News Update

CBI raids premises of Odisha-cadre senior IAS officer in corruption caseMoU signed between Invest Qatar and Invest IndiaIndian whisky not only selling well but also winning awards at World Whiskies competitionDoT, ITU join Hands to explore Future-Ready Infra with AI-driven TechnologiesI-T - Tax authorities need to only ascertain proposed activities of trust, before granting income tax exemption u/s 10 & 11: SCSEBI strikes off registrations of 19 foreign VC investorsCus- If in earlier round, issue of delay between bill of entry and application for refund has already reached finality, that period can't be calculated for deciding that appeals filed before CESTAT are delayed: HCECI bids farewell to Rajiv Kumar, 25th CEC of IndiaGST - Refund of unutilized ITC as per amended formula under Rule 89(5), is to be applied prospectively; refund applications filed before Rule 89's amendment be dealt with as per old formula: HCWhite House says Musk has no formal authority; can only adviseGST - Cancellation of registration - Entire proceedings initiated by the respondent are flawed - This shows complete non application of mind - SCN and order is set aside: HCEconomy likely grew by 6.4% in Q3: ICRAGST - Condonation of delay - S.107 is a complete code in itself - Limitation Act would not apply: HCOut of 50 GWh capacity, 40 GWh cumulative capacity awarded under ACC schemeGST - Construction of civil structures - Rate enhanced - Petitioner cannot be relegated to the Dispute Resolution Forum - Govt. entity to pay differential tax to petitioner within three months else pay interest @6%: HCRussian diplomat says Trump is a problem solverGST Treatment of Vouchers: Legislative and Judicial PerspectivesNon-monetary aspects affecting transaction valueFM inaugurates first.Sachal Aaykar Seva Kendra' virtuallyST - The presence of air conditioning mandatory for bar license made it liable for taxation despite its claims of removal: CESTATCus - Misclassification alone without proper procedural adherence does not justify penalties or denial of duty concessions: CESTATDelta plane lands but turns with belly up at Toronto Airport; 8 pax injuredCBIC notifies regulations for on-arrival movement of good for storageOf Budget 2025 & Non-Resident Taxation (See TII Edit)

TODAY'S CASE (DIRECT TAX)

TODAY'S CASE (INDIRECT TAX)

What's New (Others)

Income Tax Notification 16
Income Tax Circular
Customs Tariff Notification
Customs NT Notification
Customs Circular
Anti Dumping Notification
DGFT Notification
DGFT Public Notice

What's New (GST)

CGST Rule Notification

09

CGST Rate Notification
CGST Circular
IGST Rule Notification
IGST Rate Notification
UTGST Rate Notification
UGST Rule Notification
Cess Rate Notification

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Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy