Judgement

The West Bengal AAR has ruled that Polyvinyl Chloride (PVC) raincoats will be classified as plastic products under HSN 3926 and will be subject to an 18% GST.

PVC Raincoat to attract 18% GST due to classified as Non-Textile: WB AAR

News

GST Council is in the last stages of reviewing the GST structure, and the levy would be reduced shortly, said union finance minister Nirmala Sitharaman, who leads the Central indirect tax authority, on Saturday.

GST Rate to be Reduced Soon; Rationalisation and Tax Review in Final Stages: FM Nirmala Sitharaman

U.S. President Donald Trump claimed India has agreed to lower its tariffs "way down," reiterating his assertion that the country imposes large tariffs on American products, making it impossible to sell them.

US President Trumps attacks India; Claims Indian Nation agreed to cut Tariffs way down after ‘being exposed’

Articles

SEBI has designed a new asset class, the Specialised Investment Fund (SIF), to bridge the gap between mutual funds and portfolio management services.

Specialized Investment Fund: The New Asset Class Introduced by SEBI

Notifications

The Directorate of Income Tax (Systems) has notified that PANs with undisclosed foreign assets and suspected Benami transactions are under risk assessment.

PANs with Undisclosed Foreign Assets and Suspected Benami Transaction under Risk Assessment [Read Instructions]

The Directorate of Income Tax (Systems) has disseminated high-risk transaction and high-risk non-PAN transaction cases on the Verification module of the Insight portal.

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PVC Raincoat to attract 18% GST due to classified as Non-Textile: WB AAR

GST Rate to be Reduced Soon; Rationalisation and Tax Review in Final Stages: FM Nirmala Sitharaman

US President Trumps attacks India; Claims Indian Nation agreed to cut Tariffs way down after ‘being exposed’

Specialized Investment Fund: The New Asset Class Introduced by SEBI

PANs with Undisclosed Foreign Assets and Suspected Benami Transaction under Risk Assessment [Read Instructions]

Income Tax Disseminates High-Risk and Non-PAN Transactions [Read Instructions]