As you are aware, though the general rule in GST is free flow of input tax credit (ITC),it is not available in respect of certain inward supplies of goods or services as per section 17(5) of the GST Acts. These are commonly known as blocked credits. The statutory provisions are explained below for reference:
In the matter of continuation of anti-dumping duty on imports of ‘Front Axle Beam’ and ‘Steering Knuckles’ meant for heavy and medium commercial vehicles , falling under tariff items 8708 50 00, 8708 94 00 and 8708 99 00 of the First Schedule to the Customs Tariff Act, originating in or exported from People’s Republic of China
Pursuant to introduction of a new scheme category and to bring transparency in reporting of segregated portfolios, it has been decided to modify MCR format from January 2021 onwards.
Mumbai Local train services be allowed from the start of services for the day to 7 AM and then again from 12 PM to 4 PM in the afternoon and from 9 PM to closure of local train services for the day with effect from 1st February 2021.
Ministry is of the opinion that persons are facing difficulties in respect of availing various services related to driving licence and registration certificate especially during these COVID-19 pandemic. In view of the above, Ministry has decided to provide certain services online with the help of Aadhaar number as per Order attached.
Tariff Notification No. 08/2021-Customs (N.T.), Dated : 29.01.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 08/2021-CUSTOMS (N.T.) New Delhi, 29th January, 2021 10 Magha, 1942 […]
The last date for electronic uploading of form e-704, for the financial year 2019-20, is 1st March, 2021 and the last date for submission of abovementioned physical documents is 12th March, 2021.
No additional fees shall be levied upto 15.02.2021 for the filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non-XBRL in respect of the financial year ended on 31.03.2020. No additional fees will be levied for filing annual financial statements for the financial year ended as on 31st March 2020 upto 15th February 2021. […]
Govt notifies National Payments Corporation of India (NPCI) to undertake Aadhaar authentication Service of the Unique Identification Authority of India under section 11A of the Prevention of Money-laundering Act, 2002. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th January, 2021 G.S.R. 59(E).—In exercise of the powers conferred by sub-section (1) of section […]
The CIMS will be effective from 01.04.2021, i.e., Bill of Entry filed on or after 01.04.2021 for items as listed in this Notification shall be governed by CIMS. The facility of online registration will be available with effect from 15.02.2021.
