Notification issued as per decisions taken in 43rd meeting of GST Council  GST Council in its 43rd meetings held on 28th May 2021 took several decisions to provide relief to the taxpayers.  CBEC has issued notifications to implement the recommendations of the GST Council as under: Notification No.  …

Govt. further waives IGST on import of COVID-19 medicines etc. for donation to Central/State Government, State authority, relief agency etc. MINISTRY OF FINANCE(Department of Revenue)   Notification No.32/2021-Customs New Delhi, the 31st May, 2021   G.S.R. 355(E).—In exercise of the powers conferred by sub-section (1) of section 25 …

Emergency Credit Line Guarantee Scheme (ECLGS) expanded – ECLGS 4.0 for onsite oxygen generation, wider coverage of ECLGS 3.0 and increase in tenor for ECLGS 1.0   On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the …

Group or Ministers (GoM) constituted on GST concessions/exemptions to COVID relief material  In pursuance of the decisions taken by the GST Council at the 43rd meeting on 28th May 2021, a eight members Group of Ministers (GoM) has been constituted to examine the issue of GST concessions/exemptions from …

  Import-Exporter Code (IEC) Services not available due to non-availability of PAN Validation Services from 01.06.2021 to 06.06.2021   The Income Tax Depart is launching a new e-filing website on 7th June 2021. In preparation of the transition to the new system, the existing E-filing portal will not be available from …

Land cannot be considered as non agricultural, simply because of a Farm house located thereon . Existence of a farm house cannot change the classification of land ABCAUS Case Law CitationABCAUS 3504 (2021) (05) ITAT Important case law relied referred:Smt. Sarifabibi Mohmed Ibrahim vs. CIT 204 ITR 631 …