India’s Foreign Trade for the month of March, 2023
India’s overall exports (Merchandise and Services combined) in March 2023* is estimated to be USD 66.14 Billion, exhibiting a negative […]
Press Release, Press Release
CESTAT, News
Breast Pump is not a Medical Device, classifiable under CTH 39269090: CESTAT
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that breast pumps have nothing to do
GST Recent News
Denied GST Refund For ‘unjust Enrichment’, IIMA moves High Court
Denied refund of Rs 2.24 crore in service tax by the state GST department on the ground of ‘unjust enrichment’,
Important News, Income Tax
Income Tax Dept. enabled the ‘Download Statement’ option for Form 26QB Payment
The Income Tax Department has enabled the ‘Download Statement’ option for Form 26QB Payment on the income tax e-filing portal.
GST Recent News
Supply of pre-packaged and Labelled Rice upto 25 Kgs, to the factory of exporter attracts 5% GST: Haryana AAR
The Haryana Authority of Advance Ruling (AAR) has held that 5% GST is applicable on supplies of prepackaged and labeled rice up
Central Excise - 2023, News
Central Excise Act- No separate notice necessary for recovery of erroneous Refund granted: Supreme Court
The Supreme Court has held that no separate notice under Section 11A of the Central Excise Act is necessary for the
Central Excise - 2023, News
Central Excise Act – To Be “Related Person”, Buyer & Seller must have Direct or Indirect interest in each other’s business: Supreme Court
The Supreme Court while ascertaining who is the “Related Party” under the Central Excise Act for the purpose of valuation
Important News
Corrigendum issued by Government of India w.r.t. Finance Act, 2023
The Government of India has issued a Corrigendum dated April 12, 2023 with respect to the Finance Act, 2023 (No.
GST Recent News
Attachment of Bank Accounts is a draconian Step, attachment is subject to the condition mentioned u/s 83 of CGST Act: Delhi HC
The Delhi High Court has held that attachment of bank accounts is a draconian step and the action can only be taken
GST Recent News
Refund claim embedded in Return, No need to file fresh claim: Delhi HC directs Dept. to Pay 6% Interest
The Delhi High Court has held that since the claim for a refund made by the assessee was embedded in its return