Posts In: Fiscal

Refund of Integrated taxes shall not be granted where the exporters have claimed higher rates of drawback

October 10, 2018 Fiscal, Industries, states 0

Central Board of Indirect Taxes & Customs(CBIC) has issued Circular No. 37/2018-Customs dated 9th October, 2018 to clarify that IGST refund on export of goods...

Continue Reading

CBIC further amends the Central Goods and Services Tax Rules, 2017 to allow IGST refund to exporters who have received capital goods under the EPCG Scheme

October 10, 2018 Fiscal, Industries, states 0

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 54/2018 dated 9th October, 2018 to further amend the Central Goods and Services...

Continue Reading

CBIC has prescribed the procedure for online registration and filing of claims under the Budgetary Support Scheme

October 8, 2018 Fiscal, Industries, states 0

Central Board of Indirect Taxes & Customs(CBIC) has issued Circular No. 1067/6/2018-CX dated 5th October, 2018 to prescribe the new procedure for online registration and filing...

Continue Reading

CBDT further extends due date for filing Income Tax Return and various Audit Reports for Assessment Year 2018-19

October 8, 2018 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued an Order dated 8th October, 2018 to further extend the due date for filing Income Tax Returns (ITR) as well as...

Continue Reading

Procedure for submission of Maharashtra VAT Audit Report for the Financial Year 2017-18

October 8, 2018 Fiscal, Industries, Maharashtra 0

Commissioner of State Tax-Maharashtra has issued a Circular No 25T/2018 to clarify the procedure to upload Audit Report in Form e704 for the dealers who...

Continue Reading

Punjab Government notifies Punjab State Development Tax Rules, 2018 effective 20th September, 2018

October 4, 2018 Fiscal, Industries, Punjab 0

We have already reported that the Punjab State Development Tax Act, 2018 (“Act”) effective since 19th April, 2018. The Corresponding Rules to the Act was awaited. This...

Continue Reading

E-Way Bill is required for Intra State movement of goods under GST within the State of Jharkhand where the consignment value exceeds Rs. 1 lakh except for certain goods

October 1, 2018 Fiscal, Industries, states 0

Commercial Tax Department– Government of Jharkhand has issued Notification No. S.O. No. 66  dated 26th September, 2018 to notify that the e-way Bill in respect...

Continue Reading

DGFT removes value limit for exports through Post

September 28, 2018 Fiscal, Industries, states 0

Directorate General of Foreign Trade (DGFT) has issued Notification No. 36/2015-20 dated 27th September, 2018 to amend Para 2.47 of the Foreign Trade Policy, 2015-2020 pertaining...

Continue Reading

DGFT extends exemption of IGST and Compensation Cess under Advance Authorisation, EPCG and EOU Schemes

September 28, 2018 Fiscal, Industries, states 0

Directorate General of Foreign Trade (DGFT) has issued Notification No. 35/2015-20 dated 26th September, 2018 to extend the exemption from Integrated Goods and Services Tax (IGST)...

Continue Reading

CBDT extends due date for filing Income Tax Return and various Audit Reports for Assessment Year 2018-19

September 24, 2018 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued an Order dated 24th September, 2018 to extend the due date for filing Income Tax Returns (ITR) as well asvarious reports of...

Continue Reading