ICAI Releases Handbook on Voluntary Liquidation Process
In February 2024, the Institute of Chartered Accountants of India (ICAI) introduced a handbook to provide guidance on the voluntary […]

Bihar Introduces ‘One-Time Settlement’ Initiative for Traders
The NDA government in Bihar unveiled a ‘one-time settlement’ initiative on Thursday aimed at providing relief to traders with tax […]

Introduction:
 

In recent months, India has experienced a notable acceleration in its economic growth, propelled by robust tax collections and a burgeoning momentum in manufacturing […]

Strengthening GST Enforcement: A National Conference
Inaugurated by Union Minister for Finance Nirmala Sitharaman, a pivotal event is set to unfold in New Delhi on March 4, 2024. The […]

Introduction:
The Finance Act of 2023 introduced Clause (h) under Section 43B of the Income Tax Act, aimed at addressing the issue of delayed payments encountered by Micro, Small, and Medium […]

Background:
The case originated from a search conducted by the Directorate General of Goods and Service Tax Intelligence (DGGI) at the business premises of M/s. K.M. Food Infrastructure Pvt. […]

Introduction:
In a notable move aimed at easing the financial strain on traders, Chief Minister Pramod Sawant of Goa announced a significant initiative today. The state government has decided […]

Overview of February 2024 GST Revenue:

Total collection: ₹1,68,337 crore
Growth rate: 12.5% increase compared to February 2023
Breakdown: Domestic transactions – 13.9% rise; I […]

Inauguration of Hearings
The Supreme Court’s 9-judge Constitution Bench commenced hearings on February 27, diving deep into the complexities surrounding the taxation of mineral-bearing […]

Petitioner
Eden Real Estates Pvt. Ltd. & Anr

Respondent
The Assistant Commissioner of State Tax, Bhabanipur Charge & Ors.

Comment
Whether the provisions of IBC will supersede  the pr […]

In an important updated the Delhi sales tax bar association demonstrated against the department.The reason behind that was the vague notices and orders by the GST department.
AI generated vague notices
The […]

Introduction:
In a bid to modernize and streamline import duty payments, the Indian government has introduced the Electronic Cash Ledger (ECL) as the designated mode of payment for goods […]

Introduction:
In a landmark endeavor aimed at revolutionizing regional trade efficiency, Union Finance Minister Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at […]

Introduction
Indirect tax experts are seeking clarity on the levy of Goods and Services Tax (GST) on corporate guarantees provided by Indian companies on behalf of their subsidiaries. A […]

Promising Start to Q4
India’s economy kicked off the fourth quarter on a positive note, as indicated by the National Council of Applied Economic Research (NCAER) in its latest economic r […]

GST Rules Update:

Effective March 1, businesses with a turnover exceeding ₹5 crore will face new GST rules. They must now include e-invoice details for all B2B transactions to generate e […]

Introduction
The Indian Auto LPG Coalition (IAC) has urged the national government to reduce the Goods and Services Tax (GST) on Auto LPG from 18% to 5%, aligning with recent adjustments in […]

Cracking the Case: Unveiling the Intricate GST Scam
The relentless pursuit of the Jamshedpur GST Intelligence team has led to a significant breakthrough in the arrest of Shiv Kumar Deora in […]

Dismantling the ‘Mutuality’ Argument: DGGI’s Case Against IMA
The Directorate General of GST Intelligence (DGGI) has presented additional evidence before the Kerala High Court, challenging the […]