News

26 Apr 2021

Commerce ministry starts COVID-19 helpdesk to resolve import, export issues

COVID-19 helpdesk to resolve import, export issues

The commerce ministry on Monday said it has started a COVID-19 helpdesk to help resolve issues of exporters and importers pertaining to international trade such as customs clearance delays and banking matters.

Defer GST, income tax compliances by three months

25 Apr 2021

Crores of traders urge FM Nirmala Sitharaman

Defer GST, income tax compliances by three months

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.

Centre waives customs duty, health cess on oxygen, vaccines & equipments

25 Apr 2021

Custom Duty on Oxygen cylinders, vaccine & equipment

Centre waives customs duty, health cess on oxygen, vaccines & equipments

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.

24 Apr 2021

Extension in due dates

Government extends certain timelines

Government extends certain timelines in light of the raging pandemic.

23 Apr 2021

Advisory No.8/2021- Refunds Dated April 20th, 2021

New functionality of PMT-03

New functionality of PMT-03 to re-credit amount of excess tax paid by ITC ledger is implemented

Relaxation in Suo Moto Cancellation of Registration

23 Apr 2021

Circular by Principal secretary/Commissioner of commercial tax, Chennai

Relaxation in Suo Moto Cancellation of Registration

Relaxation to Assessee whose GSTIN has been cancelled during Mar 15, 2020 to Mar 14, 2021

GST: Firms challenge constitutional validity of arrest rules in top court

22 Apr 2021

The Section 69 of the Central GST Act

GST: Firms challenge constitutional validity of arrest rules in top court

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

03 Apr 2021

NACIN Newsletter dated 3rd April 2021

NACIN Newsletter covering all the changes in the month of March 2021

GST officers to soon have real-time data on vehicles moving without e-way

20 Apr 2021

GST, Eway Bill

GST officers to soon have real-time data on vehicles moving without e-way

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.

Provisional attachment power under GST law draconian: SC

21 Apr 2021

Provisional Attachment in GST

Provisional attachment power under GST law draconian: SC

"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.