NAA: Starbucks fined for not passing on GST cut benefits
The National Anti-Profiteering Authority has fined Starbucks Rs 1.04 crore plus 18% interest for not passing on the benefit of […]
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CBDT has issued refunds of over Rs. 1,29,190 crore to more than 39.49 lakh taxpayers between April 01, 2020 to November 03, 2020
As per the recent tweet of Income Tax India, the CBDT issues refunds of over Rs. 1,29,190 crore to more
GST Recent News, News
GST: Madras HC order quashing levy of interest on ITC component
What could be seen as a significant relief to GST assesses, Madras High Court has set aside orders for levying
Press Release, Press Release
Factual position in respect to Service Charges levied by banks
There have been several media reports alluding to steep increase in service charges by certain Public Sector Banks (PSBs). In
Notification And Circular, Notification and Circular
CBIC issued Circular for Scheme for Rebate of State Levies (ROSL)
CBIC issued Circular No. 49/2020-Customs dated November 03, 2020 for Scheme for Rebate of State Levies (ROSL). As you are aware, Government had notified
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Gas, ATF may come into GST fold ahead of other petro products
At least two out of the five petroleum products, including aviation turbine fuel or ATF and natural gas, are likely to be among the
GST Recent News, News
In charts: Decoding the October GST collection data along with state-wise contribution
Goods and Services Tax (GST) collections in October 2020 were Rs 1.05 lakh crore, making it the first time monthly
Press Release, Press Release
PIB issued statistics of India’s Merchandise Trade Preliminary data for the month of October, 2020
India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, showing
News
Customs duty: Need judicious use, has to be phased out slowly
The government proposes to slowly phase out the hike in Customs duties levied earlier for protection of domestic manufacturing. High,
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Compliance Calendar for the month of November, 2020
Important dates in November, 2020 for compliance under GST are as follows: – Due Dates Forms Period Description November 11,