MM TAX CLUB

he All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) for the month of August, 2023 increased by 9 points and 8 points respectively to stand at 1224 (One thousand two hundred and twenty four) and 1234 (One thousand two hundred and thirty four) points respectively. The major contribution towards the rise in general index of Agricultural Labourers and Rural Labourers came from food group to the extent of 8.38 and 7.69 points respectively mainly due to increase in prices of rice, wheat atta, pulses, milk, meat-goat, sugar, gur, chillies-dry, turmeric, garlic, onion, mixed spices, etc.

The rise in index varied from State to State. In case of Agricultural Labourers, it recorded an increase of 2 to 19 points in 20 States. Tamilnadu with 1423 points topped the index table whereas Himachal pradesh with 942 points stood at the bottom.

In case of Rural Labourers, it recorded an increase of 2 to 18 points in 20 States. Andhra Pradesh with 1412 points topped the index table whereas Himachal pradesh with 1003 points stood at the bottom.

Amongst states, the maximum increase in the Consumer Price Index Numbers for Agricultural Labourers was experienced by Meghalaya (19 points) and for Rural Labourers by Gujarat and Meghalaya (18 points each) mainly due to rise in the prices of rice, pulses, beef, groundnut oil, onion, chillies green/dry, firewood, bus fare, etc.

Point to point rate of inflation based on the CPI-AL and CPI-RL stood at 7.37% and 7.12% in August, 2023 compared to 7.43% and 7.26% respectively in July, 2023 and 6.94% & 7.26% respectively during the corresponding month of the previous year. Similarly, Food inflation stood at 8.89% and 8.64% in August, 2023 compared to 8.88% and 8.63% respectively in July, 2023 and 6.16% & 6.21% respectively during the corresponding month of the previous year.

All-India Consumer Price Index Number (General & Group-wise):

The CPI – AL and RL for the month of September, 2023 will be released on 20th October, 2023.

Notification dated 19^th September 2023

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

(43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Uttar Pradesh Expressways Industrial Development Authority’ (PAN AAALU0121E), an Authority constituted by the State government of Uttar Pradesh, in respect of the following specified income arising to that Authority, namely:

1. grants received from the state government;
2. moneys received from the disposal of land, building and other properties, movable and immovable;
3. moneys received by way of rent & fees or any other charges from the disposal of land, building and other properties, movable and immovable;
4. Income earned from Tender Fees, Document Fees, License Fees; and
5. Interest earned on funds deposited in the banks and on (a) to (d) above.

2. This notification shall be effective subject to Uttar Pradesh Expressways Industrial Development Authority:-

(a) shall not engage in any commercial activity;

 (b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and

(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of

section 139 of the Income-tax Act, 1961.

The GST e-invoice System vide Update dated September 14, 2023 issued a clarification on e-Invoicing for Government Supplies. 

GST Policy Wing has issued the clarification on the applicability of the e-invoicing to the supplies made to the Government departments or agencies, through Circular No. 198/10/2023-GST dated: July 17, 2023.

Government departments or establishments / Government agencies / local authorities / PSUs, which are required to deduct tax at source as per provisions of section 51 of the CGST/SGST Act, are liable for compulsory in accordance with section 24(vi) of the CGST Act. Therefore, Government departments or establishments / Government agencies / l registrationocal authorities / PSUs, registered solely for the purpose of deduction of tax at source as per provisions of section 51 of the CGST Act, are to be treated as registered persons under the GST law as per provisions of clause (94) of section 2 of CGST Act. Accordingly, the registered person, whose turnover exceeds the prescribed threshold for generation of e-invoicing, is required to issue e-invoices for the supplies made to such Government departments or establishments / government agencies / local authorities / PSUs, etc under rule 48(4) of CGST Rules.

It is advised hereby that the tax payers, notified for generation of e-invoices and supplying goods or services to government departments / agencies, need to generate B2B e-Invoices with the GSTIN of the Government department / agency. 

CBIC disposes off 11,284 public grievances and more than 2,082 public grievance appeals between Nov. 2022 and August, 2023, besides 195 outdoor campaigns across all CBIC field offices under Special Campaign 2.0 for Swachhata

With 86,000 files weeded out, CBIC largely transitions over to e-Office to reduce physical files

Special Campaign 3.0 for Swachhata with focus on minimising pendency of identified items of work from 2nd-31st October 2023

The Central Board of Indirect Taxes and Customs (CBIC) participated with great vigour in the Special Campaign on Disposal of Pending Matters (SCPDM), from November, 2022 to August, 2023. The special focus of the campaign was disposal of VIP references and Public Grievances. 80 VIP references, 11,284 Public Grievances and more than 2,082 Public Grievance Appeals were disposed off during this period. Moreover, a nation-wide cleanliness drive was also organised across all field offices of CBIC. 195 outdoor campaigns have been conducted till now.

During the campaign period, about 1 lakh files were reviewed, out of which about 86,000 files were weeded out. Over the course of the year, due to continuing efforts, CBIC has largely transitioned over to e-Office due to which the number of physical files have been reduced to minimal.

Another identified area of focus was disposal of old/unused office equipment and scrap material and thus freeing up additional space. During the campaign period from November, 2022 to August, 2023, approx. 9,909 sq. ft. of space freed up by disposing of unused material/scrap. The additional space so created was put to productive use.

In order to give further impetus to the exercise, in line with the priorities of the Government, CBIC will undertake the Special Campaign 3.0 from 2nd October to 31st October 2023 for institutionalising Swachhata (cleanliness) and minimising pendency of identified items of work. CBIC, along with its field offices across India shall strive to dispose of the identified references/ issues during the campaign phase 2nd-31st October, 2023. CBIC remains committed to ensuring cleanliness and enhancing the quality of public spaces maintained by it.