Covid impact on MSMEs: "The daily business loss due to lockdown in Delhi is likely to be around Rs 600 crore while for overall India, the daily loss could be around Rs 30,000 crore taking into account full lockdown, partial lockdown, night curfews, and other forms of restrictions," said CAIT Secretary General Praveen Khandelwal.
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NEW DELHI: The Centre on Saturday decided to waive basic customs duty on Covid vaccines, oxygen and oxygen-related equipment for three months to boost availability amid the worsening coronavirus crisis in India.
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Government extends certain timelines in light of the raging pandemic.
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New functionality of PMT-03 to re-credit amount of excess tax paid by ITC ledger is implemented
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Relaxation to Assessee whose GSTIN has been cancelled during Mar 15, 2020 to Mar 14, 2021
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The Section 69 of the Central GST Act empowers the GST commissioners to arrest a person if he has reasons to believe that the person has claimed fraudulent ITC
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NACIN Newsletter covering all the changes in the month of March 2021
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The government is now working on a Real-time and Analysis Reports on RFID for GST officers to help them nab tax evaders who are misusing the e-way bill system.
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"Exercise of the power for ordering a provisional attachment must be preceded by the formation of an opinion by the commissioner that it is necessary so to do for the purpose of protecting the interest of government revenue.
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Del Small Ice Cream Manufacturers Welfare’s Association (Reg.) v. Union of India [2021] 126 taxmann.com 60 (Delhi)
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Foreign Trade Circular No. 01/2015-2020 Dated April 13th, 2021
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CSG Systems International (India) (P.) Ltd. v. Commissioner of Central Tax, Bengaluru - [2021] 126 taxmann.com 139 (Bangalore - CESTAT)
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