January 2025 – prefaceventure.com

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January 26, 2025

Uncategorized

Let’s Celebrate the freedom and democracy that define our nation- Preface Venture

“Happy 76th Republic Day of India! Warm wishes from Preface Venture as we celebrate the spirit of unity and pride!”

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January 17, 2025

Customs, Non Tariff, Notification

𝗙𝗶𝘅𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗧𝗮𝗿𝗶𝗳𝗳 𝗩𝗮𝗹𝘂𝗲 𝗼𝗳 𝗘𝗱𝗶𝗯𝗹𝗲 𝗢𝗶𝗹𝘀, 𝗕𝗿𝗮𝘀𝘀 𝗦𝗰𝗿𝗮𝗽, 𝗔𝗿𝗲𝗰𝗮 𝗡𝘂𝘁, 𝗚𝗼𝗹𝗱 𝗮𝗻𝗱 𝗦𝗶𝗹𝘃𝗲𝗿

The Central Board of Indirect Taxes & Customs (CBIC), under the powers granted by Section 14(2) of the Customs Act, 1962, has amended Notification...

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January 16, 2025

DGFT, Public Notice

𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗣𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲/ 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗳𝗼𝗿 𝗩𝗼𝗹𝘂𝗻𝘁𝗮𝗿𝘆 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗼𝗳 𝗡𝗼𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲/ 𝗩𝗶𝗼𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝘁𝗼 𝗘𝘅𝗽𝗼𝗿𝘁.

The Directorate General of Foreign Trade (DGFT) has issued guidelines under the Foreign Trade Policy (2023) for voluntary disclosure of non compliance or violations...

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January 15, 2025

GSTN, News and Updates

𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗗𝗮𝘁𝗲 𝗼𝗳 𝗗𝗿𝗮𝗳𝘁 𝗚𝗦𝗧𝗥 𝟮𝗕 𝗳𝗼𝗿 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰

The due dates for filing GSTR-1 and GSTR-3B returns for December 2024 (Quarter Oct-Dec 2024) have been extended as per Notifications No. 01/2025 and...

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January 15, 2025

GSTN, News and Updates

𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗳𝗼𝗿 𝗪𝗮𝗶𝘃𝗲𝗿 𝗦𝗰𝗵𝗲𝗺𝗲 𝘂𝗻𝗱𝗲𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟭𝟮𝟴𝗔

Advisory Reference: Taxpayers are referred to the GSTN advisory dated 29.12.2024, available here. Forms for Waiver Scheme: Forms GST SPL-01 and GST SPL-02 are...

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January 11, 2025

Central Tax, GST, Notifications

𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗚𝗦T 𝗙𝗶𝗹𝗶𝗻𝗴 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰.

The Commissioner has extended the due dates for various GST returns, providing taxpayers additional time for compliance. FORM GSTR-1 for December 2024 is now...

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January 8, 2025

GSTN, News and Updates

𝗘𝗻𝗮𝗯𝗹𝗶𝗻𝗴 𝗳𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗥𝗲𝗰𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗮𝘀 𝗽𝗲𝗿 𝗡𝗼𝘁𝗻. 𝟮𝟮/𝟮𝟬𝟮𝟰-𝗖𝗧, 𝗱𝗮𝘁𝗲. 𝟬𝟴/𝟭𝟬/𝟮𝟰,𝟮𝟬𝟮𝟰.

In line with the 54th GST Council’s recommendations, the Central Government has introduced a new functionality for rectifying orders related to the incorrect availment...

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January 7, 2025

DGFT, Public Notice

𝗣𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲 𝗳𝗼𝗿 𝗲𝘅𝗽𝗼𝗿𝘁 𝗼𝗳 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗼𝗿𝗴𝗮𝗻𝗶𝗰 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀.

Export of organic products under the Foreign Trade Policy, 2023, requires compliance with NPOP standards and a Transaction Certificate from an accredited body. The...

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January 6, 2025

DGFT, Notification

𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁 𝗶𝗻 𝗜𝗺𝗽𝗼𝗿𝘁 𝗣𝗼𝗹𝗶𝗰𝘆 𝗮𝗻𝗱 𝗜𝗺𝗽𝗼𝗿𝘁 𝗣𝗼𝗹𝗶𝗰𝘆 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗦𝘆𝗻𝘁𝗵𝗲𝘁𝗶𝗰 𝗞𝗻𝗶𝘁𝘁𝗲𝗱 𝗙𝗮𝗯𝗿𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝘂𝗻𝗱𝗲𝗿 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝟲𝟬 𝗼𝗳 𝘁𝗵𝗲 𝗜𝗧𝗖 (𝗛𝗦), 𝟮𝟬𝟮𝟮.

The Directorate General of Foreign Trade (DGFT) has introduced changes to the import policy for synthetic knitted fabrics under Chapter 60 of the ITC...

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Let’s Celebrate the freedom and democracy that define our nation- Preface Venture

𝗙𝗶𝘅𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗧𝗮𝗿𝗶𝗳𝗳 𝗩𝗮𝗹𝘂𝗲 𝗼𝗳 𝗘𝗱𝗶𝗯𝗹𝗲 𝗢𝗶𝗹𝘀, 𝗕𝗿𝗮𝘀𝘀 𝗦𝗰𝗿𝗮𝗽, 𝗔𝗿𝗲𝗰𝗮 𝗡𝘂𝘁, 𝗚𝗼𝗹𝗱 𝗮𝗻𝗱 𝗦𝗶𝗹𝘃𝗲𝗿

𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗗𝗮𝘁𝗲 𝗼𝗳 𝗗𝗿𝗮𝗳𝘁 𝗚𝗦𝗧𝗥 𝟮𝗕 𝗳𝗼𝗿 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰

𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗳𝗼𝗿 𝗪𝗮𝗶𝘃𝗲𝗿 𝗦𝗰𝗵𝗲𝗺𝗲 𝘂𝗻𝗱𝗲𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟭𝟮𝟴𝗔

𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗚𝗦T 𝗙𝗶𝗹𝗶𝗻𝗴 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰.

𝗣𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲 𝗳𝗼𝗿 𝗲𝘅𝗽𝗼𝗿𝘁 𝗼𝗳 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗼𝗿𝗴𝗮𝗻𝗶𝗰 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀.

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DGFT Amends Para 4.84(b) of Handbook of Procedures 2023.

DGFT Notification – Amendment in Import Policy for Chapter 60 Fabrics.