Income Tax Exemption for Disabled Personnel of Armed Forces applicable to all Officers and Jawans: CBDT [Read Circular]

The Central Board of Direct Taxes (CBDT) has clarified that the income tax exemption under the Act would be applicable to all officers and jawans of armed forces. The Board has issued a circular regarding the exemption of service element and disability element of disability pension granted to disabled personnel of armed forces who have […]

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GST Invoice New Changes & QR Code

Govt warns Use of Fake GST Invoices

The Government has warned the use of fake invoices resulting in evasion of Goods and Services Tax ( GST ) and directed the officers to take strict measures to curb such practices. Speaking on the second anniversary of the implementation of the goods and services tax, Minister of State for Finance Anurag Thakur said the […]

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ICAI grants Three more Attempts to Candidates registered for Post Qualification Course on International Trade Laws

The Institute of Chartered Accountants of India ( ICAI ) has granted three more attempts to the candidates who have registered for the Post Qualification Course on International Trade Laws & WTO. The benefit would be available from November 2019. “The Council at its 382nd (Adjourned) Meeting held from 15th to 16th April, 2019 has […]

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CBIC clarifies Issues on Filing & Processing of Refund Claims by Retail Outlets established at Airports [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) has issued detailed guidelines on the refund of taxes paid on inward supply of indigenous goods by retail outlets established at the departure area of the international airport beyond immigration counters when supplied to outgoing international tourist against foreign exchange. The circular clarified that the refund […]

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GST: Kerala again postpones Flood Cess [Read Notification]

The Kerala Government has again postponed the implementation of Flood Cess on the goods and services supplied within the State to final customers to 1st August from July 1st 2019. As per the recommendation of the GST Council, the cess would be imposed for two years. A proposal to levy a disaster cess on the GST […]

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GST to be a WIN-WIN situation for all the Stakeholders Associated with the best Tax GST, says MoS Anurag Thakur

The Minister of State for Finance & Corporate Affairs, Anurag Thakur said that Goods & Services Tax (GST) has been a Game Changer for all the stakeholders in the economy. The Minister of State for Finance, Shri Thakur was speaking at the ‘GST Day’ Celebrations organized by the Central Board of Indirect Taxes &Customs (CBIC) […]

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