18 Oct 24

CBDT Exempts RBI from TCS Requirement under Section 206C(1F) of the Income Tax Act

CBDT Releases Updated TDS Rates for FY 2024-25

GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details

17 Oct 24

Bombay HC: Assessee Can’t Be Refused ITC Solely for Filing GST Forms Manually Due to Portal’s Functionality Issues

Gujarat HC: IT Section 68 Does Not Apply if There is No Clear Declaration of Amount in the Bank Statement

Gujarat HC: GST Credit Can’t Be Blocked in the ECL if the Balance Is Nil or Insufficient

CBDT Amends Rules for Forms 10A and 10AB under Sections 12A and 80G

16 Oct 24

Newly launched GST app to facilitate traders keep trail of transactions

CBIC Issues Clarification on Implementation of Section 16(5) & 16(6) of CGST Act 2017

Pune ITAT: Tax Deduction Can Be Claimed u/s 80IA If the Entity Operates, Develops, and Maintains Infra

CBIC Department Regularizes GST Notices to Foreign Airlines

Kerala HC Rules Issuance of Summons U/S 70 of GST Act Does Not Constitute Initiation of Proceedings U/s 6(2)(b)

15 Oct 24

ICAI Issues New Quality Management Standards: SQM 1 and SQM 2 for Auditing and Assurance

CBDT Notifies Income Tax Exemptions for Various Public Authorities u/s 10(46) of the IT Act

Income Tax Department Sets Sights on High-Risk Refund Claims

CBIC Sets 18% GST Rate on Affiliation Services to Colleges by Universities

Kerala HC: If an Assessee Fails to Submit a Sales Report for Tax Evasion, Section 74 Must Be Applied

14 Oct 24

Text of the Circular has been mentioned below

CBIC Issues Clarification on GST Rates and Classification of Goods Following 54th GST Council Meeting

13 Oct 24

Regularizing payment of GST on services of film distributors or sub-distributors who act on a principal basis to acquire and distribute films

Regularizing payment of GST on certain support services provided by an electricity transmission or distribution utility

CBIC Issues Clarifications on GST Applicability for Specific Services

Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions

12 Oct 24

CBIC Introduces New Key Changes to GST Registration Regarding Suspension and Cancellation

GST ITC Reconciliation in GSTR 9 Should be Done Using GSTR 2B, Not GSTR 2A

CBIC Revises Penal Provisions in Form GST INS-01 to Align with the Bharatiya Nyaya Sanhita, 2023

11 Oct 24

CBIC Updates Penal Provisions in Form GST INS-01 in Line with Bharatiya Nyaya Sanhita, 2023

Union Minister Pankaj Chaudhary Inaugurates GST Bhawan in Delhi, Highlights Simplified Tax Compliance Initiatives

Delhi HC: GST Exemption on Foreign Reinsurance for Govt Insurance Schemes Applies Retrospectively from July 1, 2017

Delhi ITAT Quashes Reassessment, Rules Section 147 Cannot Be Invoked for Mere Change of Opinion

10 Oct 24

RBI Keeps Repo Rate Unchanged at 6.50%, Shifts Stance to Neutral Amid Inflation Concerns

CBIC Introduces Rule 47A to CGST Rules: New 30-Day Time Limit for Issuing Tax Invoices Under RCM

CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024

Central Tax Notification No. 22/2024 to Rectification on Incorrect GST ITC U/S 16

J&K HC Voids Deficiency Memo; GST Refund Limitation Commences From Original Application Date, Not Follow-Up

09 Oct 24

CBDT Forms Committee to Modernize Income Tax Laws and Reduce Compliance

GSTN Introduces New Payment Methods on GST Portal, Adds Two New Banks for Payments

CBIC Waives Late Fees for TDS Filers u/s 51 of CGST Act on Delayed GSTR-7 Filings Since June 2021

CBIC Notifies GST Exemptions for Vocational Education and Power Utility Services - Effective October 2024

CBDT Extends Form 10B/10BB Filing Deadline to 10th November 2024

08 Oct 24

TN AAR: 28% GST Applies to Plastic Rope Handles, Vent Plugs, and Split Tops and Bottoms

Delhi ITAT Cancels Tax Notice U/S 148 Due to Mechanical Approval by the PCIT for Reassessment

ICAI issues Corrigendum to 75th Annual Accounts following Typographical Error

Income Tax Refund Delays: FM Nirmala Sitharaman calls on Income Tax Dept on ‘X’ for Resolution of Complaint

07 Oct 24

Non-Payment of dues for 3 Months not Valid Ground u/s 29 of CGST Act: Delhi HC quashes GST Registration Cancellation [Read Order]

CBIC extends CVD on Copper Wire Rod Imports from Indonesia, Malaysia, Vietnam, and Thailand to 7th July 2025

FM Nirmala Sitharaman Urges IT Department to Address Tax Refund Delay Complaint

06 Oct 24

GST Instruction No. 04/2024 on Mapping/De-Mapping of Officers on the GSTN Portal

Ministerial Committee May Reduce GST on Medicines, Insurance, and Tractors to 5% by Next Month

Chhattisgarh HC: Unexplained Deposits in Bank Accounts Will Be Considered Income U/S 68 and 69A