News Update

Untimely demise of Sushil Modi; TIOL Knowledge Foundation loses a passionate patronCus - Failure to abide by obligation to export finished goods - Penal provision must be strictly construed - There is no allegation of attempting to make an export or import, which is covered by s.11(2) of the FTDR Act, 1992 - Demand of penalty cannot be sustained: SCCoast Guard seizes 30,000 litres of illicit diesel & Rs 1.75 lakh cashBiden hikes import tariff to 100% on Chinese EVs + others products worth USD 18 bn worth of importsGST - Cash Credit Account and OD Account cannot be provisionally attached: HCNCGG organises program for Lankan civil servantsGST - Cancellation of registration with retrospective effect - Since the Show Cause Notice is itself defective and the order is cryptic without any reason, the same cannot be sustained: HCChina poses serious cyber risk to UK, says Intelligence Agency chiefGST - Petitioner has filed a detailed reply with supporting documents, therefore, conclusion of the proper officer that the reply is incomplete ex-facie shows that Proper Officer has not applied his mind: HCRamcharitmanas, Panchatantra & Sahrdayaloka-Locana enter 'UNESCO's Memory of World Asia-Pacific Regional Register'GST - Neither the Show Cause Notice, nor the order spell out the reasons for retrospective cancellation of registration, therefore, the same cannot be sustained: HCPutin to visit Beijing this week on Jinping’s invitationGST - Order has been passed solely on the ground that there was no response received from petitioner - One opportunity should be granted to file a response and thereafter SCN shall be re-adjudicated: HCNavigating GST Challenges on Expired MedicinesFormer Dy CM of Bihar Sushil Modi is no moreI-T- Assessee cannot be worsened of in appeal filed by him when relief already granted could be withdrawn: ITATGurugram-based IT professional run over by neighbour over parking disputeEPFO introduces Auto claim settlement for Education, marriage & housingOpenAI releases more advanced GPT-4o for free5 Iraqi soldiers die in terror attackIndia Port Global Ltd signs contract with Ports and Maritime Organization of IranUS to buy back land adjoining missile silos from China-linked firmsMelinda Gates quits Gates Foundation; walks away with USD 12.5 bn for her charity activitiesOptimise GST Administration Through Call Book System


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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.