Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Central Board of Indirect Taxes and Customs (CBIC) on Monday declared “Ad hoc Exemption from IGST” of “imports of specified COVID-19 relief material” that is “donated from abroad”. However, CBIC has notified certain conditions for applicability of the aforesaid exemption. The first endeavour in providing an exemption shall be the appointment of a “nodal […]
In the wake of India facing the crisis of medical-grade oxygen, life-saving medicines such as Remdesivir and most importantly hospital beds, request from various social and political circles have come to the government to reduce or remove the various types of taxes on the aforesaid items — GST, CGST, IGST, custom duties and so on. […]
Towards the improvement in the GDP and the employment generation in the country small and medium-size businesses gives effective contributions. It is mandatory for them that their health and growth are nourished uniformly. But beneath GST the MSMEs are feeling the burden. Various businesses in India shall not able to quote their rates upon their […]
Amidst the fire and sword of the second wave of Corona-19, there is a sign ofrelief —The Central Government has extended the last date for Filing belated and revised Returns for both direct tax (Income Tax) and Indirect Tax (Goods and Services Tax) Payment of Tax Filing of appeals. Along with the above-mentioned breathers, the […]
During the second wave of the Corona pandemic, when more than 1 crore people in India have been caught by a deadly communicable Coronavirus disease, its high time for the Judiciary, Legislation, and Executive to take and implement apt decisions to control and cure such a common illness at the price (medical treatment) that can […]
Foreign Investment in any economy, whether FDI or FII, boosts growth and development in that economy. This has been witnessed by India also since 1991. Having said that, various tax mechanism also comes into play with the globalization. One such mechanism is Non-Resident Taxable Person (NRTP) in registration. In simple words, it is the registration […]
In the wake of the second wave of Covid-19 pandemic that has critically hit the economy (by dampening production along with demand)in addition to disturbing day to day life and consequently created emergency situation, the entire mechanism of tax filing and payment has been shaken by low production, low sale, and procrastination of nearly all […]
In another breakthrough, The Madras High Court has recently passed a ruling that shall be a lesson for those sellers who escape from paying that tax which buyer has paid, but the seller has not deposited in government exchequer. It is a relief for genuine buyers also. As per the contemporary GST law, buyers can […]
During the second wave of Corona, offices are being shut down and production of goods and services has been significantly hit. However, Good news for corporate taxpayers facing trouble in filing returns. The Government of India has taken the initiative to grant relief in the way returns are filed. So there is no tax concession […]
