Statutory updates

224/18/2024-GST : Guidelines for recovery of outstanding dues, in cases wherein first appeal has been disposed of, till Appellate Tribunal comes into operation.

Taxability and Valuation of Corporate Guarantee Services Between Related Persons

This circular clarifies the taxability and valuation of corporate guarantee services provided between related persons under the Central Goods and Services Tax Rules.

Mechanism for refund of additional IGST paid on export price revision

This circular sets out the procedure for claiming and processing refunds of additional integrated tax paid on account of upward price revisions of goods after export.

Electronic Processing of Refund Applications Filed by Canteen Stores Department

The Central Board of Indirect Taxes and Customs sets the revised procedure for electronic submission and processing of refund applications by the Canteen Stores Department.

IBU Participation in Parent Bank Synthetic Securitisation

All IFSC Banking Units receive permission to participate in the synthetic securitisation program of their parent bank under specific conditions.

Remittances to IFSCs under the Liberalised Remittance Scheme

Authorised Persons may facilitate remittances under the Liberalised Remittance Scheme to International Financial Services Centres for all permissible purposes.

Amendment to Integrated Tax Rate for Electronic Commerce Operators

The Central Government reduces the Integrated Tax rate for electronic commerce operators.

Amendment to Union Territory Tax Rate for Electronic Commerce Operators

The Central Government amends the Union Territory Goods and Services Tax rate for electronic commerce operators.

12/2024-Central Tax : Seeks to make amendments (Amendment, 2024) to the CGST Rules, 2017.

Rescission of Notification No. 27/2022-Central Tax

The Central Government rescinds Notification No. 27/2022-Central Tax dated 26 December 2022.

Exemption from Filing Annual Return for FY 2023-24

The Central Board of Indirect Taxes and Customs exempts the registered person with an aggregate turnover up to two crore rupees in the financial year 2023-24 from filing the…

Amendment to Central Tax Notification No. 52/2018

The Central Government amends Notification No. 52/2018-Central Tax to change the tax rate for electronic commerce operators.

Proper Officer Amendment for Registration and Composition Levy

The Central Board of Indirect Taxes and Customs assigns proper officer functions under specific sections and rules of the Central Goods and Services Tax Act to the Superintendent…

Clarification on Interest Equalisation Scheme Extension

The Directorate General of Foreign Trade issues clarifications regarding the extension of the Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit.

Amendment to Circular No. 29/2020-Customs for Bengaluru Air Cargo

The Central Board of Indirect Taxes and Customs amends Circular No. 29/2020-Customs to allow the transhipment of Bangladesh export cargo to third countries through Air Cargo…

Specification of Telangana Agriculture Production Commissioner under Section 138

The Central Government specifies the Agriculture Production Commissioner and Secretary to Government, Agriculture and Cooperation Department, Government of Telangana, for the…

Direct Market Access and Sponsored Access for Bullion Exchange

The International Financial Services Centres Authority applies existing direct market access and sponsored access guidelines to the Bullion Exchange, Bullion Trading Members, and…

Telecommunication (Broadcasting and Cable) Services (Eighth) (Addressable Systems) Tariff (Fourth Amendment) Order, 2024

This Order amends the 2017 Tariff Order for addressable systems, introducing forbearance for Network Capacity Fees (NCF) and removing the 40% ceiling on NCF for additional TV…