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Archive: July, 2023

Posts in July, 2023

Madras HC Orders Provisional Release of Seized Car and Cash

July 28, 2023 1191 Views 0 comment Print

The Madras High Court orders the provisional release of a seized car and cash in the case of Eburamusa Sherif vs. Principal Commissioner of Customs. The court sets certain conditions for the release.

Maharashtra Goods and Services Tax (Amendment) Act, 2023

July 28, 2023 2379 Views 0 comment Print

Read about the Maharashtra Goods and Services Tax (Amendment) Act 2023, its key changes to the GST Act, and its implications for taxpayers in Maharashtra. Stay updated with the latest tax amendments.

Weekly newsletter from Chairman, CBIC dated 28/07/2023

July 28, 2023 858 Views 0 comment Print

Decision-makers therefore cannot simply wish away the uncertainty of outcomes from the choices they make. They have to develop strategies that specifically address the challenges. This would involve multiple interacting variables; thinking that would cover a full spectrum of different experiences and scales and predict the future with varying levels of certainty.

Amendment in Export policy of De-Oiled Rice Bran

July 28, 2023 999 Views 0 comment Print

Govt amends De-Oiled Rice Bran export policy from ‘Free’ to ‘Prohibited’ until 30th November 2023. Read Notification No. 21/2023 DGFT details here.

Mechanical & ritualistic approval: Reassessment for Accommodation Entry quashed

July 28, 2023 1284 Views 0 comment Print

ITAT Delhi quashes reassessment proceedings for AY 2009-10 in the case of Agroha Fincap Ltd. The approval u/s 151 of the Income Tax Act was found to be defective and without due application of mind.

Tax Provisions for NRI – Combined Study of Section 115C, 115D,115E, 115F & 115H

July 28, 2023 29208 Views 1 comment Print

Explore special tax provisions applicable to Non-Resident Indians (NRIs) under Chapter XII-A of the Income Tax Act, including tax rates, exemptions, and options after becoming a resident.

Container Scanning Procedure: Customs Seal for Suspicious Containers

July 28, 2023 3171 Views 0 comment Print

JNCH announces a new procedure to prevent pilferage from suspicious containers. Starting 01.08.2023, CSD officers will seal containers with customs seals after scanning

Government Proposes Online Audit Mechanism for Streamlining GST Process

July 28, 2023 1812 Views 0 comment Print

In response to concerns over anti-competitive practices by major tech companies, the Union government has decided to introduce an online audit mechanism under the Goods and Services Tax (GST) system.

Advent of Foreign Portfolio Investment on Indian Economy

July 28, 2023 1716 Views 0 comment Print

Explore impact of Foreign Portfolio Investment (FPI) on Indian economy, including benefits and risks, as well as need for regulatory reforms to manage FPI effectively.

Conditions for issuing Credit Note and Reversal of ITC

July 28, 2023 49644 Views 1 comment Print

Learn about credit note issuance, conditions for issuing credit notes, time limits, and the importance of ITC reversal in GST transactions.

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