E-way bills for inter-state commerce up 36% on-year in June
E-way bills generated by businesses for inter-state commerce in June were up 1.2% on-month and 36.2% on-year, suggesting that July […]
GST Recent News
Important News
CBDT enabled filing of ITR-U on Income Tax e-filing portal for AY 2020-21 and AY 2021-22 using Excel utility for ITR-2 and ITR-3
The Central Board of Direct Taxes (“CBDT”) has enabled the filing of ITR-U on the Income Tax e-filing portal for
GST Recent News
GST: Mandatory e-invoicing for companies with Rs 5 crore sales from January 1, 2023
The GST e-invoicing will likely be mandatory for firms with a turnover of over Rs 5 crore from January 1,
Notification And Circular, Notification and Circular
Inapplicability of MOOWR licence for warehousing of solar power generating units or items like Solar Panel, Solar Cell etc. for Power Plants with resulting goods ‘electricity’
The CBIC issued Instruction No. 13/2022 dated July 09, 2022 regarding the in-applicability of Manufacture and Other Operations in Warehouse
Notification and Circular, Notification And Circular
DGFT unrestricted the Export Policy of Wheat Flour (atta) w.e.f. July 12, 2022
The DGFT vide Notification No. 18/2015-2020 dated July 06, 2022 has issued amendments in the Export Policy of Wheat Flour
GST Recent News
Har Ghar Tiranga: No GST on sale of national flag, says Finance Ministry
Sale of the Indian national flag, irrespective of whether machine made or of polyester, is exempt from the Goods and
Notification And Circular, Notification and Circular
DGFT removed minimum 15 days prior SIMS registration requirement
The DGFT vide Notification No. 19/2015-2020 dated July 07, 2022 has issued amendments in the registration time period of the Steel
Notification And Circular, Notification and Circular
DGFT synced the ITC (HS), 2022- Schedule-1 (Import Policy) with the Finance Act, 2022
The DGFT vide Notification No. 20/2015-2020 dated July 07, 2022 has issued amendments in ITC(HS) 2022, Schedule-I (Import Policy)’ under the Foreign
GST Recent News
GST lens on bank arms using parent’s brand name, log or tagline
Some top financial institutions have come under the taxman’s lens for goods and services tax (GST) on royalty from subsidiaries
Important News
CBDT released Excel Offline Utility for preparing and filing ITR-7 for AY 2022-23
The Central Board of Direct Taxes (“CBDT”) has released Excel Offline Utility dated July 06, 2022 for the preparation and