By: AdminMay 20, 2024Categories: GST Recent News4 Min Read In a reprieve for the Chennai Metrowater Supply and Sewerage Board (CMWSSB), the Madras High Court has set aside an order…
Catch-22 as Excise, commercial taxes departments lock horns over Rs 54 crore dues
By: AdminMay 18, 2024Categories: GST Recent News4 Min Read The dispute between the Commercial Taxes and Excise departments over payment of Rs 54.53 crore Goods and Services Tax (GST) remains…
Allahabad HC: Authorities Can Act Against Wrongful ITC Claims from Non-Existent Firms
By: AdminMay 18, 2024Categories: GST Recent News4 Min Read The Allahabad High Court ruled that authorities are not barred from taking action against wrongful claims of input tax credit (ITC),…
GST Portal Update: Track Application Status Now Shows Physical Verification Markings
By: AdminMay 18, 2024Categories: GST Portal Updates|Important News4 Min Read GST PORTAL UPDATE: The 'Track Application Status' tab on the GST Portal now reflects whether a New Registration Application has…
CA Institute to issue international networking guidelines for Indian firms; ICAI President
By: AdminMay 18, 2024Categories: ICAI|News4 Min Read CA Institute will soon issue international networking guidelines to enable domestic firms to spread their footprints abroad, its President said. The Institute of…
⚖ Supreme Court Reserves Judgment on CGST/SGST Act & Customs Act Provisions
📅 May 16, 2024 | The Supreme Court has reserved its judgment on a series of petitions challenging the constitutional validity and interpretation of the provisions within the CGST/SGST Act…
Mutual funds: SEBI eases KYC formalities, withdraws PAN-Aadhaar link rule for now. Check latest rules
By: AdminMay 18, 2024Categories: News|SEBI4 Min Read Mutual fund investors can breathe easy for now. Those who were struggling with KYC non-compliance issue on account of non-linkage of PAN-Aadhaar should…
CBIC issued Instructions regarding release of imported consignments of producers 106 EEEs items as listed in the E-Waste (Management) Rules 2022
By: AdminMay 18, 2024Categories: CBIC|Notification And Circular>Customs4 Min Read The CBIC issues Instruction No. 14/2024-Customs dated May 17, 2024 regarding the e-Waste (Management) Rules, 2022 — Regarding release of imported…
No denial of ITC merely because the supplier failed to file returns and pay taxes
By: AdminMay 18, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Uttarakhand High Court in Subhash Singh v. Deputy Commissioner, SGST [Special Appeal No. 100 of 2024 dated May 03, 2024]…
DGFT conducting study to identify and align best global practices in trade finance
By: AdminMay 17, 2024Categories: DGFT|News4 Min Read The Directorate General of Foreign Trade (DGFT) is evaluating best global practices in trade finance and identifying regulatory reforms to align India's future…