GOVERNMENT OF TAMIL NADU COMMERCIAL TAXES DEPARTMENT OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES EZHILAGAM, CHENNAI- 600 005 PRESENT: Dr. D.JAGANNATHAN I.A.S. COMMISSIONER OF STATE TAX Circular No. 10/2024 (PP6/GST-160/2024) Dated: 12.07.2024 Sub: - Regarding. Ref: Circular No. 216/10/2024-GST, dated 26.06.2024, issued by Government of India, Ministry of Finance, Department of Revenue, CBIC, GST Policy Wing. ****** In the reference cited, the Government of ... ... ...

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI (DEPARTMENT OF LAW, JUSTICE AND LEGISLATIVE AFFARIS) 8^TH LEVEL, C-WING, DELHI SECRETARIAT, NEW DELHI No. F.14(62)/LA-2019/cons2law/545-554 NOTIFICATION Dated 18, December, 2019 NO. F.14(62)/LA-2019/cons2law/545-534 - The following Act of the Legislative Assembly of the National Capital Territory of Delhi received the assent of the Lt. Governor of Delhi on the 13th December, 2019 and is hereby published for general information :... ... ...

E-invoicing applies where a registered supplier exceeding the prescribed turnover threshold makes supplies to Government Departments, Government agencies, local authorities or public sector undertakings registered solely for tax deduction at source. Such entities are subject to compulsory registration and are treated as registered persons under the Tamil Nadu GST framework. Their tax deduction at source registration does not remove the supplier's obligation to issue e-invoices under rule 48(4).

No Due Certificates for contractors and suppliers seeking government contracts require verification of return filing, tax payment, delayed-payment interest, annual returns, and liabilities under GST and legacy tax laws. Officers must also check unstayed arrears and liabilities under other registrations linked to the same PAN. The certificate must use the prescribed format and bear a system-generated Reference Number, without which it is invalid. Deficient applications require a reasoned rejection response, and supervisory officers must ensure timely processing and compliance.

New return-based input tax credit procedures allow recipients to verify, validate, modify or delete supplier-furnished supply details through returns. Prescribed procedures govern supplier reporting, recipient credit verification and credit relating to outward supplies not furnished by suppliers; such credit may be capped at a prescribed level not exceeding twenty per cent of credit available from supplier-furnished details. Suppliers and recipients may be jointly and severally liable for tax or wrongly availed credit where prescribed supply details exist but the relevant return has not been furnished. Input tax credit utilisation is reordered through prescribed priority rules for integrated, Central and State tax credit.

SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.

GST exemptions apply to specified public and inter-unit railway services, special purpose vehicle infrastructure-use and related maintenance services, qualifying statutory collections by the Real Estate Regulatory Authority, and eligible long-term accommodation services. Liability for identified railway, reinsurance and qualifying accommodation supplies is regularised on an "as is where is" basis for the respective past periods. Incentive sharing within the prescribed digital-payment distribution mechanism is treated as a non-taxable subsidy. Reinsurance includes retrocession services.

Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.

Input tax credit claimed on invoices issued by non-existent suppliers may attract Section 74 where the notice sets out foundational facts indicating fraud, wilful misstatement or suppression. The claimant must establish actual receipt and physical movement of goods; invoices and banking records alone do not prove transaction genuineness. A consolidated notice may cover multiple financial years because the statutory wording permits proceedings for connected periods. Conversely, reverse charge liability cannot be pursued under Section 74 merely from omissions when relevant expenses were disclosed in accounts and financial statements; deliberate non-disclosure is required. Input tax credit mismatch and reverse charge demands were sustained under Section 73 with consequential interest and penalty, while fraudulent credit demands were restored under Section 74.

Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.

Input tax credit claimed from non-existent suppliers requires proof of genuine receipt and physical movement of goods; invoices and banking payments alone do not discharge the claimant's burden where foundational facts indicate fictitious supplies, permitting recourse to Section 74 with interest and penalty. Section 74 requires deliberate non-disclosure to evade tax and does not apply to disclosed reverse-charge expenses absent fraud, wilful misstatement or suppression; the remaining liability falls under Section 73. Section 75(8) permits appellate modification of tax, interest and penalty, including a verified GSTR-3B/GSTR-2A mismatch. Sections 73 and 74 permit consolidated notices spanning multiple financial years.

Registered persons whose aggregate turnover for financial year 2023-24 does not exceed two crore rupees are exempt from filing the annual return for that financial year under the first proviso to section 44 of the Tamil Nadu Goods and Services Tax Act, 2017. The exemption takes effect from 10 July 2024.

Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.

GST recovery against a purchasing dealer is questioned where a supplier filed GSTR-1 but did not pay the challan or file GSTR-3B. The issues concern third-party recovery through DRC-13 for gross GSTR-1 liability despite available input tax credit reducing the supplier's net payable amount, and whether later payment and GSTR-3B filing affect the purchaser's liability.

Charitable purpose includes relief of the poor, education, yoga, medical relief, environmental and heritage preservation, and advancement of general public utility. General-public-utility activities involving trade, commerce, business, or related services for consideration are excluded from charitable character unless undertaken in actual pursuit of that object and the aggregate receipts from those activities do not exceed twenty per cent of the trust's or institution's total receipts for the relevant previous year.

The special GST procedure requires reporting of the final-packing machine in FORM GST SRM-I. Make and model details are optional, but a machine number is mandatory and may be assigned where unavailable. Electricity-consumption ratings must be based on machine details or records; if unavailable, they may be certified by an eligible Practicing Chartered Engineer and uploaded with the form. The procedure excludes Special Economic Zone units and manual packing operations. It applies to job workers and contract manufacturers, while the principal manufacturer bears compliance responsibility for an unregistered job worker or contract manufacturer.

Technical assistance from petitioners' representatives must be provided to the SFIO, under its supervision, to verify investors' claims and identify attached properties for possible sale. Any action concerning properties under provisional attachment remains subject to the final outcome of pending appellate proceedings under the PMLA and any further proceedings. New applications were dismissed, while the application relating to provisionally attached properties was disposed of. The main matters were listed for a further report.

RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.

Competing interests in land within a larger survey-number area require clear identification of the respective plots and shares before any potential sale of attached property. Revenue authorities are to assist with demarcation, supported by plans and revenue records submitted by the claimants. Lifting the attachment remains contingent on establishing valid salable title and verifying the claimant demands. Proceedings arising from the FIR remain stayed pending further consideration of these property claims.

Substance over form governed the treatment of housing-scheme collections where powers of attorney, control over funds and construction operations showed that the assessee conducted the building business for personal benefit. The intermediary construction firm could therefore be disregarded as a profit-diversion device, collections were treated as trading receipts, and profit was estimated after rejection of inadequately maintained books. Cash payments to the controlled firm were treated as loans or debts rather than payments to an independent entity; other cash payments required reconsideration under the Rule 6DD(j) exception and applicable circular. Loans were assessed as undisclosed income because the contemporaneous search statement was accepted over a later unsupported explanation.