By: AdminMay 07, 2024Categories: GST Recent News4 Min Read In what could set a precedent for all automobile manufacturers and dealerships in the country, the Authority for Advance Ruling (AAR)…
GST helped states earn 24% more than the old regime: FM Sitharaman
By: AdminMay 07, 2024Categories: GST Recent News4 Min Read Finance minister Nirmala Sitharaman on Monday dismissed concerns that rising goods and services tax (GST) collections were solely benefiting the Centre.…
Ministry of Finance Updates Authorized Banks List for Customs effective from April 01, 2024
By: AdminMay 07, 2024Categories: CBIC|Notification And Circular>Customs4 Min Read The Ministry of Finance vide Notification No. 25/2024 - Customs, dated May 06, 2024 has amended Notification No. 50/2017-Customs dated June…
Govt may up GST return discrepancy threshold for notices, says source
By: AdminMay 07, 2024Categories: GST Recent News4 Min Read In a bid to streamline the flurry of automated goods and services tax notices for discrepancies in companies' returns from the…
DGFT; Export of food commodities through National Cooperative Exports Limited (NCEL)
By: AdminMay 06, 2024Categories: DGFT|Notification And Circular4 Min Read The DGFT issued Notification No. 11/2024-25 dated May 06, 2024 regarding the export of 14,000 MT of Non-Basmati White Rice to…
FM Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of GST Appellate Tribunal in New Delhi
By: AdminMay 06, 2024Categories: CBIC|GST Law|Press Release4 Min Read Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman administered the oath of integrity and secrecy to Justice (Retd.) Sanjaya…
Punjab and Haryana HC stays CBIC-circular on taxability of corporate guarantee between related parties
By: AdminMay 06, 2024Categories: GST Recent News4 Min Read In a recent development, the Punjab and Haryana High Court has put a hold on a circular issued by the central…
Govt clamps down on dumping from China: Over 1/3rd anti-dumping duties levied in cases with sole or two producers since FY22
By: AdminMay 06, 2024Categories: CBIC|News4 Min Read Over one-third of anti-dumping duties imposed by the Finance Ministry in the last three financial years covered goods manufactured by either a sole…
Tax season update: Over 7 lakh returns filed so far for assessment year 24-25
By: AdminMay 06, 2024Categories: Income Tax|Income Tax News4 Min Read As the tax filing season for the assessment year 24-25 gains momentum, official data reveals that a notable number of…
CBDT; Important Guidelines for Compulsory Scrutiny of Returns for FY 2024-25
By: AdminMay 06, 2024Categories: CBDT Notification|Notification And Circular4 Min Read The CBDT issued Guidelines vide F.No.225/72/2024IITA-II dated May 03, 2024 for compulsory selection of returns for Complete Scrutiny during the…