The commercial taxes department has issued notices to nearly 250 tourist taxi owners for failing to register under the Goods and Services Tax (GST). These notices are specifically targeting operators…
New Income Tax Rules: Parents Can Now Claim TCS Credits for Children’s Foreign Education
The Central Board of Direct Taxes (CBDT) has updated income tax rules, allowing taxpayers to claim Tax Collected at Source (TCS) credits on behalf of someone else. This is a…
Can the 12% GST Slab Be Done Away With to Simplify the Tax Framework?
The ongoing discussion around the Goods and Services Tax (GST) structure in India has raised questions about the viability of the 12% GST slab, which currently contributes only about 5%…
GoMs to Discuss GST Rates on Insurance and Overall Rate Rationalisation on Saturday
Date: October 18, 2024Categories: #GSTRecentNewsRead Time: 4 Min Two Groups of Ministers (GoMs) will meet on Saturday under the leadership of Bihar’s Deputy Chief Minister Samrat Chaudhary to discuss GST…
Geo Membrane Classification Under Chapter 59 – Gujarat High Court VerdictBy Admin | October 18, 2024 | 4 Min Read
Categories: Important Pronouncements The Hon'ble Gujarat High Court in M/s Ananta Synthetic Innovations v. State of Gujarat [Special Civil Application No. 504 of 2023, dated July 11, 2024] ruled that…
Kerala High Court Rules Order Passed Against Deceased Person as Null and VoidBenoy Abraham v. State Tax Officer [W.P. (C) No. 10362 of 2024]
The Kerala High Court ruled that an order issued against a deceased person is legally void. This important decision is based on Section 93 of the CGST Act, 2017, which…
Delhi High Court Issues Notice on CA Certification for Credit Reversal in Post-Sales DiscountM/s. JSW Steel Limited v. DGGI and Ors. [W.P. (C) No. 13769/2024]
The Delhi High Court has issued a notice in response to a writ petition filed by M/s. JSW Steel Limited, challenging Circular No. 212/6/2024-GST dated June 26, 2024. The Circular…
Recent Important Amendments in the CGST Rules (2024)
By: Admin October 18, 2024 Categories: GST Law | Our Articles 4 Min Read Rule 36 - Documentary Requirements for Claiming ITCThe CBIC, via Notification No. 20/2024 – Central Tax…
CBDT Issues Guidelines for Compounding of Offences under Income-Tax Act 1961
Date: October 18, 2024Categories: #CBDTNotification #TaxCircular #IncomeTaxAct1961Read Time: 4 Min The Central Board of Direct Taxes (CBDT) has released updated guidelines (F.No. 285/08/2014-IT(lnv.V)/163) on October 17, 2024, for the compounding…
Andhra Pradesh Government Unveils Clean Energy Policy: Sops and GST Relief
Date: October 17, 2024Categories: #GSTRecentNewsRead Time: 4 Min The Andhra Pradesh government has announced its Integrated Clean Energy (ICE) policy, aiming for a massive investment of ₹10 lakh crore by…