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Date: November 16, 2024Category: Customs | CBIC Notifications Key Details The Central Board of Indirect Taxes and Customs (CBIC) issued Instruction No. 29/2024-Customs on November 14, 2024, to outline the…
Date: November 16, 2024Category: 55th GST Council The 55th GST Council Meeting, scheduled for December 21, 2024, in Jaisalmer, Rajasthan, will focus on two important topics: GST relief on health…
Date: November 16, 2024Category: ICAI | News The Karnataka High Court has issued an interim order restraining the Institute of Chartered Tax Practitioners India (ICTPI), a Bengaluru-based organization, from enrolling…
Case Overview The Hon’ble Madras High Court ruled in the case of M/s. SS Traders v. Joint Commissioner (ST) (Intelligence) [Writ Petition No. 15363 of 2021, dated August 16, 2024]…
Date: November 15, 2024Category: CBIC | Press ReleaseRead Time: 4 Min Shri Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), inaugurated the GST &…
Case: Bombay High Court - L&T IHI Consortium vs. Union of India & Ors.Writ Petition: No. 2980 of 2019 Key Highlights: ITC Allowed Despite Non-Compliance with Section 16(2)(b):The Bombay High…
Date: November 15, 2024Category: Income Tax News Key Filing Statistics: Over 8 crore Income Tax Returns (ITRs) were filed for the Assessment Year 2024-25, covering income earned in FY 2023-24.…
Date: November 15, 2024Category: Tax News Union Finance Minister Nirmala Sitharaman dismissed the Karnataka government's allegations of "step-motherly treatment" in tax devolution as baseless and aimed at creating confusion among…
Author: AAERM Law Associates The Finance Ministry is working swiftly to reform the Income Tax Act of 1961. This effort aims to simplify compliance, remove outdated clauses, and foster fairness…
Introduction The Finance Ministry has initiated a major reform to streamline the Income Tax Act of 1961. This initiative seeks to simplify the tax system by removing outdated provisions and…