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2019-TIOL-NEWS-158| Friday July 05, 2019

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BUDGET FLASH NEWS

FM proposes Legacy Dispute Resolution Scheme to liquidate excise and service tax cases

Customs penal provisions further tightened to deal with fraud cases

FM proposes to hike road cess and special excise duty on petrol; also hikes duty on gold

Customs duty exemption granted to certain parts of e-vehicles

FM proposes to withdraw Customs exemption to several goods

FM proposes to exempt all defence imports from Customs duty if goods are not domestically manufactured

FM proposes to hike surcharge on income earners in the brackets of above Rs 2 Crore and Rs 5 Crore

Finance Bill proposes 2% TDS on cash withdrawal of above Rs 1 Crore for business purpose

FM proposes to introduce auto-filled income tax returns

FM proposes PAN & Aadhaar interchangeable

Ambit of STT restricted

FM proposes tax relief to NBFCs at par with scheduled banks

Affordable housing - Additional income tax relief of Rs 1.5 lakh announced for loans taken till 2020

Relief to startups - FM promises no scrutiny of returns in relation to valuation of shares

E-vehicles purchase - Govt to provide subsidy of Rs 1.5 lakh on loans taken

Finance Bill proposes investment-linked exemption benefits to solar, computer and semi-conductor sectors

FM proposes to hike turnover limit to Rs 400 Cr for 25% corporate tax rate

Govt to release coins of denominations of Rupee 1, Rs 2, 5, 10 & 20 soon

FM proposes Rs 1.05 lakh crore disinvestment target in current fiscal

Finance Bill proposes to vest powers in RBI to regular housing finance

Govt proposes to vest more powers in RBI to efficiently regulate NBFCs

Govt to open four new embassies in Africa

Aadhaar facility extended to NRIs with Indian passport holders after arrival in India

Govt to legislate to set up Higher Education Commission

Budget earmarks Rs 400 Cr for developing World Class Educational Institutions

Education - Govt to set up National Research Foundation

Gandhi-Pedia being developed to sensitise youth

Govt to launch Jal Jivan Mission to regulate demand and supply of drinking water

FM proposes zero budget farming & to ensure doubling of agri income

Budget allocates Rs 80250 Crore for road upgrade under PM Gram Sadak Yojana

Housing for All - 1.95 Crore houses to be built by 2022

FPIs to be offered greater canvas for investments in equities

Govt to ease up FDI regulations for various sectors like media, insurance & others

Pension Yojana for traders - Govt to launch PM Karamyogi Mandhan Yojana

Govt to create payment platform for MSMEs bills

FM proposes 'One Nation One Grid' for power availability & a fresh tariff package for power companies

Govt to restructure National Highway Program

FM proposes new regulatory framework for aviation financing

India's GDP is USD 2.7 trillion & Govt to achieve USD 5 trillion in next five years

MCA asks SFIO to launch full fledged probe against Jet Airways & Goyal

USA moves WTO on steel tariff issue; India made one of parties

 
UNION BUDGET - 2019

Key to Budget Documents

Budget Highlights (Key Features)

Budget Speech by Finance Minister

Budget at a Glance

Annual Financial Statement

Finance Bill 2019

Memorandum

Customs and Central Excise

The Macro Economic Framework Statement

Medium Term Fiscal Policy cum Fiscal Policy Strategy Statement

Output Outcome Framework 2019-2020

 
NOTIFICATION/ CIRCULAR
GST CIRCULAR

corrigendum_cgst_circular_97

Clarification regarding exercise of option to pay tax under notification No. 2/2019- CT(R) dt 07.03.2019

PUBLIC NOTICE

dgft19pn017

Issue of Advance Authorization where import item is 'Pulses' and/or 'Peas' of any kind falling under restricted/prohibited category

 
 

 

 

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