Introduction Consumer protection is a crucial aspect of a well-functioning market economy, ensuring fairness, transparency, and accountability in trade and commerce. It encompasses a broad range of policies and regulations designed to safeguard consumers from unethical business practices, defective products, and substandard services. The First Consumer Protection Act was enacted in 1986, which provided consumers […]
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Union Budget 2025 Key features on Income Tax \Finance Bill 2025
Union Budget 2025 Key features\Finance Bill 2025 Direct Tax proposals Introduction of a scheme for determining arm’s length price of international transaction for a block period of three years. Expansion of scope of safe harbour rules to reduce litigation and provide certainty in international taxation. Rationalization of TDS/TCS for easing difficulties Tax deduction limit for […]
EXEMPTIONS FROM CAPITAL GAINS UNDER INCOME TAX ACT
EXEMPTIONS FROM CAPITAL GAINS The Income-tax Act permits a capital gains tax exemption if the proceeds from the sale, or capital gains, as applicable, are used to purchase specific new assets. These exemptions are offered according to the following sections : 1. Section 54: Exemption from the capital gains arising from the transfer of residential […]
No GST on Penalties, Late Fees/Panel Interest, fine levied or collected by RBI: GST AAR MAHARASHTRA
Case Name:- Reserve Bank of India (GST AAR Maharashtra) Appeal Number: Advance Ruling No. GST-ARA-117 of 2022-23/2024-25/B-53 Date of Judgement/Order: 31/07/2024 (1) Shri. AJAYKUMAR V. BONDE Joint Commissioner of State Tax, (Member) (2) Ms. PRIYA JADHAV, Joint Commissioner of Central Tax, (Member) BACKGROUND: The present application has been filed under Section 97 of the Central […]
FINANCE BILL 2024: INSERTION OF NEW SECTION 128A IN CGST ACT 2017
Conditional Waiver to Interest/ Penalty relating to demand raised u/s 73 of CGST Act, 2017- Introduction: Based on the recommendation of the GST Council and in response to the challenges faced by taxpayers during the early years of GST implementation, the Government has introduced Section 128A of the CGST Act, 2017. This section allows for […]
Finance Bill 2024: Amendment to Section 16 of CGST Act, 2017
Amendment to Section 16 of CGST Act, 2017 The Finance Bill 2024, introduced in Parliament on 23rd July 2024, proposes major changes in Income tax law, Direct and Indirect taxes. Chapter V of the Finance Bill provides several new amendments to provisions of the CGST Act, 2017. Section 16 of the CGST Act, 2017 provides […]
E-Magazine on Tax Update Part-5 (June-2024) || Online Publication-13.07.2024
Magazine on Tax Update Part-5 (June-2024) || Online Publication-13.07.2024 Subscription Option Available Subscription for E-GST Update Rates (Hindi) YEAR PRICE Click For Subscription (After Payment Send Receipt on What’s App Number- 8386982822) 1 Year 350/- Subscribe 2 Year 600/- Subscribe legal-Tax-Guru-small Bank Option only 2 Year Name- LTG Publication Pvt Ltd Bank- IDBI Bank Ltd Account Number:- 1278102000010362 […]
CBI ARRESTED A GST INSPECTOR WHILE TAKING A BRIBE FROM THE COMPLAINANT
CBI ARRESTED A GST INSPECTOR The CBI apprehended an Inspector of CGST while taking a bribe of Rs. 2.50 lakh from the complainant in Rajkot. The Complainant is an authorized person of a private entity. On 03.07.2024, the Central Board of Investigation registered a case against an Inspector of CGST in Rajkot, based on allegations […]
53वीं जीएसटी काउंसिल की बैठक के नए निर्णय से मिली व्यापारियों/ कारोबारियों को राहत |
जीएसटी काउंसिल की बैठक के नए निर्णय से मिली व्यापारियों/ कारोबारियों को राहत जीएसटी परिषद की 53वीं बैठक 22 जून 2024 को नई दिल्ली में आयोजित की गई, जो पिछली बैठक के लगभग आठ महीने बाद हुई थी। इस बैठक की अध्यक्षता नवनियुक्त केंद्रीय वित्त एवं कॉर्पोरेट कार्य मंत्री श्रीमती निर्मला सीतारमण जी ने की।लोकसभा […]
जीएसटी अपडेट(हिन्दी)पत्रिका || भाग -IV ( मई-जून 2024) Date of Pub.:- 28.06.2024
जीएसटी अपडेट(हिन्दी)पत्रिका भाग -IV ( मई-जून2024) Pub Date:- 28.06.2024 Subscription Option Available Subscription for E-GST Update Rates (Hindi) YEAR PRICE Click For Subscription (After Payment Send Receipton What’s App Number- 8386982822) 1 Year 350/- Subscribe 2 Year 600/- Subscribe legal-Tax-Guru-small Bank Option only 2 Year Name- LTG Publication Pvt Ltd Bank- IDBI Bank Ltd Account […]