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GST shock for inverter buyers
Accordingly, GST is payable at 18% on UPS/ inverter (classifiable under heading 8504), and GST is payable at 28% on external batteries (classifiable...
CBIC rationalises GST refund rules
New Delhi The Central Board of Indirect Taxes and Customs (CBIC) has rationalised GST refund provisions, including giving option to taxpayers to...
Covid imports CBIC assigns nodal officers in each zone
New Delhi In order to facilitate quick clearance of imports of Covid-19 related equipment or medicaments, the Central Board of Indirect Taxes and...
Govt waives late fee for GST filing
Also slashes interest rate on GSTR-3B returns for March, April
Duty cut on petrol, diesel when time comes: CBIC chief
THE government will look to reduce prices of petrol and diesel through a cut in taxes when the time comes, the head of the agency responsible for...
E-invoicing norm hits MSMEs hard
CBIC has made electronic invoicing mandatory for all tax-paying businesses with an aggregate turnover exceeding Rs 100 cr
Nellore: On the verge of rapid industrialisation
Nellore district, which is officially known as Sri Potti Sriramulu Nellore district, has the potential to becoming a mega industrial corridor.
CBIC introduces its flagship Liberalised MSME AEO Package
Recognising the critical contribution of micro, small and medium enterprises (MSMEs) in supporting the economy especially during the present difficult...
