024
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STATES TO REGULATE INDUSTRIAL ALCOHOL NOW
December 4, 2024
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Key Features and Benefits of the Spice MCA Form
December 4, 2024
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High Court issued notice to Revenue as there was no option on the GST portal to file the appeal if transitional credit was rejected
December 4, 2024
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MONITORING COMMITTEE FOR CORPORATE INSOLVENCY RESOLUTION PROCESS CASES
December 3, 2024
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CONTINUATION AND VALIDATION OF RECOVERY PROCEEDINGS IN GST
December 3, 2024
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Common Mistakes to Avoid: AGM for OPC
December 3, 2024
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Demand cannot be raised solely based on the oral statement of witness without any further evidence or corroboration
December 3, 2024
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PAYMENT OF PRE-DEPOSIT FOR FILING APPEAL BY DEBITING ELECTRONIC CREDIT LEDGER – POSSIBLE?
December 2, 2024
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SCOPE OF BUSINESS AND PLACE OF BUSINESS IN GST
December 2, 2024
Short Notes
Customs Valuation and Classification: Upholding Due Process and Objective Assessment
Income Tax Case Transfers: Place of Business vs. Registered Office: Determining the Appropriate Jurisdiction for Income Tax Assessments
Validity of Writ Petitions and Section 153C Proceedings: Examining the High Court Judgment
Interpreting Time Limits for 80G Registration for Charitable Institutions: Avoiding Absurdity in the Law
Unraveling the Web: Forgery, Fake GST Firms, and the Pursuit of Economic Justice
Interplay between the provisions of Section 153C and Section 147: Limits on Automatic Reassessment in Search Cases
Decoding the GST Forgery Case: Balancing Personal Liberty and Safeguarding Public Interest for Grant of Bail in Economic Offenses
Equity and Justice in Tax Matters: Condonation of Bona Fide Delays
Embracing Equity in Tax Laws: Recognizing Genuine Difficulties in Condonation of Delays in filing of ITR
Recovery Proceedings Against Legal Heirs of Sole Proprietors: Invalidity of Demand Notices Issued Against Deceased Exporters
Jurisdiction of DRI Officers: Supreme Court Upholds Section 97 of Finance Act 2022 validating Customs Notices
Dissecting the Legality of IGST on Ocean Freight for FOB Imports: Refund of IGST
Real Income Taxation: Avoiding Double Disallowance of Wages and Salaries Payable
Jurisdictional Prerequisites for Initiating Reassessment u/s 148: Non-Depoist of TDS by the Employer
Revisiting the Scope of "Record" u/s 263: Embracing Subsequent Records
Interpreting "Record": Revisiting the Scope of Revision Powers u/s 264 and Rectification of Mistake u/s 154
The Doctrine of Natural Justice in GST Proceedings: A Case Study on Show Cause Notice u/s 74"
Input Tax Credit (ITC) and the Concept of "Plant" under GST: Supreme Court
Inordinate Delay in Adjudication: High Court's Stance on Quashing Show Cause Notices
Inordinate Delay in Adjudication: Upholding the Principles of Natural Justice
Supreme Court Upholds Validity of Re-Assessment Notices Issued During COVID-19 Lockdown
Unraveling the Mineral Rights Regime: The Supreme Court's Landmark Judgment
Navigating the Faceless Assessment Regime: A Judicial Perspective
Evidentiary Value of Statements Recorded During Income Tax Surveys: A Judicial Analysis
Notifications
PMLA
- Central Government Authorization for Aditya Birla Sun Life Mutual Fund to perform Aadhaar Authentication for the purposes of section 11A of the Money-laundering ActDecember 3, 2024
Cus
- Seeks to rescind Notification No. 32/2022-Customs dated 30th June, 2022.- It was exempting imports of Petroleum Crude and ATF from whole of the additional duty of Customs as is equivalent to the Special Additional Excise Duty leviable thereon under section 147 of the Finance Act, 2002December 3, 2024
CE
- Seeks to rescind Notification No. 08/2022-Central Excise dated 30th June, 2022- Exemption relating to certain applicable duties on petrol, diesel and ATF cleared for exportsDecember 3, 2024
CE (NT)
- Seeks to amend Rule 18 and Rule 19 of the Central Excise Rules, 2017 - Rule 18 is related to Rebate of duty and rule 19 is related to Export without payment of dutyDecember 3, 2024
CE
- Seeks to withdraw Road and Infrastructure Cess (RIC) on export of motor spirit, commonly known as petrol, and high speed diesel oil.December 2, 2024
CE
- Seeks to withdraw Special Additional Excise Duty (SAED) on production of Petroleum Crude and on export of Aviation Turbine Fuel, motor spirit, commonly known as petrol, and high speed diesel oil.December 2, 2024
IT
- Central Government approves ‘International Institute of Information Technology, Hyderabad for ‘Scientific Research' under the category of ‘University, College or Other Institution’ for the purposes of clause (ii) of sub-section (1) of section 35December 2, 2024
SEBI
- Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2024.November 29, 2024
SEZ
- Central Government de-notifies an area of 0.7532 hectares, thereby making resultant area as 21.7468 hectares at Outer Ring Road, Devarabeesanhalli Village, VarthurHobli, Bengaluru East Taulk, Bengaluru in the State of KarnatakaNovember 29, 2024
SEZ
- Central Government de-notifies an area of 1.4787 hectares, thereby making resultant area as 8.6979 hectares at Rajiv Gandhi Infotech Park, Phase-I, Hinjewadi Pune, in the State of MaharashtraNovember 29, 2024
SEZ
