"03 August 2017" Archive

Post GST reduction of incidence of Tax on Coal Consumers

In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ Rs. 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on submission of Form C) . Post implementation of GST all the above mentioned taxes and levies have been subsumed and GST @ 5% is being charged to con...

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GST : Frequently Asked Question (FAQs) on Export

Under the GST Law, export of goods or services has been treated as: inter-State supply and covered under the IGST Act., zero rated supply i.e. the goods or services exported shall be relieved of GST levied upon them either at the input stage oral the final product stage....

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CBDT notifies countries & specified territories for Sec. 9A(3)(b)

Notification No. 78/2017-Income Tax/ S.O. 2456(E) (03/08/2017)

S.O. 2456(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following countries and specified territories, mentioned in column (2) of the Table given below, for the purposes of the said section, namely:...

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Notification No. 77/2017-Income Tax dated 3rd August 2017

Notification No. 77/2017-Income Tax/S.O. 2455(E) (03/08/2017)

In exercise of the powers conferred by the proviso to sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the conditions specified in clauses (e), (f) and (g) of said sub-section shall not apply in case of an investment fund set up by a Category-I or Category-II foreign portf...

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Implementation of GST in Customs-Changes in S/B Declaration-reg

Public Notice No- 100/2017-JNCH (02/08/2017)

In respect of the cases where export goods had been cleared from factory, warehouse, etc. prior to 1.7.2017 but let export order has not been issued before 1.7.2017. Such goods are not supplies under GST and accordingly, said Note and Condition 12A is not applicable....

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Order No. 132/2017: Additional charges to officers in CCIT grade

Order No. 132/2017 (03/08/2017)

The following officers in the grade of CCIT are, hereby, ordered to hold the charge (s) indicated against their names in addition to the substantive charge/ additional charge(s) being held by them, with immediate effect and until further orders...

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Maharashtra Value Added Tax (Second Amendment) Rules, 2017

Notification No. VAT 1517/CR 56/Taxation-1 (20/07/2017)

No. VAT 1517/CR 56/Taxation-1.—Whereas, the Government of Maharashtra is satiffied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005...

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Procedure for drawing of samples of Zink Ash/ Skimming in powder & lump form (metallic portion) classifiable under tariff heading 2620-reg

Standing Order No. 95/2017-JNCH (01/08/2017)

Recently, instances have been noticed wherein samples of Zinc ash/ skimming received by DYCC Lab, JNCH, Nhava Sheva are often in powder form without containing any material in lump form which results in showing lower metallic Zinc content and other restrictive pollutants such as Lead, Cadmium etc. when analyzed by the DYCC....

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Products accorded approval by SEBI for trading in stock exchanges in GIFT City IFSC

Press Releases No.: 50/2017 (03/08/2017)

Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other leading international financial centres in the ...

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Proforma for issue of Certificate of Origin for Export of Muli-bamboo & bamboo products:

Public Notice No. 15/2015-2020 (02/08/2017)

Proforma for obtaining Certificate of Origin (COO) for export of (i) Muli bamboo(Melconna baccifera); and (ii) Bamboo products made from bamboo obtained from legal source (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) has been notified....

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