Summary: The applicability of interest on delayed GST payments hinges on whether the liability was offset using balances in the E-cash or E-credit ledger. Section 49 of the CGST Act, 2017, allows ...

Central Tax dated 23rd January 2025, has announced a waiver of excess late fees under Section 47 of the Central Goods and ...

3. In this regard it is clarified that under Rules 6 and 7 of the Drawback Rules, the application fee for extension of time period for submission of application for determination of duty drawback rate ...

CBI books 7 accused in a case related to digital currency Ponzi schemes promising high returns involving cryptocurrency transactions exceeding ₹350 crore Searches conducted at 10 locations across 7 ...

Nhava Sheva, has issued a public notice introducing the electronic Voluntary Payment functionality on the ICEGATE e-Payment Platform. This new feature replaces manual TR-6 challan payments, enabling ...

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-Ill) TURANT SUVIDHA KENDRA, FIRST FLOOR JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN DIST: RAIGAD, MAHARASHTRA – 400 707. Subject: Clarification on ...

The Employees’ Provident Fund Organisation (EPFO) has introduced a facility that allows members to delink erroneously linked ...

Summary Effective July 23, 2024, buyers of immovable property from Non-Resident Indians (NRIs) must deduct TDS at a revised rate of 12.5%, inclusive of a 15% ...

Under the GST Amnesty Scheme 2024, taxpayers are provided with a waiver of interest and penalty for demand notices, statements, or orders issued under Section 73 of the CGST Act for tax periods ...

CENTRAL TAX on January 23, 2025, implementing a decision from the 55th GST Council meeting regarding the waiver of late fees on GSTR-9 and GSTR-9C filings. This waiver applies to filings for FY ...

2. The above declaration shall have to be filed separately for each ”.

In a very major development, we see that none other than the Bombay High Court which is one of the oldest and most ...