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The Finance Bill is likely to prescribe at least five changes in Goods and Services Tax laws to further facilitate ease of doing business. These amendments are based on GST Council’s recommendations.
The four citizen-centric initiatives include revised Citizen’s Charter, Revamped Citizen’s Corner for complete tax related information, ‘Ease of Doing Business’ tab for making suggestions, and CBIC Archives for tax repository
DGFT published a Public Notice no. 24/2024-25 dated 20.09.2024 to make amendment in Chapter 5 of the Handbook of Procedures (HBP) 2023, related to EPCG Scheme to reduce ‘Compliance Burden’ and enhance ‘Ease of doing Business’.
The CGST Audit Commissionerate has laid emphasis on Ease of Doing Business (EoDB), said Commissioner P Anand Kumar. CII Vijayawada organised an interactive session with CGST Commissioner in the city on Friday.
The second edition of the National Conference of Enforcement Chiefs of the State and the Central GST Formations was held in New Delhi today. The National Conference comes in the backdrop of special drive being undertaken by both Central and State formations to identify and weed out fake registrations.
The central government may decriminalise minor income tax offences and replace prosecution with penalties as part of its agenda for the first 100-days. The news was broken by MoneyControl, which cited a senior government official, stating that the move was aimed at enhancing the ease of doing business.
In a first, the Centre is likely to fulfil a long standing demand of the industry to decriminalise minor income tax offences to prevent prosecution and replace it with penalty, with the aim to boost ease of doing business, a senior government official said.
India has improved its raking in the global sweepstakes for ease of doing business in the recent years, but a lot needs to be done for it to be at the top of the pecking order.
In a welcome move, the Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines to its Goods and Services Tax (GST) filed formations for maintaining ease of doing business while engaging in investigation with regular taxpayers.
CBIC issued an Instruction No. 01/2023-24-GST (Inv.) dated 30.03.2024 providing guidelines for CGST filed formations in maintaining ease of doing business while engaging in investigation with regular taxpayers.