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. September 28, 2021 Read more
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 September 26, 2021 Read more
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 September 25, 2021 Read more
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 September 24, 2021 Read more
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 September 22, 2021 Read more
GST Update on difficulty in updation of Electronic Cash Ledger on 20.09.2021. https://t.co/pT1zjFo9AG September 21, 2021 Read more