Service rendered without element of any charge may not draw GST, says tax body
Service rendered by an individual or institution for facilitating overseas payments without any element of service charge may not be […]
GST Recent News
Notification And Circular, Notification and Circular
DGFT inviting suggestions regarding New Foreign Trade Policy 2021-26
The DGFT issued Trade Notice No. 09/2021-22 dated July 16, 2021 for inviting suggestions regarding New Foreign Trade Policy (“FTP”) 2021-26. The
GST Recent News
GST amnesty scheme will be easy, those with canceled registration can get a chance
Businessmen who are not able to take advantage of the amnesty scheme due to the cancellation of GST registration can
Notification And Circular, Notification and Circular
Implementation of RMS for processing of Duty Drawback claims
The CBIC issued Circular No. 15 /2021-Customs dated July 15, 2021 w.r.t. implementation of Risk Management System (“RMS”) for processing
GST Recent News
Gold trade racket evading GST detected
The Commissionerate police on Thursday detected a gold trading racket at Malgodown in Cuttack. The traders who were evading paying
Important News
CBDT issued refunds of over Rs. 38,950 crore to more than 19.59 lakh taxpayers between April 01, 2021 to July 12, 2021
As per the recent tweet of Income Tax India, the Central Board of Direct Taxes (CBDT) has issued refunds of over Rs. 38,950
Press Release, Press Release
₹75,000 crore released to States and UTs with Legislature as GST Compensation shortfall
Ministry of Finance has released today ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility
Press Release, Press Release
CBIC proactively put in place a COVID Response Plan (CRP) for speedy clearances of COVID-19 vaccines at all major airports
Recognizing that efficient and expeditious release of temperature-sensitive vaccines would be a critical requirement in the collective fight against the
GST Recent News
Import duty, GST to be waived for world’s most expensive drug for 2-year-old in Tamil Nadu
India’s finance ministry will be shortly issuing a formal order to waive off customs duty on a life-saving drug meant
GST Recent News
GST to be levied on the difference between purchasing, selling price of second hand gold jewellery, says Karnataka AAR
Karnataka’s Authority for Advance Ruling (AAR) has held that the difference between purchase price and selling price of second-hand jewellery