Anti-dumping duty on tubes, pipes to stay till October

The duty on ‘seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm’ was first imposed in May 2016 for five years. Continue Reading

Revenue Dept says no instruction given to officials to collect GST in cash

The Finance Ministry has said it has not issued any instructions to officials to ask taxpayers to pay maximum GST liability in cash. Continue Reading

‘New e-invoicing mandate places increased challenges on businesses’

The new e-invoicing mandate in India has placed increased challenges on businesses, said Avalara, Inc, a provider of cloud-based tax compliance automation for businesses of all sizes. Continue Reading

CBIC, CBDT sign MoU

The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) on Tuesday signed a Memorandum of Understanding (MoU), for data exchange between the two organisations. Continue Reading

Government unveils two new IT initiatives

The government unveiled two new IT initiatives, ICEDASH and ATITHI, for improved monitoring and pace of customs clearance of imported goods. These initiatives will also facilitate arriving international passengers with e-filing of baggage and currency declarations. Continue Reading

Commerce Ministry working on new payment methods

The commerce ministry is working on a proposal to allow domestic companies to make payments in the rupee currency for services obtained from special economic zone units, sources said. Continue Reading

CBIC favours extending fiscal incentives based on job creation, investments

The Central Board of Indirect Taxes and Customs (CBIC) has favoured extending incentives based on parameters like job creation and committed investments across the country, sources said. Continue Reading