DGFT issues clarification on the closure of Advance Authorisation through online system
Directorate General of Foreign Trade (DGFT) in its recent trade notice has issued clarification on difficulties faced by the exporters in closing […]
CBDT issues extension in timeline for furnishing report under Form 56F by the newly established entities operating in Free Trade Zones
Central Board of Direct Taxes (CBDT) in its recent circular has issued extension in timeline for furnishing report under Form 56F by […]
Key amendments proposed under direct and indirect taxes in the Finance Bill, 2025-26
Finance Bill, 2025 has been introduced in the Lok Sabha on 01st February, 2025 and has proposed various amendments under Direct and […]
Key highlights on the outcome of the 55th GST Council Meeting
GST Council held its 55th meeting at Jaisalmer. In the meeting, GST Council has recommended changes related to GST tax rates, measures […]
CBDT notifies procedure for making declaration and furnishing undertaking under The Direct Tax Vivad Se Vishwas Rules, 2024
Central Board of Direct Taxes has issued Notification No. 4 of 2024 for the procedure for making declaration and furnishing undertaking in […]
Goods and Services Tax Network issues draft manual on Invoice Management System
Goods and Services Tax Network (“GSTN”) in its recent update has issued a detailed draft manual on Invoice Management System (IMS) in […]
Key highlights on the outcome of the 54th GST Council Meeting
GST Council held its 54th meeting at New Delhi. In the meeting, GST Council has recommended changes related to GST tax rates, […]
Key amendments proposed under direct and indirect taxes in the Finance Bill, 2024-25
Finance Bill, 2024 has been introduced in the Lok Sabha on 23rd July, 2024 and has proposed various amendments under Direct and […]
Central Board of Direct Taxes (CBDT) issues clarification on time limit for verification of Income Tax return post uploading
Central Board of Direct Taxes (CBDT) has issued Notification No. 2/2024 to provide clarification on time limit for verification of Income Tax […]
Central Board of Direct Taxes (CBDT) issues order on withdrawal of outstanding Income Tax demands
Central Board Direct Taxes (CBDT) has issued an order No. F. No. 375/02/2023 to waive the tax demands under specified Acts which […]
Key Highlights for Interim Budget 2024
Non-Tax Initiatives Proposals Expand and strengthen the electric vehicle (e-vehicle) ecosystem by supporting manufacturing and charging infrastructure. Investment in post-harvest activities including […]
DGFT notified the import policy of Used IT assets from SEZ to DTA
Directorate General of Foreign Trade (DGFT) has issued a Notification No. 56/2023 to amend Para 2.31 of Foreign Trade Policy, 2023 to […]