Articles by Bimal Jain

No IGST on Ocean Freight in CIF Contracts: Changes Notified

Posted by Bimal Jain 30 September 2023 4477 Views

Stay informed about the latest updates in CIF contracts as the government announces changes exempting IGST on ocean freight. Learn how these changes may impact your international trade agreements.

Setting up of the GST Appellate Tribunal: Are We Ready?

Posted by Bimal Jain 23 June 2023 3573 Views

Tribunals are judicial institutions established by law, to provide a platform for expedited and specialized expertise in the process of adjudication.

Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha

Posted by Bimal Jain 25 March 2023 17826 Views

Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha

Activities to be undertaken for GST Compliances of FY 2022-23 in March 2023

Posted by Bimal Jain 14 March 2023 16533 Views

We have listed down certain important activities for the smooth transition/ closure of FY 2022-23

Key highlights of the proposed Customs & Excise changes in Union Budget 2023-24

Posted by Bimal Jain 02 February 2023 4631 Views

The Finance Minister has introduced the Finance Bill, 2023 in Lok Sabha today, that is February 1, 2023. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023.

Key highlights of the proposed Income Tax changes in Union Budget 2023-24

Posted by Bimal Jain 02 February 2023 12181 Views

The provisions of Finance Bill, 2023, relating todirect taxes seek to amend the Income-tax Act, 1961 ("the IT Act"), to continue reforms in direct tax system through tax reliefs, removing difficulties faced by taxpayers and rationalization of various provisions.

Key highlights of the proposed GST changes in Union Budget 2023-24

Posted by Bimal Jain 02 February 2023 8106 Views

Amendments proposed in the Finance Bill, 2023, vide Clause 128 to 144 except clause no. 142, will come into effect from a date to be notified

Expected Changes in GST; Union Budget 2023-24 in the Finance Bill 2023

Posted by Bimal Jain 31 January 2023 5669 Views

Expected Changes in GST | Union Budget 2023-24

Recovery under GST without issuance of SCN is not permissible

Posted by Bimal Jain 26 October 2022 6321 Views

There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), which were introduced vide the Finance Act, 2021 but brought into effect only from January 1, 2022 through Notification no. 39/2021-central tax dated December 21, 2021.