News Update

Deadly wildfire in LA; 30,000 evacuated, including Hollywood starsTrump urges SC to pause sentencing in hush money caseAadhar, UPI & AePS have acted as enablers for FinTech sector: SecretaryGST - S.169 - Service of order - State is obliged to comply with the Clauses (a) to (c) alternatively and thereafter, comply with Clauses (d) to (f): HCGovt to make it mandatory for airlines to share weather data for precise forecastsGST - Amended formula for computing unutilised ITC - Notification No.14/2022-CT is applicable retrospectively as the amendment brought in Rule 89(5) is curative and clarificatory in nature - Rectification application for differential refund to be honoured : HCOla Electric warned against stock market disclosure missesGST - Rule 86A permits putting aside of wrongfully utilized ITC, whether actually available in credit ledger or not, and to await appropriate order of assessment & penalty, if any, either u/s 73/ 74 of GST Act r/w/s 122 of GST Act: HCSonowal announces major projects to boost capacity at Kandla PortGST - There is no provision in Section 130 which prohibits the interim release of goods seized, pending adjudication of SCN: HCAllahabad HC tosses out PIL seeking impeachment of Justice Shekhar YadavGST - Non-mention of DIN number and absence of signature of assessing officer would render the assessment order invalid: HCGST - It is unjust to deny benefit of waiver of late fee to any dealer, merely because he had filed belated return prior to issuance of amnesty notification: HCMaduro claims to have arrested two American & 3 Ukrainian mercenariesCus - s.153 - Modes of service - Department ought to, in future, follow a system by which, in addition to sending notices by speed post, registered post or courier, notices are also sent on the email address: HCNot a penny more...SC pulls up Army for ignoring SSC officers for permanent commissionLegality of Cash and Asset Seizure - Judicial Precedents and Interpretative AnalysisTrump sets 20th Jan deadline for Hamas to release all Israeli hostages + urges NATO members to up defence spending to 5%I-T- Re-assessment notice issued u/s 148 in name of company which ceased to exist on account of it being struck off the Registrar of Companies, is invalidated: HCACC appoints V Narayanan as New ISRO ChairmanI-T - Adopting monthly cash sales and thereby calculating amount of undisclosed income on account of cash deposits during period of demonization, is not justified: ITAT12 endangered bustards spotted in RajasthanTrump keen to acquire Greenland & Panama Canal; does not rule out use of forceVaishnaw unveils Government Calender for 2025Argentina discards tariffs to liberalise protectionist economyBrazil finds BYD brought hundreds of Chinese workers on irregular visas
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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