Fan manufacturers want GST for sector to be lowered to 5% from 18%
Indian fan manufacturers on Thursday sought lower GST rate at 5 percent on fans, saying the existing 18 percent tax […]
GST Recent News, News
GST Recent News, News
FM Sitharaman: GST Council to take call on funding compensation shortfall
Finance Minister Nirmala Sitharaman on Friday said the GST Council will arrive at a common ground on ways to compensate
GST Recent News, News
E-way bill generation touches nearly 90% of pre-Covid period
E-way bill, in value terms, has reached nearly 90 percent of pre-Covid period. According to latest data, total number of
Important News, News
E Way Bill System downtime is scheduled between 12:00 mid night to 8:00 AM on September 20, 2020
This is to inform to all E Way Bill users that downtime of all the E Way Bill operations is
GST Recent News, News
Industry bodies and MNCs seek deferment of mandatory e-invoicing till January 01, 2021
Industry bodies and multinational companies have sought deferment of mandatory e-invoicing till January 01 next year, seeking more time to
GST Recent News, Important News
GSTN issued Advisory on Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register
An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in
Notification And Circular, Notification and Circular
DGFT Inserts Policy Condition in Chapter 85 and Chapter 94 of ITC (HS), 2017, Schedule – I (Import Policy)
DGFT vide Notification No. 32/2015-2020 dated September 17, 2020 has provided for insertion of policy condition in chapter 85 and
Press Release, Press Release
Implementation of the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 w.e.f September 21, 2020
The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on August 21, 2020, shall come into
Notification And Circular, Notification and Circular
CBIC issues Instructions to Recover Interest on Net Cash Tax Liability w.e.f. July 01, 2017
CBIC vide F. No. CBEC-20/01/08/2019-GST dated September 18, 2020 has provided for Administrative instructions for recovery of interest on net cash tax liability
Press Release, Press Release
Tax tribunals announce new methods of dispensing justice with aggresive use of IT techniques
The Income Tax Appellate Tribunal, a statutory quasi-judicial institution created under the Income Tax Act, 1961 and the second appellate