Bihar Biofuels Production Promotion Policy, 2023

The policy defines the eligibility criteria for different types of units and feedstocks. Standalone distilleries producing 100% fuel-grade Ethanol and CBG/bio- CNG manufacturing units are eligible for incentives under this policy. The production of Ethanol and CBG/bio-CNG from approved feedstocks mentioned in the National Policy on Biofuels, 2018, and subsequent permissions granted by the National Biofuel Coordination Committee are allowed in Bihar.

Karnataka government allows Tax exemptions under Professions, Trades, Callings, and Employments Act

Directors of companies registered in Karnataka and nominated by financing agencies owned or controlled by the State Government or other statutory bodies are eligible for tax relief, supporting their roles in public service and governance. Furthermore, members of the Armed Forces, both combatant and civilian non-combatant, governed by the Army Act, 1950, the Navy Act, 1957, and the Air Force Act, 1950, can avail tax exemptions, acknowledging their sacrifices and dedication to the nation’s security.

Central Government extends due date for filing GSTR 3B

As per the revised timeline, the registered persons who fail to furnish the GSTR 3B return by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023, the total amount of late fee shall stand waived which is in excess of ten thousand rupees.