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Archive: May, 2017

Posts in May, 2017

Anti-dumping duty on imports of Clear Float Glass from Iran

May 12, 2017 3111 Views 0 comment Print

Whereas in the matter of ‘Clear Float Glass of nominal thickness ranging from 4mm to 12mm (both inclusive)’ falling under chapter headings 7003, 7004, 7005, 7009, 7013, 7015, 7016, 7018, 7019 or 7020 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)

Anti-dumping duty on Cold Rolled Flat Products of alloy or non-alloy steel

May 12, 2017 1254 Views 0 comment Print

Seeks to levy definitive anti-dumping duty, on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, or Ukraine for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, 17th August, 2016.

Drive to clear Drawback Claims pending under Brand Rate

May 12, 2017 3975 Views 0 comment Print

It has been observed that a large number of drawback claims under brand rate are pending as on 31.03.2017 due to non-furnishing of brand rate fixation letters by exporters

Cancellation of LUT BOND/BG at JNCH-req

May 12, 2017 3273 Views 0 comment Print

Attention of all the concerned Advance Licence holders is invited to Public Notice No. 11/2011, dtd.10.02.11. As per the said Public Notice, DEEC Monitoring Cell would select cases, on random basis, out of the cases, where verification is not prescribed by DGFT. In the month of May, 2017

All Payment to Government servants through e-Payment only

May 12, 2017 1689 Views 0 comment Print

All payments to Government servants, including salary payments, shall be made by electronically signed payment advices for direct credit to their bank accounts, subject to availability of banking facilities

Request for comments on Draft ICDS on Real Estate Transactions

May 12, 2017 1959 Views 0 comment Print

The draft ICDS on Real Estate Transactions along with the significant changes suggested in ICDS vis-à-vis the Guidance Note issued by ICAI are uploaded on the Income-tax website at http://www.incometaxindia.gov.in.

Draft ICDS on Real Estate Transactions

May 12, 2017 20106 Views 1 comment Print

This Income Computation and Disclosure Standard shall be applicable for determination of income from all forms of transactions in real estate, which refers to land as well as buildings and rights in relation thereto

Detailed review of IT-Preparedness for the roll-out of GST

May 12, 2017 2175 Views 0 comment Print

Revenue Secretary Dr. Hasmukh Adhia holds detailed review of IT-Preparedness for the roll-out of Goods and Services Tax (GST) from July 01, 2017.

Impact of GST on E-Commerce Business

May 12, 2017 8655 Views 0 comment Print

E- Commerce, a term unheard of a few years ago has now become “Apnidukaan” in the words of Amazon. On one hand, consumers get the advantage of comparing wide variety of products and their prices from the comfort of their homes, while on the other, E Commerce provides the seller an opportunity to grow their […]

Meaning and scope of Supply under GST With Examples

May 12, 2017 43155 Views 1 comment Print

Taxable event is that event, happening of which attracts liability to tax. Taxable event is a very important event in any law as the levy and collection of tax is based on the happening of the taxable event. Although, the taxable event happens to be at a particular point of time, the levy and collection of such tax may be postponed for administrative convenience, to a later date.

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