Advisory for RoDTEP (Remission of Duties and Taxes on Exported Products) Incentive Scheme A new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) has been launched by the government for exporters. The scheme provides for a rebate of Central, State, and Local duties/taxes/
GST – Changes from 1.1.2021 S. No. Proposed change Impact Suggestion 1. Reduction of provisional credit limit under Rule 36(4) from 10% to 5% Negative The limit should not be reduced till the system settles the matching mechanism – Rules should be clear in terms
G.S.R. ……….(E). – In exercise of the powers conferred by sections 173,177,178 and Section 186 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and
An Interplay- Income Tax Search and Seizure and Income Tax Settlement Commission Introduction: Chapter XIX-A of the Act pertains to the settlement of cases. Under sub-section (1) of section 245C of the Act, an assessee at any stage of a case relating to him can
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets implemented from 01.01.2021 Taking a major step to boost exports, the Government has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export
Notification No. 51/2015-2020 Subject: Amendment in Policy condition of Sl.No. 55 & 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018 -reg. S.O. 4741 (E) – In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of
Press Release Measures recommended by GST Council to curb fake dealers/invoice rackets notified In-Person Verification Must For GST Registration, Identification of bogus dealers through data analytics and suspension Mandatory 1% GST payment for those risky dealers and fly-by-night operators who show unusual large turnovers and
Further Extension of Due Dates of filing of various Income/Corporate Tax Returns vide Press Release dated Today, December-30-2020:- • Audit Cases : February-15-2021 • Furnishing of Tax Audit Reports and Form-3CEB: January-15-2021; • All other simple ITRs {Non-Audit Cases} : January-10-2021. Related Topic: Is Income
Critical Changes in GST Compliances from 1st January 2021 94/2020 –14th Amendment Rules 2020 Rule 21: Additional Grounds for Cancellation of Registration – (a) does not conduct any business from the declared place of business; (b) issues invoice or bill without supply of goods or
Case Covered: M/s Honda Cars India Ltd. Versus The Commissioner, Central Excise and Service Tax Facts of the Case: M/s Honda Cars India Ltd. has sought the quashing of the order dated January 23, 2015, passed by the Commissioner of Central Excise and Service Tax, New
