In order to enhance the governance, accountability and functioning of Credit Rating Agencies (CRAs), a Consultation Paper comprising proposals pertaining to, inter-alia, rating process followed by the CRAs and disclosures pertaining to the ratings assigned, was issued for public comments on September 08, 2017.
Exporters whose cumulative IGST amount paid against exports and interstate domestic outward supplies, for the period July 2017 to March 2018 mentioned in GSTR- 3B is greater than or equal to the cumulative IGST amount indicated in GSTR-1 for the same period, would be required to submit a certificate from Chartered Accountant before 31stOctober, 2018
Seeks to provide for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/ Trader) till the final findings of New Shipper Review in this regard are recieved.
Seeks to provide for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd.(Producer) till the final findings of New Shipper Review in this regard are received.
Special Refund Fortnight to be organized from 31.05.2018 to 14.06.2018 in which Center and State GST officers will strive to clear all GST refund applications received on or before 30.04.2018.
Registrar has a reasonable cause to believe that following 1171 LLPs have not been carrying on any business or operation for a period of two immediately preceding financial years.
This office has received references from the Trade and Industry stating that they are facing difficulties in availing MEIS benefits in case of exports made under the Project Exports category. The problems highlighted by the Trade is that, at the time of export, they are unable to file shipping bills under Chapter 98 and are required to file the shipping bills under the specific HS
Following procedure is being prescribed to overcome the problem of GST / IGST refund blockage. This would be an interim solution subject to undertakings/ submission of CA certificates by the exporters as given below and post refund audit scrutiny.
Tracking ARN for Exports now available on GST Portal The system will now give one of following status: a) Refund confirmation received from ICEGATE on <date>: This implies that the ICEGATE has completed the processing and has reverted with confirmation to the GST System. b) Refund record rejected by ICEGATE on <date> due to <error […]
Reverse Charge under GST may be defined as the mechanism where the recipient of goods or services is liable to pay GST to the Government for the supply of goods or services or both in the place of supplier of such goods or services.
