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Ministry of Finance releases the Customs Authority for Advance Rulings Regulations, 2021
05 January 2021 at 10:08The Department of Revenue, Ministry of Finance has released the Customs Authority for Advance Rulings Regulations, 2021. Read the official announcement and provisions of the newly released Regulations here.
Central Government releases the Central Goods and Services Tax (Amendment) Rules, 2021
05 January 2021 at 10:08CBIC has amended the Central Goods and Services Tax Rules, 2017, and has released the Central Goods and Services Tax (Amendment) Rules, 2021. Read the official announcement and the amendments made in the Rules here.
10th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
05 January 2021 at 10:08A total amount of Rs.60,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States
Income Tax Department releases a calendar to make the tax journey of taxpayers easier
04 January 2021 at 11:26The Income Tax Department has released a calendar in order to make the tax journey of taxpayers easier. This has been done as part of the Income Tax Department's ‘Transparent Taxation- Honoring The Honest’ initiative wherein, taxes are made untaxing.
ICMAI debars certain students for adopting unfair means in the online examination of 03/01/2021
04 January 2021 at 11:26The Institute of Cost and Management Accountants of India has debarred certain students for 5 terms, for adopting unfair means in the online examination of 03/01/2021.
CBIC eases the accreditation requirements for MSMEs AEO T1 & T2 certification
04 January 2021 at 11:26The Central Board of Indirect Taxes and Customs has eased the accreditation requirements for MSMEs AEO T1 & T2 certification, which further offers them 9 exclusive benefits.
CBIC explains about the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
04 January 2021 at 11:26The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released a poster, explaining the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, which is made applicable w.e.f 1st January 2021 onwards.
CGST Delhi West Commissionerate arrests one for duty evasion of around Rs 831.72 crores
04 January 2021 at 11:26The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty.
Income Tax Department requests taxpayers to use the latest Income Tax Utilities to avoid interest/fee u/s 234F/234A
04 January 2021 at 11:26The Income Tax Department, via their official Twitter handle, has asked the taxpayers and professionals to use the latest income tax utilities, which have been available w.e.f 1st January 2021 to avoid interest/fee u/s 234F/234A
#Extend_CFSS trends on Twitter, as professionals demand the same
04 January 2021 at 10:02Taxpayers and professionals across the country have requested for an extension in the Companies Fresh Start Scheme, and have used the #Extend_CFSS to showcase their demands.
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