Advisory: Date extension for reporting opening balance for ITC reversal 29/12/2023 1. In order to facilitate the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and to avoid clerical mistakes, a new ledger namely Electronic Credit and Re-claimed Statement was introduced on the GST portal. This statement was made available to… Read More »
GST Number can not be denied if t two persons have been carrying on their business in same premises : High Court HIGH COURT OF MADRAS Bio Med Ingredients (P.) Ltd. v. Assistant Commissioner (ST) / Commercial Tax Officer* KRISHNAN RAMASAMY, J. W.P. NO. 28811 OF 2023 W.M.P. NO. 29632 OF 2013 NOVEMBER 1, 2023… Read More »
New GST Case Law on Section 16(4) of the CGST Act; GST Input Tax Credit (ITC) Madras HC, Madurai Bench – KAVIN HP GAS GRAMIN VITRAK v. THE COMMISSIONER OF COMMERCIAL TAXES [W.P.(MD).Nos.7173 and 7174 of 2023 and W.M.P.(MD)Nos.6764 and 6765 of 2023] – High Court allows belated Input Tax Credit claim, citing the absence… Read More »
PFRDA now allows National Pension System (NPS) subscribers to deposit contributions through Unified Payments Interface (UPI) QR code for D-Remit Posted On: 20 DEC 2023 8:31PM by PIB Delhi In a significant enhancement to the D-Remit process, the Pension Fund Regulatory and Development Authority (PFRDA) has now allowed National Pension System (NPS) subscribers to deposit… Read More »
Income Tax Department conducts search operations in Odisha, Jharkhand and West Bengal Posted On: 21 DEC 2023 5:51PM by PIB Delhi Income Tax Department conducted a Search & Seizure operation on a group, engaged in the business of manufacture and sale of country liquor, grain-based alcohol, bottling of foreign liquor, running hospitals and educational institutions, etc. on… Read More »
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATIONNo. 55/2023 –CENTRAL TAX New Delhi, the 20thDecember, 2023 G.S.R…(E).—In exercise of the powers conferred by sub-section (6) of section 39 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby… Read More »
HIGH COURT OF GAUHATI Pepsico India Holdings (P.) Ltd. v. Union of India MANISH CHOUDHURY, J. WP(C) NO. 6960 OF 2023 DECEMBER 13, 2023 Mrs. R. Borah, Adv. for the Petitioner. DY.S.G.I., Adv. for the Respondent. ORDER 1. Heard Mr. R. Shah, learned Senior Counsel through virtual mode, assisted by Mr. D. Borah and Mr. J. Mishra, learned counsel for… Read More »
HIGH COURT OF BOMBAY Kuehne Nagel (P.) Ltd. v. State of Maharashtra G.S. KULKARNI AND JITENDRA S. JAIN, JJ. WRIT PETITION NO. 15210 OF 2023 DECEMBER 6, 2023 Yash Prakash i/by PDS Legal for the Petitioner. Ms. Shruti D. Vays, Addl. G.P. and Ms. P.N. Diwan, AGP for the Respondent. ORDER 1. By this petition under Article 226 of the Constitution of India, the petitioner has… Read More »
The Telecommunications Bill 2023 LOK SABHA ———— The following Bill was introduced in Lok Sabha on 18th December, 2023 :— BILL NO. 194 OF 2023 A Bill to amend and consolidate the law relating to development, expansion and operation of telecommunication services and telecommunication networks; assignment of spectrum; and for matters connected therewith or incidental… Read More »
Gross Direct Tax collections for FY 2023-24 register a growth of 17.01% Net Direct Tax collections for FY 2023-24 grow at over 20.66% Advance Tax collections for the FY 2023-24 stand at Rs. 6,25,249 crore which shows a growth of 19.94% Refunds aggregating to Rs. 2,25,251 crore issued in the current fiscal Posted On: 18… Read More »