The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a supply of service liable to GST.
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
Dhanlaxmi Bank signs MoU with CBDT and CBIC for tax collection : Rashtra News #Dhanlaxmi #Bank #signs #MoU #CBDT #CBIC #tax #collection Dhanlaxmi Bank on Thursday said it has signed a memorandum of understanding with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for collection of taxes. The
Cases should be taken to logical conclusion expeditiously: Sitharaman to DRI : Rashtra News #Cases #logical #conclusion #expeditiously #Sitharaman #DRI Finance Minister Nirmala Sitharaman stressed on capacity building so that the officials are quick to pick up right intelligence inputs and act on time. Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings
Gst In Fmcg Sector: The Central Board of Indirect Taxes and Customs (CBIC) is planning to prepare a list of products that end up in litigation due to classification issues. The fitment committee will investigate items with minor changes in composition but different tax slabs, creating confusion in tax liability, particularly in the fast-moving consumer goods (FMCG) sector.