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Archive: 05 August 2024

Posts in 05 August 2024

Weekly newsletter from Chairman, CBIC dated 05.08.2024

August 5, 2024 594 Views 0 comment Print

Discover CBICs latest updates: Petrapole Check Post insights, India-Bhutan trade workshops, and major enforcement actions against smuggling and drug trafficking.

Tax Benefits For Skill Training Institutions

August 5, 2024 6021 Views 0 comment Print

Explore the latest updates on tax benefits for skill development institutions in India, including GST exemptions and income tax regulations as of August 2024.

Risks Involved in UPI Cash Deposit Facility

August 5, 2024 663 Views 0 comment Print

Discover the risks of UPI cash deposits, recent transaction statistics, safety measures, and future plans for cross-border UPI integration from the latest Lok Sabha update.

GST on Agricultural Equipment: Government’s Stance & Rates

August 5, 2024 11502 Views 0 comment Print

Explore the latest details on GST rates for agricultural equipment, machinery, and fertilizers, and the government’s stance on potential changes to reduce farmer costs.

Concerns on Corporate Tax, MSME Deductions, GST Rates

August 5, 2024 684 Views 0 comment Print

Explore recent updates on corporate tax rates, MSME concerns over tax deductions, and GST rates for shawls as addressed in Lok Sabha Question No. 2157.

Tax Incentives To Fintech Sector

August 5, 2024 1071 Views 0 comment Print

On August 5, 2024, it was clarified in the Lok Sabha that there are no specific tax incentives or waivers currently in place for the fintech sector in India. The government’s policy focuses on phasing out existing exemptions and simplifying the tax structure. While there are no special incentives for fintech companies, corporate tax rates […]

GST Exemption for Space Industry: Key Updates & Government Response

August 5, 2024 3888 Views 0 comment Print

Explore the latest updates on GST exemptions for the space industry. Find details on PLI schemes, government funding, and financial concessions as of August 2024.

Revocation of Suspension of Customs Broker Licence Does Not Halt Penalty Inquiry

August 5, 2024 984 Views 0 comment Print

Delhi High Court upholds CESTAT ruling, stating suspension revocation of Custom Broker license doesn’t impede penalty inquiry. Vijendra Singh’s appeal dismissed.

RBI draft circular: Regulatory Principles for Management of Model Risks in Credit

August 5, 2024 2151 Views 0 comment Print

RBI issues draft circular on regulatory principles for managing model risks in credit. Comments invited by Sept 4, 2024. Key guidelines for robust credit risk management.

Non Service of SCN: Orissa HC set aside Ex Parte GST Order 

August 5, 2024 1074 Views 0 comment Print

Orissa HC sets aside an ex parte GST order against Ashok Kumar Rayet due to non-service of SCN, grants fresh opportunity for reply and reassessment.

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