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CBIC Increases Special Additional Excise Duty on Production of Petroleum Crude - CBIC Increases Special Additional Excise Duty - CBIC - Special Additional Excise Duty - Excise Duty - Petroleum Crude - Taxscan

CBIC Increases Special Additional Excise Duty on Production of Petroleum Crude w.e.f. 15th July 2023 [Read Notification]

Navasree A.M

The Central Board of Indirect Taxes and Customs (CBIC) has sought to amend the notification no. 18/2022-Central Excise, dated the 19th July, 2022, to...

Important Update - Increased TCS rates - TCS rates - TCS - LRS - taxscan

Important Update: Increased TCS rates under LRS to apply from 1st October, 2023

Finance Ministry notifies Special Court - Finance Ministry - Special Court - Security Laws in Delhi - Security Laws - Laws - taxscan

Finance Ministry notifies Special Court under Security Laws in Delhi [Read Notification]

Vivad se Vishwas - Central Govt implements Vivad se Vishwas Scheme - Implementation of Vivad se Vishwas - Contract Dispute - Contract dispute vivad se vishwas - Contract Dispute resolution scheme - taxscan

Central Govt implements Vivad se Vishwas Scheme for Settlement of Contract Disputes [Read Memo]

Central Govt - Circular - Revision of KYC - AML - CFT norms - Post office Savings Bank - Taxscan

Central Govt issues Circulars on Revision of KYC, AML and CFT norms in respect of Post Office...

Finance Ministry releases FAQ clarifying TCS on LRS - PART 1

The amendment of Foreign Exchange Management (Current Account Transactions) Rules, 2000 on 16th May 2023 omitting Rule 7 led to several queries. The Ministry of Finance has released the Frequently...

Finance Ministry - Releases - FAQ - Clarify - TCS - LRS - Taxscan

CBIC reduces GST E-Invoice Applicability Threshold from 10 Crores to 5 Crores [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has reduced the applicability threshold for e-Invoices from Rs. 10 Crores to Rs. 5 Crores. The notification reduced the limit to include more...

NFRA Examines Proposals on New Standard for Accounting of Insurance Contracts viz. Ind AS 117

The National Financial Reporting Authority (NFRA) held a meeting to examine the proposals received from the Institute of Chartered Accountants of India (ICAI), as required u/s 133 of the Companies...

NFRA - New Standard for Accounting of Insurance Contracts - New Standard for Accounting - Proposals on New Standard - Insurance Contracts - taxscan

CBDT notifies Provisional Cost Inflation Index (CII) for FY 2023-24 [Read Notification]

The Central Board of Direct Taxes (CBDT) has notified the provisional cost inflation index for the Financial Year 2023-2024 or the Assessment Year 2024-2025 and subsequent Assessment Years. The...

Central Govt removes Export Duty of Rice in the Husk (paddy or rough), of seed qualit [Read Notification]

The Central Government has, through a notification in the official gazette, struck off the export duty on Rice of seed quality in the husk (paddy or rough). The exemption notification stated...

Central Govt - Export Duty of Rice - paddy - rough - seed quality -Rice in the Husk - taxscan

Central Govt hikes Windfall Tax on Petrol, scrapes Export Duty on ATF [Read Notification]

The Indian government has announced a slight increase in the windfall tax levied on domestically produced crude oil, from Rs. 4350 per tonne to Rs. 4400 per tonne. Meanwhile, the export duty on...

Central Govt - Windfall Tax - Petrol - Export Duty - ATF - Windfall Tax on Petrol- Export Duty on ATF - taxscan

CBIC notifies GST Applicable to Courts and Tribunals and other GST Amendments

The Central Board of Indirect Taxes and Customs (CBIC) has notified the Goods and Services Tax (GST) applicable to certain services provided by the courts and tribunals of the country. The...

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