Specific transactions that do not require eway bill

Specific goods that are exempt from E-waybill rules are: Transportation of those goods laid down in the annexure to rules as specified below: Liquefied petroleum gas for supply to household and non-domestic exempted category customers Kerosene oil sold under Public Distribution System (PDS) Postal baggage transported by Department of Posts Natural […]

Budget 2022 Highlights

Direct Taxes – Income Tax A new provision is introduced to allow taxpayers to update the past return and include omitted income by payment of additional tax. The updated return can be filed within 2 years from the end of the relevant assessment year. Tax incentives extended by 1 year for […]

Recommendations of 43rd GST Council meeting

Ministry of Finance Recommendations of 43rd GST Council meeting COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST upto 31.08.2021 Custom duty exemption also given to Amphotericin B Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns ; Late fee also […]

Clarification of issues relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017, cumulatively for the months of February, 2020 to August, 2020

Circular No. 142/12/2020- GST Page 1 of 3 F. No. CBIC/20/06/14/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, the 9th October, 2020 To The Pr. Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central […]

40th GST Council

Ministry of Finance Recommendations of GST council related to Law & Procedure Posted On: 12 JUN 2020 4:08PM by PIB Delhi The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union […]

Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19

Following measures were announced today:- Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs To provide relief to the business, additional working capital finance of 20% of the outstanding credit as on 29 February 2020, in the form of a Term Loan at a concessional rate of interest will be provided. This […]