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Archive: August, 2017

Posts in August, 2017

International travel insurance – A must have for your overseas trips

August 25, 2017 1314 Views 0 comment Print

One travels abroad usually for two primary reasons- a business trip or a pleasure trip. You seriously don’t want something which could ruin your crucial business meet or your hard-earned holiday. But there’s always a possibility of some unanticipated occurrence, irrespective of how immaculate your planning is. Unlucky events like passport loss, baggage loss, an […]

GST Tax Invoice and Other Documents When to prepare and meaning of each document

August 25, 2017 18870 Views 0 comment Print

GST-Goods and Service Tax Act came in to force on 01-07-2017.Also the first return of GST which is GSTR 3B is filed by many tax payers.Documentation is one of the most important part of GST Act. There are various documents listed in the Act which are to be issued at certain point of time.Small tax payers are still not clear about which invoice is to be prepared when and what is the content to be mentioned in an invoice.In this article have mentioned meaning of each document and its issuance time.

Import Export code (IEC) application under GST regime

August 25, 2017 43047 Views 10 comments Print

Introduction: This article discusses in detail about application for Import Export code(IEC) application under GST regime. Query: We applied for IEC in the month of July 2017 & paid the fee but we didn’t submitted documents. Before submitting document, a notification came saying that now PAN will be IEC. So do we still need to […]

Matrix of Input Tax Credit on opening stock in Transitional Provision

August 25, 2017 5127 Views 2 comments Print

This article presents a matrix about how to claim input tax credit on opening stock as per transitional provisions u/s 140 of CGST Act, 2017 in respect of various type of situations.

Ensuring Health through Immunization: Mission Indradhanush to accelerate coverage

August 25, 2017 909 Views 0 comment Print

It was only after the successful eradication of small pox in the 1970s that systematic immunization on a global scale was recognised as a practical possibility. Today it is considered key to protect children from life threatening diseases and conditions and the most cost effective intervention for child survival.

Regarding Appeals pending involving revenue more than Rs.10 crore

August 25, 2017 3273 Views 0 comment Print

A meeting on Litigation Management in CBEC was held on 01.08.2017 under the chairmanship of Revenue Secretary. The Revenue Secretary has directed that the appeals pending involving revenue more than Rs. 10 crore should be an area of special attention.

Anti-dumping duty on imports of Sodium Nitrite from China

August 25, 2017 1470 Views 0 comment Print

G.S.R. (E).-Whereas, the designated authority vide notification No. 15/06/2016-DGAD dated the 27th July, 2016, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 27th July, 2016, had initiated third sunset review investigation in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975)

Amendment in import policy of gold and silver under Chapter 71 of the ITC(HS) 2017, Schedule -I (Import Policy)

August 25, 2017 1803 Views 0 comment Print

Policy Condition No. 4 restricting imports of gold and silver under Exim Codes 7113, 7114, 7115 and 7118 from South Korea is inserted in Chapter 71 of ITC(HS) 2017 .

Amendment in Foreign Trade Policy Related to importations or exportations of gold or silver

August 25, 2017 855 Views 0 comment Print

Principle of Restriction Relating to the importations or exportations of gold or silver is added at (i) under para 2.07 of Foreign Trade policy (2015-20).

Introduction of Appendix- 2X in Appendices and Aayat Niryat Forms (2015-20)

August 25, 2017 1866 Views 0 comment Print

Appendix 2X- Country Specific Restrictions/ Prohibitions on Import/ Export of Items of in Appendices and Aayat Niryat Forms (2015-20) is notified.

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