18 Oct 24
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CBDT Exempts RBI from TCS Requirement under Section 206C(1F) of the Income Tax Act
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CBDT Releases Updated TDS Rates for FY 2024-25
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GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details
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17 Oct 24
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Bombay HC: Assessee Can’t Be Refused ITC Solely for Filing GST Forms Manually Due to Portal’s Functionality Issues
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Gujarat HC: IT Section 68 Does Not Apply if There is No Clear Declaration of Amount in the Bank Statement
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Gujarat HC: GST Credit Can’t Be Blocked in the ECL if the Balance Is Nil or Insufficient
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CBDT Amends Rules for Forms 10A and 10AB under Sections 12A and 80G
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16 Oct 24
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Newly launched GST app to facilitate traders keep trail of transactions
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CBIC Issues Clarification on Implementation of Section 16(5) & 16(6) of CGST Act 2017
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Pune ITAT: Tax Deduction Can Be Claimed u/s 80IA If the Entity Operates, Develops, and Maintains Infra
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CBIC Department Regularizes GST Notices to Foreign Airlines
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Kerala HC Rules Issuance of Summons U/S 70 of GST Act Does Not Constitute Initiation of Proceedings U/s 6(2)(b)
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15 Oct 24
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ICAI Issues New Quality Management Standards: SQM 1 and SQM 2 for Auditing and Assurance
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CBDT Notifies Income Tax Exemptions for Various Public Authorities u/s 10(46) of the IT Act
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Income Tax Department Sets Sights on High-Risk Refund Claims
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CBIC Sets 18% GST Rate on Affiliation Services to Colleges by Universities
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Kerala HC: If an Assessee Fails to Submit a Sales Report for Tax Evasion, Section 74 Must Be Applied
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14 Oct 24
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Text of the Circular has been mentioned below
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CBIC Issues Clarification on GST Rates and Classification of Goods Following 54th GST Council Meeting
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13 Oct 24
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Regularizing payment of GST on services of film distributors or sub-distributors who act on a principal basis to acquire and distribute films
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Regularizing payment of GST on certain support services provided by an electricity transmission or distribution utility
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CBIC Issues Clarifications on GST Applicability for Specific Services
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Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions
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12 Oct 24
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CBIC Introduces New Key Changes to GST Registration Regarding Suspension and Cancellation
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GST ITC Reconciliation in GSTR 9 Should be Done Using GSTR 2B, Not GSTR 2A
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CBIC Revises Penal Provisions in Form GST INS-01 to Align with the Bharatiya Nyaya Sanhita, 2023
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11 Oct 24
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CBIC Updates Penal Provisions in Form GST INS-01 in Line with Bharatiya Nyaya Sanhita, 2023
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Union Minister Pankaj Chaudhary Inaugurates GST Bhawan in Delhi, Highlights Simplified Tax Compliance Initiatives
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Delhi HC: GST Exemption on Foreign Reinsurance for Govt Insurance Schemes Applies Retrospectively from July 1, 2017
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Delhi ITAT Quashes Reassessment, Rules Section 147 Cannot Be Invoked for Mere Change of Opinion
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10 Oct 24
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RBI Keeps Repo Rate Unchanged at 6.50%, Shifts Stance to Neutral Amid Inflation Concerns
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CBIC Introduces Rule 47A to CGST Rules: New 30-Day Time Limit for Issuing Tax Invoices Under RCM
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CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024
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Central Tax Notification No. 22/2024 to Rectification on Incorrect GST ITC U/S 16
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J&K HC Voids Deficiency Memo; GST Refund Limitation Commences From Original Application Date, Not Follow-Up
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09 Oct 24
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CBDT Forms Committee to Modernize Income Tax Laws and Reduce Compliance
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GSTN Introduces New Payment Methods on GST Portal, Adds Two New Banks for Payments
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CBIC Waives Late Fees for TDS Filers u/s 51 of CGST Act on Delayed GSTR-7 Filings Since June 2021
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CBIC Notifies GST Exemptions for Vocational Education and Power Utility Services - Effective October 2024
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CBDT Extends Form 10B/10BB Filing Deadline to 10th November 2024
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08 Oct 24
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TN AAR: 28% GST Applies to Plastic Rope Handles, Vent Plugs, and Split Tops and Bottoms
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Delhi ITAT Cancels Tax Notice U/S 148 Due to Mechanical Approval by the PCIT for Reassessment
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ICAI issues Corrigendum to 75th Annual Accounts following Typographical Error
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Income Tax Refund Delays: FM Nirmala Sitharaman calls on Income Tax Dept on ‘X’ for Resolution of Complaint
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07 Oct 24
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Non-Payment of dues for 3 Months not Valid Ground u/s 29 of CGST Act: Delhi HC quashes GST Registration Cancellation [Read Order]
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CBIC extends CVD on Copper Wire Rod Imports from Indonesia, Malaysia, Vietnam, and Thailand to 7th July 2025
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FM Nirmala Sitharaman Urges IT Department to Address Tax Refund Delay Complaint
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06 Oct 24
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GST Instruction No. 04/2024 on Mapping/De-Mapping of Officers on the GSTN Portal
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Ministerial Committee May Reduce GST on Medicines, Insurance, and Tractors to 5% by Next Month
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Chhattisgarh HC: Unexplained Deposits in Bank Accounts Will Be Considered Income U/S 68 and 69A
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