Section 129 and 130 of the Central goods and services Act, 2017 (CGST Act) are two separate sections, the former dealing with detention, seizure and release of goods and conveyance in transit and later dealing with Confiscation of goods and conveyance and levy of penalty and it was amended by clause no 108 and 109 of Finance Act 2021 and amended section were made applicable from 01.01.2022.
Explore the impact of the new reassessment scheme u/s 147 under the Income Tax Act. Is it really reducing litigation and promoting ease of doing business? Find out.
Analysis of Delhi HC Ruling on order passed under Section 148A(d) passed by order Delhi High Court in the case of Divya Capital One Private Limited Vs. ACIT, alleging income of more than Rs one lakh crore having escaped assessment.
The Excise and Taxation Department hosted a conference to discuss re-engineering of internal processes to improve taxpayer experience and taxpayer interaction of GST taxpayers under the administrative control of the State.
Explore the mind-bending time travel concept of Avengers Endgame visualized through the lens of the Income Tax Act.
The last date for submission of online applications for allocation of Tariff Rate Quota (TRQ) under India—UAE CEPA first two quarters of FY 2022-23 (01 May 2022 to 30 Sep 2022) has been extended till 31.05.2022. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 08/2015-2020 […]
The export of Bamboo Charcoal made from Bamboo obtained from legal source is allowed Freely subject to above policy conditions.
Import of Fresh ginger, wholly produced in Bhutan, is Free subject to Article-I of Agreement on Trade, Commerce and Transit between India and Bhutan.
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 20th May, 2022 vide Exchange rates Notification No. 43/2022-Customs (N.T.) dated 19th May, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 43/2022 – Customs (N.T.) New Delhi, dated the 19th […]
All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs. NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks. While UPI would be used for customer authorisation in such transactions, settlement would be through the National Financial Switch (NFS) / ATM networks.
