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GSTN Issues Advisory for Biometric-based Aadhar Authentication and Document Verification for Applicants in Uttarakhand

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GST Portal Releases ‘Tabular’ Data of Gross and Net GST Collections for June 2024

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CBIC detects Fake ITC amounting to Rs. 36374 Crores in FY 2023-24

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Notification cannot alter statutory-limitation, opines SC in SLP against ‘Amnesty Scheme’ denial

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GSTN’s advisory on addition, amendment of supplies through FORM GSTR-1A

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ELP elevates home grown Rohit Jain to Deputy Managing Partner

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Key GST and Indirect Tax highlights from Budget 2024-25

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Tax World reacts to Indirect Tax/GST proposals in Budget 2024

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FM proposes common time limit for demand notices, affirms Council’s proposal w.r.t. ceding/re-insurance premium

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FM proposes tax incentives for IFSC, applies from April 2025

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Key GST Proposals

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Time-limit to avail ITC for returns filed during initial-years of GST implementation relaxed

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No more Indexation benefit for capital gains; ‘Draconian’, say experts

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FM proposes rationalisation of Charitable Trusts provisions, Applies from Oct. 1

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ENA used in manufacture of alcoholic liquor for human consumption outside GST ambit

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FM proposes retrospective amendment in transitional credit provision allowing ISD to transition credit

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Buy back taxation undergoes overhaul, to be taxed as dividend

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FM proposes capital gains regime overhaul, provisions effective today

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FM proposes abolition of Sec. 56 (2)(viib) w.e.f AY 2025-26

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Copy of Finance Bill and Memorandum to Finance Bill, 2024