Committed to Help GST Taxpayers in COVID-19 Situations: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation. Since 30th March 2020, CBIC has processed 12,923 refund applications involving claims worth Rs 5,575 Crore, while in the last week itself, CBIC has processed 7,873 claims worth Rs 3854 Crore. The CBIC […]

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Reconsider increase in turnover to Rs. 5 Crore for filing GSTR-9C

ICAI raises its Concern over increasing the threshold limit from Rs. 2 Crore to Rs. 5 Crore for filing Reconciliation Statement in form GSTR-9C and requested CBIC to reconsider its decision.  ICAI submitted that As per the data available 7% of registered taxpayers fall in the category of turnover above Rs. 5 Crores and hence a large […]

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PM Modi launches the technology platform Champions

PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs Posted On: 01 JUN 2020 5:04PM by PIB Delhi Prime Minister Shri Narendra Modi today launched the technology platform CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. As the name suggests,the portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and […]

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Centre Releases ₹ 36400 Crore as GST Compensation to States

Centre Releases Rs. 36,400 Crore as GST Compensation to States Posted On: 04 JUN 2020 8:28PM by PIB Delhi Taking stock of the current situation due to COVID-19 where State Governments need to undertake expenditure while their resources are adversely hit, the Central Government has released the GST Compensation of Rs.36,400 crore to the States/UTs with […]

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FOSCOS (Food Safety Compliance System) Launched By FSSAI

FOOD SAFETY COMPLIANCE SYSTEM (FoSCos)- A new system launched by FSSAI –which is effective from 01.06.2020. This the best initiative taken by our Government for the best utilisation of the services provided by FSSAI in regulated manner. This new system has replaced the existing Food Licensing and Registration System (FLRS). FLRS has been used since 2011. Earlier […]

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A guide on General Precautions for Covid-19 Prevention

This guide on COVID-19 is prepared by GIPARD in consultation with the Department of Preventive & Social Medicine, Goa Medical College & Hospital; in the larger public interest and for the benefit of different sections in the society, so that they can take the necessary precautions and protect themselves as well as others from getting […]

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HIGHLIGHTS OF RBI GOVERNOR’S ANNOUNCEMENTS DATED 22.05.2020

1. Maximum permissible period of pre and post shipment of credits increased from 1 year to 15 months 2. Rs 15,000 crore to EXIM banks RBI allocates Rs 15,000 crore to EXIM banks to avail US dollar swap facility. This will have a rollover facility to up to one year. 3. RBI extends the three-month […]

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Public Provident Fund Scheme, 2019

The deposits made in the account between 12th December, 2019 to 31 st March, 2020 (both days inclusive) and the balances at the credit of the account shall bear interest at the rate of 7.9 per cent. per annum. Lowest balance at the credit of an account between the close of the fifth day and the end of […]

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ITAT, for the first time, holds hearing through video conferencing

A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web based video conferencing platform, heard and disposed of an urgent stay petition today. This is a first in the 79-year-old history of this Tribunal. The petition was heard by a two member bench of the […]

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Committed to Help GST Taxpayers in COVID-19 Situations: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation. Since 30th March 2020, CBIC has processed 12,923 refund applications involving claims worth Rs 5,575 Crore, while in the last week itself, CBIC has processed 7,873 claims worth Rs 3854 Crore. The CBIC […]

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