Now GST payments can be made through 21 banks; GSTN added newly City Union Bank
The Goods and Services Tax Network (“GSTN”) has added a new City Union Bank, bringing the total number of banks […]
Important News
Important Pronouncements
Writ petition during Notice stage would frustrate tax administration
The Hon’ble Orissa High Court, (“the High Court”) in Sri Muna Pani v. State of Odisha (W.P.(C) No. 20996 of
News
Rationalisation in long-term capital gains tax structure on the anvil
The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and
Important News
48th GST Council Meeting will be held on December 17, 2022
A recent tweet by the GST Council, Official Twitter Handle stated that the 48th Meeting of the GST Council will
Important News
ICAI issued a revised disclosures checklist for Indian Accounting Standards (Ind AS)
The Institute of Chartered Accountants of India (“ICAI”) has issued a revised disclosures checklist for Indian Accounting Standards (Ind AS)
GST Recent News
With things in a flux, time not right for GST rate rationalisation: Tarun Bajaj
After over three decades in the Indian Administrative Service, Revenue Secretary Tarun Bajaj will superannuate on November 30. The outgoing
Important Pronouncements
No Power Lies at the Behest of CBEC to Modify the Scope of Exemption Notification issued by the Central Government
The CESTAT, New Delhi Bench, in the case of M/s Lakshya Education Solutions Pvt. Ltd. v. The Commissioner (Appeals), Customs,
Notification And Circular, Notification and Circular
Kerala GST Dept. issued instructions on mandatory furnishing of correct and proper information of ineligible/blocked ITC and reversal thereof in FORM GSTR-3B
The Kerala GST Department vide Trade Circular No.1/2022 dated November 21, 2022 has issued instructions on mandatory furnishing of correct
News
Steel exports not eligible for duty refunds: Ministry of finance
The finance ministry has turned down the commerce ministry’s proposal to extend an export duty refund scheme to the steel,
Notification And Circular, Notification and Circular
Govt. to empower the CCI to handle anti-profiteering cases u/s 171(2) of the CGST Act w.e.f. Dec 01, 2022
The CBIC vide Notification No. 23/2022-Central Tax and Notification No. 24/2022- Central Tax both dated November 23, 2022 has empowered