1. Income tax department has issued notices to institutional taxpayers to file returns, but notices have gone even to those who have completed the procedure before the due date.
2. Kerala High Court directs the department to consider GSTR 3B rectification. Case Name : Chukkath Krishnan Praveen Vs State of Kerala.
3. GST revenue collected in the month of November, 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore, SGST is ₹38,226 crore, IGST is ₹87,009 crore (including ₹39,198 crore collected on import of goods) and Cess is ₹12,274 crore (including ₹ 1,036 crore collected on import of goods).
4. Delhi High Court has resolved a dispute arising from conflicting interpretations of input tax refunds under the goods and services tax system by the authorities and oil major, Indian Oil Corporation.
5. The Directorate General of Foreign Trade has issued a trade notice 33/2023-24 dated November 10, 2023 regarding Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters.
By CA.Raj Chawla
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