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Archive: November, 2017

Posts in November, 2017

Revised IGST Rate for restaurants & job work on handicraft goods notified

November 14, 2017 6024 Views 0 comment Print

Seeks to amend notification No. 8/2017-IT(R) so as to specify rate @5% for standalone restaurants and @18% for other restaurants, reduce rate of job work on handicraft goods @ 5% and to substitute Services provided in item (vi) against Sl No. 3 in table vide Notification No. 48/2017-Integrated Tax (Rate)

Reg. concessional IGST rate of 5% on scientific & technical equipments

November 14, 2017 27102 Views 0 comment Print

Concessional GST rate of 5% on scientific and technical equipments supplied to public funded research institutions vide Notification No. 47/2017-Integrated Tax (Rate)

Restriction of ITC on certain fabrics under IGST Act, 2017 notified

November 14, 2017 1692 Views 0 comment Print

CBEC amends notification no. 5/2017- Integrated tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding restriction of ITC on certain fabrics vide Notification No. 46/2017- Integrated Tax (Rate).

CBEC notifies Reverse charge on raw cotton under IGST Act, 2017

November 14, 2017 1968 Views 0 comment Print

CBEC amends notification no. 4/2017- Integrated tax (rate) dated 28.06.2017 to give effect to gst council decision regarding reverse charge on raw cotton vide Notification No. 45/2017- Integrated Tax (Rate).

CBEC notifies IGST exemptions as decided in 23rd GST council Meeting

November 14, 2017 3099 Views 0 comment Print

CBEC amends notification no. 2/2017- Integrated tax(rate) dated 28.06.2017 to give effect to 23rd gst council decisions regarding gst exemptions vide Notification No. 44/2017- Integrated Tax (Rate)

Revised IGST Rates to give effect to GST council decisions notified

November 14, 2017 5373 Views 0 comment Print

CBEC amends notification no. 1/2017- Integrated tax (rate) dated 28.06.2017 to give effect to 23rd GST council decisions regarding GST rates vide Notification No. 43/2017- Integrated Tax (Rate).

GOI launches BHARAT-22 Exchange Traded Fund (ETF)

November 14, 2017 1671 Views 0 comment Print

The Government of India launched today the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs. 8,000 Crore; This New Fund Offer is open till November 17, 2017 The Fund is expected to benefit long term and retail investors by providing an opportunity of participation in […]

What makes frivolous youngsters turn into responsible home buyers?

November 14, 2017 2154 Views 1 comment Print

Why Pay Rent, When You Can Invest Decoding and coding the investment world isn’t some scientific skill. But it’s tied in with having significant regard for human behaviour. In my career spanning two decades, I have found, the rare genius all great investors share is a great understanding of the instincts, emotions, and tendencies of […]

Expenditure on improvement of existing business is revenue expense

November 14, 2017 2400 Views 0 comment Print

Spectrum Coal & Power Ltd. Vs ACIT (ITAT Mumbai);  We noted that coal beneficiation has been defined as cost effective and significant step towards improving power plant efficiency and reducing the GHG emissions from the coal fired power plants in India would be to increase the availability of clean beneficiated coals using appropriate beneficiation technologies. […]

FAQs on Companies (Registered Valuers and Valuation) Rules

November 14, 2017 6234 Views 2 comments Print

A valuer shall conduct valuation required under the Act as per these rules and he may conduct valuation as per these rules if required under any other law or by any other regulatory authority.

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