The Central Board of Direct Taxes (CBDT) vide its Press Release dated 25th June 2021 notify exemption for medical expenditure on COVID treatment and ex-gratia payment received on the death due to COVID. Further, CBDT also announces the extension in timelines for various compliances. The following extension has been provided:- 1. Filing of objection to
The Central Board of Direct Taxes (CBDT) vide its Circular No 11/2021 dated 21st June 2021 notifies that CBDT is issuing a new functionality “Compliance Check for Sections 206AB & 206CCA”. Circular No. 11 of 2021 F. No. 370133/7/2021-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *********** Dated:
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 156/12/2021 – GST dated 21st June 2021 issues clarification with respect to applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of Notification No. 14/2020 – Central Tax dated 21st March, 2020. CBIC Clarifies that: 1. Invoice issued to
Frequently Asked Questions about Service Exports from India Scheme (SEIS) Q. 1 What is SEIS? Ans.: SEIS Scheme, under the Foreign Trade Policy 2015-20, provides for a mechanism under which service providers who had provided any of the eligible notified services in a financial year are entitled to certain benefits. Benefits are in the nature
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 155/11/2021-GST dated 17th June 2017 clarified that GST rate 12% on Sprinklers or Drip Irrigation System along with their laterals/parts. Circular No. 155/11/2021-GST CBIC-190354/36/2021-TRU Section-CBEC Government of India Ministry of Finance (Department of Revenue) North Block, New Delhi, Dated the 17th June
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 152/08/2021-GST dated 17th June 2021 clarifies that construction services provided to a Government Entity, in relation to construction such as of a Ropeway on a turnkey basis do not eligible for concessional rate of 12% GST under entry No. 3 (vi) of
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 150/06/2021-GST dated 17th June 2021 clarifies that services by way of construction of road fall under the heading 9954. This heading inter alia covers general construction services of highways, streets, roads railways, airfield runways, bridges, and tunnels. Consideration for the construction of
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 53/2021 – Customs (N.T.) dated 16th June 2021 notify the amendment in tariff value of the specified goods. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)NOTIFICATIONNew Delhi, the 16th June, 2021No. 53 /2121-CUSTOMS (N.T.) S.O. 2349(E).—In exercise of the powers conferred
The Ministry of Micro, Small, and Medium Enterprises vide its Notification No S.O. 2347(E) dated 16th June 2021 extended the validity of the EM Part-II and Udyog Aadhar Memorandum (UAM) from 31st March 2021 to 31st December 2021 by amending its original Notification No S. O. 2119(E) dated 26th June 2020. MINISTRY OF MICRO, SMALL
