External Affairs Minister Dr. S Jaishankar, who visited the Dominican Republic, yesterday held talks with Dominican Trade and Industry Minister Ito Bisono, and both agreed to take forward the business ties. The Dominican Trade Minister in a tweet said the two sides discussed opportunities in energy, pharma, agriculture, mining and IT in the Caribbean region. […]
Finance Minister Nirmala Sitharaman has directed the Central Board of Indirect Taxes and Customs (CBIC) to implement an action plan to increase the taxpayer base through enhanced use of technology. Ms. Sitharaman said this while chairing a review meeting with CBIC in New Delhi today. She also directed CBIC to introduce its automated GST return
Union Minister for Commerce and Industry, Piyush Goyal, delivered the inaugural address at the ‘India Calling Conference 2023’ organized by the Indian Merchants Chamber in Mumbai. During his address, he highlighted the contribution of companies from small countries, such as the Czech Republic and Poland, to the supply chain of big companies around the globe.
Introduction Well, folks, it’s that time of year again ! The much-awaited National MSME Award 2023 is just around the corner, and every micro, small, and medium enterprise (MSME) is gearing up to grab a slice of the pie. You might be thinking, “How on Earth am I supposed to win this prestigious award?” Don’t
Tariff Notification No. 32/2023 – Customs (N.T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of
If you are an importer or exporter in India, you might have heard about Ice Gate registration. Ice Gate stands for the Indian Customs Electronic Commerce/Electronic Data Interchange Gateway, and it is a portal that provides various online services related to customs clearance. In simple terms, Ice Gate is an e-commerce platform that enables the
Where the Central Government or the Board or an income-tax authority, who has been conferred upon the power under any provision of this Act to grant any approval to any assessee, the Central Government or the Board or such authority may, notwithstanding that a provision to withdraw such approval has not been specifically provided for
Where, under any provision of this Act, the approval of the Central Government or the Board is required to be obtained before a specified date, it shall be open to the Central Government or, as the case may be, the Board to condone, for sufficient cause, any delay in obtaining such approval.
(1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of granting approval or registration, as the case may be, by income-tax authority under any provision of the Act, so as to impart greater efficiency, transparency and accountability by— (a) eliminating the interface between the income-tax authorities and
(1) If the Central Government is satisfied that it is necessary or expedient so to do in the public interest, it may, by notification in the Official Gazette, make an exemption, reduction in rate or other modification in respect of income-tax in favour of any class of persons specified in sub-section (2) or in regard
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