11 states budgeted revenue deficit in FY24 amid tapering grants: Report
As the 15th Finance Commission grants taper, 11 states budgeted a revenue deficit for FY24, constraining their capital outlay, according […]
GST Recent News
DGFT, Notification And Circular, Notification and Circular
DGFT; Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters
The DGFT issued Trade Notice 33/2023-24 dated November 10, 2023 regarding the pilot Launch of the Upgraded Electronic Bank Realization
GST Law, Important Pronouncements
Reply filed by Assessee be taken into consideration while passing Impugned Order
The Hon’ble Madras High Court in the case of M/s. Chennai Silks v. The Assistant Commissioner, Tirupur [W.P. No. 29095
GST Law, Important News
GSTN issued Important advisory for procedures and provisions related to Amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
The GSTN issued Advisory No. 612 dated November 10, 2023, for the procedures and provisions related to the amnesty for
GST Recent News
GST revenue up due to economic activity, not notices: CBIC Chairman
The rise in Goods and Services Tax (GST) collections in October has been on account of economic activity and not
Important News, Income Tax
Income Tax Department Launches the Demand Facilitation Centre (DFC)
The Income Tax Department launched the Demand Facilitation Centre (DFC) to facilitate the resolution of outstanding tax demand(s). Please note
GST Recent News
GST exemptions disrupt input tax credit chain, will complex GST: CBIC chief
Exemptions or lower rate of taxation sought by industry on some items breaks the input tax credit (ITC) chain, leading
GST Law, Notification And Circular, Notification and Circular
Punjab GST Dept. notified One Time Settlement Scheme for Recovery of Outstanding Dues, 2023
The Government of Punjab, Department of Excise and Taxation, has issued Notification No. G.S.R.85/P.A.8/2005/S.29-A/C.A.74/1956/S.9/P.A.8/2002/S.25/P.A.5/2017/S.174/2023 dated November 9, 2023, notified the
CBIC, Notification And Circular, Notification and Circular
CBIC issued Circular to allow advance assessment of Courier Shipping Bills
The CBIC issued Circular No. 28/2023-Customs dated November 08, 2023 to allow advance assessment of Courier Shipping Bills. Representations have been
CBDT Notification, Notification and Circular, Notification And Circular
CBDT notified the income tax exemption to ‘Press Council of India’ u/s 10(46) of the IT Act
The CBDT vide Notification No. 98/2023 dated November 06, 2023 has notified the income tax exemption to the ‘Press Council