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Business News: India exempts Covid-19 vaccine from import duty

India exempts Covid-19 vaccine from import duty : Rashtra News The Central Board of Indirect Taxes and Customs (CBIC) has fully exempted imports of Covid 19 vaccines from basic customs duty, from October 1 till December 31. "The Central Government, on being satisfied that it is necessary in the public interest so to do, hereby

Central boardIndirect taxesCentral governmentBasic customs dutyCentral board of indirect taxesCentral board of indirect taxes and customsCovid 19Covid 19 vaccine import duty

Business News: GST panel to consider giving waiver on 1 day interest, late fee

GST panel to consider giving waiver on 1 day interest, late fee : Rashtra News As some taxpayers faced difficulties in filing GST return on Monday, the tax department on Tuesday said the IT grievance redressal committee would consider giving interest and late fee waiver. The Central Board of Indirect Taxes and Customs (CBIC) in

It grievance redressal committeeCentral boardIndirect taxesElectronic cash ledgerRedressal committeeCentral board of indirect taxesTax department

GST authorities issue notices over input tax credit discrepancies

GST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against monthly filings. Notices under Section 150 of the CGST Act demand explanations for "short reporting" of ITC. However, businesses argue that some notices lack verification, imposing undue compliance burdens. Despite this, officials maintain that mismatches cannot be overlooked.

Rajat mohanSanjay kumar agarwalMoore singhiCentral boardIndirect taxesCentral board of indirect taxesCgst actInput tax credit

Govt raises import duty on gold, silver findings to 15 pc

Govt raises import duty on gold, silver findings to 15 pc
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Agriculture infrastructure development cessCentral board of indirect taxes

Govt raises import duty on gold silver findings to 15 pc

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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