Annual Report on Narcotics Control Activities (2023-2024)
the Ministry of Finance released its annual report detailing the activities financed under the Narcotic Drugs and Psychotropic Substances (National Fund for Control of Drugs Abuse) Rules, 2006.
Goa’s New GST Initiative: Appellate Tribunal to Ensure Fair Pricing
the Government of Goa has issued a notification that empowers the Principal Bench of the Appellate Tribunal to scrutinize the relationship between input tax credits and pricing of goods and services.
West Bengal Issues Clarification on Input Tax Credit for Demo Vehicles
This circular clarifies critical issues surrounding the GST treatment of demo vehicles, their use in business operations, and the implications for authorized dealers.
West Bengal Issues Latest Trade Circular on Advertising Services to Foreign Clients
The clarifications in respect of advertising services provided to foreign clients. This clarification is especially relevant for businesses navigating the complexities of the Goods and Services Tax (GST) framework.
Supporting Senior Citizens: Goa’s New Financial Assistance Scheme for Care Homes
This new scheme provides financial assistance to registered organizations, government bodies, and institutions that operate homes for elderly individuals, particularly those dealing with conditions such as Alzheimer’s and Parkinson’s disease, as well as those in palliative care.
CBDT forms internal committee to comprehensively review Income-tax Act
To facilitate this, a webpage has been launched on the e-filing portal, which can be accessed online. The website is live and accessible to the stakeholders/experts/public in the E-filing portal from 06.10.2024. The stakeholders/experts/public can access the page by entering their name and mobile number, followed up by a validation via OTP.
PFRDA Announces New Balanced Life Cycle Fund (BLC)
The Balanced Life Cycle Fund (BLC). This fund is designed to offer NPS subscribers flexibility and higher growth potential by focusing on equity investments during their prime working years.
CBIC has launched a new Warehouse Module on the Indian Customs Electronic Gateway
This module introduces a streamlined, digital framework for various warehouse-related activities, aiming to reduce paperwork, enhance transparency, and promote efficiency. Key features include online filing for warehouse licenses, submission of transfer requests, and uploading of monthly returns. This article provides an overview of the newly introduced processes.
Timeline for examination of input tax credit against reduction of price
CBIC has appointed the 1st day of April, 2025 as the last date to submit request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by that registered person.
CBDT has issued an extension of time lines for filing of various reports of audit for the Assessment Year 2024-25
CBDT has issued an extension of time lines for filing of various reports of audit for the Assessment Year 2024-25 by a company; or a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force a working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force.
