A court may grant a conditional second chance to contest an ex-parte order. Issue What is the legal remedy for a taxpayer against whom an ex-parte order has been passed due to their failure to respond to a show-cause notice, and who now seeks another opportunity to be heard on the merits of the case?… Read More »
Three Fake Customs Officers Nabbed at Mumbai Airport The article reports a security breach and a case of attempted fraud after law enforcement agencies arrested three individuals at Mumbai Airport who were allegedly posing as customs officials. Key Details of the Incident Incident: The arrests followed an incident where three people were caught attempting to… Read More »
Andhra Minister Urges Support for PM Modi’s GST Meeting Success Andhra Pradesh Minister Lokesh has called upon stakeholders, including other states and industry representatives, to collaborate and ensure the success of Prime Minister Narendra Modi’s meeting on Goods and Services Tax (GST). Minister’s Call for Action Focus on Resolution: The Minister’s statement emphasized the need… Read More »
AIMED Hails Government’s Move for Faster GST Refunds to Boost Indian Manufacturing The All India Manufacturer’s Organization for Economic Development (AIMED) has praised the Central Government’s initiative to fast-track Goods and Services Tax (GST) refunds, viewing it as a critical move to boost the Indian manufacturing sector. Core Benefits for Manufacturers Improved Working Capital: The… Read More »
Benefits of GST Rate Reduction to the Common Public The article reports that the common people of India have benefited significantly from the government’s recent rate rationalization under the Goods and Services Tax (GST) regime, which was primarily achieved through cuts on various goods and services. Key Ways People Have Benefited Increased Affordability: The reduction… Read More »
GST Cut Makes Agricultural Tools Cheaper, Boosts Farm Sector The article reports that the government’s reduction in the Goods and Services Tax (GST) rates on various agricultural tools and equipment has directly led to a drop in their market prices, providing significant relief to farmers. Key Benefits of the GST Reduction Increased Affordability: The GST… Read More »
India-EFTA Trade Pact: Boosting $100 Billion Investment and 1 Million Jobs The article highlights the transformative potential of the recently concluded India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), which is expected to unlock massive foreign investment and job creation in India. Key Economic Commitments and Impact Investment Target: The EFTA nations… Read More »
Ministry Discontinues GST Concession Certificates for Orthopaedically Disabled Persons on Vehicle Purchases The Ministry of Heavy Industries has issued a notification officially discontinuing the issuance of GST concession certificates previously granted to orthopaedically disabled persons for the purchase of vehicles. Key Impact of the Decision End of Concession: The discontinuation means that orthopaedically disabled persons… Read More »
ICAI Releases Comprehensive Handbook for Chartered Accountant Certificates The Institute of Chartered Accountants of India (ICAI) has released a new and updated Handbook on Certificates to be Issued by Chartered Accountants (CAs), providing comprehensive guidelines for professionals. Key Features of the Handbook Standardized Checklists and Formats: The handbook includes detailed checklists, templates, and suggested formats… Read More »
Cyber Fraud: Ahmedabad Firm Swindled of ₹60 Lakh Using Fake Income Tax Email An Ahmedabad-based firm was defrauded of approximately ₹60 lakh by cybercriminals who utilized a sophisticated phishing scam involving a fake email impersonating the Income Tax Department. Key Details of the Fraud Modus Operandi: The fraudsters sent a convincing email that appeared to… Read More »