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Archive: 12 June 2017

Posts in 12 June 2017

Anti Dumping Duty on imports of ceramic tableware & kitchenware

June 12, 2017 2652 Views 0 comment Print

Seeks to impose provisional ADD on the imports of “ceramic tableware and kitchenware, excluding knives and toilet items”, originating in or exported from China PR for a period not exceeding six months (unless revoked, amended or superseded earlier) from the date of publication of this notification in the Gazette of India. GOVERNMENT OF INDIA MINISTRY […]

National Mission for Clean Ganga: The challenges ahead

June 12, 2017 1074 Views 0 comment Print

Before the advent of the National Mission for Clean Ganga (NMCG), Ganga, the most revered and national river of India, was facing the challenge to its existence due to discharge of increasing quantities of sewage, trade effluents and other pollutants on account of rapid urbanization and industrialization.

Notification No. 23/2017-Customs Dated- 12th June, 2017

June 12, 2017 1995 Views 0 comment Print

Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated the 17th March, 2012,

Achieving Durable Inflation

June 12, 2017 624 Views 0 comment Print

One of the major objectives of Government of India and the Reserve Bank of India is achieving durable inflation. Inflation in India had reached 10-11 percent in 2008 and remained elevated for several years. Over the past 3 years, inflation has come down from 9.4 percent in 2013 to 5.9 percent in 2014 to 4.9 percent in 2015 to a projected value of 4.7 percent in 2017.

Need For Postponement of GST Law Proposed w.e.f. July 1, 2017

June 12, 2017 28308 Views 20 comments Print

There are some ground realities which should be taken into account while implementing in a short period of time, the new law countrywide, replacing Value Added Tax, Excise, Service Tax, etc. and making golden handshake with VAT of different States of India and Central Excise, Service Tax and some other notified taxes, presently in operation.

Builders cannot advertise projects without Registration under RERA

June 12, 2017 2937 Views 0 comment Print

Section 3(1) of RERA Act prohibits advertisement for all projects (ongoing/future) without registration with Real Estate Regulalory. This provision has come into effect from 01st May, 2017.

GST Service: Amendment in Tax / Registration exemption and Rates

June 12, 2017 13320 Views 0 comment Print

1. In the list of service tax exemptions to be continued in GST as approved by the GST Council, after S.No. 83, the following shall be inserted –

GST: Revised Threshold for Composition Scheme – 11.06.2017

June 12, 2017 15606 Views 2 comments Print

GST Council, in its meeting held on 11th June, 2017, has recommended increase in the aforesaid turnover limit for Composition Levy for CGST and SGST purposes from Rs. 50 lakh to Rs.75 lakh in respect of all eligible registered persons, referred to in the aforesaid sub­section.

IGST Exemptions approved by GST Council – 11.06.2017

June 12, 2017 9342 Views 0 comment Print

IGST Exemption under GST- [As per discussions in the 16th GST Council Meeting held on 11th June, 2017. I . Bilateral Commitments – Imports under Agreement between India and Pakistan / Bangladesh for regulation of Bus Service

Revised GST rates on goods approved by GST Council on 11.06.2017

June 12, 2017 68037 Views 3 comments Print

GST council has revised GST rate more than 66 items in its meeting held on 11th June 2017. In its meeting council has revised the rate downward on most of the items. Rates on most goods has come down from higher rate to comparatively lower rate. In some cases rate has come down from 28% to 0% also.

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