28 May Understanding GST Implications on Rice, Wheat, Cereals, and Flour
The implementation of the Goods and Services Tax (GST) in India brought significant changes to the taxation...
GST
27 May More steps needed to weed out fake ITC generators from GST system: CBIC member
More measures are needed to weed out fake input tax credit (ITC) generators from the system for checking tax...
26 May CBIC issued Circular on Foreign Trade Policy 2023
The Central Board of Indirect Taxes and Customs has issued a circular regarding the Foreign Trade Policy 2023 on ...
25 May GST Council is unlikely to take up any rate rationalisation at its upcoming 50th meeting
The Goods and Services Tax (GST) Council is unlikely to take up any rate rationalisation at its upcoming 50th...
25 May DPIIT seeks GST rate reduction for certain segments of leather sector
The Department for Promotion of Industry and Internal Trade (DPIIT) has sent proposals for reducing goods and...
25 May CBIC issued Circular on Amnesty scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders
CBIC has issued Circular No. 11/2023-Customs dated May 17, 2023 pertaining to Advance and Export Promotion...
25 May Key GST GoMs Likely To Be Reshuffled
The Goods and Services Tax Council will have to appoint a new chairperson for the key group of ministers (GoM)...
25 May E-invoice in GST: Know how enterprises with over Rs 5 cr turnover can generate e-invoice in GST
The Central Board of Indirect Taxes and Customs (CBIC) under the finance ministry through a notification last ...
22 May Windfall tax on crude oil down to nil from Rs 4,100 per tonne
The windfall tax on crude petroleum has been slashed to nil from Rs 4,100 per tonne, as per a notification...
22 May Finance companies ask RBI not to rename penal interest as `charges’ to avoid attracting GST
The Finance Industry Development Council, a representative body of NBFCs in India, has requested the Reserve...