"10 July 2017" Archive

Launch of Aaykar Setu – Another E-Initiative by CBDT

As a part of this continuous process, a new tax payer service module ‘Aaykar Setu’, was launched by the Honourable Finance Minister, Shri Arun Jaitley from Delhi today. To enhance mobile access experience, a mobile responsive android version was also released along with the desktop version....

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Posted Under: Income Tax |

CBEC increases import duty on sugar to 50%

Notification No. 66/2017-Customs (10/07/2017)

CBEC increases import duty on sugar [Raw sugar, Refined or White sugar, Raw sugar if imported by bulk consumer under tariff head 1701, from the present 40% to 50% with immediate effect and without an end date...

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Processing of BEs stuck in ICES during roll out of GST in Customs-reg

Standing Order No. 21/2017-JNCH (10/07/2017)

Trade has reported that they are facing a number of issues in all such transitional cases as system is not processing & allowing the officers to further process such Bills of Entry to next stage....

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Issues related to exports without payment of IGST

Public Notice No. 91/2017- JNCH (10/07/2017)

Various communications were received from the field formations and exporters that difficulties were being faced in complying with the procedure prescribed for making exports of goods and services without payment of integrated tax with respect to furnishing of bonds/Letter of Undertaking....

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A short practical note for exports under GST regime (Updated up to notifications issued on 7.7.17)

1. The most significant change brought about by the GST is that supply of goods, Services or both is the basis of taxation as opposed to the removal of manufactured goods under the Excise regime....

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Posted Under: Income Tax |

Maharashtra State Circular on Exports without payment of IGST

Trade Circular No. 29 T of 2017 (10/07/2017)

The rule 96A of the Maharashtra Goods and Services Tax Rules, 2017 provides that refund of integrated tax paid on export of goods or services can be availed by submission of bond or Letter of Undertaking in FORM GST RFD-011....

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Cloth Merchant- The new tensed kid in the school of GST

Government has levied the GST on cloth. Due to this the cloth merchant have to take admission in the school of GST. Please give the information regarding cloth merchant going in the GST School....

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Posted Under: Income Tax | ,