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Weekly newsletter from Chairman, CBIC dated 17/01/2024

January 17, 2024 894 Views 0 comment Print

Discover the inauguration of the National Academy of Customs, Indirect Taxes, and Narcotics (NACIN) by the Prime Minister, marking a milestone in global cooperation and knowledge exchange.

DGGI is not Superior to State GST: Jharkhand High Court

January 17, 2024 20916 Views 0 comment Print

Explore jurisdiction clash between DGGI and State GST in Vivek Narsaria vs State of Jharkhand case. Detailed analysis, clarifications, and court order provided.

Revised Inclusion Norms for Urban Co-operative Banks in RBI’s Second Schedule

January 17, 2024 2193 Views 0 comment Print

Explore the latest circular from RBI outlining revised norms for inclusion of Urban Co-operative Banks in the Second Schedule. Learn about eligibility criteria and submission process.

Purchased Flat in Minor Daughter’s Name, Deduction U/S 54F Allowed by ITAT

January 16, 2024 1878 Views 0 comment Print

Central issue revolved around assessee’s claim for deduction under Section 54F for investing sale proceeds of shares in a residential flat purchased in the name of his minor daughter.

Appointment of Adjudicating Authority for M/s Ecoclean Machines Pvt. Ltd SVB Case

January 16, 2024 735 Views 0 comment Print

Explore the latest Ministry of Finance notification appointing adjudicating authorities for finalizing provisional assessment in the SVB case of M/s Ecoclean Machines Pvt. Ltd.

AO’s Addition Unsustainable Without Incriminating Material from Relevant Search: Delhi HC

January 16, 2024 2826 Views 0 comment Print

Delhi High Court’s ruling in PCIT (Central) vs. Sanjay Singhal upholds ITAT’s deletion of addition under Section 69A for AY 2015-16, emphasizing need for incriminating material for valid additions.

MVAT Refund to Diplomatic Authorities (Taipei Economic & Cultural Centre (TECC))

January 15, 2024 519 Views 0 comment Print

Stay updated on the recent Maharashtra VAT Act 2002 amendment regarding the inclusion of Taipei Economic and Cultural Centre (TECC) in Mumbai. Details here.

SAED on production of Petroleum Crude reduced to Rs. 1700 per tonne wef 16.01.2024

January 15, 2024 672 Views 0 comment Print

Stay updated on the latest CBIC amendment (Notification No. 03/2024) reducing Special Additional Excise Duty on Petroleum Crude to Rs. 1700 per tonne from Rs. 2300 per tonne.

CBIC notifies export duty of 50% on exports of Molasses (HS 1703)

January 15, 2024 1770 Views 0 comment Print

Discover the latest customs regulations with amendments to Notifications 48/2021 and 49/2021-Customs. Explore the impact on trade policies and stay informed. #CustomsAct #TradeRegulations

CA Final Paper 6: Integrated Business Solutions MCQ Weightage & Duration of Examination

January 14, 2024 8343 Views 0 comment Print

Explore the details of ICAI’s Final Paper 6 on Integrated Business Solutions – open book, case study-based, 4-hour duration, MCQ weightage, and 60% descriptive questions.

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