Budget 2024 Updates

India successfully tests two ballistic missilesKhalistani activists polluting Canada: Canadian MP Chandra AryaUK Foreign Minister David Lammy meets PM ModiRs 1.72 lakh crore allocated for capital acquisition for defenceI-T- Re-assessment - additions quashed as assessee given fresh opportunity to adduce evidence; nevertheless, assessee failed to participate in hearing despite multiple notices - costs of Rs 40000/- imposed on assessee: HCVaishnaw hails Rs 2.62 lakh crore capex for RailwaysCX - Final product is copper cathodes and not sulphuric acid, which is a by-product - Oxygen gas captively consumed in manufacture of sulphuric acid is entitled to exemption in terms of notification 67/95-CE: HCElectric Mobility Promotion Scheme, 2024 notified to promote green mobilityGST - Same input and output supplies though attracting different tax rates at different points of time - Since para 3.2 of Circular 135 has been struck down as ultra vires, refund to be extended: HCBIS sanctions 82 projects to faculty members of various prominent institutionsGST - Demand confirmed since petitioner failed to file a reply - Petitioner can be given one opportunity to explain subject to they depositing 25% of disputed tax from its Electronic Cash register: HCBihar passes bill to curb paper leaks with Rs one crore fine & 10-yr jailGST - Petitioner's assertion that the ITC available in GSTR-2A exceeds that availed of in GSTR-3B was not considered - Matter remanded; bank attachment lifted: HC380-feet asteroid to fly past earth at 29K Kmph tomorrow: NASAGST - Legitimate trade and commerce by every supplier should be allowed to be carried on subject to payment of tax and statutory compliance - Registration to be revived: HCPax plane crashes with 23 onboard at Kathmandu airport; 18 killedGST - Petitioner unaware of SCNs and the orders passed - Subject to petitioner depositing 25% of disputed tax, matter remanded: HCINDIA bloc boycotts Parliament; says Budget is discriminatoryTaxonomy is not about taxesBudget for Vikasit BharatWill the Old Tax Regime be Consigned to A Margadarshak Role?July 21 (Sunday) was hottest day on earth since Ice Age: Scientists
 
GST - 22 States remove check-posts; 8 are in process of removal

By TIOL News Service

NEW DELHI, JULY 04, 2017: WITH the GST roll-out, as many as 22 States have removed check-posts, a pain for the transport sector. The largest beneficiary is going to be the logistics sector as the number of days for transporting goods from one city to another would be less than half.

The States which have removed Chungis are:
                               
1.    Andhra Pradesh
2.    Arunachal Pradesh
3.    Bihar
4.    Gujarat
5.    Karnataka
6.    Kerala
7.    Madhya Pradesh
8.    Maharashtra
9.    Sikkim
10. Tamil Nadu
11. West Bengal
12. Chhattisgarh
13. Delhi
14. Goa
15. Haryana
16. Jharkhand
17. Odisha
18. Puducherry
19. Rajasthan
20. Telangana
21. Uttar Pradesh
22. Uttarakhand

States where check posts are in the process of being abolished are:

1.    Assam
2.    Himachal Pradesh
3.    Manipur
4.    Meghalaya
5.    Nagaland
6.    Punjab
7.    Mizoram
8.    Tripura


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Sub: GST

Good relief

Posted by B L Joshi
 

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