Table of Contents Section 35 of the CGST Act as amended by the Finance Act 2023Text On Section:Chart of the section : Section 35 of the CGST Act as amended by the Finance Act 2023 Note: Section 35 of the CGST Act is amended
Table of Contents Introduction:Pending Dues from Union Government:Layout Regularisation Scheme:Key Features of Layout Regularisation:Efforts to Bridge Revenue Gap:Addressing Illegal Sand Transportation:Enforcement Measures and Accountability:Conclusion: Introduction: Telangana Chief Minister Revanth Reddy recently chaired a crucial review meeting to address the state’s revenue shortfall and discuss the
Introduction: The coal sector plays a pivotal role in India’s economy, contributing significantly to both the Centre and state governments’ revenue through various channels such as GST, royalties, and other levies. The government’s recent statement emphasizes the substantial financial contribution of the coal industry, highlighting
Introduction: The Reserve Bank of India (RBI) has recently introduced the Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024, aiming to enhance regulatory clarity and simplify compliance procedures for supervised entities. This directive, announced alongside the Statement on Developmental
Table of Contents Introduction:Background:Victims’ Accounts:Investigation and Legal Action:Victims’ Testimonies:Rathi’s Deceptive Tactics:Legal Proceedings and Hope for Justice:Conclusion: Introduction: In a recent development, Hyderabad law enforcement has apprehended Srinath Rathi, a 29-year-old proprietor of a YouTube educational channel, on accusations of deceiving chartered accountants. Rathi purportedly tempted
Table of Contents Introduction:Background:Classification Disparity:Departmental Proceedings:Pricol’s Defense:Show Cause Notice:Legal Perspective:Previous Experience:Delayed Disclosure:Conclusion: Introduction: In recent developments, Pricol, a prominent manufacturer of instrument clusters, finds itself embroiled in a tax dispute following a showcause notice from the Directorate General of GST Intelligence, Gurugram Zonal Unit. This
Table of Contents Introduction:Background of the Case:Contentions Raised:Analysis of the Court:Court’s Decision and Directives:Conclusion: Introduction: The recent judgments in Writ Petitions (WP) Nos. 1251, 1255, and 1258 of 2024 by the High Court of Judicature at Madras shed light on the challenges faced by taxpayers
In the realm of international trade, the Directorate General of Foreign Trade (DGFT) has introduced a transformative change with the launch of the revamped Electronic Bank Realisation Certificate (eBRC) system. This groundbreaking initiative is set to redefine the landscape of export documentation, offering a streamlined
At present, the taxpayers of the country are not only troubled but also unhappy and feeling offended by the continuous and large number of notices related to various issues related to both GST and Income Tax taxes. Tax assessment and scrutiny of returns in GST
Table of Contents Introduction:Background:Application for Advance Ruling:Issue:Ruling:Legal Interpretation:Exemption Criteria:Conclusion: Introduction: In a recent ruling, the Telangana Authority for Advance Ruling (AAR) tackled a significant issue concerning the taxation of rental income from government welfare hostels. This ruling has implications for the eligibility of tax exemption
