GST on ENA: Final decision to be taken by GST Council [Read Letter]
The Commissioner of State Tax & Excise, Himachal Pradesh, on Saturday said that a final decision on the issue of the taxability of Extra Neutral Alcohol ( ENA ) will be taken as per the decision
Exempt essential Corona Medicines from GST at least for Temporary period, says Tamil Nadu FM in maiden speech during GST Council Meet [Read Speech]
The Tamil Nadu Finance Minister, Palanivel Thiaga Rajan while giving his maiden speech at the 43rd GST Council meet said that levy 0% GST for essential Corona medicines at least for a temporary period. The
ENA Attracts 18% Tax: GST dept asks Suppliers of ENA to obtain Registration [Read Letter]
The Commissioner of State Tax & Excise, Himachal Pradesh has clarified that the Extra Neutral Alcohol ( ENA ) used to manufacture alcoholic liquor human consumption would attract 18 percent GST. In a letter addressing the
Patna HC upholds the Vires of Bihar Prohibition and Excise Act 2016, says State cannot Ban Production of ‘Extra Neutral Alcohol’
The Patna High Court, in a significant ruling, held that the State has no power to prohibit the production of Extra Neutral Alcohol. While upholding the constitutional validity of sections 2(40)(ii), 13, 23, 24 (1)
GST Council cuts Tax on Molasses to 5%, Exempts Distilled Alcohol from Levy
The GST Council has decided to reduce GST on molasses to 5 per cent, from 18 per cent, and exempted distilled alcohol for human consumption from the levy. It was noted that the extra neutral
GST on Extra Neutral Alcohol: AAR refuses to Clarify as final Decision pending before GST Council [Read Order]
The Authority for Advance Ruling (AAR), Telangana State, recently refused to clarify the applicability of the Goods and Services Tax (GST) on the Extra Neutral Alcohol (ENA) as the decision on the same is pending
Allahabad High Court directs Refund of UPVAT on Extra Neutral Alcohol as State lost its Legislative Competence to Impose Tax [Read Judgment]
The Allahabad High Court directed the refund of Uttar Pradesh Value Added Tax (UPVAT) on Extra Neutral Alcohol (ENA) as the State lost its legislative competence to impose the tax. As many as 9 petitions
GST Council may Meet Next Week
The apex policy-making body, the Goods and Services Tax ( GST ) Council may meet as early as next week after the approval from the new finance minister. Tax structure for solar projects, uniform tax
Denatured Spirit not classifiable as ‘Intoxicating Liquor’ but Extra Neutral Alcohol is, says Kerala State to Supreme Court
The Supreme Court concluded its 9-judge Constitution Bench hearing on April 18, focusing on whether States have authority over regulating 'industrial alcohol' in line with their control over 'intoxicating liquor,' or if this falls exclusively
Benefit of Excise Duty Exemption Allowable on Molasses Captively Consumed for Manufacture of Rectified Spirit: CESTAT quashes Excise Duty Demand [Read Order]
The Chennai bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the benefit of excise duty exemption allowable on molasses captively consumed for the manufacture of rectified spirit and quashed the
GST Council’s Goods and Services Tax Rate Recommendations: Comprehensive Overview
The 52nd meeting of the GST Council convened in New Delhi, with Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, presiding over the proceedings on 7th October 2023. In attendance were Union Minister
DGFT mandates EIC/EIA or SHEFIXIL Certificate for Export of Food Supplements Containing Botanicals to EU and UK [Read Notification]
The Directorate General of Foreign Trade (DGFT) vide notification no. 31/2023 issued on 11th September 2023 has amended the export policy of food supplements containing botanicals. As per the notification, food supplements that contain botanical
Calcutta HC Allows Revision to Rectify Mistake of Offering Exempted Income to Tax by an Old Lady [Read Order]
The Calcutta High Court (HC) allowed the revision application under section 264 of the Income Tax Act,1961 to rectify the mistake of offering exempted income to tax by an old lady. Ena Chaudhuri, the petitioner
After IT Offices, All Field Formations of Customs under CBEC to remain Open on Thursday to Saturday [Read Circular]
After the direction of the Central Board of Direct Taxes (CBDT) to open the income tax offices all over the country on holidays 29th, 30th and 31st considering the last date for filing of income
CA Career Options: Know All About Migration to Canada as an Accountant
In Canada, there is a significant demand for qualified accountants, and there are many job prospects in a variety of industries, including accounting, taxation, auditing, and financial management. Knowing more about immigrating to Canada will