Table of Contents Bihar Introduces ‘One-Time Settlement’ Initiative for TradersIntroduction of Bihar Tax Disputes Settlement Bill, 2024Provisions of the Settlement SchemeConditions for Availing the SchemeExemption for Petrol Pump OwnersLegislative Amendments and Budget SessionConclusion Bihar Introduces ‘One-Time Settlement’ Initiative for Traders The NDA government in Bihar
Table of Contents Introduction:Impressive GST Revenue Collection in FebruaryStrong Manufacturing Activity Fuels GrowthMonthly Average GST Revenue on the RiseContinued Growth MomentumImpressive Annual Growth in GST RevenueKey Driver of India’s Economic SurgeConclusion: Introduction: In recent months, India has experienced a notable acceleration in its economic
Table of Contents Strengthening GST Enforcement: A National ConferenceCombatting GST Evasion: Challenges and StrategiesTackling Fake Invoicing: Collaborative StrategiesSharing Best Practices: Knowledge ExchangeFostering Synergy: Collaboration for Unified ApproachLeveraging Technology and Data: Enhancing EfficiencyBalancing Ease of Doing Business: Effective Enforcement MeasuresEmbracing Cooperative Federalism: Strengthening GST AdministrationConclusion Strengthening
Table of Contents Introduction:Government’s Reconsideration of Clause (h):Conclusion: 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 Enterprises (MSMEs) from their buyers. This
Table of Contents Background:Legal Issue:Court’s Analysis and Verdict:Precedent and References:Conclusion: 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. Ltd. and M/s. Apparent Marketing Pvt.
Table of Contents Introduction:The Objective of the Scheme:Scheme Details and Benefits:Encouragement to Traders:Conclusion: 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 to waive off
Table of Contents Overview of February 2024 GST Revenue:Strong Performance in FY 2023-24:Breakdown of February 2024 Collections:Inter-Governmental Settlement: 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; Import of goods
Table of Contents Inauguration of HearingsFocus on Royalty CharacterizationBench Composition and PetitionsBackground and EscalationSenior Advocate’s InquiriesAmbiguity in Judicial PrecedentConstitutional Provisions ExplorationCase Under DiscussionMineral Area Development v. M/S Steel Authority Of India & Ors (CA N0. 4056/1999) Inauguration of Hearings The Supreme Court’s 9-judge Constitution Bench
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 provisions of GST. In case the supplier couldn’t pay the tax due to insolvency whether
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. Table of Contents AI generated vague noticesPassing orders without considering repliesCPC for registrationsRetrospectively cancellation of registrations-Time bound settlement
