Introduction: In a significant operation against the illegal import of foreign-origin cigarettes and other contrabands, the Customs Commissionerate in Indore, under the Bhopal Zone, executed the destruction of a substantial quantity of smuggled goods. This operation targeted the unlawful trafficking of cigarettes and related products,
Introduction: The Hon’ble Madras High Court, in the case of M/s. Great Heights Developers LLP v. Additional Commissioner Office of the Commissioner of CGST & Central Excise, Chennai, allowed an appeal before the Appellate Authority, emphasizing the validity of medical reasons for delay in filing
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
Introduction: A recent scam has come to light in Uttar Pradesh, where fraudsters have been using hand pumps to claim fake refunds under the Inverted Duty Structure (IDS) mechanism of the Goods and Services Tax (GST). Understanding the Inverted Duty Structure (IDS): The IDS allows
Introduction: In the case of Kantilal Bhaguji Mohite v. Commissioner, Central Excise and Service Tax-Pune III [Special Leave to Appeal (C) No. (s). 11203/2019 dated February 14, 2024], the Hon’ble Supreme Court dismissed the Special Leave Petition (SLP) filed by the petitioner against the judgment
Introduction: Advisory No. 625 was released by the Goods and Services Tax Network (GSTN) on February 28, 2024, aiming to address instances of delayed registration despite successful Aadhaar authentication among specific taxpayers. Rule 9 of CGST Rules, 2017: The advisory highlights Rule 9 of the
Introduction: Telangana Chief Minister Revanth Reddy recently chaired a crucial review meeting to address the state’s revenue shortfall and discuss the regularisation of unapproved layouts. The meeting shed light on pending dues from the Union government and the government’s decision to regularise unauthorised layouts to
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
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 them with fictitious promises of substantial investment returns, leading to a combined loss of Rs 2.48
