Sponsored
    Follow Us:

Archive: 01 February 2020

Posts in 01 February 2020

Budget 2020: DDT proposed to be removed

February 1, 2020 1446 Views 0 comment Print

Union Budget proposed to remove the Dividend Distribution Tax. Currently, companies are required to pay DDT on the dividend paid to its shareholders at the rate of 15% plus applicable surcharge and cess in addition to the tax payable by the company on its profits, the Minister said.

Increase in Customs Duty on Footwear and Furniture- Budget 2020

February 1, 2020 1011 Views 0 comment Print

5%  Health Cess proposed to give impetus to the Domestic Medical Equipment Industry; proceeds to be used for creating health infrastructure in aspirational districts Anti-dumping duty on PTA being abolished in the larger public interest Basic customs duty on imports of news print and light-weight coated paper proposed to be reduced from 10% to 5% Excise duty, by way of national calamity contingent duty on cigarettes & other tobacco products to be raised; no change in the duty rates of Bidis Provisions relating to safeguard duties being strengthened

January 2020 stands 2nd highest monthly GST collection

February 1, 2020 1032 Views 0 comment Print

The gross GST revenue collected in the month of January, 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore, SGST is ₹ 28,224 crore, IGST is ₹ 53,013 crore (including ₹ 23,481 crore collected on imports) and Cess is ₹ 8,637 crore (including ₹ 824 crore collected on imports). The total number of GSTR 3B Returns filed for the month of December up to 31st January, 2020 is 83 lakh (prov).

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031