Posts In: Fiscal

Outcome of the 37th GST Council Meeting held on 20th September, 2019

September 21, 2019 Fiscal, Industries, states 0

The GST Council held its 37th meeting in Goa on 20th September, 2019. In the meeting, GST Council has broadly taken the following decisions –...

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Key announcements made by Finance Minister to make amendments in Income-tax Act 1961

September 21, 2019 Fiscal, Industries, states 0

Ministry of Finance has issued a press release dated 20th September, 2019 in order to make changes in the Income-tax Act 1961 and the Finance (No....

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Extension of due date for filing Kerala Flood Cess Return for the month of August, 2019

September 19, 2019 Fiscal, Industries, Kerala 0

State Goods and Services Tax Department – Government of Kerala has extended the last due date for filing of Kerala Flood Cess return in Form KFC-A...

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CBIC issues User Manual for taxpayers regarding Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

September 19, 2019 Fiscal, Industries, states 0

Central Board of Indirect Taxes and Customs (CBIC) has issued User Manual for taxpayers prescribing the procedure for how to view or take actions in...

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Key announcements made by Finance Minister on measures to boost exports

September 16, 2019 Fiscal, Industries, states 0

Press Information Bureau (PIB) has issued presentation dated 14th September, 2019 provided by Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman’s on measures...

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CBIC issues Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes

September 16, 2019 Fiscal, Industries, states 0

Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No 31/2019 -Customs in order to review the norms for execution of Bank Guarantee...

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CBDT introduces Electronic Assessment Scheme, 2019 to conduct faceless scrutiny assessment

September 13, 2019 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued Notification dated 12th September, 2019 to introduce E- assessment Scheme, 2019 under Section 143(3A) of the Income Tax Act,...

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CBDT prescribes procedure for identification and processing of cases for prosecution under Income Tax Act, 1961

September 12, 2019 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued Circular No. 24/2019 to relax criteria for launching prosecution in respect of certain offences and to ensure...

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Government of Kerala prescribes procedure for filing Kerala Flood Cess return and payment of Kerala Flood Cess

September 12, 2019 Fiscal, Industries, Kerala 2

State Goods and Services Tax Department – Government of Kerala has issued Kerala Flood Cess (KFC) Return Manual to prescribe the procedure for filing of...

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E-way bill cannot be generated 21st November, 2019 onwards if registered person has not furnished the returns for two consecutive tax period

September 11, 2019 Fiscal, Industries, states 0

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 36/2019-Central Tax dated 20th August, 2019 to postpone the date on which the...

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