Month: February 2023

Budget 2023 : CBIC Notification No. 13/2021 & 34/2022-Customs, related to Social Welfare Surcharge rescinded

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 05/2023-Customs  Dated: 1st February, 2023 G.S.R….(E).– In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 110 of the Finance Act, 2018 (13 …

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RBI floods banks with Rs 3.74 lakh crore, CFO News, ETCFO

Shaktikanta Das, RBI Governor The Reserve Bank of India today went all out in the war against coronavirus pandemic (COVID-19). The central bank moved to infuse about Rs 3.74 lakh crore liquidity to revive the financial system using tools such as the cash reserve ratio (CRR), long-term repo operation (LTRO) and marginal standing facility (MSF) …

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Budget 2023 : CBIC Amendment in Custom duty Rates on certain electronic items

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 06/2023-Customs  Dated 1stFebruary, 2023 G.S.R. …….. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it …

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Government extends deadline to file GSTR 3B return to August 28, CFO News, ETCFO

The deadline for first GST Return, GSTR- 3B, has been extended (states are still coming up with Notifications) to August 28 from its original deadline of August 20. However, one must keep in mind that this is only for taxpayers who opt to use the opening balance of pre-GST credit in the current month. Those …

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Budget 2023 : Project Imports (Amendment) Regulations, 2023

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 07/2023-Customs New Delhi, the 1st February, 2023 G.S.R……..(E).- In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations further …

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Budget 2023 : India-UAE Comprehensive Economic Partnership Agreement

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 08/2023-Customs New Delhi, dated the 1st February, 2023 G.S.R…. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in …

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