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 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
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 »
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An urgent meeting of GST Council’s Law Committee has been called on November 18 , 2020 to discuss the issue of fake invoice frauds, tightening of the GST registration process & more intense legal measures to control fake invoicing.
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 »
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Prime Minister’s Office PM launches physical distribution of Property Cards under the SVAMITVA Scheme Promises to give such property cards to every household in the next three – four years Property cards will ensure easy access to bank loans: PM Posted On: 11 OCT 2020 Prime Minister Shri Narendra Modi launched physical distribution of property… Read More »
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 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 »