News Update

Cabinet nod for Rs 34300 Cr 'National Critical Mineral Mission'Cus - Broker's licence cannot be cancelled for perpetuity- Respondent has already suffered severe consequences due to the cancellation for several months- Tribunal order setting aside the revocation of licence needs no interference: HCCabinet approves mechanism for procurement of ethanol by OMCsGST - ITC fraud - Petitioner has cooperated with investigating agency and there is no material to suggest that he will abscond - Determination of liability has not been arrived as yet - Continued detention at stage of investigation not required: HCVirtual Digital Asset - Development of Statute-led Jurisprudence in IndiaGST - Order is passed in blatant violation of the provisions of s.107(8) and s.107(12) - Orders set aside and matter remitted - Costs imposed on department: HCDigital economy to contribute 20% of National Income by 2029-30GST - An order which does not contain a DIN would be non- est and invalid: HCMandaviya to chair National Conference with Labour MinistersGST - Petitioner has not been disbursed with tax at higher rates for the work completed for Military Engineering Services - Claim to be considered by competent authority without undue delay: HCBilateral trade: Goyal concludes successful visit to OmanTrump suspends foreign aid to PakistanST - PSU cannot have malafide intentions for non-discharge of duty - Suppression of facts has wrongly been alleged: CESTAT‘Doomsday Clock’ inches closer to midnight - only 89 seconds awayGST Penalty of Rs. 3731 Crores on an employee - Tax Torment Turned TriumphStampede-like situations in Maha Kumbh - Akharas call off holy bathGSLV-F15 carrying navigation satellite successfully lifts off this morningWhite House asks federal staff to quit by Feb 6 and be paid till Sept 30Cus - While bona fide purchasers may not escape duty liability, penalties require careful consideration of intent and due diligence: CESTATUN says it has received Washington notification withdrawing from Paris Climate treatyCanada, Mexico take border measures to soften Trumpian criticismICG, Indonesian Coast Guard renew MoU for another 3 yearsRailways operating 360 trains from Prayagraj StationBudget Session 2025 - President Murmu to address Parliament on Jan 31
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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