News

The Financial Intelligence Unit-India has imposed a monetary penalty of Rs. 5,49,00,000 on Paytm Payments Bank Ltd for violations of its obligations under the PMLA.

FIU-IND imposes penalty of Rs. 5,49,00,000 on Paytm Payments Bank for violations of its obligations under PMLA

The Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs.1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023.

Gross GST Revenue of Rs.1,68,337 crore collected during February 2024; Records Year-on-Year growth of 12.5%

Articles

The Delhi Sales Tax Bar Association organizes a large demonstration against the use of AI to issue vague notices and orders without regard for the merits of the responses.

Sales Tax Bar Association organises a huge demonstration against issuance of vague notices using AI

Judgement

The Delhi High Court has held that Non-Filing of ITR will not lead to Retrospective Cancellation of GSTN.

Non-Filing of ITR will not lead to Retrospective Cancellation of GSTN [Read HC Order]

The Electronic Cash Ledger (ECL) shall be the mode of payment of Import duties for goods imported through International Courier terminals from 01st March 2024.

Implementation of Electronic Cash Ledger for payment of Import duties for goods imported through Courier Mode from w.ef. 1st March 2024

The SAED on diesel exports, however, has been reduced to zero from Rs.1.50 per litre, according to an official announcement.

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FIU-IND imposes penalty of Rs. 5,49,00,000 on Paytm Payments Bank for violations of its obligations under PMLA

Gross GST Revenue of Rs.1,68,337 crore collected during February 2024; Records Year-on-Year growth of 12.5%

Sales Tax Bar Association organises a huge demonstration against issuance of vague notices using AI

Non-Filing of ITR will not lead to Retrospective Cancellation of GSTN [Read HC Order]

Implementation of Electronic Cash Ledger for payment of Import duties for goods imported through Courier Mode from w.ef. 1st March 2024

Government hikes Windfall Tax on Crude Petroleum, reduces levy on Diesel