India Aims For Fewer GST Slabs: Revenue Secretary Tarun Bajaj
GST has brought a lot of discipline in the financial dealings of the corporate/individual sector. A company like HUL or […]
GST Recent News
Notification And Circular, Notification and Circular
DGFT amends Appendix 3 (SCOMET Items) to Schedule 2 of the ITC (HS) Classification of Export and Import Items, 2018
The DGFT vide Notification No. 46/2015-2020 dated November 30, 2022 has been notified to amend Appendix 3 (SCOMET Items) to
GST Recent News
A private firm’s director and accountant were arrested in Chhattisgarh’s Raipur for passing on fake ITC worth Rs 1.92 cr
The director and accountant of a private firm were arrested in Chhattisgarh’s Raipur on Tuesday for evasion of the Good
News
Personal income tax regime needs a complete ‘reinvent’: Revenue Secretary Tarun Bajaj ahead of Budget 2023
Revenue Secretary Tarun Bajaj on Tuesday said that the personal income tax regime needs a complete reinvent and government should
Notification and Circular, Notification And Circular
CBIC exempts from maintaining deposits in ECL under Customs Act w.e.f. June 01, 2022 has been extended upto March 31, 2023
Background Section 51A of the Customs Act, 1962 (“the Customs Act”) requires every assessee to maintain Electronic Cash Ledger (“ECL”) in the customs portal.
Notification And Circular, Notification and Circular
Exemption from deposits in ECL for specified goods u/s 51A(4) of the Customs Act now w.e.f. April 1, 2023
Background The CBIC vide Notification No. 19/2022-Customs (N.T.) dated March 30, 2022, exempted the following deposits under Section 51A(4) of
GST Recent News
Proposal for clear GST structure for cryptos likely to be on the backburner
As cryptos lose sheen and exchanges shut shop, a proposal for a detailed and clearer structure for applicability of Goods
Important News
Today is the Last day to File TRAN-1/2 Forms, No Form will be accepted after November 30, 2022: GSTN reminds Taxpayers
A recent tweet by GST Tech (@Infosys_GSTN) stated that “Don’t wait for the last minute rush to file your TRAN-1/2
Notification And Circular, Notification and Circular
CBIC: SWIFT enhancements include the integration of ICEGATE with Animal Quarantine and Certification Services-Import Clearance System w.e.f. Dec 1, 2022
The CBIC has issued Circular No. 24/2022-Customs dated November 28, 2022 regarding the Single Window Interface for Facilitating Trade (“SWIFT”)
Important Pronouncements
Bombay HC orders restoration of GST registration cancelled u/s 29(1) of the CGST Act
The Hon’ble Bombay High Court (“the High Court”) in the case of M/s. Euro Pratik Sales Corporation [W.P No.3380 OF