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A quick grasp of the clarification circulars issued by CBIC on 31st Dec & 1st Jan 2019
On 31st December 2018, CBIC has issued multiple circulars to clarify various issues. Besides, CBIC also issued various notifications and orders to give effect t...
Understanding the HSN code
HSN or HS (Harmonized Commodity Description and Coding System) is a multipurpose international product nomenclature developed by the World Customs Organization ...
Job work transactions
Central Board of Excise and Customs (CBEC) has issued circular no. 38/12/2018 dated 26 March 2018, clarifying various issues pertaining to job work transactions...
Outcome of the 26th GST council meeting
In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June ...
Reverse Charge Mechanism deferred to 30th June 2018
GST Council in its 26th meeting held in New Delhi on 10th March, 2018 has made the following recommendations which are stated below: Return filing system:Due d...
Understanding E-way bill & information required for generating it
The provisions pertaining to the E-way bill for inter-State movement of goods will be effective from 01 February, 2018. In addition, E-way bills will also be re...
All about cryptocurrency
How could a purely digital currency and ledger system have any kind of measurable impact on the environment?To understand the environmental crisis we could be h...
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