Daily Headlinez Top News Updates
NEW DELHI: Finance minister Nirmala Sitharaman, who is due to present a record ninth consecutive budget, is working with a team of officials which is a mix of experience and fresh faces.It is likely that for the first time in recent years, she will not have a finance secretary, a first among equals, leaving it…
The new consolidated notification effectively merges all relevant exemptions and procedural details into a single framework, eliminating redundancy while preserving the substance of existing benefits. NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs duty notifications into a consolidated one. It said the new…
NEW DELHI: Trading company Wintrack Inc has levelled serious allegations of corruption and harassment against customs officials in Chennai and announced that it is halting exports and imports from the country, prompting the revenue department to initiate a probe by a senior official.In an eight-minute video posted on X on Thursday, the company’s CEO, Prawin…
The Government is actively monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG and daily essential items to consumers, officials said Tuesday.Following complaints that some online platforms have not fully reflected the reduced GST rates in their pricing, authorities have instructed field formations to track price changes closely. New GST Rates…
NEW DELHI: The govt expects businesses to pass on the benefit of lower goods and services tax (GST) to consumers and the states and the Central Board of Indirect Taxes (CBIC) and Customs will engage with industry on the issue. “…last time, industry had passed on the benefits of rate cuts and you would have…
