A. Amendment
DGFT-Public Notice No. 34/2024-25 dated 17.12.2024
DGFT issued Public Notice No. 33/2024-25 dated 14.11.2024 for Fixation of one new Standard Input Output Norms (SIONs) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’).
GSTN Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration
Guidance for Accurate Entry of RR No./eT-RRs following the Integration of E-Way Bill (EWB) with Freight Operation Information System (FOIS) system of Indian Railways.
B. Tax in Media
AP Chambers urges GST Council to refrain from introducing new slab rates
Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) wrote to the Chairperson of the GST Council, Nirmala Sitharaman, requesting her to refrain from introducing new GST slab rates. Increased rates can adversely impact businesses, the Chambers said in the letter.
GST Council To Discuss Key Tax Proposals, Including EV Resale Tax Hike And Food Delivery Tax Cut
The Goods and Services Tax (GST) Council is set to meet on 20-21 December in Jaisalmer, Rajasthan, where it will deliberate on several crucial tax proposals, including some potential hikes and some reductions.
The GST Council, in its upcoming meeting on December 21, is set to deliberate on and is likely to approve rules for the implementation of the Invoice Management System (IMS). It is expected to address fake invoicing and tax evasion under the GST framework, sources in the Council said.
US President-elect Donald Trump reiterated his stance on imposing reciprocal taxes, accusing India of levying “high tariffs” on American goods and warning of similar measures from the United States.
No more duty-free import of solar power items: CBIC
To push domestic manufacturing, the government has withdrawn a scheme, which permitted duty-free import of goods for solar power generation.
PAN 2.0 targeted for fraud: How to protect yourself from misinformation
Permanent Account Number (PAN) is needed to prove identity for financial transactions and taxation. The government recently introduced PAN 2.0 to streamline the process for updating and reprinting process the card. Taxpayers can now request a reprint of their PAN card, which includes an embedded QR code, for a fee of Rs 50.
The Employees Provident Fund Organisation (EPFO) has given one last chance to employers to approve the pending pension applications under the Higher EPS Pension scheme by January 31, 2025.
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