By: AdminMay 29, 2024Categories: DGFT|Notification And Circular4 Min Read The DGFT issued Public Notice No. 06/2024 dated May 28, 2024, putting Public Notice No. 05/2024 dated May 27, 2024 on…
Department should seek document/clarification if required from assessee before passing order
By: AdminMay 29, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Delhi High Court in Spinclabs (P.) Ltd. v. Commissioner of Delhi Goods and Services Tax [W.P. (C) NO. 4187 OF…
Appellate authority cannot proceed on an order issued by a Non-competent authority
By: AdminMay 29, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Delhi High Court in Rahul Packaging v. Union of India [W.P. (C) NO. 5373 OF 2024 dated April 16, 2024]…
GST Council’s fitment committee likely to consider dropping 12% slab
By: AdminMay 29, 2024Categories: GST Recent News4 Min Read The fitment committee under the Goods and Services Tax (GST) Council, comprising central and state officials, has begun a rate rationalisation…
Govt to integrate data repositories to curb GST evasion, fraud
By: AdminMay 29, 2024Categories: GST Recent News4 Min Read The Central Board of Indirect Taxes and Customs (CBIC) is mulling to merge its existing database of DG (Systems) with that…
Uttarakhand court cancels bail of prime conspirator in illegal timber trade case
By: AdminMay 29, 2024Categories: GST Recent News4 Min Read A court in Uttarakhand on Tuesday cancelled the bail granted to Shahnawaz Hussain, the main conspirator of the illegal timber trade…
Claim of credit depends upon fulfilment of ITC conditions, not when it auto populated in GSTR-2B
By: AdminMay 28, 2024Categories: Advance Ruling-New4 Min Read The Telangana, AAR in the matter of M/s. Noori Travels [TSAAR ORDER NO.08/2024 dated May 01, 2024] ruled that the credit on…
Remedy cannot be availed under writ jurisdiction when alternate remedies not availed efficaciously
By: AdminMay 28, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Patna High Court in the case of Rajesh Kumar Dubey v. Union of India [CWJ Case No. 5113 of 2024…
57 Types of Income & Expenses to be Reflected in AIS on the Income Tax Portal
By: AdminMay 28, 2024Categories: Important News|Income Tax|News4 Min Read The CBDT has released a Handbook on the Annual Information Statement (AIS) and provided a list of 57 types of income…
GSTN announces Launch of E-Way Bill 2 Portal by NIC on June 1, 2024
By: AdminMay 28, 2024Categories: GST Law|GST Portal Updates|Important News4 Min Read The GSTN issued an Advisory No. 499 dated May 28, 2024 on launch of E-Way Bill 2 Portal from…