Sabka Vishwas (Legacy Dispute Resolution) Scheme has received a huge response with almost 73% of the total eligible taxpayers availed the Scheme and have committed to pay tax dues of Rs. 30,627 Crores. Keeping in view the response of the taxpayers to the Scheme, the Central Government today extended it for a period of fifteen days, till 15th January, 2020. This is one-time and final extension in view of taxpayers’ response. CBIC said today that out of the total 1.84 lakh taxpayers who are eligible to avail the Scheme, as many as 1,33,661 taxpayers have so far submitted their..
Attention GST Taxpayers Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019: A One Stop Solution for Tax Dispute Resolution is launching today. Attention: Assessees having Central Excise & Service Tax Disputes, Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 will be valid till 31st December, 2019. Avail the benefits of t..
Information w.r.t SVLDRS - effective from 01.09.2019..
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 impact of rising international prices of crude petroleum oil and petrol and diesel on Retail Sale Prices of Petrol and Diesel as well as to protect the interest of common man. <p style="text-align: ..
40 Officers of the Customs & Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service. 1. Every year, the Officers of the Board of Customs & Central Excise, Department of Revenue are considered for grant of Presidential Award of Appreciation Certificate for ‘exceptionally meritorious service rendered at the risk of life’ and for Presidential Award of Appreciation Certificate for ‘specially distinguished record of service’ on th..
Investment subsidy by State Govt. - Whether excise duty is payable..
Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017. The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. Along with this, the Government has also laid increased emphasis on promoting digital payments. Point of Sale (POS) devices are used for cashless transactions, both for making payments or disbursing cash. POS do not attrac..
Circular No. 1049/37/2016-CX F. NO. 267/40/2016-CX.8 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi, dated the 29thSeptember, 2016 To, All principal Chief Commissioners/Chief Commissio..
The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business. Not only this has the seizure of cash also..
This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry...
In this year�s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs]and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than s..
Union budget 2016-17 has introduced levy of excise duty on making of jewellery. With the levy, jewellers feared that the �Inspector rajya� would be back and this fear led to a widespread outrage among the jewellers for non acceptance of l..