CBIC Simplifies GST Registration Process and Restricts Unnecessary Officer Queries The Central Board of Indirect Taxes & Customs (CBIC) has issued Instruction No. 03/2025-GST dated 17th April 2025, to streamline the process of GST registration and minimize unnecessary queries and document requests by officers. Key points include: Simplified Documentation: Only specified documents listed in FORM […]
EXPORT PROMOTION CAPITAL GOODS – EPCG SCHEME https://www.youtube.com/watch?v=WNBwSvmYFE8 EPCG stands for Export Promotion Capital Goods. The objective of this scheme is to facilitate the import of capital goods with the purpose of producing quality goods and services to enhance India’s export competitiveness. EPCG scheme allows import of capital goods for pre- production, production and post-production […]
Documents Needed to Start Exports | Registration Required for Export Business https://youtu.be/N5F30SJxMRM Description:Want to start exports but unsure about the registration required and documents needed? In this video, we break down all the essential paperwork you must have to legally set up your export business. 📌 Topics Covered:✅ Importer Exporter Code (IEC) Registration✅ GST Registration […]
New Income Tax Bill Introduced in Lok Sabha New Delhi, February 13, 2025 – The government today introduced the Income Tax Bill 2025, in the Lok Sabha, aiming to bring significant changes to the existing tax framework. Finance Minister Nirmala Sitharaman presented the bill, emphasizing the government’s commitment to simplifying the tax system and promoting […]
Union Cabinet Approves New Income Tax Bill, Set for Lok Sabha Discussion on Monday: Reports New Delhi, Feb 8, 2025 – The Union Cabinet has approved the much-anticipated new Income Tax Bill, paving the way for a major overhaul of the existing tax framework. The bill is expected to be tabled in the Lok Sabha […]
India to Introduce New Income Tax Act, Finance Minister Confirms in Budget 2025 New Delhi, February 1, 2025 — In a landmark announcement during the Union Budget 2025 presentation, Finance Minister Smt. Nirmala Sitharaman confirmed the introduction of a new Income Tax Act, signaling a transformative shift in India’s taxation framework. This reform aims to […]
Key Highlights of Union Budget 2025: Major Reforms in Taxation, MSME Growth, and Export Promotion The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces several key reforms aimed at stimulating economic growth and enhancing the ease of doing business in India. Export Promotion Measures: Duty-Free Inputs for Handicraft and Leather Sectors: To support […]
GST Amnesty Scheme 2024 For Waiver of Interest and Penalty | Explained: Section 128A of CGST Act | Introduction The GST Council, in its 53rd and 54th meetings, recommended the insertion of Section 128A into the Central Goods and Services Tax Act, 2017 (CGST Act). This new section, effective November 1, 2024, enables taxpayers to […]
Opportunity for Taxpayers to Correct Discrepancies in GSTR-3B GSTN provided an opportunity for taxpayers to correct discrepancies in GSTR-3B vide issuing advisory dated 09.04.2024 on Reset and Re-filing of GSTR-3B of some taxpayers. The advisory issued by GSTN is provided below for the taxpayers: Dear Taxpayers, 1. This has reference to the facility for re-filing of […]
Haryana Excise and Taxation Department issued ROD (Removal of Difficulty Order) on OTS-2023 The Excise and Taxation Department, Haryana has announced “The Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2023” vide Notification No. No. 71/ST-1 dated 30/12/2023 which was applicable from 01/01/2024. Now, in continuation of that scheme government has issued Removal […]