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Govt - notifies - Nill - Rate - Windfall - Tax - Crude - Oil - Production - TAXSCAN

Govt notifies Nill Rate Windfall Tax on Crude Oil Production

Yogitha S. Yogesh

The Indian Government has announced the removal of windfall tax on crude oil production at a Nil rate effective from Tuesday from the former rate...

Urea - Importation - Govt - Account - DGFT - Notifies - TAXSCAN

Urea Importation on Govt Account allows through Indian Potash Ltd: DGFT Notifies

Non-Implementation of DRP Directions by AO is a “Very Disturbing Trend”: ITAT directs Govt to Issue...

Govt allows Rupee Settlement in Export Promotion Schemes [Read Notification]

Income Tax Authorities are Govt Servants Expected to be Live and Alert to Citizen: ITAT slams Action...

Govt to Decriminalize GST Offences Soon: Revenue Secretary Tarun Bajaj

Revenue Secretary Tarun Bajaj has said that the government will soon come out with norms for decriminalising offences under Goods & Services Tax (GST). In an interview to business line, he...

Govt mandates Physical Verification of Address while Company Formation [Read Notification]

In a significant amendment, the Ministry of Corporate Affairs (MCA), while notifying Companies (Incorporation) Third Amendment Rules, 2022, has mandated the physical verification of the address while...

No Extension for Income Tax Return filing Due Date: Govt Clarifies

The Central Government has clarified that there will not be any extension for the income tax return filing for the year 2022-23. “Government not considering extending July 31 deadline for filing...

Govt extends RoSCTL (Rebate of State and Central Taxes and Levies) Scheme till March 31

With a view to boost exports and job creation in the textile sector, the government has approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) with the same...

Govt notifies Nil Excise Duty Rate for Ethanol Blended Petrol [Read Notification]

The Central Board of Indirect taxes and Customs (CBIC) has notified nil central excise duty rate for the products ethanol-blended petrol. As per the notification of the Board published on Monday,...

GST: Govt reminds E-Com Operators to file TCS Return by 10th June

The Goods and Service Tax Network (GSTN) has reminded the e-commerce operators to file TCS return in form GSTR-8 on before 10th June 2022, as the due date is nearby. In an advisory published in...

GST: Govt may exclude Small E-Commerce Sellers from Registration

In a major relief to small businesses hit by the COVID-19 pandemic, the Government is reportedly considering excluding small online sellers from the ambit of GST registration. Presently, all...