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Archive: 30 June 2017

Posts in 30 June 2017

Amendment to Notification No. 93/2016-Customs (NT) dated 01.07.2016

June 30, 2017 684 Views 0 comment Print

S.O. (E). -In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendment in the Notification of the Government of India, Ministry of Finance

Tariff Notification No. 62/2017-Customs (N.T.) Dated: 30.06.2017

June 30, 2017 1074 Views 0 comment Print

Notification No. 62/2017-CUSTOMS (N.T.)- Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

Depreciation eligible on Right to collect toll for specified period as it is intangible Asset

June 30, 2017 2871 Views 0 comment Print

As assessee was not the owner of toll road, but had been given the right to develop, maintain and operate the toll road and to further collect the toll for the specified period, then this right was an intangible asset falling under section 32(1)(ii) and expenditure on development, construction and maintenance of infrastructure facility as incurred by the assessee was not revenue in nature and therefore, could be amortized.

Priority in ‘Assessment’ of Bill of Entry of DPD Status Holder in JNCH – reg.

June 30, 2017 798 Views 0 comment Print

If such Bill of Entry is not assessed on priority, for any reason thereof, within 06 hours of the request made, then the concerned Group AC/DC should place such Bill of Entry details before the concerned ADC/JC for taking necessary action in the matter. Further, even if, assessment of such Bill of Entry is not resolved at the level of concerned ADC/JC on the same working day, then the matter should be immediately brought to the notice of concerned Commissioner for necessary action. A databank with regard to such request received in the Group/s should also be maintained.

Mah. Goods and Services Tax ( 3rd Amendment) Rules 2017

June 30, 2017 1206 Views 0 comment Print

No.VAT-1517/CR-102/Taxation-1.––Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with the condition of previous publication thereof under the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005)

Revised Application Form for Certificate of Coverage of Indian Worker

June 30, 2017 1380 Views 0 comment Print

The different application forms for Certificate of Coverage (COC) in respect of Indian Worker (having Indian Passport) going to work in a country with which India is having Social Security Agreement (SSA) has been revised into a single form keeping in view the new COC application software being developed by IS division.

Notification for reverse charge under Delhi GST Act, 2017

June 30, 2017 2880 Views 0 comment Print

No.F3(15)/Fin(Rev-I)/2017-18/ –. In exercise of the powers conferred by sub-section (3) of section 9 of the Delhi Goods and Services Tax Act, 2017 (Delhi Act 03 of 2017), the Lt. Governor of the National Capital Territory of Delhi, on the recommendations of the Council, hereby specifies the supply of goods

Interest Rate notified under Delhi GST Act, 2017

June 30, 2017 1413 Views 0 comment Print

Lt. Governor of the National Capital Territory of Delhi, on the recommendations of the Council, hereby fixes the rate of interest per annum for the purposes of the sections as specified in column (2) of the Table below as mentioned in the corresponding entry in column (3) of the said Table.

Eligibility to opt Composition Scheme under Delhi GST Act,2017

June 30, 2017 1182 Views 0 comment Print

overnor of the National Capital Territory of Delhi, on the recommendations of the Council, hereby prescribes that an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees, may opt to pay, in lieu of the tax payable by him, an amount calculated at the rate of,––

Sections notified under Delhi GST Act 2017 w.e.f 01.07.20174

June 30, 2017 993 Views 0 comment Print

Governor of the National Capital Territory of Delhi hereby appoints the 1 st day of July, 2017, as the date on which the provisions of sections 6 to 9, 11 to 21, 31 to 41, 42 except the proviso to sub-section (9) of section 42, 43 except the proviso to sub-section (9) of section 43, 44 to 50, 53 to 138, 140 to 145, 147 to 163 and 165 to 174 of the said Act shall come into force.

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