📅 Date: October 28, 2024📂 Category: GST Recent News⌛ Read Time: 4 Min Anvi Kumar, a 17-year-old Delhi student and founder of The Mind Canvas, has filed a Public Interest…
GSTN Issues Crucial Advisory on Barring GST Returns After Three-Year Expiry
📅 Date: October 29, 2024📂 Categories: GST Portal Updates | Important News⌛ Read Time: 4 Min The Goods and Services Tax Network (GSTN) has released Advisory No. 540 regarding the…
DGFT Amends SION E-125 for Export of Shea Stearine with Revised Import Entitlements
📅 Date: October 28, 2024📂 Categories: DGFT | Notification and Circular⌛ Read Time: 4 Min The Director General of Foreign Trade (DGFT), through Public Notice No 28/2024-25 dated October 28,…
Finance Ministry Updates Excise Duty on Blended Aviation Turbine Fuel
📅 Date: October 28, 2024📂 Categories: Central Excise⌛ Read Time: 4 Min The Ministry of Finance, Department of Revenue, has issued Notification No. 27/2024-Central Excise on October 28, 2024, amending…
Tamil Nadu GST Department Sets Turnover Limit for DCTOs
📅 Date: October 28, 2024📂 Categories: State GST Notification and Circular⌛ Read Time: 4 Min The Tamil Nadu GST Department has issued Notification No. 3/2024-TNGST on October 28, 2024, establishing…
Maruti Suzuki’s Rs 139 Crore GST Demand Upheld by Haryana Appeals Authority
Maruti Suzuki India (MSI) faced a setback as the Haryana GST appeals authority upheld a tax demand of ₹139.3 crore. This demand covers the period from July 2017 to August…
Delhi High Court Declares GST Cancellation Invalid Without Personal Hearing
The Delhi High Court has ruled that canceling GST registration without a personal hearing violates the principles of natural justice. This decision reinforces the importance of fair hearing procedures in…
Income Tax Department Releases Updated Common Offline Utility for ITR Filing
The Income Tax Department has launched the latest version of its Common Offline Utility (version 1.1.7) for filing Income-tax Returns (ITR 1 to ITR 4) for the Assessment Year 2024-25.…
GST Reform Needs Holistic Approach, Not Piecemeal Changes
Recent discussions by Goods and Services Tax (GST) Council ministers indicate recommendations for rate adjustments, exemptions for lower health insurance covers, and the potential merging of the compensation cess with…
Income Tax Department Releases Updated Utilities & Schema for ITR-7 Filing
The Income Tax Department has launched the latest version of utilities and schema for filing ITR-7, catering to entities required to file returns under sections 139(4A), 139(4B), 139(4C), and 139(4D).…