Tax Laws Update

• Income Tax Order: Guidelines for compulsory selection of returns for Complete Scrutiny during the FY 2024-25
• Customs Notification No.25: Further amendment to List 34A & 34B in the Appendix to Notification No. 50/2017
• Customs Update - May 6, 2024
• Customs Notification No.34(NT): Exchange Rate Notification dated 02.05.2024
• Customs Duty Drawback Notification No.33(NT): Amendment in Notification No. 77/2023 -Cus. (N.T.) relating to AIRs of Duty Drawback
• Customs Notification No.32(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
• Central Excise Notification No.13: Reduction of Special Additional Excise Duty on production of Petroleum Crude
• Income Tax Notification (DRT): Amendment of Notification dated 06.09.2018 raising the pecuniary jurisdiction of DRT
• Income Tax Circular No.7: ​Extension of due date for filing of Form No. 10A/10AB under the Income-tax Act, 1961
• Customs Instruction No.9: Extension period for Ortho-phosphoric Acid from applicability of BIS standard
• Income Tax Circular No.6: Partial modification of Circular No. 3/2023 regarding consequences of PAN becoming inoperative as per rule 114AAA
• Income Tax Notification No.39: Amendments in Notification No. S.O.2692 (E), dated the 10th June, 2022
• CGST Notification No.8: Extension of the timeline for implementation of Notification No.4/2024-CT to 15th May, 2024
• Customs Notification No.30(NT): Exchange Rate Notification dated 18.04.2024
• Customs Notification No.29(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver (April 15, 2024)
• Central Excise Notification No.12
• Customs Notification No.28(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver (April 9, 2024)
• GST Advisory: Extension of Due date of GSTR-1 for the period March 24
• GST Advisory: Extension of GSTR-1 due date to 12th April 2024
• GST Advisory: Auto-populate the HSN-wise summary from e-Invoices into Table 12 of GSTR-1