NEW DELHI : During a crackdown to check the misuse of IGST (Integrated Goods and Service Tax) funds by star exporters, the Central Board of Indirect Taxes (CBIC), through a sample study of 241 cases, has identified at least 9 star export houses that are untraceable and 82 such exporters whose declarations before income tax and GST have significant variance.
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has asked the Directorate General of Foreign Trade to make the accreditation system for star exporters more robust to curb tax fraud.
The government is planning to extend the safeguard duty imposed on imported solar power equipment from China, sources said.
The Union budget 2020 is few days away. And as the economy limps off to the new financial year, people at large are expecting the Budget to give some booster dose to revive consumption that has seen sharp moderation over the first half of the current financial year.
The Authority of Advance Ruling ( AAR ) in Tamil Nadu held that the mixed supply of services that are billed at a single price is liable for a highest GST rate of the services supplied ie. 18%.
NEW DELHI: The recovery of money owed to the micro, small and medium enterprises (MSMEs) by corporate debtors should be brought in the ambit of corporate insolvency resolution process (CIRP) costs, said the Federation of Indian Micro and Small & Medium Enterprises (FISME) in its pre-budget presentation to the finance minister.