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Archive: June, 2017

Posts in June, 2017

How to avail Input Tax Credit in GST

June 19, 2017 16761 Views 4 comments Print

There are different provisions for ITC in Excise and VAT laws. In GST the provisions of ITC are given. Some provisions of excise, service tax and VAT are merged while preparing provisions of ITC.

Role of short term sensations in the long term investments

June 19, 2017 1662 Views 1 comment Print

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumors spread like a wildfire. Because of this information overload we become so focused on details that we begin to ignore the overall situation. If we are unable to see the wood for the trees, then we need to take a step back from the situation, to regain a wider perspective.

SEBI norms for disclosures / compliances by Municipal Securities issuers

June 19, 2017 990 Views 0 comment Print

Regulation 23 of the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 (SEBI ILDM Regulations) prescribe disclosures to be made by issuers making public issues of debt securities or seeking listing of debt securities issued on private placement basis to the Stock Exchange(s). The said disclosures, inter-alia, include disclosures for financial as well as non-financial information.

CBEC notifies applicability date of Notification No. 14/2017 CE (NT)

June 19, 2017 5799 Views 0 comment Print

Notifying the date by which the Notification No. 14/2017 CE (NT) dated the 9th June 2017 related to Delegation of powers for the purpose of assignment of adjudication of show cause notices shall come into force.

Filling up of posts up to the grade of ITO on ad-hoc basis

June 19, 2017 1647 Views 0 comment Print

I am directed to refer to the subject mentioned above and to say that during the meeting of representatives of ITGOA and ITEF under the Chairmanship of Chairman, CBDT, held on 27052017, one of the Issues discussed was ‘adhoc’ promotion on functional basis against the vacancies arising after promotion to Assistant Commissioner of Income Tax for vacancy year 2014-15 & 2015-16

Draft Courier Imports and Exports (Clearance) Regulations, 2017

June 19, 2017 2301 Views 0 comment Print

Stakeholder consultation/comments are invited on Draft Courier Imports and Exports (Clearance) Regulations, 2017 for Manual courier clearance along with proposed manual forms, namely new Form Courier Bill of Entry-IV (CBE-IV), new Form Courier Bill of Entry-V (CBE-V), new Form Courier Bill of Entry-IX (CBE-IX) and new Form Courier Bill of Entry-X (CBE-X),new Form Courier Shipping Bill-II (CSB-II), new Form Courier Shipping Bill CSB-V & new Form Courier Bill of Export-II (CBEx-II).

Draft Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2017

June 19, 2017 1911 Views 0 comment Print

Stakeholder consultation/comments are invited on Draft Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2017 for electronic clearances along with proposed electronic forms, namely,new Form Courier Bill of Entry-XII (CBE-XII), new Form Courier Bill of Entry-XIII (CBE-XIII), new Form Courier Bill of Entry-XIV (CBE-XIV) and new Form Courier Shipping Bill (CSB-IV).

Draft Bill of Entry (Forms) Amendment Regulations, 2017.

June 19, 2017 2127 Views 0 comment Print

Stakeholder consultation/comments are invited on draft notification for amendment to Bill of Entry(Forms) Regulations, 1976 for Non-EDI locations or for Manual clearance along with New Form I, New Form II & New Form III for manual Bill of Entry incorporating provisions for IGST.

Draft Shipping Bill and Bill of Export (Forms) Regulations, 2017

June 19, 2017 3534 Views 0 comment Print

Stakeholder consultation/comments are invited on Draft Shipping Bill & Bill of Export regulations for Non-EDI locations or for Manual clearance and proposed Manual Shipping Bills Forms- SB I, SB II, SB III & SB IV.

CBEC notifies applicability date of Notification No. 13/2017 CE (NT)

June 19, 2017 3027 Views 0 comment Print

Notifying the date by which the Notification No.13/2017 CE (NT) dated the 9th June 2017 related to Territorial Jurisdiction of Principal Chief Commissioners/Chief Commissioners, Principal Commissioners/Commissioners, Commissioner (Appeals), Commissioner (Audit) shall come into force.

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