As per twitter handle of CBEC there is Substantial reduction in documents required for import & export has expedited the clearance process and contributed in ease of doing business in India. 1. only three documents mandatory for general import and exports. 2. Packing list and commercial invoice merged into a single document for Customs. 3. […]
Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices and availing ineligible credit. The persons have been arrested for availing input tax credit on the basis of fraudulent invoices against which no actual goods were bought or sold.
Fugitive Economic Offenders Bill, 2018 Bill would help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts.
GOvt approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of Secretary for NFRA.
The Central Board of Direct Taxes (CBDT) entered into seven more Advance Pricing Agreements (APAs) during the month of February, 2018. All the seven are Unilateral APAs. With the signing of these Agreements, CBDT has crossed an important milestone of having signed 200 APAs. The total number of APAs entered into by the CBDT till […]
As you are aware, e-SANCHIT shall be made mandatory from 15t” March, 2018. The Board has issued instructions to all the Chief Commissioners to launch e-SANCHIT in all the EDI locations.
Why anti-profiteering authority is important? As before implementing GST in India many countries have adopted GST before namely Singapore, Australia, Malaysia and many more. Inflation in Australia was 1.9% before GST and rose to 5.3% after GST.
Statistical Information about the Bharat Mala along with the need felt by GOI to undertake this mega road infrastructure project. The article also focus on sectors/ industries that are likely to benefit from this infrastructure boost.
The Tax payer who does not have bank account in any of the authorised banks for payment of Maharashtra Sales Tax Department taxes, or does not have net banking facility can use this facility to make payment of any amount payable to the Department.
The law is not a rational code. The law is an ass & the bureaucracy is responsible for it. These are all well known but then even a beneficial Export Promotion Policy will be afflicted by it is very difficult to digest but then always trust the miraculous Indian bureaucracy for cracking a poor joke.
