Saturday, August 8, 2020

News Updates

Govt. extends Anti-Dumping Duty on Fluoroelastomers [Read Notification]

The Government of India, on Tuesday, extended Anti-Dumping duty on Fluoroelastomers (FKM). The department of revenue sought to amend notification No. 6/2019-Customs (ADD) dated 28th January 2019 to extend the levy of Anti-Dumping...

Govt. likely to announce Advance version of existing GST Return Filing system by October 1, 2020

The Central Government plans to improve the existing GST return filing system instead of rolling out a new model. The new system was supposed to be launched on 1 October this year. “The move...

CBIC revises Testing Requirement under Regulation of Import of Livestock products and Livestock Importation Act, 1898

The Central Board of Indirect Taxes and Customs (CBIC), on Monday, issued the instruction wherein it revised the Testing Requirement under Regulation of Import of Livestock products and Livestock Importation Act, 1898...

CBIC invites suggestions for Review of Customs Duty Exemption Notifications/Laws & Procedures at MyGov Innovate portal

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday invited the suggestions for review of Customs duty exemption notifications/laws & procedures at MyGov Innovate portal. The last date to submit the...

DGGI busts racket for Tax Evasion worth more than Rs 72 cr of clandestine Clearance of Cigarettes

Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled a racket of clandestine clearance of cigarettes through a factory run in Kota. Searches were...

CBIC & CBDT sign MoU to Facilitate Smoother Bilateral Exchange of Data

A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) today, for data exchange between the two...

ICAI to conduct Questionnaire Survey on Application of Accounting Standards

The Institute of Chartered Accountants of India( ICAI ) – Accounting standard board is conducting a Questionnaire Survey on the Application of Accounting Standards by Micro and Small Corporate entities. The survey...

Rajasthan Govt appoints Arvind Mishra as an Additional Commissioner at State Level Screening Committee on Anti-Profiteering

The Government of Rajasthan on Thursday appointed Arvind Mishra as an Additional Commissioner, State Tax to act as an officer of state government in the state level Screening Committee on Anti-Profiteering. The Chief...

Most Popular