Govt will take appropriate decision in March-April on lifting wheat export ban: DGFT chief
The Director General of Foreign Trade Santosh Kumar Sarangi on Thursday said the government will take an appropriate decision on […]
DGFT, News
GST Recent News
Samsung exploring ‘legal opinion’ after DRI’s Rs 1,728.47 crore tax evasion notice
Samsung India Electronics is exploring legal options after a show-cause notice was issued against it by the Directorate of Revenue
GST Portal Updates, GST Portal Updates, Important News
GSTN issued Advisory on “Initiating Drop Proceeding” by taxpayers
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated January 12, 2023 on “Initiating Drop Proceeding” by taxpayers
Income Tax, Press Release, Press Release
Direct Tax Collections for Financial Year 2022-23 up to January 10, 2023
The provisional figures of Direct Tax collections up to January 10, 2023 continue to register steady growth. Direct Tax collections
Advance Ruling-New
No GST payable on washed/rejected coal from washery on which Compensation Cess is paid and ITC is not availed
The AAR, Chhattisgarh in the matter of M/s Parsakente Collieries Limited [Advance Ruling No. STC/AAR/08/2021 dated December 17, 2021] has
GST Recent News
Budget 2023 Expectations: Consumer durables industry hopes for lower GST on appliances, larger stimulus to improve demand
After witnessing a low growth post the Covid-19 pandemic, the consumer durables and electronics industry has considerably put itself back
News
Budget 2023: Bibek Debroy hopes for move towards exemption-less tax system
India’s upcoming Union Budget should hopefully incentivize taxpayers to move towards an exemption-less direct tax system, which would increase revenue, broaden the
GST Law, Important Pronouncements
Reasoned assessment order to be passed dealing with all aspects of the matter
The Hon’ble Gujarat High Court in M.P. Commodities Pvt. Ltd. v. State of Gujarat [R/Special Civil Application No. 3796 of
Income Tax News, News
PAN as single business ID set to get legal backing in Budget 2023-24
The Union Budget 2023-24 is likely to roll out the legal and operational framework for adopting the permanent account number
CBIC, Notification and Circular, Notification And Circular
CBIC issued a Circular on the Faceless Assessment for Standard Examination Orders via Risk Management System
The CBIC issued Circular No. 02/2023-Customs dated January 11, 2023 regarding the Faceless Assessment for Standard Examination Orders via Risk