DGFT Update – Extension of Foreign Trade Policy 2015-2020 and other amendments

Notification 57 eng signed and scanned 1

This is in regard with the Notification No. 57/2015-2020 issued by Director General of Foreign Trade dated 31 March 2020 in relation to the extension of Foreign Trade Policy

 

DGFT update-retrospective issuance of Certificate of Origin for Trade Agreement

Trade notice 59-2019-2020

Refer Trade Notice no. 59/2019-2020 dated 28 March 2020 issued by DGFT with respect to retrospective issuance of Certificate of Origin (COO) under various Free/Preferential Trade Agreements executed by India.

Extension of Hand Book of Procedures 2015-2020 and other amendments

PN 67 (english) signed and scanned-1

DGFT has made certain amendments in the Handbook of Procedures (2015-20) vide Public Notice No.: 67/2015-2020 dated 31 March 2020.

COVID-19 impact – extension of applicability of certificate for lower or nil TDS and TCS

 

The COVID-19 pandemic has caused disruptions across the world, including India. To alleviate some of the difficulties faced by the taxpayers in complying with the statutory and compliance requirements under the Income Tax Act, 1961 (ITA), the Finance Minister of India Nirmala Sitharaman announced certain measures on 24 March 2020 to ease the statutory and compliance burden^[1].  

HC upholds powers to conduct service tax audit even after introduction of GST

This Tax Alert summarizes a recent ruling of the Delhi High Court (HC)^[1]. The issue under consideration was validity of Rule 5A of the Service Tax Rules, 1994, after introduction of the Goods and Services Tax (GST) law.

Rule 5A(1) empowered the officer authorized by the Commissioner to have access to any premises registered under service tax for carrying out scrutiny, verification and checks as may be necessary to safeguard the interest of Revenue.