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Pre-Deposit for Appeal under Section 107(6)(b) of CGST/BGST Act: ECRL vs ECL

January 1, 2024 4737 Views 0 comment Print

Explore the legal intricacies of pre-deposit for appeal under Section 107(6)(b) of the CGST/BGST Act in Flipkart vs. State of Bihar. Learn about ECL vs. ECRL utilization.

12% Y-o-Y Growth, ₹14.97 Lakh Crore GST Collection in April-Dec 2023

January 1, 2024 564 Views 0 comment Print

Discover the robust 12% Y-o-Y growth in gross GST collection by the Ministry of Finance, totaling ₹14.97 Lakh Crore during April-December 2023. Insights on state-wise revenues and settlements.

Interest on delayed TDS payment is not an allowable business deduction

December 31, 2023 3801 Views 0 comment Print

Explore the Expat Engineering India Ltd. vs ACIT case regarding interest on late TDS payment. Understand the arguments, tribunal decision, and implications

Action cannot be initiated against custom broker based on vague hypothesis & presumptions

December 31, 2023 459 Views 0 comment Print

Read the detailed analysis of JKG Infralogistics Pvt. Ltd. vs. Commissioner of Customs case. CESTAT Kolkata sets aside penalties, citing lack of evidence for Customs Broker violations.

Failure to Mention DIN on Assessment Order Body Renders it Invalid: ITAT Chandigarh

December 31, 2023 3360 Views 0 comment Print

The crux of the matter lies in the alleged non-compliance with CBDT Circulars, emphasizing the mandatory nature of DIN in all communications.

India-Hong Kong TBML Crackdown: 4 Held in Diamond Trade Scheme

December 30, 2023 606 Views 0 comment Print

Indian-Hong Kong Customs dismantle major TBML network. Synthetic diamonds mis-declared, money laundered globally. Joint effort results in 4 arrests.

Service recipient ineligible for Advance Ruling: GST AAR Uttar Pradesh

December 29, 2023 372 Views 0 comment Print

Explore the case of Spring Infrastructures in GST AAR Uttar Pradesh, where the service recipient is deemed ineligible for an advance ruling. Get insights into the complex GST implications.

RBI’s NSFR Review: Inclusion of EXIM Bank & NaBFID as National Development Banks

December 29, 2023 708 Views 0 comment Print

Read the latest RBI circular on Basel III NSFR framework. Inclusion of EXIM Bank and NaBFID as National Development Banks. Immediate effect on commercial banks.

Revised Small Savings Schemes Interest Rates for January-March, 2024

December 29, 2023 10890 Views 0 comment Print

Get the latest update on small savings scheme interest rates in India. Revised rates for Q4 2023-24 released by the Ministry of Finance. Plan your investments wisely.

AP TIDCO scam: Andhra Pradesh HC rejects Bail Petition

December 29, 2023 48222 Views 0 comment Print

Andhra Pradesh High Court rejects Yogesh Gupta’s bail plea in AP TIDCO scam case. Full text of judgment and analysis. Learn about the legal implications.

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