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IGST exemption on specified medicines used in COVID-19

September 30, 2021 624 Views 0 comment Print

CBIC exempt IGST on specified medicines used in COVID-19, up to 31st December, 2021 to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021. Notification No. 12/2021- Integrated Tax (Rate) | Dated: 30th September, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2021-Integrated Tax (Rate) New Delhi, […]

IGST payable under RCM on essential oils other than those of citrus fruit wef 01.10.2021

September 30, 2021 3390 Views 0 comment Print

CBIC notifies essential oils other than those of citrus fruit  as goods on which IGST is payable under Reverse Charge Mechanism (RCM) with effect from 1st day of October, 2021 to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021. Notification No.10/2021- Integrated Tax (Rate) | Dated: 30th September, 2021. GOVERNMENT […]

CBIC notifies IGST Rate on various services WEF 01.10.2021

September 30, 2021 1839 Views 0 comment Print

CBIC amends Notification No. 08/2017 – Integrated Tax (Rate), dated the 28th June, 2017 so as to notify IGST rates of various services as recommended by GST Council in its 45th meeting held on 17.09.2021 with effect from 1st day of October, 2021. Notification No. 06/2021- Integrated  Tax (Rate) | Dated: 30th September, 2021. Government […]

Narcotic Drugs and Psychotropic Substances (Amendment) Ordinance, 2021

September 30, 2021 738 Views 0 comment Print

(1) This Ordinance may be called the Narcotic Drugs and Psychotropic Substances (Amendment) Ordinance, 2021. (2) It shall be deemed to have come into force on the 1st day of May, 2014.

Safeguard investigation concerning imports of ‘Isopropyl Alcohol’

September 30, 2021 2016 Views 0 comment Print

Safeguard investigation concerning imports of ‘Isopropyl Alcohol’ into India – Final Findings – Proceedings under Foreign Trade (Development and Regulation) Act, 1992 and the Safeguard Measures (Quantitative Restrictions) Rules, 2012- Reg.

ECLGS’ scope expanded and scheme extended till 31.03.2022

September 29, 2021 1167 Views 0 comment Print

i. Existing borrowers under ECLGS 1.0 & 2.0 would be eligible for additional credit support of upto 10% of total credit outstanding as on 29.02.2020 or 31.03.2021, whichever is higher. ii. Businesses who have not availed assistance under ECLGS (ECLGS 1.0 or 2.0), can avail credit  support  of upto 30% of their credit outstanding as on 31.03.2021.

Swing pricing framework for mutual fund schemes

September 29, 2021 969 Views 0 comment Print

SEBI decided to introduce swing pricing framework for open ended debt mutual fund schemes (except overnight funds, Gilt funds and Gilt with 10-year maturity funds).

Fight unfair business practices of E-commerce companies jointly: CAIT

September 29, 2021 777 Views 0 comment Print

In a communication sent to noted Industrialists & Organisations working in different verticals of trade & Industry, Confederation of All India Traders has called for a formation of bigger joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies. Confederation of All India Traders Ref. No. 3286/1/50 29th September, 2021 […]

Credit Anti-profiteering penalties in the Consumer Welfare Fund

September 29, 2021 1914 Views 0 comment Print

Leading consumer and public policy research and advocacy group, CUTS International has requested the Finance Minister, Ms Nirmala Sitharaman that penalties under the Central GST Act, 2018 for profiteering should be deposited in the Consumer Welfare Fund.

Anti-dumping investigation on imports of Decor Paper from China

September 28, 2021 3198 Views 1 comment Print

The product under consideration includes decor paper used by the producers of laminates which includes various types of decor paper, such as surfacing paper (white/off-white), liner (white / off-white), barrier paper, shuttering base, overlay paper and print base paper (color/white).

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