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Archive: 02 March 2024

Posts in 02 March 2024

Ministry of Finance: ₹1.68 Trillion GST Collection Surpasses Expectations

March 2, 2024 4485 Views 0 comment Print

February 2024 witnesses robust growth in GST revenue, with ₹1.68 trillion collected, marking a 12.5% increase YoY. Explore detailed analysis and state-wise breakdown.

ICAI Extends Last Date for Empanelment as CA Examination Observers

March 2, 2024 738 Views 0 comment Print

Important announcement from the Institute of Chartered Accountants of India: Extension of last date for online empanelment of observers for May/June 2024 exams until 15th March 2024.

Practical Training for Company Secretary Students with Rashtriya Ispat Nigam – Stipend of ₹20,000 PM

March 2, 2024 324 Views 0 comment Print

Explore Rashtriya Ispat Nigam Limiteds training opportunity for aspiring Company Secretaries. Learn about eligibility, stipend, and the application process.

ICAI President’s Vision: Charting a Course for Future Growth

March 2, 2024 429 Views 0 comment Print

Dive into the March 2024 message by CA. Ranjeet Kumar Agarwal, the 72nd President of ICAI. Explore insights on technology, gender equality, and the roadmap for a $30 trillion economy.

Roasted Areca Nuts Classification: CAAR Delhi Ruling

March 2, 2024 1680 Views 0 comment Print

Explore the CAAR Delhi’s ruling on the classification of Roasted Areca Nuts under Customs Tariff, including whole, split, and cut types. A detailed analysis.

GST Refund allowed for inverted duty structure despite same inward & outward supplies

March 2, 2024 3588 Views 0 comment Print

Explore the Kerala High Courts landmark decision in M/s. Malabar Fuel Corporation case, affirming the right to claim refunds under Inverted Duty Structure even with identical inward and outward supplies.

Writ Petition can be filed for interim protection when Appellate Tribunal is not constituted

March 2, 2024 798 Views 0 comment Print

Explore the G.L. Kundu & Sons Steel (P) Ltd. vs Deputy Commissioner State Taxes case. Learn how Calcutta HC permits writ petition for interim protection in the absence of Appellate Tribunal.

GST Composition Scheme: Eligibility, Switching and Compliance

March 2, 2024 4803 Views 2 comments Print

Explore the Composition Scheme under GST: A simplified tax regime for small manufacturers, traders, and retailers offering the benefit of lower tax rates.

Section 16(4): Will Delayed filing of return cost availability of ITC to Defaulters?

March 2, 2024 8004 Views 0 comment Print

Explore the critical implications of Section 16(4) of the CGST Act, 2017 on taxpayers’ Input Tax Credit (ITC) eligibility and the consequences of delayed return filings.

7 Crucial Financial Steps Before End of Financial Year 2024: Tax Planning Guide

March 2, 2024 10557 Views 0 comment Print

Discover 7 essential actions to take before March 31, 2024, to optimize tax savings and ensure financial compliance. From advance tax payments to strategic investments, this guide outlines key steps for individuals and businesses.

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