The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with effect from 4th October, 2017; This major decision has been taken by the Government in order to cushion the
FM: To reduce tax slabs in case of GST, we have to become revenue neutral plus; Inspects the Passing-out Parade of 67th Batch of IRS(C&CE) and delivers Valedictory Address; Calls for fair implementation of tax laws; Releases NACIN Coffee Table Bo
Announcement for May 2018 & November 2018 IIPCEStudy Material applicable for IIPCC Paper 4: Taxation Students of IIPCC, appearing in May 2018 and November 2018 examinations, may note that the new Study Material for Intermediate Paper 4: Taxation
Announcement for Final (Old Course) Students appearing in May 2018 & November, 2018 ExaminationsStudy Materials applicable for Paper 7: Direct Tax Laws & Paper 8: Indirect Tax LawsStudents of Final (Old) Course, appearing in May, 2018 and Nov
Small exporters have brought to the notice of the Government the difficulties in furnishing bond with requisite bank guarantee. To facilitate exports under GST, it has been decided that the facility of furnishing Letter of Undertaking, in place of a
FM: Income Tax Department takes various initiatives to bring about efficiency, transparency, and fairness in Tax Administration; Government is committed to widen the tax base by encouraging and incentivising the new tax payers; Number of tax payers i
Rates of Interest on the various Small Savings Schemes for the Third Quarter of the Current Financial Year 2017-18 starting from 1st October, 2017 to remain unchanged. The Government of India has decided that the rates of interest on the various Smal
My dear professional colleagues,On 15th August 1947, India's first Prime Minister Shri Jawaharlal Nehru had proclaimed that our endeavours must aim to bring freedom and opportunity to the common man, fight and end poverty and ignorance, and bui
The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283
Notification Issued For GST Actionable Claim On Branded Food Products The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, inter alia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit co
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