Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The GoI's Dept of Revenue extended transitional provisions for Sea Cargo Manifest and Transshipment Regulations (SCMTR), 2018 until 31.05.2025. The extension addresses implementation challenges, specifically incomplete testing of export cargo and transshipment messages by carriers and stakeholders. The measure provides additional time for electronic declaration filing without attracting penal provisions, which could otherwise impose penalties up to INR 50,000 for non-compliance. Stakeholders are encouraged to utilize this interim period to align with regulatory requirements and ensure smooth implementation of SCMTR protocols.
The GoI's Dept of Revenue extended transitional provisions for Sea Cargo Manifest and Transshipment Regulations (SCMTR), 2018 until 31.05.2025. The extension addresses implementation challenges, specifically incomplete testing of export cargo and transshipment messages by carriers and stakeholders. The measure provides additional time for electronic declaration filing without attracting penal provisions, which could otherwise impose penalties up to INR 50,000 for non-compliance. Stakeholders are encouraged to utilize this interim period to align with regulatory requirements and ensure smooth implementation of SCMTR protocols.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
