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Archive: 13 November 2024

Posts in 13 November 2024

HC Directs State GST to Reconsider Order on ITC Rejection & stays Coercive Action

November 13, 2024 621 Views 0 comment Print

Gauhati High Court directs authorities to consider input tax credit in GST case, with a provision under the Finance Act, 2024, and bars coercive actions.

Candidates List for ICAI Elections 2024

November 13, 2024 7218 Views 0 comment Print

Check the list of candidates for the ICAI Council and Regional Council elections to be held in December 2024, available for general member information.

ICAI Election 2024 – Single Transferable Vote – An Appraisal

November 13, 2024 4995 Views 0 comment Print

The ICAI 2024 elections will follow the Single Transferable Vote system. Learn how it works and where to vote.

Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef 14.11.2024

November 13, 2024 768 Views 0 comment Print

CBIC updates customs tariff values for imports including palm oil, gold, and silver, effective November 14, 2024. No changes in tariff values noted.

ICAI Inaugurates Florida & Zurich Chapter Marking 52nd Overseas Milestone

November 13, 2024 423 Views 0 comment Print

ICAI expands its global presence by inaugurating new chapters in Florida, USA, and Zurich, Switzerland, marking its 52nd overseas chapter worldwide.

Draft Amendments to CCI Penalty Recovery Regulations

November 13, 2024 729 Views 0 comment Print

CCI seeks stakeholder comments on proposed amendments to the 2011 Penalty Recovery Regulations, aiming to streamline penalty recovery processes.

No Customs Duty exemption on ELISA Kits used only for Food Testing

November 13, 2024 1101 Views 0 comment Print

Goods imported under the 2 BEs were seized and were later provisionally released on execution of bond with bank guarantee. Statement of Managing Director (MD) of assessee was recorded on 17.09.2020.

Order disregarding direction of the court cannot be sustained: Madras HC

November 13, 2024 1350 Views 0 comment Print

Held that the direction of this Court has not been complied. Any order contrary / disregarding the direction of this Court cannot be sustained as it renders the order bad for want of jurisdiction.

Addition confirmed by CIT(A) by passing ex-parte order needs fresh consideration: ITAT Visakhapatnam

November 13, 2024 711 Views 0 comment Print

ITAT Visakhapatnam remitted the matter since addition confirmed by CIT(A) by passing ex-parte order as assessee didn’t appeared nor complied to the notices. Accordingly, matter remitted back for fresh consideration.

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