Taxation Laws (Amendment) Act, 2017 (18 of 2017), the Central Government hereby appoints the 1st day of July, 2017 as the date on which all the provisions of the said Act shall come into force.
Eight states of Northeast region are among the states which are likely to benefit from the GST rollout on the midnight of June 30th and July 1st. Contrary to certain misconceived notions in certain quarters, GST will offer these States an opportunity to realize fiscal growth in tandem with the more developed states of India and thus make up for their own shortcomings.
CBDT entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017. A Bilateral Advance Pricing Agreement (involving United Kingdom) was also signed during the month.
Attention of the Importers, Exporters, General Trade, Port Terminal Operator, Shipping Lines/Shipping Agents, CFSs and all other stakeholders is invited to various Public Notices issued from time in relation to finalisation of prior & advance bills of entry and issue of entry inward.
Attention of all the importers, Exporters, Customs Brokers, and other stake holders is invited to the subject ‘Levy of Fees (Customs Documents) Amendment Regulations, 2017’ communicated by Board vide Notification No. 36/2017-Customs (N.T.) dated 11.04.2017.
[Updated version of the Notification No. 14/2017-Integrated Tax (Rate) dated the 28th June, 2017 as amended upto 14th Nov, 2017]
[Updated version of the Notification No. 13/2017-Integrated Tax (Rate) dated the 28th June, 2017 as amended upto 14th Nov, 2017]
[Updated version of the Notification No. 12/2017-Integrated Tax (Rate) dated the 28th June, 2017 as amended upto 14th Nov, 2017]
Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular no. 30 dated February 02, 2017 has permitted Non Resident Indians (NRIs) to participate in the exchange traded currency derivatives market to hedge the currency risk arising out of their investments in India under FEMA, 1999.
Council, hereby notifies that in case of the following categories of services, the tax on intra- State supplies shall be paid by the electronic commerce operator –
