By: AdminMay 24, 2024Categories: News|Press Release4 Min Read The State Goods and Services Tax (GST) department has unearthed massive tax evasion in the metal scrap trade sector where fake GST…
ICICI Lombard gets GST show-cause notice worth ₹288 crore
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read ICICI Lombard General Insurance Company Ltd has received a GST show-cause notice worth ₹288 crore for fiscal year 2020, CNBC-TV18 said…
CESTAT Issues Circular on No Adjournments for Pre-2018 Appeals
By: AdminMay 24, 2024Categories: CESTAT|Notification And Circular4 Min Read The Customs Excise and Service Tax Appellate Tribunal (CESTAT) issued a Circular on May 16, 2024 to address the backlog of…
Major rejig of Customs duty, GST being planned
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read The government has identified a clutch of products where inverted duty structure is distorting trade and impacting manufacturing competitiveness and has…
Tamil Nadu GST Dept Issues SOP and ‘Welcome Letter’ Guidelines for New Taxpayers
By: AdminMay 24, 2024Categories: State GST Notification and Circular4 Min Read The Tamil Nadu GST Department, vide Circular No. 4/2024 (PP2/GST-15/29/2024) dated May 20, 2024, issued guidelines regarding the Standard…
Service Tax payable under reverse charge when reimbursable expense incurred by distributor on providing service on behalf of taxable person
By: AdminMay 24, 2024Categories: Important Pronouncements4 Min Read The CESTAT, Chandigarh in the case of M/s. Maruti Suzuki India Ltd. v. Commissioner of Service Tax, Delhi [Service Tax Appeal No.…
The onus is on the Assessee to prove the movement of goods and services
By: AdminMay 24, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Calcutta High Court in the case of Roshan Sharma v. Assistant Commissioner of Revenue, State Tax, West Bengal & Ors.…
HC rejects appeal over reversal of input tax credit on fraudulent supplies
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read The Allahabad High Court has dismissed a petition filed by a firm against penalty, interest imposed on it, and reversal of…
GSTN issued Important Letter on Migration of CBIC to GSTN Back Office
By: AdminMay 23, 2024Categories: GSTN|Notification and Circular4 Min Read The GSTN has issued a very important letter vide F. No. GSTN/PMO/CBIC/2023 dated May 22, 2024 to the Chief Commissioner/Commissioner, State…
India Mandates BIS Certification for Sale of Imported Used Electronics to Ensure Quality: DGFT
By: AdminMay 23, 2024Categories: DGFT|News4 Min Read The importation of used, repaired, refurbished, and reconditioned electronic products destined for sale in India will now require certification from the Bureau of…