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CBIC notifies 5% IGST on Aircraft Parts & IGST Exemption for RAMA Research Equipment

July 13, 2024 429 Views 0 comment Print

Explore the latest changes under Notification No. 28/2024-Customs issued by the Ministry of Finance, impacting customs duties and exemptions. Detailed analysis, effective dates, and implications.

Compensation Cess exempted on SEZ Imports for authorised operations

July 13, 2024 201 Views 0 comment Print

Read Notification No. 27/2024-Customs dated 12th July, 2024, exempting SEZ imports from CGST compensation cess under Customs Tariff Act. Effective from 15th July, 2024.

Notice on Waiver of Late Fees for Non-transmission of EPCG and DEEC Licences

July 13, 2024 213 Views 0 comment Print

Read about the waiver of late fees due to non-transmission of EPCG and DEEC licences from DGFT to ICEGATE system by the Department of Revenue, Ministry of Finance, Government of India.

Reconstituted membership of Group of Ministers (GoM) on GST System Reforms

July 13, 2024 159 Views 0 comment Print

Explore the latest reconstitution of the Goods and Services Tax Council’s Group of Ministers in 2024. Stay informed on GST System Reforms and their impact.

CBI Arrests Superintendent for Accepting Rs. 15,000 Bribe in GST Refund Case

July 13, 2024 513 Views 1 comment Print

CBI arrests Superintendent of Central GST & Central Excise in Berhampur for accepting Rs. 15,000 bribe from complainant regarding GST refunds. Details of arrest and ongoing investigation.

Circular No. 227/21/2024-GST: New Procedure for CSD Refund

July 11, 2024 720 Views 0 comment Print

Learn about Circular No. 227/21/2024-GST outlining electronic filing procedures for Canteen Stores Department (CSD) refund applications under GST. Details on eligibility, filing requirements, and processing steps provided.

IBBI Imposes ₹2 Lakh Penalty on IP for Lack of Cooperation with Investigation Agencies

July 11, 2024 30 Views 0 comment Print

Read the detailed analysis of IBBI’s Disciplinary Committee order against Narender Kumar Sharma, an Insolvency Professional, regarding alleged violations during CIRP.

ITGOA Letter to CBDT Chairman on issuance of notices u/s 143(2)

July 10, 2024 7356 Views 0 comment Print

Read how Income Tax Gazetted Officers’ Association addresses last-minute case reallocations affecting timely issuance of notices. Insights into systemic challenges and proposed solutions.

RBI Circular: Updated Guidelines for Remittances to IFSCs under LRS 2024

July 10, 2024 423 Views 0 comment Print

Read about RBI’s latest circular on Liberalised Remittance Scheme (LRS) allowing expanded remittances to IFSCs, implications, and updates. Learn more.

SCOMET Policy on Irregular Aluminium Powder: Clarifications & Implications

July 10, 2024 132 Views 0 comment Print

Understand the applicability of SCOMET policy on irregular Aluminium Powder as clarified by DGFT. Learn about categories, requirements, and customs procedures.

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