Substitution of section 20 of CGST (Manner of distribution of credit by Input Service Distributor)  :-

For section 20 of the Central Goods and Services Tax Act, the following section shall be substituted, namely :-

20. (1) Any office of the supplier of goods or services or both which receives tax invoices towards the receipt of input services, including invoices in respect of services liable to tax under sub-section (3) or sub-section (4) of section 9, for or on behalf of distinct persons referred to in section 25, shall be required to be registered as Input Service Distributor under clause (viii) of section 24 and shall distribute the input tax credit in respect of such invoices. Manner of distribution of credit by Input Service Distributor.

Section-122A Penalty for failure to register certain machines used in manufacture of goods as per special procedure.

1. Notwithstanding anything contained in this Act, where any person, who is engaged in the manufacture of goods in respect of which any special procedure relating to registration of machines has been notified under section 148, acts in contravention of the said special procedure, he shall, in addition to any penalty that is paid or is payable by him under Chapter XV or any other provisions of this Chapter, be liable to pay a penalty equal to an amount of one lakh rupees for every machine not so registered. Penalty for failure to register certain machines used in manufacture of goods as per special procedure.
2. In addition to the penalty under sub-section (1), every machine not so registered shall be liable for seizure and confiscation:

Law Legends Outline :

Government के द्वारा, Notification No.05-2024 Central tax के through, Notification No. 02/2017-Central Tax, dated 19^th June, 2017, को amend किया गया है.

जिसके अनुसार उपरोक्त Notification में Table no. II में Serial No. 83 में Column (3) में Clause (ii) में 411060 figure and letter के बाद 411069 figure and letter को insert किया गया है.

Before Amendment

Dear user for more information connect with Law Legends....

Dear user for more information connect with Law Legends.....

The Finance Act, 2023 (hereafter referred to as ‘the FA 2023’) as passed by the Parliament, received the assent of the President on 31st March, 2023 and has been enacted as Act No. 8 of 2023. 1.2 This circular explains substance of the provisions of the FA 2023 relating to direct taxes.

LAW LEGENDS OUTLINE:

CBDT ने 24^rd  January, 2024 की Notification No. 16/2024 के माध्यम ITR-6 को AY 2024-25 के लिए notify किया

Applicability of ITR-6:

The ITR-6 form is applicable to companies other than those claiming exemption under section 11.

LAW LEGENDS OUTLINE:

CBDT ने 23^rd  January, 2024 की Notification No. 15/2024 के माध्यम से Income tax act, 1961 ("Income tax act") की Section 10(46) के under को income tax exemption के लिए Notify किया है।

LAW LEGENDS OUTLINE:

CBDT ने 23 जनवरी 2024 को Notification No. 14/2024 जारी की, जिसमें पिछले नोटिफिकेशन्स में amendment किया गया है। जो  Section 10(46) के under को income tax exemption के लिए issue किये गए है

LAW LEGENDS OUTLINE:

CBDT ने 19^TH January, 2024 को Notification No. 13/2024 issue किया जिसमे  Central government ने Departmental Inquiries (Enforcement of Attendance of Witnesses and Production of Documents) Act, 1972 की section 4 की sub-section (1) की powers का use करते हुए, inquiring authority को अपनी powers exercise करने के लिए authorize किया है जिसमे witnesses को बुलाने और उनकी attendance को enforce करने और witnesses के संबंध में oath पर उनकी examination करने के संबंध में दिया हैं. Central government की opinion है कि Shri Sailendra Mamidi, Principal Commissioner of Income Tax (Retd.) (Charged Officer) से संबंधित departmental inquiry के purpose के लिए, 11 witnesses के रूप में बुलाना आवश्यक है, जो यह हैं:

(1) Sh.Vinod P S  Shibu

(2) Sh. Ajayan

(3) Sh. Raju