CBIC clarifications on Implementation of new time limits for availing Input Tax Credit
CBIC has issued clarifications on Implementation of amendments to CGST Act, 2017 that provided new time limits for availing Input Tax Credit (ITC) under certain circumstances. The clarifications were provided in the form of FAQs.
CBIC relief to taxpayers facing demands for short payments or non-payments
CBIC has announced relief to taxpayers facing demands for short payments or non-payments, as long as they comply with the prescribed conditions, including full payment of the tax demanded by March 31, 2025, or within six months of redetermination by the proper officer in certain cases.
CBDT relaxes deadline for filing audit report in Form 10B for those trusts/institutions/funds, responsible to furnish
On consideration of the matter, with a view to avoid genuine hardship to those trusts/institutions/funds, CBDT has allowed such trusts/institutions/funds to furnish such audit report in the applicable Form No. 10B/10BB on or before 10 November, 2024.
Himachal Pradesh Government Amends Industrial Investment Policy for Medical Devices Park
Department of Industries, Government of Himachal Pradesh, issued a notification to amend the Himachal Pradesh Industrial Investment Policy 2018 and the Rules Regarding Grant of Incentives, Concessions, and Facilities for Investment Promotion in Himachal Pradesh 2019.
Telangana Government Updates GST Rules for Aadhaar Authentication
The new amendment introduces important changes to the process of Aadhaar authentication for applicants.
New Enforcement Dates for Certain Provisions of Puducherry Goods and Service Tax (Amendment) Act 2024
Department of Commercial Taxes, Puducherry Administration, announced important enforcement dates for certain provisions of the Puducherry Goods and Service Tax (Amendment) Act 2024.
Amendment to Retail Excise Tax in Andhra Pradesh
Government of Andhra Pradesh announced an important amendment regarding the Additional Retail Excise Tax (ARET) on various alcoholic beverages
Guidance FAQs on the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024
It is clarified that the DTVSV scheme is not applicable in cases relating to an assessment year in respect of which prosecution has been instituted on or before the date of filing of declaration, relating to any undisclosed income from a source located outside India or undisclosed asset located outside India, relating to an assessment or reassessment made on the basis of information received under an agreement, if it relates to any tax arrear.
Announcement Of Enforcement Dates for the Manipur Goods and Services Tax (Amendment) Act 2024
The Government of Manipur appointed certain dates for the enforcement of the provisions of the sections of the Manipur Goods and Services Tax (Amendment) Act 2024.
Ministry of Finance Announces New Interest Rate for Special Deposit Scheme
Effective from October 1, 2024, until December 31, 2024, deposits made under the SDS will earn an interest rate of 7.1% (seven-point one percent).
