Weekly GST Communique dated June 19, 2023
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field […]
Newsletter
CBIC, Notification and Circular, Notification And Circular
CBIC notifies Courier Imports and Exports (Electronic Declaration and Processing) (Second Amendment) Regulations, 2023
The CBIC vide Notification No. 43/2023-Customs (N.T.) dated June 15, 2023 notified the Courier Imports and Exports (Electronic Declaration and
Income Tax, Press Release, Press Release
Direct Tax Collections for FY 2023-24 Reach Rs. 3,79,760 Crore, Showing 11.18% YoY Growth as of June 17, 2023
The figures of Direct Tax collections for the Financial Year 2023-24, as on June 17, 2023 show that net collections are at Rs. 3,79,760
Press Release, Press Release
DGGI Gurugram officials bust ITC racket involving 461 shell entities with fraudulently claiming Rs 863 crore, 2 held
Recently, the Gurugram Zonal Unit of the Directorate General of GST Intelligence have unearthed a major fraudulent Input tax Credit
GST Recent News
Council to refer GST rate cut for cement to GoM
The Goods and Services Tax Council will likely refer the issue of the reduction of GST rate on cement from
CESTAT, Important Pronouncements
Rent received by Individuals owning Property jointly cannot be clubbed to impose service tax
The CESTAT, Chennai in M. Vijayabharathi v. Commissioner of GST & Central Excise [Service Tax Appeal No. 42320 of 2014
Advance Ruling-New
Assessee is entitled to claim ITC on vehicle modified and supplied as an ambulance
The AAR, Telangana in M/s. Raminfo Limited [TSAAR Order No.02/2023 dated April 03, 2023] ruled that assessee can claim Input
GST Recent News
GST Council may review CBIC’s plan for additional validations in return filing to curb evasion
A senior official has stated that the Goods and Services Tax (GST) Council in its meeting in July is expected
Important News, Income Tax
Income Tax Dept. enabled DCB Bank for e-Pay Tax service with Over the Counter and Net Banking options
The Income Tax Department has issued an Update dated June 16, 2023 for enabling the DCB Bank for e-Pay Tax
GST Recent News
GST assesses with turnover between ₹5-10 crore must prepare for e-invoice system transition
GST assesses, with a turnover of ₹5 crore or more but less than ₹ 10 crore will now be able