Faceless tax assessment creating chaos and legal log jam, alleges industry
In a bid to ensure the effective implementation of a faceless tax assessment facility of the Income Tax Department, the […]
Income Tax, News
CBIC, IBC, Important Pronouncements
Dues of the CBIC, Department of Revenue will be paid as per the waterfall mechanism stipulated under the IBC
The Hon’ble Supreme Court in the case of Principal Commissioner of Customs v. Rajendra Prasad Tak & Ors [Civil Appeal
GST Law, Important Pronouncements
GST Council Can Recommend Rates, But Can’t Determine Classification: High Court Allows Petition Challenging Flavoured Milk Classification
The Hon’ble Madras High Court in the case of M/s. Parle Agro Private Limited v. Union of India & Ors.
GST Law, Press Release, Press Release
Remarkable Revenue Surge: Tirupati Commissionerate’s 300% Growth under GST, Recognized by Union Finance Minister and CBIC Officials
Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman gave a virtual address on the occasion of Bhoomi Pooja and
DGFT, Notification And Circular, Notification and Circular
DGFT Trade Notice: Import Guidelines for Calcined Petroleum Coke (CPC) Manufacturers in Compliance with Supreme Court Order
The DGFT issued Trade Notice No. 34/2023-24 dated November 16, 2023 regarding the Notice for Calcined Petroleum Coke (CPC) Manufacturers
GST Recent News
Helmet Manufacturers Demand Lowering Of GST To 5%
In an effort to boost road safety, helmet makers are advocating for stricter implementation of the Central Motor Vehicles Act
CBDT Notification, Notification And Circular, Notification and Circular
CBDT issued Instructions on Revised Timelines and Limits for Withholding Refunds
The CBDT issued Instruction No. 02/2023 dated November 10, 2023 regarding the revision of timelines and monetary limits as well
export import, News
New tax refund scheme for exports faces US, EU action
At least two Indian products are facing anti-subsidy action in the form of countervailing duty (CVD) in the US and
Income Tax, News
I-T department seizes cash ahead of Assembly elections in five States
In the run-up to the Assembly elections in five States, the income tax department has seized more unexplained cash as compared to
Customs, Notification And Circular, Notification and Circular
CBIC issued an order under rule 5 of the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 for Stainless Steel of J3 grade
The CBIC issued CAVR Order No. 02/2023-Customs dated November 15, 2023 under rule 5 of the Customs (Assistance in Value