News

Simplified GST returns with features like SMS based filing for nil return and improved input tax credit flow to be implemented from 1st April 2020 as a pilot run.
Customs duty raised on footwear to 35% from 25% and on furniture goods to 25% from 20%.
5% health cess to be imposed on the imports of medical devices, except those exempts from Basic Customs Duty.
Excise duty proposed to be raised on Cigarettes and other tobacco products. No change made in the duty rates of bidis.