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Archive: 01 November 2024

Posts in 01 November 2024

DGFT notifies Revised Wastage Limits and Input Norms for Jewelry Exports

November 1, 2024 585 Views 0 comment Print

The DGFT updates wastage norms and SION for jewelry exports, effective January 1, 2025, revising guidelines for gold, silver, and platinum articles.

Extension of Abeyance on Public Notice No. 05/2024 until 31.12.2024

November 1, 2024 321 Views 0 comment Print

DGFT extends the abeyance of Public Notice No. 05/2024 until December 31, 2024, restoring previous wastage norms for gold and silver exports.

Customs Guidelines on Investigating Tax Evasion Cases

November 1, 2024 612 Views 0 comment Print

CBIC issues guidelines for Customs investigations into tax evasion, focusing on balancing compliance and ease of doing business.

Gross and Net GST revenue collections for the month of Oct, 2024

November 1, 2024 510 Views 0 comment Print

October 2024 GST revenue report shows 8.9% growth in gross collections, led by increased domestic revenue. View detailed gross and net GST figures for October.

Madras HC Orders End to Prisoners Forced Labor in Residences of Prison Authorities

November 1, 2024 564 Views 0 comment Print

Madras High Court directs prison authorities to stop engaging prisoners in household work at staff residences, ensuring their rights are upheld.

Why Understanding the Economic Calendar is Essential for Forex Traders

November 1, 2024 474 Views 0 comment Print

Forex traders are always exposed to high stakes, with the prices changing in response to the various global events, economic indicators, and policy changes that might affect currency pairs differently.

Composite Supply and Mixed Supply under GST Explained

November 1, 2024 5007 Views 1 comment Print

Understand composite and mixed supply under GST, their definitions, examples, and tax treatment. Learn how GST law classifies these to simplify tax rates.

CIT(A) Accepts Additional Evidence on LTCG in violation of Rule 46A: ITAT Remands to AO

November 1, 2024 1275 Views 0 comment Print

ITAT Mumbai rules on the appeal of ACIT against Sangeeta Ganpat Sawant regarding undisclosed income and indexed cost of improvement.

Dual proceedings under GST for same issue are barred by law: Karnataka HC

November 1, 2024 3588 Views 0 comment Print

Karnataka High Court quashed a show cause notice against Huida Sanitaryware, ruling dual proceedings under GST for the same issue are barred by law.

Attempts to exploit insolvency framework to evade legitimate claims: NCLAT imposes Cost

November 1, 2024 342 Views 0 comment Print

Neon Laboratories Ltd Vs Mayank Shah & Anr. (NCLAT Delhi) In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) in Delhi dismissed the insolvency petition filed by Neon Laboratories Ltd., marking a significant development in the case involving the operational creditor and Mayank Shah. The decision came as a result of an appeal […]

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