Supply of agricultural farm produce in package(s) of more than 25 KG/litre shall not be considered supply of ‘pre-packaged and labelled’ goods   GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Revenue)   Notification No. 03/2024-Central Tax (Rate)   New Delhi, the 12th July, 2024   G.S.R. …..(E).-In exercise of …

RBI invites E-tender for appointment of Chartered Accountants as Concurrent Auditor for the period from 01.10.2024 to 30.09.2025 Reserve Bank of India, Bhubaneswar has invited E-tender from Category-I Chartered Accountant Firms registered with ICAI for Odisha State under the Two-Bid system (Technical & Financial Bid) for Appointment of …

Commercial expediency – Expression “for the purposes of the business” is wider than “for the purpose of earning profits” – ITAT In a recent judgment, Ahmedabad ITAT has allowed an expenses u/s 37(1) considering Commercial expediency holding that the expression given in section 37 “for the purposes of …

Taxability and valuation of supply of services of providing corporate guarantee between related persons.   Circular No. 225/19/2024-GST   F. No. CBIC-20001/4/2024-GSTGovernment of IndiaMinistry of Finance (Department of Revenue)Central Board of Indirect Taxes and CustomsGST Policy Wing   New Delhi, Dated the 11th July, 2024   To,The Principal …

Revised procedure for electronic submission and processing of GST refund application by CSD CBIC has issued Circular No. 227/21/2024-GST dated 11.07.2024 to lay down the revised procedure for electronic submission and processing of refund application by CSD, in accordance with section 55 of CGST Act, in supersession of …

Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports In order to ensure uniformity in the implementation of the provisions of the law across field formations, the CBIC has issued Circular No. 226/20/2024-GST dated 11th …