Category: Indirect Tax Laws (GST/ Customs / VAT)

These rates had last been revised on 15th February, 2013. By virtue of the present notification, most of the tariff values of specified imported goods have increased slightly. These goods include crude palm oil, refined, …

Read More "CBIC revises tariff rates of Oils, Precious Metals and Areca nuts"

The Council has also recommended that an amnesty may be provided in the past cases, where registration has been cancelled on account of non-filing of the returns, but application for revocation of cancellation of registration …

Read More "Proposals of 49th Meeting of the GST Council"

The CBIC has noted that the cases of centralised system of antecedent verification are facing unreasonable delays in certain field formations. Hence, it has inserted a clause in it Circular stipulating that “…antecedent verification must …

Read More "CBIC amends its Circular on Centralised Antecedent Verification of warehouse licence applicants"

CBIC by its previous circular had issued ‘Form A’ for capturing details relating to receipts, handling, storage and removal of warehoused goods. Form A has been amended by inserting a new column, i.e. Column No. …

Read More "CBIC amends its Circular to include details of Ex-bond Bill of Entry or Shipping Bill in Form A"

The amendment has deleted the provisions governing constitution, appointment, tenure, functions, and duties of the National Anti-profiteering Authority.

A new functionality has been made available on the common portal which allows unregistered persons to take a temporary registration and apply for a refund under the category ‘Refund for Unregistered person’’.

The Amendment Rules seek to revise instruction relating to FORM GSTR-9. GSTR-9 (annual returns) is now amended to mention the period after the FY 2021-22 as ‘April 2022 to October 2022 filed up to 30th …

Read More "Delhi Goods and Services Tax (Third Amendment) Rules, 2022"

In case the value of credit notes becomes higher than sum of invoices and debit notes put together, then the net ITC would become negative and the taxpayers will be allowed to report negative values …

Read More "CBIC Introduces Negative Values in Table 4 of GSTR-3B"

Where input tax credit has been availed by a registered person in the return in FORM GSTR-3B for a tax period in respect of such invoice or debit note, the details of which have been …

Read More "Bihar Goods and Services Tax (Fifth Amendment) Rules, 2022"

Government of Rajasthan has issued a notification amending the Rajasthan Investment Promotion Scheme-2022. This notification was issued on 10th February, 2023. The notification inter alia amends the eligibility of enterprises to the policy, training & …

Read More "Government of Rajasthan amends the Rajasthan Investment Promotion Scheme-2022"