- Central Government notifies an additional area of 37.6980 hectares, thereby making the total area of the Special Economic Zone as 588.6514 hectares at Gopalpur, District Ganjam, in the State of OdishaNovember 29, 2024
SEZ
- Central Government de-notifies an area of 22.9187 hectares, thereby making the resultant area as 91.8521 hectares at Village Matoda, Sari and Chachanvadi Vasna on National Highway-8-A, Taluk Sanand, District Ahmedabad in the State of GujaratNovember 29, 2024
SEZ
- Central Government rescinds the Notification Number S.O. 2583 (E) dated 09.10.2009November 29, 2024
SEZ
- Central Government rescinds the Notification Number S.O. 503 (E) dated 28.02.2013November 29, 2024
SEZ
- Central Government rescinds the Notification Numbers S.O. 2394 (E) dated 30.09.2010 and S.O. 260 (E) dated 10.02.2012November 29, 2024
Circulars/ Public Notices
GST
- Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on 'Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017'December 4, 2024
SEBI
- SMS and E-mail alerts to investors by stock exchangesDecember 3, 2024
Indian Laws
- International Financial Services Centres Authority (Informal Guidance) Scheme, 2024December 2, 2024
IBC
- Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.December 2, 2024
Income Tax
- Extension of due date for furnishing return of income in the case of an assessee who is required to furnish a report referred to in section 92E regarding International Transactions for the AY 2024-25November 30, 2024
SEBI
- Business Continuity for Interoperable Segments of Stock ExchangesNovember 28, 2024
SEBI
- Valuation of repurchase (repo) transactions by Mutual FundsNovember 26, 2024
SEBI
- Guidelines to Stock Exchanges, Clearing Corporations and DepositoriesNovember 22, 2024
SEBI
- Withdrawal of Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue AmountNovember 21, 2024
Customs
- Clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instancesNovember 21, 2024
Customs
- Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022November 21, 2024
Customs
- Mandatory additional qualifiers in import declarations in respect of coking/ non-coking coal w.e.f 15.12.2024November 20, 2024
SEBI
- Amendment to Para 15 of Master Circular for Credit Rating Agencies (CRAs) dated May 16, 2024 (“Master Circular”)November 18, 2024
Income Tax
- Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23November 18, 2024
Income Tax
- Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment yearsNovember 18, 2024
News
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Consultation paper on the proposed International Financial Services Centres Authority (Informal Guidance) Scheme, 2024
December 4, 2024
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Ministry of Corporate Affairs has taken several steps to improve ease of doing business and enhance ease of compliance
December 4, 2024
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Prime Minister’s Internship Scheme (PMIS) announced in the Budget 2024-25, aims to provide internship opportunities to one crore youth in top 500 companies in five years
December 4, 2024
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43,30,121 accounts opened under Mahila Samman Savings Certificate Scheme (MSSC) till 31.10.2024
December 4, 2024
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Repayment of ‘6.35% OIL MKTNCO GOI BOND 2024’
December 4, 2024
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Auction for Sale (issue/re-issue) of (i) ‘New GS 2027’, (ii) ‘6.92% GS 2039’ and (iii) ‘7.09% GS 2054’
December 4, 2024
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CCI approves the acquisition of certain shareholding of Shiprocket Private Limited by MUFG Bank, Ltd.
December 4, 2024
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CCI approves the acquisition of certain shareholding in Shiprocket Private Limited by KDT Venture Holdings, LLC
December 4, 2024
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Data User Conference on the Annual Survey of Industries (ASI) 2022-23 to be held on December 5, 2024, at Sushma Swaraj Bhawan, New Delhi
December 3, 2024
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Supply Chain Council formed under Supply Chain Resilience Agreement, with USA as Chair and India as Vice-Chair
December 3, 2024
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India's Advancing Role in Global Trade Competitiveness
December 3, 2024
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Directorate of Revenue Intelligence (DRI) to celebrate 67th Foundation Day on 4th December 2024
December 3, 2024
Forum - Popular issues
Itc available on lift installed in commercial building given for rent (119)
Rcm on audit fee (42)
Gst on office (27)
16(4) time limit (19)
Itc eligibility under rcm (15)
Non issue of tax invoice by registered gta (15)
Can smr authority monitor the adjudication order? (14)
Itc reversal on fixed assets written off in the books (14)
Rmc on fright (12)
Rule 86b restriction not applied where income tax paid (12)
Works contractors - tds data (11)
Inclusion of rental business location as additional place of business (pob) (11)
Ineligible itc (11)
Family in gst law (11)
Deemed exports (11)
Forum - Recent Replied Issues
Treatment of itc reversed (4b2 of gstr3b) and reclaimed (4d1 of gstr3b) amo ... ... (11)
Reversal of itc on re-import of goods exported under lut ... (2)
Misuse of power (4)
Gst input on gta bill with 5% invoice (4)
Export return (6)
No response for grievance filed on 29-10-2024 ... (7)
Limitation period for filing appeal (1)
Loss due to fire or theft gst trearment (3)
Interest u/s 50 of cgst act 2017 (6)
Gst audit u/s 65 and show cause u/s 73 (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
