"16 February 2018" Archive

CBEC accepts 63 Orders of SC, HC & CESTAT for no further appeal

Circular No. 1063/2/2018-CX (16/02/2018)

Attention is invited to sixty three orders of different High Courts summarized in this Circular which have been accepted by the Department. In fourteen of these orders, Hon’ble High Courts have decided various questions of law. In the rest forty nine cases the Hon’ble High Courts have delivered judgments on the basis of some settled c...

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GST department started sending notice to GST Return Defaulters

Being a registered taxpayer. you are required to furnish return for the supplies made or received and to discharge resultant tax liability for the aforesaid tax period by due date. It has been noticed that you ha‘e no: tiled the said return till date....

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Posted Under: Excise Duty |

GST composition scheme: A complete guide for small businesses

The composition scheme which we are witnessing under GST is a carry over from earlier taxation law and was implemented under the respective State VAT Laws with conditions applied on eligibility for the scheme accordingly. Alternatively GST composition scheme assures greater compliance without the requirement of maintaining records. This s...

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Posted Under: Excise Duty |

Adhere to time frame for filing of SLPs and Appeals in SC: CBEC Chairman

DO. No. 07/CH(EC)/2018 (16/02/2018)

CBEC has already put in place a mechanism to prevent delay in filing of SLPs and Appeals in the Hon'ble Supreme Court and a letter dated 1st June 2017 to this effect has already been circulated indicating revised time-frames. This is also available in the CBEC website. May I request you all to strictly adhere to the time frame indicated i...

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Field formations can obtain SDR/CDR details directly from telecom companies: CBEC

Instruction No. 03/2018-Customs (16/02/2018)

This is reportedly being done as telecom service providers are not providing these details to the field formations since they are not a designated Law Enforcement Agency' like DRI under the provisions of Section 5(2) of Indian Telegraph Act, 1885....

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Advisory on Refund of IGST paid on Exports of Goods with Payment of Tax

This is with reference to the processing of invoices of GSTR 1 pertaining to the export of goods with payment of IGST by the GST System, and transmission of validated invoices to ICEGATE for refund of IGST paid on exports of goods. ...

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Posted Under: Excise Duty |

CAG extends last date for online empanelment application

Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2018-19...

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Posted Under: Excise Duty |

Export Promotion: DGFT & CBEC- Why bureaucracy rejoices in failure of clean administration- Part 1

The DGFT started with the computerization of the DGFT network in 1995 but even after a lapse of 20 years till date they have not been able to achieve the same. The reason is simple because no bureaucrat ever wants the power to slip from their hands or the opportunity to harass the exporters....

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Posted Under: Excise Duty |

Video: GST Late Fees for Oct-Dec 2017 – GSTR 1 – When, How, Amount?

As you all know the due dates for GSTR 1 for Oct – Dec 2017 has gone and now the issue before us is WHAT will be the late fees and HOW will it be calculated and WHEN will it be paid? I had tried to sort out the problem in the most logical way […]...

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Posted Under: Excise Duty |

Video: Major Changes in GST Composition Scheme

Recently there was a major change in Composition Scheme which was beneficial to both traders and manufactures.Manufactures are treated at par with traders.And liability of tax also reduced on traders.Click on the below attachment for complete understanding of the scheme and notification which was issued earlier and the amended notificatio...

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Posted Under: Excise Duty |