CBIC allows manual filing of their IGCR-3 monthly statement till 31.01.2025
The CBIC has decided to permit the importers who are facing difficulties on electronic filing of their IGCR-3 monthly statement, may do so manually before jurisdictional officers till 31.01.2025. The monthly statement is to be filed online from the month of February 2025.
Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25
As part of this campaign, informational messages will be sent via SMS and email to resident taxpayers who have already submitted their ITR for AY 2024-25. These messages are intended for individuals identified through information received under bilateral and multilateral agreements, suggesting that they may hold foreign accounts or assets, or have received income from foreign jurisdictions. The purpose is to remind and guide those who may not have fully completed Schedule Foreign Assets in their submitted ITR for AY 2024-25, especially in cases involving high-value foreign assets.
CBIC introduces relaxations for Customs Cargo Service Providers
These measures aim to reduce operational costs and compliance burdens for CCSPs, that play a crucial role in handling of imported and exported goods. The changes are part of the Government’s ongoing efforts to reduce the cost and compliance burden, improve the efficiency of EXIM operations, and facilitate global trade.
Government of Haryana issued Latest GST Rules Amendment: Key Changes You Need to Know
Government of Haryana issued Latest GST Rules Amendment through Haryana Goods and Services Tax (Second Amendment) Rules, 2024
Haryana Government Waives Late Fee for GSTR-7 Returns
Haryana Government Waives Late Fee for GSTR-7 Returns
CBDT notifies Tolerance Range for Transfer Pricing for A.Y 2024-25
The Central Board of Direct Taxes (CBDT) has issued a notification dated October 18, 2024 notifying the tolerance range for AY 2024-25. The notification of tolerance range shall provide certainty to taxpayers and reduce the risk perception associated with pricing of a transaction in transfer pricing.
New Process to Claim SGST Reimbursement Under Assam Industrial Schemes
Govt of Assam launched new set of guidelines for businesses looking to claim SGST reimbursement under the Assam Industrial Scheme, 2017 and 2021
CBIC revises rate of import tariff for oil, gold & silver
This notification shall come into force with effect from the 24th day of October, 2024.
New Tax Guidelines: What Businesses Need to Know About Arm’s Length Pricing
The Ministry of Finance issued an important notification that will impact how businesses determine the arm’s length price for international and specified domestic transactions for the assessment year 2024-2025.
Important Update: Amendments to Cough Syrup Export Policy
The Ministry of Commerce and Industry in on October 18, 2024 announced significant changes to the export policy for cough syrups under Chapter 30 of the ITC (HS) 2022.
