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-way bills for inter-state goods transportation valued over ₹50,000. This change aims to streamline tax
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 the natural gas sector. This call for action comes in response to Andhra
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 Kolkata. This arrest sheds light on a complex GST scam potentially worth over Rs
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 charitable status of the Indian Medical Association (IMA). This evidence suggests that the IMA, primarily an association of allopathy
Overcoming Regulatory Challenges: OTAs in the Bus Ticketing Industry Online travel agencies (OTAs) are currently spearheading the expansion of the bus ticketing segment, which has emerged as a focal point for growth. Nevertheless, recent policy shifts have presented obstacles, prompting a demand for equitable regulatory
DGFT Notification Allows Merchanting Trade within Single Foreign Country The Directorate General of Foreign Trade (DGFT) has issued a significant amendment to the Foreign Trade Policy, 2023, through Notification No. 62/2023 dated February 29, 2024. This amendment marks a notable shift by permitting merchanting trade
Comment- Every exporter using Paypal should be aware of this judgment. VEry important as in many cases the refund of tax on export was denied if the payment is received in rupees. In the case of an amount received via Paypal, it is received into
Comment- A search was conducted at the premises of the taxpayer. Lateron the same officer issues the notice. The SC decision in case of Ashok Kumar Yadav and others v. State of Haryana and others, (1985) 4 SCC 417. It was upheld that no one
Comment- This is one of the controversial judgments in GST. As we all know that many of us are deprived of our valid input tax credit because it was not claimed in GTSR 3b. This is the normal understanding that it should be claimed in
Introduction: The Hon’ble Madras High Court recently ruled in the case of India Cement Limited v. Commissioner of Customs regarding the eligibility of CENVAT credit for electricity supplied to sister units. This landmark decision addresses the interpretation of relevant provisions under the Central Excise Act
