By: AdminJune 03, 2024Categories: CBIC|Important News4 Min Read In a significant milestone in the digital transformation of CBIC, Sh. Sanjay Kumar Agarwal, Chairman CBIC launched the GSTN Back Office application…
Relaxation in the provision of submission of ‘Bill of Export’ as evidence of export obligation discharge for supplies made to SEZ units in case of Advance Authorisation
By: AdminJune 03, 2024Categories: DGFT|Notification And Circular4 Min Read The DGFT issued Policy Circular No. 04/2024 dated June 03, 2024 regarding the relaxation in the provision of submission of 'Bill…
Pre-deposit is to be paid through Electronic Cash Ledger when Electronic Credit Ledger is blocked due to denial of ITC
By: AdminJune 03, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Madras High Court in the case of KOG-KTV Food Products (India) (P.) Limited v. Joint Commissioner (Appeals) [W.P. (MD) No.…
GST appeal process to be fully digitised
By: AdminJune 03, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax Network (GSTN) will digitilse the entire process of dispute resolution via appeal to the GST Appellate…
Registration of property sale cannot be refused by sub-registrars over income tax dues of original borrowers: Karnataka High Court
By: AdminJune 01, 2024Categories: Income Tax|Income Tax News4 Min Read The Karnataka High Court has observed that income tax dues of the original borrowers of a property cannot bar the…
Telangana exports up 22.9% in 2023-24
By: AdminJune 01, 2024Categories: export import|News4 Min Read Even as the top exporting states like Gujarat, Maharashtra, Karnataka, Uttar Pradesh and Andhra Pradesh recorded negative growth in 2023-24, Telangana performed…
India slashes windfall profit tax on crude petroleum
By: AdminJune 01, 2024Categories: Central Excise - 2023|Notification And Circular4 Min Read The Narendra Modi government on Friday (May 31) cut the windfall profit tax on crude petroleum produced in…
HC stays Rs 7 crore GST demand on Tamil Nadu Electricity Regulatory Commission
By: AdminJune 01, 2024Categories: GST Recent News4 Min Read The Madras High Court stayed the show cause notice issued by the Directorate General of GST Intelligence (DGGI) to the Tamil…
CBIC issued Important Guidelines for initiation of recovery proceedings before three months from the date of service of demand order
By: AdminMay 31, 2024Categories: CBIC|GST Law|Notification And Circular4 Min Read The CBIC vide Instruction No. 01/2024-GST dated May 30, 2024 has issued Guidelines for initiation of recovery proceedings before three…
Real GDP Growth at 8.2% and Real GVA at 7.2% for FY 2023-24; Q4 Growth at 7.8% for GDP and 6.3% for GVA
By: AdminMay 31, 2024Categories: GDP|Press Release4 Min Read The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, the Provisional Estimates (PE)…