RBI Governor reviews the flexible inflation targeting framework, maintaining the repo rate at 6.50% while focusing on growth and inflation alignment.
Rajasthan High Court dismisses CIT appeal against Satish Kumar Agarwal. Appeal non-maintainable due to CBDT Circular 9 of 2024. Tax dispute involved Section 54B & 50C.
RBI extends Interest Equalization Scheme for pre and post-shipment rupee export credit for MSMEs until December 31, 2024, with new limits.
The Madras High Court clarifies that a single Show Cause Notice cannot cover multiple assessment years, ensuring separate SCNs for each year for tax assessments.
Fortified Rice Kernels attract an 18% GST as per AAAR ruling in Chhattisgarh, classifying them under Chapter 19 of the Customs Tariff Act.
Patna High Court invalidates penalty order on goods detention for exceeding 7 days post-notice, emphasizing compliance with CGST Act procedures.
SEBI invites comments on the draft circular for a revised Data Sharing Policy, aiming to improve data access while addressing privacy and authenticity issues.
जम्मू-कश्मीर उच्च न्यायालय ने जीएसटी रिफंड की समय सीमा को मूल आवेदन की तारीख से निर्धारित किया, अनुवर्ती आवेदन से नहीं, करदाता के अधिकारों की पुष्टि।
Allahabad HC quashed HCL Infotech Ltd’s Show Cause Notice under CGST Act for lacking jurisdiction and necessary allegations.
SEBI approved key amendments for listed entities, simplifying reporting processes and enhancing accuracy in disclosures during its board meeting on September 30, 2024.
