ITC cannot be disallowed if genuineness of transaction is established: Calcutta HC
In a huge relief to businesses, the Calcutta High Court has ruled that taxpayers shouldn’t be denied the benefit of […]
GST Recent News
News
FIEO seeks SOPs for overseas marketing of exports
Encouragement to overseas marketing for exports, fiscal and tax support to address logistics challenges and developing an Indian shipping line
News
Govt rules out hike in minimum selling price of sugar; eyes boost in exports
Putting speculations to rest, Food Secretary Sudhanshu Pandey today ruled out a hike in the minimum selling price of sugar
Important News
A list of GSTINs generating IRN has been issued by NIC
National Informatics Centre (“NIC”) has issued a list of GSTINs updated till December 16, 2021 generating Invoice Reference Number (“IRN”).
Press Release, Press Release
Delhi Customs seize outbound undeclared diamonds valued at Rs. 1.56 crore
The Delhi Customs on December 16, 2021 seized a consignment of diamonds being sent out of India, having 1,082 carat
GST Recent News
IGST on ocean freight can’t be imposed on importers, companies tell SC
Importers have argued against the imposition of integrated goods and services tax (IGST) on ocean freight in the Supreme Court on Thursday.
GST Recent News
CAG: Rs 1,400 cr loss in 2,805 tax cases due to assessment/ short levy/ loss of revenue
The Comptroller and Auditor General (CAG) has revealed 2,805 cases of under assessment/ short levy/ loss of revenue, amounting to
Press Release, Press Release
Net Direct Tax collections for the F.Y. 2021-22 grown at robust pace at more than 60%
The figures of Direct Tax collections for the Financial Year 2021-22, as on December 16, 2021 show that net collections are at Rs.
Notification And Circular, Notification and Circular
Request for data for determination of RoDTEP rates for AA/ EoU/ SEZ exports
The CBIC (Drawback Division) issued Letter vide F. No. 605/19/2021-DBK/1121 to 1192 dated December 16, 2021 requesting trade bodies to
Notification And Circular, Notification and Circular
Request for data for determination of RoDTEP rates for AA/ EoU/ SEZ exports
The CBIC (Drawback Division) issued Letter vide F. No. 605/19/2021-DBK/1121 to 1192 dated December 16, 2021 requesting trade bodies to