100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73
The Hon’ble Madras High Court in the case of K.S. Janarthanam v. Deputy State Tax Officer [W.P. No. 1848 of […]
GST Law, Important Pronouncements
GST Recent News
Delhi L-G writes to CM on alleged GST, advises detailed probe
Lieutenant-Governor Vinai Kumar Saxena on Monday “advised” Chief Minister Arvind Kejriwal to ask Delhi Finance Minister Atishi to initiate a
GST Law, Important Pronouncements
Department to serve Notice through other modes of communication if Assessee fails to respond to communication sent through E-mail
The Hon’ble Madras High Court in the case of Sakthi Steel Trading v. Assistant Commissioner [W.P. No. 4122 of 2022
GST Recent News
Foreign shipping lines under DGGI scanner
In what could be a revenue bumper for the GST collections, the Directorate General of GST Intelligence (DGGI) has issued
Income Tax, News
Personal income tax collection set to exceed corporate income tax for second year in a row
Personal Income Tax (PIT) collection is set to exceed Corporate Income Tax (CIT) for the second successive year in a
export import, News
Fin Min says ‘urgent’ need to boost competitiveness, attractiveness of India’s exports amid global uncertainty
The finance ministry has said it is crucial that India’s exports are made more attractive amid continued uncertainty in global
GST Law, Important Pronouncements
Assessee must respond to SCN for the case to be adjudicated on merits
The Hon’ble Allahabad High Court in the case of Mgs Palace v. State of Uttar Pradesh [Writ Tax No. 1390
MCA, Notification And Circular, Notification and Circular
Govt notifies Section 33 of Competition (Amendment) Act, 2023 regarding Power to Impose Lesser Penalty, effective February 20, 2024
The MCA vide Notification No. S.O. 740 (E) dated February 19, 2024, notified that section 33 of the Competition (Amendment)
GST Law, Important Pronouncements
Recipient cannot be held liable for circulating bogus invoices by the Supplier
The Hon’ble Calcutta High Court in the case of Fairdeal Metals Ltd. v. Assistant Commissioner of Revenue, State Tax, Bureau
News, SEZ, SEZ
SEZs to get more tax relief under RoDTEP cover
The government has decided to extend the benefits under tax remission scheme RoDTEP to export-oriented units and manufacturers in the