Monthly Archive: March 2023

The Central Board of Indirect Taxes and Customs (CBIC) has made amendments to Notification No. 19/2022-Customs (N.T.) dated March 30, 2022. The changes include inserting the word “electronic” after the words “used for making”...

The Central Board of Indirect Taxes and Customs announced that certain deposits will be exempted from the provisions of section 51A of the Customs Act, 1962. The exemption applies to goods imported or exported...

The Central Government of India has amended compensation cess rates under the Goods and Services Tax (Compensation to States) Act, 2017, effective from April 1, 2023. The changes, recommended by the Council, adjust the...

The Ministry of Finance has appointed April 1, 2023, as the date for implementing Section 163 of the Finance Act, 2023 (08 of 2023).See Ntfn-01_2023_CC_Rate-dated-31.03.2023

The Ministry of Finance has announced a waiver for the late fee exceeding INR 500 for registered persons who fail to submit the final GSTR-10 return by the due date. The waiver will apply...

The Ministry of Finance has announced amendments to the Central Goods and Services Tax Act, 2017, waiving the late fee in excess of INR 250 for registered persons who fail to furnish GSTR-4 returns...

The Indian Government has announced the phased implementation of the Electronic Cash Ledger (ECL) in Customs starting April 1, 2023. The ECL, introduced under Section 51A of the Customs Act, 1962, will allow importers,...

The Central Government has issued Notification No. 18/2023-Customs on March 29, 2023, amending the notification of the Government of India in the Ministry of Finance (Department of Revenue), 8/2020-Customs, dated February 2, 2020. The...

The Central Government has issued Notification No. 17/2023-Customs, amending the Government of India’s Ministry of Finance (Department of Revenue) Notification No. 50/2017-Customs, on March 29, 2023. The new S. No. 460A, 460B, 460C, 460D,...

The Ministry of Finance has issued a circular clarifying the GST rate and classification for ‘Rab,’ following the 49th GST Council meeting held on 18th February 2023. Effective from 1st March 2023, a 5%...