Articles under Indian Union Budget 2021-22
Posted on 01 February 2021
Indian Budget 2021-22, GST
Central Goods and Services Tax Act (CGST) Integrated Goods and Services Tax Act(IGST) Amendments under Indian Union Budget 2021-22
Goods and Service Tax
Note: (a) CGST Act, 2017 means Central Goods and Services Tax Act, 2017
(b) &n
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Posted on 01 February 2021
Indian Union Budget 2021-22, Central Excise changes
Central Excise Duty changes under Indian Budget 2021-22
EXCISE
Note: (a) “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the Central Excise Act, 1944.
(b) “Road and Infrastructure Cess” means the additional duty of central excise levied under sec
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Posted on 01 February 2021
Indian Budget 2021-22, Customs changes
According to Indian Budget 2021-22, Customs duty changes are given below;
CUSTOMS
Note:
(a) “Basic Customs Duty” means the customs duty levied under the Customs Act, 1962.
(b) Clause nos. in square brackets [ ] indicate the relevant clause of the Fin
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Posted on 01 February 2021
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To incentivise digital transactions and to reduce the compliance burden of the person who is carrying almost all of their transactions digitally, it is proposed to increase the limit for tax audit for persons who are undertaking 95% of their transactions digitally from ` 5 crore to ` 10 crore.
11.
Relaxation of Condition for carry forward of loss for Disinvestment
In order to promote strategic disinvestment of PSU, it is proposed to relax th
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