GSTR-1 deadline: The last date to file GSTR-1 for March 2024 tax period was April 11, 2024, however GSTN has recommended to the Central Board of Indirect Taxes and Customs (CBIC) that the deadline to file GSTR-1 be extended by one day to April 12, 2024. However as of 1 pm on April 12, 2024 no circular or notification from CBIC has come in this regard.
The Global Trade Research Initiative (GTRI) has advised that the Central Board of Indirect Taxes and Customs (CBIC) must use the services of communication experts for help in drafting easy-to-understand notifications, , global trade research initiative (GTRI), Central Board of Indirect Taxes and Customs (CBIC)
India has decided to impose anti-dumping duties on three Chinese products, namely wheel loaders, gypsum tiles, and industrial laser machinery. The purpose of these duties is to protect local manufacturers from the influx of cheap imports from China. The imposition of these duties follows the recommendations made by the Directorate General of Trade Remedies (DGTR), which is the investigation arm of the commerce ministry.
India Business News: Finance Minister Nirmala Sitharaman has urged consumers to always ask for a bill when making a purchase in order to minimize GST evasion. She also cal
In a detailed notification issued Tuesday, the central Board of Indirect Taxes and Customs (CBIC) said that to file an appeal, appellant has to partially pay the penalty or interest out of disputed order, have to pay 12.5% of the disputed tax amount or Rs 25 crore out of which 20% payment has to be done via electronic cash ledger.