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GST - GSTR-1 - B2B instead of B2C - By permitting Petitioner to rectify the error, there will be no loss whatsoever caused to the Opposite Parties - Directions issued: HCGST - Appellate Authority has not adverted to any of the grounds which have been canvassed by the Registered taxpayer - Order set aside and matter remanded: HCGST - SCN did not refer to interest or penalty but order imposes such liability - Since petitioner did not have an opportunity to respond, Order set aside and matter remanded subject to petitioner remitting 10% of disputed tax demand: HCGST - s.16(4) - Recommendation of 53rd GST Council meeting - Extension of time limit to avail ITC - No coercive action against petitioner: HCGreat Wealth Migration: China continues to be perennial loser!DGTR recommends definitive anti-dumping duty on Isoprene Rubber from China & other countriesI-T- Power u/s 119(2)(b) has to be exercised liberally and delay in filing Audit Report is condonable where assessee would suffer genuine hardship otherwise: HCCalcutta HC orders to release man jailed for lambasting Bengal Minister on social mediaI-T- Re-assessment invalidated where based on change of opinion & where no failure to make full & true disclosure of facts is attributed to assessee: HCGermany blocks sale of turbine unit to Chinese groupI-T- Proceedings against deceased person are null & void; penalty imposed on deceased assessee for non-compliance with SCNs & orders stands quashed: HCLeading investment banks retreating from China; lays off jobsI-T - Mere execution of sale deed without complete transfer of consideration does not constitute transfer of property for purpose of levying capital gains: ITATExcess emissions: GM to pay USD 146 mn penaltyI-T - Denial of deduction u/s 80P is valid only upto income earned by cooperative societies through non-members: ITATUK goes to poll on Friday; Labour to win with largest majority in modern history: SurveysParliament Session concludes as both Houses adjourn sine dieWhite House says Biden not to chicken out of raceI-T - Reassessment - failure of AO to issue notice u/s 143(2) prior to finalizing reassessment order cannot be condoned by referring Section 292BB: ITATYogi orders Judicial Probe into Hathras tragedyATMS & RajmaargYatra App to disseminate information to assist NH usersBengal Governor gripes about protocol lapses during Siliguri visit; writes to State GovtCus - The exporter becomes entitled to MEIS benefits once it exported the notified goods to notified market and this benefit cannot be deprived except by cancellation of said scrips by DGFT itself after following due procedure: CESTATWIPO data shows Chinese inventors filing highest number of AI patentsGovt extends Smart Cities Mission till March 2025Manish Sisodia’s judicial custody further extendedCus - Import of Semiconductor fabrication systems - Value declared by importer is same as proforma invoice value declared by supplier; no mis-declaration or suppression is made out; confiscation of goods unwarranted: CESTATGovt proposes to amend Geographical Indication of Goods Rules; Draft issued for feedbackNITI Aayog to launch 'Sampoornata Abhiyan'Warehousing Authority notifies several agri goods to be stored in only registered warehousesCX - The demand raised and confirmed denying Cenvat credit availed on CVD paid on imported Steam Coal cannot sustain: CESTAT
 
Parliament Session concludes as both Houses adjourn sine die

 

By TIOL News Service

NEW DELHI, JULY 04, 2024: AFTER general elections for the 18th Lok Sabha, the First Session of Lok Sabha and 264th Session of Rajya Sabha were called from 24th and 27th June, respectively. Lok Sabha was adjourned sine die yesterday, on 2nd July, 2024 while Rajya Sabha has been adjourned sine die yesterday, 3rd July, 2024.

Addressing a Press Conference in New Delhi yesterday, Union Minister of Parliamentary Affairs Kiren Rijiju gave the details of proceedings of this session of the Parliament. First two days in Lok Sabha were devoted exclusively for the purpose of Oath/Affirmation of newly elected Members of 18th Lok Sabha. During the Session in total 539 out of 542 Members took Oath/Affirmation.

For facilitation of Oath/Affirmation, the President of India appointed Bhartruhari Mehtab as Speaker Protem under Article 95(1) of the Constitution and Suresh Kodikunnil, Radha Mohan Singh, Faggan Singh Kulaste, T. R. Baalu and Sudip Bandyopadhyay, persons before whom Members may make and subscribe Oath/Affirmation under Article 99 of the Constitution.

On 26th June, 2024, election of Speaker, Lok Sabha was held and Om Birla, Member of Lok Sabha was elected as the Speaker through voice vote. On the same day, the Prime Minister Narendra Modi introduced his Council of Ministers to the Lok Sabha.

On 27th June, 2024, the President addressed both the Houses of Parliament assembled together under Article 87 of the Constitution giving details of past achievements of the government and also detailing out roadmap for future development of the nation.

On 27 th June, 2024, the Prime Minister introduced his Council of Ministers to the Rajya Sabha.

Discussion on Motion of Thanks on President's address was scheduled to commence on 28 th June, 2024 in both the Houses.

In Lok Sabha, due to interruptions, debate on the subject could be initiated only on 1st July, 2024. Anurag Thakur, MP initiated the debate while Ms. Bansuri Swaraj, MP seconded the discussion in Lok Sabha. In total 68 Members took part in the debate while more than 50 Members laid their speeches on the Table of the House. Debate was replied to by Prime Minister after a discussion of more than 18 hours on 2nd July, 2024. There were 7 Sittings of about 34 hours in Lok Sabha and the productivity despite one day's washout has been 105%.

In Rajya Sabha, discussion on Motion of Thanks on President's address was initiated by Sudhanshu Trivedi, MP which was seconded by Ms. Kavita Patidar, MP on 28th June, 2024. In total 76 No. of Members took part in the debate of more than 21 hours which was replied to by the Prime Minister Narendra Modi on 3rd July, 2024. Total productivity of Rajya Sabha has been more than 100%.


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