Budget 2022-23: Five river linking projects on cards after consensus of beneficiary states Mentioning the status of proposed five river linking projects in country, Union Finance Minister Nirmala Sitharaman said in her Budget speech that draft Detailed Project Reports (DPRs) of these river links have been finalized and consensus among beneficiary states is awaited. River […]
Circular No. 3/2022-Customs No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Room No. 156, North Block New Delhi, dated the 1st of February, 2022 To, All Principal Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central Tax, All Principal […]
a) Beaches, Gardens, Parks to remain open as per normal timing before the advent of the COVID-19 pandemic. b) Amusement/ Theme parks to remain operational with 50% of the operational capacity. c) Swimming Pools, Water-Parks to remain open with 50% capacity.
No Objection Certificate (NOC) from the lending scheduled commercial banks/ financial institutions/ debenture trustees, from not less than 75% of the secured creditors in value.
The risks of climate change are the strongest negative externalities that affect India and other countries, the Union Finance Minister said while addressing the Parliament. She re-iterated the low carbon development strategy, announced by the Prime Minister, as an important reflection of our government’s strong commitment towards sustainable development.
Memorandum Explaining the Provisions in Finance Bill, 2022 (Budget 2022-23) related to Amendments In The Fourth Schedule, Change In Effective Rate Of Additional Basic Excise Duty On Unblended Petrol And Diesel, Amendments In The Schedule VII Of The Finance Act, 2001 (NCCD SCHEDULE) an d other Changes [Including Certain Clarifications/Technical Changes]. EXCISE Note: (a) “Basic […]
Memorandum Explaining the Provisions in Finance Bill, 2022 (Budget 2022-23) Relating To Amendments in the CGST Act, 2017, Amendments in the IGST Act, 2017, Amendments in the UTGST Act, 2017 and Retrospective Amendments of GST Rate Notifications. Goods and Service Tax Note: (a) CGST Act means Central Goods and Services Tax Act, 2017 (b) IGST […]
Memorandum Explaining the Provisions in Finance Bill, 2022 (Budget 2022-23) Relating To Amendments in the Customs Act, 1962 Other Legislative Amendments Pertaining To Customs, Amendments in the First Schedule to the Customs Tariff Act, 1975, Pruning and Review of Customs Duty Concessions/ Exemptions, Proposals Involving Changes in Effective Basic Customs Duty Rates In Respect Of […]
Provisions of Finance Bill, 2022, relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), to continue reforms in direct tax system through tax-incentives, removing difficulties faced by taxpayers and rationalization of various provisions.
As a further step to enhance transparency and to reduce delays in payments, the Finance Minister proposed a completely paperless, end-to-end online e-Bill System to be launched for use by all Central ministries for their procurements. The system will enable the suppliers and contractors to submit online their digitally signed bills and claims and track their status from anywhere.
