"03 August 2017" Archive

Post GST reduction of incidence of Tax on Coal Consumers

In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ Rs. 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on submission of Form C) . Post implementation of GST all the above mentioned taxes and levies have been subsumed and GST @ 5% is being charged to con...

Read More

GST : Frequently Asked Question (FAQs) on Export

Under the GST Law, export of goods or services has been treated as: inter-State supply and covered under the IGST Act., zero rated supply i.e. the goods or services exported shall be relieved of GST levied upon them either at the input stage oral the final product stage....

Read More

CBDT notifies countries & specified territories for Sec. 9A(3)(b)

Notification No. 78/2017-Income Tax/ S.O. 2456(E) (03/08/2017)

S.O. 2456(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following countries and specified territories, mentioned in column (2) of the Table given below, for the purposes of the said section, namely:...

Read More

Notification No. 77/2017-Income Tax dated 3rd August 2017

Notification No. 77/2017-Income Tax/S.O. 2455(E) (03/08/2017)

In exercise of the powers conferred by the proviso to sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the conditions specified in clauses (e), (f) and (g) of said sub-section shall not apply in case of an investment fund set up by a Category-I or Category-II foreign portf...

Read More

MVAT: Refunds of security deposit given at the time of Voluntary Registration

Trade Circular No. 34T of 2017 (03/08/2017)

The person applying for voluntary registration has to deposit an amount of Rs. 25000/- by way of security deposit at the time of registration as per the proviso to section 16(2) of the Maharashtra Value Added Tax Act, 2002. Such deposit is not liable for adjustment against tax payable as per return or towards any other liability under MVA...

Read More

Delhai VAT: Disposal of pending Form DVAT 04 & DVAT 07 applications

Circular No. 12 of 2017-18 (03/08/2017)

It has, however, come to the notice that some of the ward Incharges have still not disposed off their pendency of Form DVAT 04 & Form DVAT 07 applications, relating to Registration and amendments respectively....

Read More

Rate of exchange of conversion of foreign currency WEF 04.08.2017

Notification No. 75/2017-Customs (N.T.) (03/08/2017)

CBEC hereby determines rate of exchange of conversion of each of the foreign currencies WEF 04.08.2017 vide Notification No. 75/2017-Customs (N.T.)...

Read More

Order No. 132/2017: Additional charges to officers in CCIT grade

Order No. 132/2017 (03/08/2017)

The following officers in the grade of CCIT are, hereby, ordered to hold the charge (s) indicated against their names in addition to the substantive charge/ additional charge(s) being held by them, with immediate effect and until further orders...

Read More

Products accorded approval by SEBI for trading in stock exchanges in GIFT City IFSC

Press Releases No.: 50/2017 (03/08/2017)

Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other leading international financial centres in the ...

Read More

Second Amendment to IRDAI’s (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016

Attention is drawn to IRDAI’s (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016 notified on 14th December, 2016 in the official gazette....

Read More
Page 1 of 3123