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CBIC Notifies Reduction in Rate of Certain Goods as per GST Council’s Decision [Read Notification]

Rasheela Basheer

The Central Board of Indirect Taxes and Customs (CBIC) has notified the reduction in rate of goods as recommended by the 48th Goods and Services Tax...

No Claim Bonus offered by Insurance Companies Outside the Ambit of GST: GST Council Clarifies

GST Council Recommends New GST Provision for Reversal of ITC In case of Non-Payment of Tax by...

CBIC celebrates completion of 60 years of Customs Act, 1962

GST levy on ‘Pre-packaged and Labelled Goods”: FM Nirmala Sitharaman Clarifies 'The Move aims at...

Finance Minister invites Written Representations regarding Glitches on New Income Tax Portal

The Finance Minister Nirmala Sitharaman has invited Written Representations regarding Glitches on New Income Tax Portal. The Finance Minister Tweeted that, Written representations are invited...

Taxpayers faces 25 glitches in New Income Tax Portal 2.0

The Income Tax Department has launched its new e-filing portal on June 7, replete with new features which are expected to make the ITR process much easier and faster. However, several individuals...

Taxpayers- Income Tax Portal 2.0 - Taxscan

The Wait is Over: GST Council to meet on May 28th

After a long gap of seven months, the GST Council is finally scheduled on 28th May 2021, confirmed by Finance Minister Nirmala Sitharaman's office today. Reportedly, the Union Minister will chair the...

Lok Sabha Passes Finance Bill 2021 with Amendments

The Lok Sabha today passed the Finance Bill, 2021, which gives effect to the financial proposals of the central government for the financial year 2021-22. Finance Minister Nirmala Sitharaman...

No escape for those filing fake GST invoices as Budget 2021 empowers Authority to Attach Assets

The Finance Minister, Nirmala Sitaraman while presenting the Budget 2021-22 urged the provisional attachment of the assets of the individual who has hands behind the bogus GST invoices exceeding Rs....

Budget 2021: Govt. suspends Anti-Dumping Duty on Imports of Steel Products from various nations including China [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) notified the revocation of anti-dumping duty on various steel products. Firstly, the government announced in its annual budget that it would...

Budget 2021 proposes Setting up the Dispute Resolution Committee [Read Finance Bill]

The Union Budget 2021 has proposed to set up a Dispute Resolution Committee for small taxpayers. The provision is aimed to help people with a taxable income up to Rs. 50 lakh and disputed income up...

Budget 2021 - Dispute Resolution Committee - Taxscan

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