Government introduces taxation amendment bill in Lok Sabha to cut corporate tax for domestic companies and new domestic manufacturing companies
Finance Minister Nirmala Sitharaman on 25th November 2019 has introduced the taxation amendment bill 2019 in Lok Sabha to amend the Income Tax Act and to replace the Ordinance that was used to slash corporate tax rate to stimulate growth rate in a slowing economy.
FSSAI directs food commissioners to initiate surveillance to prevent unauthorized use of harmful substances into cumin
The Food Safety and Standards Authority of India (FSSAI) has issued a letter dated 25th November 2019 to the Commissioners of Food Safety of all states/UTs to undertake regular surveillance and enforcement activities to curb the mixing of harmful substances into cumin and in case where the food samples are found to be non-conforming, recourse is to be taken under the penal provisions of the Act .
CBIC Issues notification to explain the term bus ‘body building’
The Central board of indirect taxes and customs vide notification dated 22nd November 2019, has inserted the following explanation for term ‘bus body building’ which was mentioned in its earlier notification dated 28th June 2017, so as to include building of body on chassis of any vehicle.
