CBIC issues Standard Operating Procedure (SOP) for verification of taxpayers granted deemed registration.
CBIC waives penalty on failure to affix QR code on B2C e-invoices for the period from 01.12.2020 to 31.03.2021.
Tax Invoices should have 8 digit HSN code for specified products classified under Chapters 28, 29, 38 & 39.
CBDT issues clarifications regarding TDS on Salaries during FY 2020-21.
CBDT issues clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020.
Anti-dumping duty imposed on “Nylon Tyre Cord Fabric (NTCF)” revoked.
Anti-Dumping duty imposed on imports of “Cold-Rolled Flat Products of Stainless Steel of width 600 mm to 1250 mm and above 1250 mm of non-bonafide usage falling under tariff heading 7219” extended upto 31.01.2021.
Anti-dumping duty on imports of “Methylene chloride” from China PR extended upto 31.1.2021.
Provisional Anti-dumping duty introduced on imports of “Toluene Di-isocyanate (TDI) having isomer content in the ratio of 80:20” from European Union, Saudi Arabia, Chinese Taipei and UAE for a period of six months.
With a view to further enhance the ease of doing business and quicken the approval process, RBI has delegated more powers to the Authorised Dealer Category – I banks (AD banks) in the areas of Direct Dispatch of Shipping Documents, Write-off of unrealized Export bills, Set-off of Export receivables against Import payables and Refund of Export Proceeds.