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Prompt Corrective Action Framework - Indian Overseas Bank

CBDT issues order u/s 119(2)(b) of Income-tax Act, 1961 in F. No. 299/22/2021-Dir(Inv.III)/174 dated 28.09.2021, for filing applications for settlement before Interim Board for Settlement by 30.09.2021, subject to certain conditions. Provides relief to taxpayers who were eligible to file application for settlement as on 31.01.2021 before ITSC, but could not, due to cessation of ITSC vide Finance Act, 2021.

Implementation of Recommendation of 45th GST Council Meeting.Detailed circular to clarify the admissibility of refund under Section 77 of CGST Act/Section 19 of IGST Act issued.Link to circular 👉 https://t.co/6SmhjKcnMf https://t.co/6XCQR7SdD9

CBIC notifies Electronic Duty Credit Ledger Regulations, 2021 specifying the manner of issuance and use if duty credit in the electronic ledger.Link to notification 👉 https://t.co/BuZG2Qihbn https://t.co/e7Ff1Jk9Ye

Gross Direct Tax collections for FY 2021-22, as on 22.09.2021, at Rs. 6.46 lakh crore register a growth of 47% over collections of the corresponding period in the preceding year. Net Direct Tax collections at Rs. 5.71 lakh crore have grown at over 74% in the same period. https://t.co/5O4EkPJ9f4

CBIC has integrated the application and approval process for Manufacturing in Bond scheme (MOOWR) with National Single Window. CBIC is committed to improve #EODB and facilitate investments for a #AatmaNirbharBharat #SingleWindowToIndia https://t.co/pPOpkR01I8

GST Update on difficulty in updation of Electronic Cash Ledger on 20.09.2021. https://t.co/pT1zjFo9AG

Recommendations of 45th GST Council Meeting

Recommendations of 45th GST Council Meeting Several people centric decisions taken by GST Council Posted On: 17 SEP 2021 9:16PM by PIB Delhi Life-saving drugs Zolgensma and Viltepso used in treatment of Spinal-Muscular Atrophy exempted from GST when imported for personal use Extension of existing concessional GST rates on certain COVID-19 treatment drugs upto 31 st December 2021 GST rates on 7 other medicines recommended by Department of Pharmaceuticals reduced from 12% to 5% till 31 st December 2021 GST rate on Keytruda medicine for treatment of cancer reduced from 12% to 5% GST rates on Retro fitment kits for vehicles used by persons with special abilities reduced to 5% GST rates on Fortified Rice kernels for schemes like ICDS reduced from 18% to 5% Council also recommends major changes in GST rates and scope of exemption on Services Recommends several clarifications in relation to GST rates on Goods and Services Council recommends several measures relating to GST law and ...