The Government decided that an additional grace period of 60 days for prompt repayment incentive @ 3% will be provided to such of the farmers whose crop loans dues fall due between 01/11/2016 to 31/12/2016 and if such farmers repay the same within 60 days from their due date in this period.
Whereas, a Sunset review anti-dumping investigation concerning imports of ‘Soda Ash’, originating in or exported from China PR, European Union, Kenya, Pakistan, Iran, Ukraine and USA was initiated
With the implementation of GST, trade and exporters are eager to know how will our exports be treated under the Goods and Services Tax (GST) regime? In this article an attempt is made to guide step by step procedures for export under GST.
Irrespective of the transportation mode chosen, lots of risks prevail in transporting goods from one place to the other. Unpredictable potholes and turbulent seas are always there to disrupt your otherwise smooth journey.
Article discusses 1. Place of supply of goods other than supply of goods imported into, or exported from India under Section 10 of IGST Act and Place of Supply of Goods Imported into or Exported from India under Section 11 of IGST Act.
Applicability of Reverse Charge Mechanism is undoubtedly the most discussed topic under GST nowadays. More than 60 percent queries on GST are related to this Reverse Charge Mechanism. Registered Persons are asking their clients for their GSTIN numbers.
If I buy raw material from a supplier unregistered under GST, do I have to pay GST in RCM and can I avail ITC of the same? Reply :- Yes, you have to pay GST via Reverse Charge Mechanism (RCM). You can avail ITC of the GST so paid if you are otherwise eligible.
She said that GST is not just ‘Good and Simple Tax’ but it also a ‘Great step towards Transparency’. “Beauty of the GST is it is a Destination tax and it gives money back through Tax credit”, she added.
GST has been rolled out but still there are clouds roaming over the status of Goods Transport Agency (GTA) services. I have tried to cover all the topics still any questions are welcomed.
This article discusses in details the role, appointment & powers of Adjudicating Officer in granting compensation under RERA (Real Estate Regulation and Development Act, 2016).
