CBIC has launched a new Warehouse Module on the Indian Customs Electronic Gateway
This module introduces a streamlined, digital framework for various warehouse-related activities, aiming to reduce paperwork, enhance transparency, and promote efficiency. Key features include online filing for warehouse licenses, submission of transfer requests, and uploading of monthly returns. This article provides an overview of the newly introduced processes.
Timeline for examination of input tax credit against reduction of price
CBIC has appointed the 1st day of April, 2025 as the last date to submit request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by that registered person.
Extended Deadline for Filing Audit Reports for AY 2024-25
The deadline for submitting audit reports for the Previous Year 2023-24 has been extended from its original date of September 30, 2024, to October 7, 2024
New Rajasthan Goods and Services Tax (Second Amendment) Rules, 2024
Rajasthan Goods and Services Tax (Second Amendment) Rules, 2024, introduces significant changes, particularly in the way Input Service Distributors (ISDs) handle the distribution of input tax credit.
New Delhi Goods and Services Tax (Third Amendment) Bill, 2024
This bill seeks to amend the Delhi Goods and Services Tax Act of 2017, addressing various aspects of taxation related to online gaming, casinos, and other forms of betting.
A New Era for Property Taxes in Delhi: MCD Announces Online Filing Requirement
starting April 1, 2025, the corporation will no longer accept property tax payments without a corresponding online PTR filing.
Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2024
The amendment provides that where an export is made under Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP) or Rebate of State and Central Taxes and Levies (RoSCTL) schemes, the Authorised Courier or his agent, who has passed the examination under the Customs Brokers Licensing Regulations, 2018, shall make entry of goods for export in the electronic integrated declaration referred to in the Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019.
New Maharashtra Value Added Tax (Amendment) Rules, 2024
The recent amendment introduces a new rule, Rule 34A, which mandates the publication of pending appeal cases by the Appellate Authority and the Tribunal.
Important Update: Amendment to Commercial Taxes Notification in Andhra Pradesh
This amendment pertains to the collection of a levy on intra-state taxable supplies facilitated for other suppliers. The previous rate of 0.5% (referred to as HALF PER CENT) has been revised to 0.25% (or “QUARTER PER CENT”).
New Guidelines for Claiming IGST Refunds: A Relief for West Bengal Exporters
The introduction of this refund mechanism for additional IGST paid due to price revisions marks a significant step in addressing the challenges faced by exporters in West Bengal.
