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Archive: February, 2024

Posts in February, 2024

India and Nepal to Deepen Financial Ties with UPI-NPI Linkage

February 15, 2024 969 Views 0 comment Print

RBI and Nepal Rastra Bank ink Terms of Reference to integrate UPI and NPI for cross-border remittances, enhancing financial ties between India and Nepal.

Section 12AB Registration Rejection: ITAT allows filing of Form 10A

February 15, 2024 5946 Views 0 comment Print

ITAT Chennai rules in favor of charities, allowing Form 10A for 12AB registration after initial rejection. Detailed analysis on the verdict inside.

Customs Exchange Rates effective from 16th February, 2024

February 15, 2024 7203 Views 0 comment Print

Stay updated on the latest Indian customs exchange rates for imported and export goods in 2024. Notification details and changes explained.

Tariff Values for Edible Oils, Brass Scrap, Areca Nut, Gold & Silver (16.02.2024)

February 15, 2024 885 Views 0 comment Print

Explore the recent 2024 amendments to the Customs Tariff by the Ministry of Finance, detailing new tariff values for essential commodities.

CBIC Increases Special Additional Excise Duty on Diesel Export to Rs. 1.50/litre

February 15, 2024 1140 Views 0 comment Print

Ministry of Finance notifies an increase in Special Additional Excise Duty on diesel exports from Rs. Nil/litre to Rs. 1.50/litre, effective from February 16, 2024.

SAED on production of Petroleum Crude increased to Rs. 3300 per tonne wef 16.02.2024

February 15, 2024 453 Views 0 comment Print

Explore the latest amendment, Notification No. 06/2024-Central Excise, enhancing Special Additional Excise Duty on petroleum crude production to Rs. 3300 per tonne. Effective from 16th February 2024

Customs Updated Guidelines for Arrest and Incident Reports

February 15, 2024 2664 Views 0 comment Print

Stay compliant with Customs Instruction 02/2024 as the Government of India revises guidelines and formats for Arrest and Incident Reports. Learn about the enhanced risk profiling and database integration for effective smuggling prevention

ITAT: Interest from Co-op Banks Not Same as Co-op Society, Denies 80P(2)(d) Deduction

February 15, 2024 2721 Views 0 comment Print

ITAT Bangalore rules against deduction under section 80P for interest income from Co-operative Banks, impacting Bantwal Public Employees Consumers Society.

Right to Hearing Mandatory for Adverse Orders: Section 75(4) of CGST Act 2017

February 15, 2024 2496 Views 0 comment Print

In a landmark decision, Allahabad High Court sets aside an order for erroneous GST refund recovery against KEC International, emphasizing hearing rights.

Join Live webinar on Taxation Critical Issues & Solution

February 15, 2024 3000 Views 0 comment Print

Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me tell you how: There are over 12 types of taxes in India, yet our tax collections are only 5% compared to the US (Second largest democracy). Due to this, we lack access to free education, […]

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