Healthy GST revenue, PMI data show recovery is on
Two sets of data released on Tuesday indicated India’s economy may be on the mend. For one, Goods and Services Tax […]
GST Recent News, News
Press Release, Press Release
Chhattisgarh choose Option-1 to meet the GST implementation shortfall
The Government of Chhattisgarh has communicated its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation.
Notification and Circular, Notification And Circular
CBIC notifies 8 digit HSN for certain chemicals & chemical products
The CBIC vide Notification No. 90/2020–Central Tax, dated December 01, 2020, notified that it is mandatory for a registered person
Notification And Circular, Notification and Circular
DGFT added Hazira Port as designed port in Para 2.54 (d) (iv) of Handbook of Procedure, 2015-2020
The DGFT issued Public Notice No. 31/2015-2020 dated December 01, 2020 for Enlistment as designated port in Para 2.54 (d) (iv)
News
Manufacturing activity loses momentum, still shows handsome growth in November; PMI at 56.3
The manufacturing activity in the month of November was at a three-month low; still, it has significantly expanded. The manufacturing
News, Press Release, Press Release
Investors repose faith in India’s growth story despite Covid: Govt
The finance ministry on Tuesday said investors continue to trust the Indian growth story despite Covid-19, and rolled out statistics
News
Exports dip 17.84 percent in April-November this fiscal: Commerce Secretary Anup Wadhawan
The country’s exports declined by 17.84 percent during April-November this fiscal while imports contracted by 33.56 percent in the same
Important News, News
CBDT has issued refunds of over Rs. 1,40,210 crore to more than 59.68 lakh taxpayers between April 01, 2020 to December 01, 2020
As per the recent tweet of Income Tax India, the CBDT issues refunds of over Rs. 1,40,210 crore to more than
Press Release, Press Release
GST collection in the month of November, 2020 is ₹1,04,963 crore
The gross GST revenue collected in the month of November, 2020 is ₹ 1,04,963 crore of which CGST is ₹
Important Pronouncements
GST is to be levied on charges collected from Members by Co-operative Housing Societies
The Hon’ble AAAR, Maharashtra, in the matter of Apsara Co-operative Housing Society Ltd. [Order No. MAH/AAA/RS-SK/28/2020-21, dated November 5, 2020]