India, Ghana agree to operationalise UPI on Ghana Interbank Payment and Settlement Systems in six months Both sides explore possibility of MoUs on Digital transformation Solutions and Local Currency Settlement System; opportunities under African Continental Free Trade Agreement also discussed Digital economy, textiles, renewable energy and healthcare sectors identified as focus areas A seven-member delegation from India led by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India, Shri Amardeep Singh Bhatia accompanied by High Commissioner of Ind ..read more

Union Finance Minister Smt. Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of GST Appellate Tribunal in New Delhi Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman administered the oath of integrity and secrecy to Justice (Retd.) Sanjaya Kumar Mishra as the President of the GST Appellate Tribunal (GSTAT), in New Delhi, today. Justice (Retd.)  Mishra’s appointment marks the beginning of the operationalisation of the GSTAT, a crucial body for resolving GST-related disputes. The GSTAT is the Appellate Autho ..read more

Mr. Chandrakant Salunkhe, Founder & President – SME Chamber of India and Maharashtra Industry Development Association (MIDA) addressing the delegates on Supporting SMEs and manufacturing industries for better business growth Mr. BhalchandraSinh RaoRane, Chairman – Federation of Industries of India addressing the delegates on Exploring emerging business opportunities in the global markets Mr. Prashant Nagre, Managing Director – Fermenta Biotech Ltd. addressing the delegates on Preparedness for Exports and International Markets Mr. Rohan Ramesh Shelar, Sales Head – Distribution, LONGi So ..read more

Mr. Maheshkumar, Director – SME Chamber of India delivering the Welcome & Introductory Address Mr. Chandrakant Salunkhe – Founder & President – SME Chamber of India and Maharashtra Industry Development Association (MIDA) addressing the delegates virtually Mr. Surendra Jain – Chairman, Shiroli Manufacturer’s Association, Kolhapur addressing the delegates Mr. Rohan Ramesh Shelar – Sales Head – Distribution, LONGi Solar India addressing the delegates on Solar Powering Tomorrow: Unveiling LONGi’s Cutting-Edge Solar Solutions Mr. Chittaranjan Rege, Head – Product Management Team (Base ..read more

Council of Scientific & Industrial Research(CSIR)-Indian Institute of Petroleum(IIP), Dehradun,celebrated its 65th Foundation Day on its campus today. It is a premier R&D organization established on 14th April 1960. Padma Bhushan DrV K Saraswat, Hon’ble Member NITIAayog and Mentor CSIR-IIP, graced the occasion as the Chief Guest. The celebration marked the institute’srich history of pioneering research, innovative technologies, and industry collaborations. Dr V.K. Saraswat while speaking on the ocassioncongratulated the team CSIR-IIP and conveyed his best wishes on the 65thF ..read more

Total 641 APAs done since inception of the APA programme The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) in FY 2023-24 with Indian taxpayers. This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). This marks the highest ever APA signings in any financial year since the launch of the APA programme. The number of APAs signed in FY 2023-24 also represents a 31% increase compared to the 95 APAs signed during the preceding financial year. With this, the total number of APAs since inception of the APA programme has gone up to ..read more

The seventh round of negotiations for the India-Peru Trade Agreement took place in New Delhi, India from April 8 to April 11, 2024. The discussions involved understanding priorities and concerns of each other and ensuring that the negotiations are rooted in mutual respect and benefit. At the start of the seventh-round negotiations, Mr. Sunil Barthwal, Commerce Secretary, Department of Commerce, Ministry of Commerce & Industry, said that the history of India-Peru diplomatic relations dates back to the 1960s. He referred to the visit of H.E. Ms. Teresa Stella Mera Gomez, Vice Minister of Fo ..read more

There is no special drive to re-open cases of mismatch, and media reports alleging that large-scale re-opening is being undertaken by the CBDT are completely misplaced Apprehensions are about retrospective taxation in this matter and re-opening of cases on issues pertaining to HRA claims is completely baseless Certain instances of mismatch of information as filed by the taxpayer and as available with the Income Tax Department have come to the notice of the Department as part of its routine exercise of verification of data. In such cases, the Department has alerted the taxpayers to enable them ..read more

DPIIT organises Workshop on ‘Integration of Economic/User Ministries/Departments on PM Gatishakti National Master Plan’ Workshop to sensitise user Ministries/ Departments about onboarding of GIS Data Layers on PM GatiShakti and benefits of using platform Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, organised a pivotal Workshop on ‘Integration of Economic/User Ministries/Departments on PM GatiShakti National Master Plan (PMGS-NMP’ on 3rd April 2024 in New Delhi. The workshop was chaired by Additional Secretary (Logistics), DPIIT, Shri Raje ..read more

The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available on the e-filing portal from 1st April, 2024 onwards for taxpayers to file their Returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onwards. As a precursor to this, CBDT had notified the ITR forms early, beginning with ITRs 1 and 4 which were notified on Dec ..read more