Ministry of Finance Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum Government gives more time for implementation […]
A special operation by CGST Delhi West Commissionerate results in the unmasking of a nexus of over 30 counterfeit firms and the subsequent arrest of the orchestrator.
No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum. Government gives more time for implementation of revised TCS rates and for inclusion of credit card payments in LRS. Increased TCS rates to apply from 1st October, 2023
EPFO has extended the submission date for pension options on higher wages, providing employees and employers with an additional window to update their details.
DGGI Jaipur’s major crackdown on a syndicate operating 569 fake firms across 14 states, leading to fraudulent ITC claims worth Rs 1,047 crore.
Supreme Court of India has recently issued an order requiring all revenue appeals before the Income Tax Appellate Tribunal (ITAT) to be filed exclusively through the e-filing mode. This directive aims to streamline the appeal process and improve efficiency. The Central Board of Direct Taxes (CBDT) has already instructed its field formations to comply with […]
Provisional empanelment status of the firm along with provisional point score for the year 2023-2024 will be available on the website www.care.cag.gov.in from 30th May 2023 to 8th June 2023.
The Union Minister of Commerce and Industry, Shri Piyush Goyal, recently announced several promising developments for the Export Credit Guarantee Corporation of India Limited (ECGC Ltd.) in a media briefing. Emphasizing on the need for transparency and simplification of procedures, the Minister announced that ECGC Ltd. will transition all its procedures to a completely digital […]
DGFT has liberalized and simplified the policy for exporting drones and unmanned aerial vehicles (UAVs) from India for civilian end uses. This decision aligns with the Foreign Trade Policy 2023 and aims to promote the export of high-tech items like drones. Learn more about the policy changes and their implications.
Hurry up Taxpayers! 30th June, 2023 is the last day to avail the benefits of the Amnesty Scheme Under GST. Amnesty scheme under the Goods and Services Tax (GST) scheme offers benefits to non-filers of GSTR-4, GSTR-9, and GSTR-10 returns, as well as for the revocation of cancellation of registration and the deemed withdrawal of […]
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