Punjab exempts 1.5 lakh cases of traders from Form ‘C’ assessment
In a major reprieve to traders ahead of the assembly polls, the Punjab Cabinet on Wednesday decided to exempt about […]
GST Recent News
Notification and Circular, Notification And Circular
Revised user charges levied by NSDL for SEZ online services w.e.f. November 15, 2021
The Department of Commerce (SEZ Division) issued Circular vide No. K-43014(22)/32/2020-SEZ dated December 02, 2021 clarifying the revised user charges
Notification And Circular, Notification and Circular
CBIC instruction w.r.t. import of Sajji Khar/ Papad Khar
The CBIC issued Instruction No. 26/2021-Customs dated December 01, 2021 instructing that, import of Sajji Khar/ Papad Khar does not
Notification And Circular, Notification and Circular
CBIC instruction w.r.t. import of Sajji Khar/ Papad Khar
The CBIC issued Instruction No. 26/2021-Customs dated December 01, 2021 instructing that, import of Sajji Khar/ Papad Khar does not
Press Release, Press Release
₹1,31,526 crore gross GST revenue collected in November, 2021
The gross GST revenue collected in the month of November 2021 is ₹ 1,31,526 crore of which CGST is ₹ 23,978 crore,
Advance Ruling-New
Karnataka AAR ruled that 5% GST applicable on packed and branded Pushti
The Hon’ble Karnataka Authority for Advance Ruling (“the Karnataka AAR”) in the matter of M/s. Devanahalli and Hosakote Taluks MSPC
Press Release, Press Release
Govt. released Rs. 56,027 crore in order to clear pending export incentive dues to exporters
The government has released Rs 56,027 crore in order to clear pending export incentive dues to exporters, which is for
GST Recent News
Centre committed to compensate states for 5 yrs for revenue loss due to GST roll out: FM Nirmala Sitharaman
The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in
Important Pronouncements
ITAT directed AO to delete the additions made on account of capitalization of royalty expenses as they were revenue in nature
The Hon’ble Income Tax Appellate Tribunal, Delhi (“ITAT”) in the matter of Honda Motorcycle and Scooter India Pvt. Ltd. v.
GST Recent News
CBIC detects bogus tax credit claims worth ₹38,000 cr since last November
The Central Board of Indirect Taxes and Customs (CBIC) has since last November detected ₹38,000 crore of bogus claims from businesses