Articles by Bimal Jain

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Key Highlights of Interim Budget 2024-25: Changes under the Income Tax Law

  Bimal Jain    02 February 2024 at 10:42

Direct TaxInterim Budget for 2024-25 is presented by Hon'ble Finance Minister Smt. Nirmala Sitharaman today i.e. February 01, 2024 and highlighted that the Indi..



GST: A New Landscape on Online Gaming, Casinos, Horse Racing w.e.f. 1st Oct 2023

  Bimal Jain    04 October 2023 at 10:07

GST Council in its 50th and 51st GST Council meetings recommended the substantial changes to the taxation landscape on the actionable claims supplied in Casinos, Horse racing and Online gaming,will be taxed @28% on full face value, irrespective of whether the activities are a game of skill or chance.



Effective GST Changes w.e.f 1st Oct 2023

  Bimal Jain    03 October 2023 at 12:06

Sections 137 to 162 of the Finance Act, 2023 (the FA,2023) (except Sections 149 to 154) will come into force from October 01, 2023 vide Notification no. 28/2023-Central Tax dated July 31, 2023.



GST on OIDAR Services by Foreign Firms Starting Oct 1, 2023

  Bimal Jain    03 October 2023 at 12:06

GST chargeable on OIDAR services by foreign firms to individuals & Govt irrespective of any usage w.e.f. 1st Oct 2023



No IGST on Ocean Freight in CIF Contracts: Changes Notified

  Bimal Jain    30 September 2023 at 09:52

Stay informed about the latest updates in CIF contracts as the government announces changes exempting IGST on ocean freight. Learn how these changes may impact your international trade agreements.



Setting up of the GST Appellate Tribunal: Are We Ready?

  Bimal Jain    23 June 2023 at 14:20

Tribunals are judicial institutions established by law, to provide a platform for expedited and specialized expertise in the process of adjudication.



Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha

  Bimal Jain    25 March 2023 at 11:42

Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha



Activities to be undertaken for GST Compliances of FY 2022-23 in March 2023

  Bimal Jain    14 March 2023 at 11:04

We have listed down certain important activities for the smooth transition/ closure of FY 2022-23



Key highlights of the proposed Customs & Excise changes in Union Budget 2023-24

  Bimal Jain    02 February 2023 at 14:29

The Finance Minister has introduced the Finance Bill, 2023 in Lok Sabha today, that is February 1, 2023. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023.



Key highlights of the proposed Income Tax changes in Union Budget 2023-24

  Bimal Jain    02 February 2023 at 13:53

The provisions of Finance Bill, 2023, relating todirect taxes seek to amend the Income-tax Act, 1961 ("the IT Act"), to continue reforms in direct tax system through tax reliefs, removing difficulties faced by taxpayers and rationalization of various provisions.