Notification OverviewNotification No. 27/2024-Central Tax, issued by the CBIC on November 25, 2024, amends Notification No. 02/2017-Central Tax. It empowers Additional and Joint Commissioners to adjudicate notices issued by officers…
Online Filing Date Considered for GST Appeal Limitation: Madras HC Judgment
Case Title:Kasturi & Sons (P.) Ltd. v. Additional Commissioner of GST & Central Excise (Appeals-1), Chennai Judgment Date: July 10, 2024W.P. No.: 18642 of 2024 The Madras High Court has…
Changes in GST Annual Return Filing for FY 2023-24: What You Need to Know
The GST Annual Return for FY 2023-24 must be filed by December 31, 2024, by all eligible taxpayers, with certain exemptions. This year’s updates bring significant changes, making it crucial…
LIC Challenges ₹1.8 Crore GST Demand in Karnataka
The Life Insurance Corporation of India (LIC) has filed an appeal with the Commissioner (Appeals), Karnataka State, contesting a significant GST demand order issued by the Deputy Commissioner of Karnataka.…
State GST Department Cannot Initiate Proceedings if Central GST Department Has Already Done So
By: AdminDate: November 25, 2024Category: Important Pronouncements Key Judgment: In Baazar Style Retail Ltd. v. Deputy Commissioner of State Tax [W.P.A. No. 16185 of 2024, dated August 19, 2024], the…
GST Collections Decline in H1 FY25: A Cause for Concern
India's Goods and Services Tax (GST) collections have slowed in the first half of the fiscal year 2024-25 (H1 FY25), highlighting weakening consumption trends. Domestic GST revenues grew by 10.5%…
Resolving GSTR-2B Duplicate ITC Issues
Date: November 23, 2024 Duplicate entries in GSTR-2B have created confusion for taxpayers filing GST returns for October 2024. These issues, likely caused by system or filing errors, result in…
Gst Update most recent developments in GST compliance and fraud prevention.
Stay informed with the most recent developments in GST compliance and fraud prevention. 📌 Gujarat SGST Department Detects Rs 3.53 Crore Tax EvasionThe Gujarat State GST Department has identified tax…
GSTR-3B Filing Deadline Passed: File Now to Avoid Penalties and GST Registration Cancellation
By: AdminDate: November 22, 2024Category: GST Recent NewsReading Time: 4 Minutes The deadline for filing GSTR-3B was November 20, 2024, for most GST-registered taxpayers, except in Maharashtra and Jharkhand, where…
CBIC Clarifies Applicability of Concessional Duty under IGCR Rules, 2022
By: AdminDate: November 22, 2024Category: CBIC | Notification and Circular > CustomsReading Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 26/2024-Customs on…