The Central Board of Indirect Taxes and Customs has decided to roll out the faceless assessment at an all India level in all ports of import and for all imported goods by Oct 31.This includes faceless or anonymized assessment, self-registration of goods by importers, automated clearances of bills of entry, digitization of Customs documents.
The Government of Maharashtra has issued the notification under the MAHARASHTRA ELECTRICITY DUTY ACT, 2016 for fix the electricity duty shall be levied @ 7.50 percent of the consumption charges with effect from the billing month of August, 2020 for Industry. Existing rate is 9.30 %. Notification
Maharashtra Govt.has decided to temporarily reduce stamp duty on Flats…
DGFT Vide Notification No: 29 dated 25.08.2020 has removed restriction on export of PPE Medical Coveralls & 2/3 ply surgical Masks & allowed export of N-95 and equivalent masks under monthly quote.
Clarification on Extension of Annual General Meeting (AGM) for the FY ended on 31.3.2020 General Circular No. 28/2020
Revised guidelines for conduct of personal hearings in virtual mode under CGST Act, 2017, IGST Act, 2017, Cusdtoms Act , 1962 , Central Excise Act, 1944 and Chapter V of Finance Act , 1994 and Chapter V of Finance Act 1994 F.No. 390/Misc./3/2019-JC
E-INVOICE SANDBOX SYSTEM – (Testing tool for development of e-Invoice APIs) E-Invoice Sandbox System https://einv-apisandbox.nic.in provides the essential information for developers to integrate the e-Invoicing operations exposed by NIC-IRP through APIs with their respective ERPs and financial accounting systems. The home page is accessible from anywhere without any login and provides complete information on the …
Procedure of QR code in E-Invoice System
As per the GST Council direction, National Informatics Centre (NIC) has built the e-invoice system as per the latest e-invoice (IRN) schema published on the GSTN portal. As per the notification of GST (Notfn No. 61 dtd: 30th July, 2020), this system has been enabled for the taxpayers with PAN based turnover more than Rs …
As per GST Council direction, NIC has built the e-invoice system (17.8.2020) Read More »
Three new Members namely Shri. Ajay Jain, Shri. Vivek Johri and Ms. Sungita Sharma joins CBIC. Heartiest Congratulations from Team Bizsol.!!
Amendment in Export Policy of Basmati & Non-Basmati Rice which has been made free for specified countries
No Advance Authorisations will be granted, if Gold jewellery/articles manufactured by fully mechanised process
Revised procedure for Import of Pets / Live Animals has been specified for ease of doing business
GST Portal capacity has been increased to 3 lakh users from 1.5 lakh users.
E-invoicing schema notified (INV-01). CBIC has issued two notifications on 30.07.2020. Notification No. 60/2020 and 61/2020 Central Tax. e-invoice for assessee’s having turnover above 500 crore to be applicable from October 1 and SEZ units are excluded from e-invoicing.
SEBI extends Takeover and Buy-back Relaxations
