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Archive: July, 2017

Posts in July, 2017

GST-Reduction in rate of Fertilizer- Corrigendum

July 1, 2017 1182 Views 0 comment Print

GST-Reduction in rate of Fertilizer- Corrigendum and Amendment to Notification Rate Schedule-Goods CR-104 dated 29th June 2017- Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg; other than those which are clearly not to be used as fertilizers

Seeks to rescind notification no.16/2010-central excise dated 27.02.2010

July 1, 2017 897 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 16/2010-Central Excise, dated the 27th February, 2010 published in the Gazette of India, Extraordinary vide number G.S.R. 118 (E), dated the 27th February, 2010

Seeks to exempt goods mentioned in 7th schedule to finance act,2005

July 1, 2017 2199 Views 0 comment Print

Seeks to provide exemption to all goods mentioned in the seventh schedule to the finance act, 2005 from whole of the additional duties of excise leviable thereon.

Export procedure and sealing of containerized cargo-regarding.

July 1, 2017 19989 Views 0 comment Print

Goods and Service Tax has become operational from 01-07-2017. In the UST regime, the governing provisions related to exports are contained in section 16 of the Integrated Goods and Service Tax Act, 2017 (IGST Act). Supplies of goods and services for exports have been categorized as

GST: The Rise of a New Dawn (Introduction and Impact)

July 1, 2017 19395 Views 2 comments Print

It’s been more than a decade now since we have been listening the buzz about Goods and Services Tax (GST), but now we have seen implementation of GST turning into reality as the Govt. has launched GST on 01/07/2017.

One Nation, One Tax, Here It Comes- GST (Good & Simple Tax)

July 1, 2017 5613 Views 2 comments Print

The historical move, the biggest tax reform finally i.e. GST now a reality. Goods and Services Tax (GST) finally, after crossing all the hurdles, launched by Prime Minister Narendra Modi at Parliament’s historic Central Hall, together with President Pranab Mukherjee. Meeting started with FM Arun Jaitley’s speech by thanking GST Council. ‘GST is an Important […]

One nation, one tax” is reality now! India successfully launches GST!!

July 1, 2017 2694 Views 0 comment Print

Much-awaited Goods and Services Tax (GST) lunched as expected at the historic Central Hall of parliament in the presence of President Pranab Mukharjee, Prime minster Narendra Modi, finance minister Arun Jaitley and other Cabinet ministers, many chief ministers and senior government official.

Do You want to be an Expert in GST? Join our GST Course

July 1, 2017 80858 Views 56 comments Print

Join our most intensive and comprehensive Online Certification Course on GST organised jointly by GST Professionals, TaxGuru.in and MSME across India starting from 20th January 2019.

Govt notifies CGST Rules of Inspection, Search & Seizure, Demand & Recovery, Offences and Penalties

July 1, 2017 8745 Views 0 comment Print

Inspection, search and seizure.- (1) Where the proper officer not below the rank of a Joint Commissioner has reasons to believe that a place of business or any other place is to be visited for the purposes of inspection or search or, as the case may be, seizure in accordance with the provisions of section 67

Pass on benefit of GST to consumers: FM to trade and Industry

July 1, 2017 3225 Views 2 comments Print

Finance Minister holds Meeting with the representatives of trade and industry; Ask them to pass on the benefit of GST to consumers The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to implementation of GST from 1st July, […]

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