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GST Revenue collections in the month of February 2021 is Rs.1,13,143 crores
Press Release The gross GST revenue collected in the month of February 2021 is Rs. 1,13,143 crores of which CGST is Rs. 21,092 crores, SGST is Rs. 27,273 crores, IGST is Rs. 55,253 crores and Ces...
CBIC provides permanent facility to resolve invoice mismatch error (code SB-005) on payment of fees of Rs. 1000
Circular No. 05 /2021-Customs Dated 17th February, 2021 CBIC has provided the facility for resolving invoice mismatch errors with officer interface as an alternative measure for the shipping bill...
CBIC issued guidelines on procedure to be followed during search operation
Instruction No. 01/2020-21 Dated 2nd February, 2021 CBIC has issued guidelines concerning the procedures to be followed during search operation. These guidelines must be adhered to while conducti...
DGFT presents E-Tariff Rate Quota ('TRQ') framework for handling TRQ applications
DGFT has introduced e-TRQ system. With effect from 8th February, all applications will be submitted on the e-Tariff Rate Quota system.  All TRQ licenses will be issued electronically and no ...
CBIC modifies Bond (B-17) execution process: Circular
CBIC has clarified that in case of B-17 bond executed by EOU/STP/EHTPs in capacity of proprietorship or partnership firm; surety cannot be given by proprietor/ partner himself.  Such assurances s...
Quarterly Returns with Monthly Payment Scheme
A. Eligibility and Optingfor the scheme 1.What is “Quarterly Returns with Monthly Payment(QRMP)” Scheme?QRMP scheme is for small ta...
Constitutional validity of Rule 86B challenged in Gujarat HC, notice issued to Govt
Rule 86B of the Central Goods and Services Tax Rules, 2017 has been introduced w.e.f. 1st January 2021 vide Notification No. 94/2020 - Central Tax which allows utilization of ITC u...
CBIC issued instructions for its officers while filing Appeals/Petitions before Courts/ Tribunals
Circular No. 1077/01/2021 – CX Dated 19th January 2021BIC has directed its officers to strictly adhere to the aspect of limitation in filing appeals/ petitions before Courts/ Tribunal.  Signifi...

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

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