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Embargo lifted on grant of Government Business to Private Banks

By | February 24, 2021

Ministry of Finance Embargo lifted on grant of Government Business to Private Banks Posted On: 24 FEB 2021 The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes, etc.… Read More »

CBIC New Instructions for Search in GST

By | February 10, 2021

CBIC has issued guidelines regarding the procedures to be followed during search operation. These guidelines must be adhered to while carrying search proceedings and must be followed in addition to earlier instructions Instructions No 1/2020-21 GST Investigations Download Click here

New Rule 86B of CGST Rules 2017 :Restrictions on use of amount available in electronic credit ledger

By | December 23, 2020

Restrictions on use of amount available in electronic credit ledger Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020.  inserted Rules 86B of CGST Rules 2017 In the said rules, after rule 86A, with effect from the 1st day of January, 2021, the following rule shall be inserted, namely: – “86B.… Read More »

Income Tax Department conducts searches in Bihar unearthing unaccounted money of Rs 75 Crore

By | October 31, 2020

Income Tax Department conducts searches in Bihar Posted On: 30 OCT 2020 The Income Tax Department has carried out searches on 29.10.2020 in the cases of four prominent contractor groups based in Patna, Bhagalpur, Hilsa, and Katihar. In addition, surveys have been conducted on some traders of mined rocks in Gaya. All the four groups… Read More »

Facilitating renewal of International driving licence while travelling abroad

By | October 10, 2020

Ministry of Road Transport & Highways Public suggestions invited for facilitating renewal of International driving licence while travelling abroad Posted On: 10 OCT 2020 12:44PM by PIB Delhi The Ministry of Road Transport and Highways has issued a draft notification GSR 624 (E) dated 7th October, 2020 seeking comments and suggestions for amendment to Central… Read More »

New functionalities made available for TCS and Composition taxpayers

By | September 3, 2020

New functionalities made available for TCS and Composition taxpayers 01/09/2020 1.Provision to make amendment, multiple times, in Table 4 of Form GSTR-8 Earlier, if no action was taken on TCS details, auto-populated in TDS/TCS credit form, by the supplier or if the same were rejected by them in the said form, the TCS (e-commerce operators)… Read More »