Advisory No. 562 issued on December 18, 2024, provides detailed guidance on the accurate entry of Railway Receipt Numbers (RR No.) or eT-RRs in the E-Way Bill (EWB) system. This…
GCCI Seeks SOP for GST Registration to Ease Business Operations
Date: December 18, 2024Category: GST Recent NewsRead Time: 4 Minutes The Gujarat Chamber of Commerce and Industry (GCCI) has urged the government to implement a Standard Operating Procedure (SOP) for…
GST Council May Reverse Supreme Court Verdict in Safari Retreats Case
Date: December 19, 2024Category: GST Case UpdateRead Time: 4 Minutes The GST Council plans to discuss a proposal to retrospectively amend the Central Goods and Services Tax (CGST) Act during…
CAG Flags Errors in Income Tax Assessments and Revenue Loss
Date: December 19, 2024Category: TAX NewsRead Time: 4 Minutes The Comptroller and Auditor General (CAG) of India has identified widespread errors and omissions in income tax assessments, resulting in an…
Kerala GST Dept. Issues Notification on Settlement of Tax Arrears Under Kerala Finance Act, 2024
The Kerala Government, through the Taxes (B) Department, issued Notification G.O.(P) No.174/2024/TD on December 12, 2024. This notification amends the earlier one (G.O.(P) No.124/2024/TD dated September 28, 2024). It specifies…
GST Council Meeting: Big-Ticket Rate Rationalisation Requires More Discussions
The Goods and Services Tax (GST) Council will meet in Jaisalmer on December 21, 2024, to discuss various issues. Key topics include tax relief for health and life insurance premiums.…
GST Council Meeting: GoM Proposes Reducing GST Rate to 5% for Health Insurance Services
The 55th GST Council meeting will review the current GST structure on life and medical insurance. The Group of Ministers (GoM) on Health Insurance shared its recommendations on December 16,…
SCN Issuance Under Both Section 73 and 74 of the CGST Act: Punjab & Haryana HC Ruling
The Punjab & Haryana High Court recently clarified the relationship between proceedings under Section 73 and Section 74 of the CGST Act. In the case of Group M Media India…
ICAI Releases Technical Guide on GST Annual Return (Form GSTR-9) – December 2024 Edition
The Institute of Chartered Accountants of India (ICAI), on December 14, 2024, released the December 2024 Edition of the Technical Guide on GST Annual Return (Form GSTR-9). This updated guide…
Steady Rise in CSR Expenditure in Aspirational Districts: ₹1,402.89 Cr Spent in FY 2022-23
Section 135 of the Companies Act, 2013, along with Schedule VII and CSR Policy Rules (2014), governs Corporate Social Responsibility (CSR). CSR expenditure in Aspirational Districts has steadily grown over…