By: AdminMay 11, 2024Categories: Income Tax|Income Tax News4 Min Read Well-heeled Indians betting on ‘blank cheque’ firms — the Wall Street term for special purpose acquisition companies or SPACs —…
RBI asks NBFCs not to lend more than Rs 20,000 in cash for gold loan
By: AdminMay 11, 2024Categories: News|RBI4 Min Read The Reserve Bank of India (RBI) has cautioned the non-banking finance companies (NBFCs) extending gold loans against breaching the Rs 20,000 cap on…
Industry Expects Rate Rationalization Of GST In Budget FY 2025
By: AdminMay 11, 2024Categories: GST Recent News4 Min Read Businesses are preparing to submit their suggestions for indirect tax changes to the Indian Ministry of Finance. One key proposal is…
All benches of GST Appellate Tribunal (GSTAT) may start functioning by January 2025
By: AdminMay 10, 2024Categories: GST Recent News4 Min Read The government intends to operationalise all the benches of GST Appellate Tribunal (GSTAT) by January 2025, as it aims to alleviate…
Notified Area Authority, Vapi neither Local or Governmental Authority for levy of GST
By: AdminMay 10, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Gujarat High Court in the case of M/s. Nepra Resources Management Private Limited and Anr. v. State of Gujarat [R/Special…
DGFT issued Clarification on Applicability of it’s Notification No. 71/2023
By: AdminMay 10, 2024Categories: DGFT|Notification And Circular4 Min Read The DGFT vide Trade Notice No. 03/2024 dated May 10, 2024 clarifies the applicability of Notification No. 71/2023 dated March 11,…
Enabling provisions for import of inputs that are subjected to mandatory QCOs by Advance Authorisation holders, EOU and SEZ
By: AdminMay 10, 2024Categories: DGFT|Notification And Circular4 Min Read The DGFT issued Public Notice No. 04/2024-25 dated May 10, 2024 regarding the enabling provisions for import of inputs that are…
GST relief for Pharma sector? BIG update likely from GST Council
By: AdminMay 10, 2024Categories: GST Recent News4 Min Read GST relief for Pharma sector: The Pharma sector is likely to get relief from Goods and Services Tax (GST) - ET…
Govt to consider some relief for money gaming industry from retrospective GST claims
By: AdminMay 10, 2024Categories: GST Recent News4 Min Read The government is likely to consider some form of relief to the money gaming industry from the retrospective tax claims according…
Arrest under GST Act should not be based on mere suspicion, says SC
By: AdminMay 10, 2024Categories: GST Recent News4 Min Read The Supreme Court told the Centre on Thursday that any arrest under the Goods and Services Tax (GST) Act should not…