Daily Updates

GST: Recovery interest on net cash tax liability w.e.f. 01.07.2017: CBIC  F.No. CBEC- 20/01/08/2019-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing Room No. 159A, North Block, New Delhi, Dated: 18th September, 2020 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax …

GST: Recovery interest on net cash tax liability w.e.f. 01.07.2017: CBIC F. No. CBEC- 20/01/08/2019-GST (21.09.2020) Read More »

De-linking of Credit & Debit Notes have been implemented on GST portal / production API by GSTN. Going forward ,references to original invoices would not be required to be furnished for credit / debit notes.  

Relaxation of additional fees and extension of last date of filing CRA -04 for FY 2019-20

Extension of time for holding Annual General Meeting 

Custom appeals officers Jurisdiction for bill of entry or Goods warehousing-Reg.

Undertaking Valuation Assignment in CIRP before Registering as valuer violates Model Code of Conduct

Valuers registered with IBBI under MCA Rules can only be appointed as IP

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…