The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 23/2024-Customs on October 21, 2024, to address concerns related to origin procedures under Free Trade Agreements (FTAs),…
Good News for Taxpayers! New Guidelines for Preventing Prosecution in Income Tax Offences
By: Admin | October 21, 2024Category: TAX NewsRead Time: 4 Minutes The Income Tax Department has revised its guidelines for compounding offences under the Income Tax Act, 1961, offering relief…
GST Panels Propose Slew of Tax Tweaks; Rate Changes Likely for 100+ Products
By: Admin | October 21, 2024Category: GST Recent NewsRead Time: 4 Minutes A Group of Ministers (GoM), formed to assess the Goods and Services Tax (GST) levies on life and…
Eight Booked for Evading ₹561 Crore GST; One Arrested
By: Admin | October 21, 2024Category: GST Recent NewsRead Time: 4 Minutes In a major crackdown, the Goods and Services Tax (GST) department has registered a case of cheating and…
Date of Online Filing Considered as Date of Filing Appeal When Order Appealed Against Uploaded on Common Portal
By: Admin | October 21, 2024Category: Important PronouncementsRead Time: 4 Minutes In a recent ruling by the Hon’ble High Court of Madras, in Sunbeam Generators (P.) Ltd. v. Additional Commissioner…
Rectification Application to Be Mandatorily Disposed Within Six Months Under Section 161 of CGST Act
By: Admin | October 21, 2024Category: Important PronouncementsRead Time: 4 Minutes In a key ruling, the Hon'ble Madras High Court in Manu Blue Metals and M. Sand v. State Tax…
Principal Additional Director DGGI Empowered to Pass Order for Provisional Attachment of Bank Account Under Section 83
By: Admin | October 21, 2024Category: Important PronouncementsRead Time: 4 Minutes The Hon’ble Delhi High Court in Nikhil Gupta v. Principal Additional Director General DGGI Gurugram Zonal Unit [W.P. (C)…
Bogus GST Bill Scam: Search for MLA’s Nephew and 34 Others Continues
By: Admin | October 21, 2024Category: GST Recent NewsRead Time: 4 Minutes The investigation into a massive multi-crore GST scam has expanded, with 35 accused now identified. Among them is…
Invoice Management System May Add Compliance for GST Assessees, Say Tax Experts
By: Admin | October 21, 2024Category: GST Recent NewsRead Time: 4 Minutes The newly introduced Invoice Management System (IMS) aims to enhance the Input Tax Credit (ITC) ecosystem for taxpayers…
Input Tax Credit (ITC) Eligibility for Leasing of Motor Vehicles for Women’s Safety under GST
By: Admin | October 21, 2024Category: Advance Ruling - NewRead Time: 4 Minutes The Tamil Nadu Authority for Advance Ruling (AAR), in the case of M/s. CMA CGM Global Business…