New Tax Guidelines: What Businesses Need to Know About Arm’s Length Pricing
The Ministry of Finance issued an important notification that will impact how businesses determine the arm’s length price for international and specified domestic transactions for the assessment year 2024-2025.
Important Update: Amendments to Cough Syrup Export Policy
The Ministry of Commerce and Industry in on October 18, 2024 announced significant changes to the export policy for cough syrups under Chapter 30 of the ITC (HS) 2022.
CBDT relaxes deadline for filing audit report in Form 10B for those trusts/institutions/funds, responsible to furnish
On consideration of the matter, with a view to avoid genuine hardship to those trusts/institutions/funds, CBDT has allowed such trusts/institutions/funds to furnish such audit report in the applicable Form No. 10B/10BB on or before 10 November, 2024.
Telangana Government Updates GST Rules for Aadhaar Authentication
The new amendment introduces important changes to the process of Aadhaar authentication for applicants.
New Enforcement Dates for Certain Provisions of Puducherry Goods and Service Tax (Amendment) Act 2024
Department of Commercial Taxes, Puducherry Administration, announced important enforcement dates for certain provisions of the Puducherry Goods and Service Tax (Amendment) Act 2024.
Amendment to Retail Excise Tax in Andhra Pradesh
Government of Andhra Pradesh announced an important amendment regarding the Additional Retail Excise Tax (ARET) on various alcoholic beverages
Guidance FAQs on the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024
It is clarified that the DTVSV scheme is not applicable in cases relating to an assessment year in respect of which prosecution has been instituted on or before the date of filing of declaration, relating to any undisclosed income from a source located outside India or undisclosed asset located outside India, relating to an assessment or reassessment made on the basis of information received under an agreement, if it relates to any tax arrear.
Announcement Of Enforcement Dates for the Manipur Goods and Services Tax (Amendment) Act 2024
The Government of Manipur appointed certain dates for the enforcement of the provisions of the sections of the Manipur Goods and Services Tax (Amendment) Act 2024.
Ministry of Finance Announces New Interest Rate for Special Deposit Scheme
Effective from October 1, 2024, until December 31, 2024, deposits made under the SDS will earn an interest rate of 7.1% (seven-point one percent).
Annual Report on Narcotics Control Activities (2023-2024)
the Ministry of Finance released its annual report detailing the activities financed under the Narcotic Drugs and Psychotropic Substances (National Fund for Control of Drugs Abuse) Rules, 2006.
