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Clarification on Input Tax Credit: Circular No. 237/31/2024-GST

October 15, 2024 23370 Views 0 comment Print

CBIC clarifies input tax credit provisions under Section 16(5) & 16(6) of CGST Act, detailing rectification procedures for wrong credit availment.

Exploring Alternative Lending Options: Beyond Traditional Banks

October 15, 2024 1392 Views 0 comment Print

Discover diverse loan options in India beyond traditional banks. Explore personal loan apps, online options, and more for low CIBIL scores.

CBDT Amends Rules 21AA, 26B and Forms 12BAA, 16, 24Q

October 15, 2024 6429 Views 0 comment Print

The Ministry of Finance amends Income Tax Rules with Notification 112/2024, streamlining tax deduction processes and compliance requirements.

Guidance Note on provisions of Direct Tax Vivad se Vishwas Scheme, 2024

October 15, 2024 14538 Views 2 comments Print

Learn about the eligibility, rates, forms, and timelines under the Direct Tax Vivad se Vishwas Scheme, 2024.

CAAR Ruling on SFP Classification: In re Nokia Solutions

October 14, 2024 3531 Views 0 comment Print

Nokia Solutions seeks clarity on SFP classification for telecom equipment amid recent CESTAT rulings. Explore the implications for customs duty exemptions.

IRDAI Imposes ₹1 Crore Penalty on Marsh India for Delayed Premium Remittance

October 14, 2024 8739 Views 0 comment Print

IRDAI fined Marsh India ₹1 crore for violating regulations on premium remittance delays exceeding 15 days. The broker failed to comply with required timelines.

IFSCA (Payment and Settlement Systems) Regulations, 2024

October 14, 2024 1128 Views 0 comment Print

Overview of IFSCA’s 2024 regulations governing authorization and operation of payment systems in International Financial Services Centres (IFSCs).

Personal Loan EMI Calculator: How to Calculate Interest?

October 14, 2024 1743 Views 0 comment Print

Personal loans offer a quick and hassle-free solution for covering various expenses, such as medical bills, home renovations, or even a family holiday. However, it’s essential to understand how much you’ll repay every month before taking on the responsibility of a loan.

CBIC Chairman’s Weekly Newsletter – 14th October, 2024

October 14, 2024 816 Views 0 comment Print

New CGST building in Delhi inaugurated; DRI busts illegal Mephedrone factory in MP, seizing ₹168 crore worth of drugs, and intercepts ₹25 crore currency smuggling.

Roasted Areca Nuts falls under Customs Tariff Heading 20081920: CAAR Delhi

October 13, 2024 1401 Views 0 comment Print

Saga International applied for an advance ruling on the classification of roasted areca nuts under the Customs Tariff Act, seeking clarity on import processes.

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