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Reading Time: 2 minutesInsolvency and Bankruptcy Board of India, IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make regulations subject to the conditions that
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Reading Time: 2 minutesDirect Tax Statistics, Constant growth in the direct tax-GDP ratio over the last three years The growth of more than 80% in the number of returns filed in the last four financial years The number of persons filing the return of income has also increased by about 65% during this period from 3.31 crore in
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Hats & Accessories HSN code

Reading Time: 11 minutesBlankets & Bedsheets HSN code, Blankets & Bedsheets HSN code and GST Rate as mentioned in Chapter 63 , are as below mentioned in table HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision 6301 BLANKETS AND TRAVELLING RUGS(sale value not exceeding Rs. 1000 per piece) 5% 01/07/2017 6301 BLANKETS AND TRAVELLING RUGS(sale
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Hats & Accessories HSN code

Reading Time: 26 minutesHSN Code for Jackets, GST Rate & HSN Code for Men & Women Clothing as mentioned Chapter 62 HSN Code Description Rate (%) CESS (%) Effective Date Rate Revised 6201 MEN’S OR BOYS OVERCOATS, CAR-COATS, CLOAKS, ANORAKS (INCLUDING SKI-JACKETS), WINDCHEATERS, WIND-JACKETS AND SIMILAR ARTICLES OTHER THAN THOSE OF HEADING 6203 —- OVERCOATS, RAINCOATS, CAR-COATS, CAPES,
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HSN Code for Medical Instruments, Chemical & Astronomy

Reading Time: 26 minutesGST Rate & HSN Code for Men & Women Clothing as mentioned Chapter 61 HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision 6101 MEN’S OR BOYS OVERCOATS, CARCOATS, CAPES, CLOAKS, ANORAKS (INCLUDING SKI JACKETS), WIND-CHEATERS, WIND JACKETS AND SIMILAR ARTICLES, KNITTED OR CROCHETED, OTHER THAN THOSE OF HEADING 6103(sale value not exceeding
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Reading Time: 2 minutesITC FY 2017-18, Last date to avail input tax credit in respect of invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018 There appears to be misgiving about the last date for taking input tax credit (ITC) in relation to invoices or debit notes relating to such
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Reading Time: 2 minutesGST Rate & HSN Code for Carpets & Floor coverings textile Hand looms as mentioned in the chapter 57.  The GST Rates & HSN Codes For Carpets & Floor Coverings Textile Hand looms Man Made Textile. The  GST Council has released the GST e-book which contains GST Rates on various goods with HSN Code, here
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GST refunds

Reading Time: 2 minutesGST refunds, It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being put out in the public domain are exaggerated and thus inaccurate. It is a fact that a large number of exporters have been granted refunds so far
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