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Archive: 05 February 2018

Posts in 05 February 2018

Roof Ventilators are not Windmills; 18% GST Payable: AAR

February 5, 2018 3540 Views 0 comment Print

I. M/s. Sammarth Overseas & Credits Pvt. Ltd., Sanathnagar, Hyderabad, (GSTIN No. 36AAGCS9604PIZ0) has filed an application and sought advance ruling on the following issues under Section 97(1) of TGST Act, 2017 read with Rule 103 of CGST/TGST Rules, 2017.

28% GST payable on Ice Cream Making Machine (Tariff Heading 84.18)

February 5, 2018 4071 Views 1 comment Print

The applicant M/s. Mitora Machinex Pvt. Ltd. has submitted that they manufacture and supply the Ice Cream Making Machines’ in diverse specifications such as Automatic Ice Cream Making Machine, Countertop Ice Cream Making Machine, Soft Ice Cream Making Machine and Fully Automatic Ice Cream Making Machine..

Benefit of Composition Scheme can’t be denied for procedural deficiency

February 5, 2018 876 Views 0 comment Print

While hearing the case of Bridge & Roof Company Limited vs. CCE, Delhi bench of the Customs Excise & Service Tax Appellate Tribunal held that the benefit of the composition scheme cannot be denied to an assessee who has entered into contracts prior to 1.07.2007.

J&K Govt. notifies Reimbursement of Taxes for promotion of industries

February 5, 2018 2067 Views 1 comment Print

State of Jammu and Kashmir hereby notifies the following scheme for providing budgetary support to the manufacturing units in the shape of reimbursement of State Taxes paid under Jammu and Kashmir Goods and Services Tax Act, 2017.

Do we really understand government securities? You can now, with its distinguishing features

February 5, 2018 1806 Views 0 comment Print

Flummoxed was the correct reaction when I heard from my son that thousands of pages of research papers have been written in USA over government securities. But, when Mr. Viral V. Acharya, Deputy Governor, RBI in his speech at annual dinner of FIMMDA, Mumbai stated that current bond future contracts, introduced only in 2014

AMCs to prominently disclose TER of all scheme on daily basis: SEBI

February 5, 2018 804 Views 0 comment Print

t is observed that there are frequent changes carried out in Total Expense Ratio (TER) and such changes are not prominently disclosed to investors. In order to bring uniformity in disclosure of actual TER charged to mutual fund schemes and to enable the investor to take informed decision, the following has been decided:

Amendment in import policy condition of pepper

February 5, 2018 786 Views 0 comment Print

Import policy of Light black pepper classified under EXIM Code 0904 11 20 under Advance Authorization Scheme is laid down, in partial modification of the Notification No. 42 /2015-20 dated 6th December, 2017.

Updation in Para 4 (A) of General Notes Regarding Import Policy of ITC (HS), 2017, Schedule – I (Import Policy)

February 5, 2018 1152 Views 0 comment Print

Consequent to modification in Section 3(2) of the Food Safety & Standards (Import) Regulation, 2017, Para 4 (A) of General N tes Regarding Import Policy of ITC (HS), 2017, Schedule — I (Import Policy) stands update

Designation of Special Court for Company Law offences in Kerala, Lakshadweep, Odisha & Assam

February 5, 2018 1104 Views 0 comment Print

Notification No. S.O. 528(E) High Courts of Kerala, Orissa and Gauhati, hereby designates the following Courts mentioned in column (2) of the Table below as Special Courts for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the said sub-section, namely:-

Reg. Implementation of 13-digit numbering scheme for M2M communication

February 5, 2018 24504 Views 2 comments Print

It was decided that 13-digit M2M numbering plan will be implemented from 1st July 2018. From this date on wards, all new M2M mobile connections will be allocated 13-digit numbers only.

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