CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, to reduce litigation.
CBIC weekly update covers GST Council decisions, extended export benefits, DGGI conference highlights, and IRS officer’s triathlon achievement.
New CBIC circular implements automation for EOUs under Customs Rules, effective September 25, 2024, addressing registration and clearance issues.
The new GST Invoice Management System (IMS) simplifies invoice handling for taxpayers. Accept, reject, or defer invoices and manage GSTR-2B.
Finance Minister Nirmala Sitharaman will launch the NPS Vatsalya scheme on September 18, 2024, to promote early financial planning for children.
Prime Minister launches IFSCA’s Single Window IT System, streamlining approvals and integrating with key regulators to simplify business operations in IFSC.
SEBI addresses employee matters through internal channels and withdraws Press Release no. 20/2024. Employee concerns to be resolved amicably within set guidelines.
The GST Council forms a Group of Ministers (GoM) to review and suggest GST rates on life and health insurance, with a report due by October 30, 2024.
MCA imposes penalties on Precious Milestone Pvt Ltd and directors for late filing of E-Form MGT-6. Details on penalties and compliance requirements included.
IMU invites bids for a C&AG empaneled CA firm for internal audit. Detailed terms, submission guidelines, and payment info provided. Bid online at GeM Portal.
