They were able to detect another case of GST evasion of Rs 22.73 Crores on scrap purchased from Railways and on trading/ manufacturing of scrap/MS ingot/bar but passing on ITC without paying the leviable GST on their outward supplies.
(i) These Regulations may be called the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2020. (ii) They shall come into force from the date of their publication in the Official Gazette.
MCA allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot upto 30th September, 2020.
Applicant claimed that the Ciprofloxacin HCL produced by it and that imported from the subject country are produced using the same basic raw materials having broadly similar manufacturing process & technology, functions & uses, product specifications, pricing, distribution & marketing and tariff classification. T
Tariff Notification No. 52/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 52/2020-Customs (N.T.) New Delhi, 15th June, 2020 25 Jyaishtha, 1942 (SAKA) S.O. 1886(E).— […]
CBDT notifies Income Tax Cost Inflation Index for Financial Year 2020-21 or Assessment Year 2021-22 vide Notification No. 32/2020-Income Tax dated 12th June 2020 at 301. Cost Inflation Index helps taxpayer calculation his Long Term Capital Gain on sale of Long Term Capital Assets. Also Read-Cost Inflation Index – Meaning & Index from 1981-82 to […]
Office Order No. 98 of 2020 The following transfer/postings of the officers in the grade of Assistant Commissioner/Deputy Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:
Recommendations of the 40th GST Council meeting held today: Reduction in Late Fee for Past Returns, Further relief for small taxpayers for late filing of returns for Feb, Mar & Apr 2020 Tax periods.
Import policy of New pneumatic tyres covered under ITC HS codes 40111010, 40111090. 40112010, 40112090, 40114010, 40114020, 40114090, 40115010 and 40115090 is amended from ‘Free’ to ‘Restricted’.
Human Embryos / Gametes/ Gonad tissues are Free for export subject to ‘No Objection Certificate’ from Indian Council of Medical Research (ICMR).
