The National Guidelines on the Economic, Social and Environmental Responsibilities of Business (Guidelines) presented herein are the outcome of a process initiated by the Ministry of Corporate Affairs (MCA) in September 2015.
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do
Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975 vide Notification No. 48/2018–Customs dated 20th June, 2018.
The petitioner has alleged in the petition that despite making several efforts on the last date for filing of the application, the electronic system of the respondent no.2 did not respond, as a result of which the petitioner is likely to suffer loss of the credit that it is entitled to by passage of time.
Under Rule 96 of the CGST Rules, 2017, the refund of IGST paid on exports of goods is to be disbursed by Customs. For this COST System transmits invoice level data, after validations, to the ICEGATE system, which would further validate with Shipping Bill and process the refund.
Preface The Scheme of Classification of Services adopted for the purposes of GST is a modified version of the United Nations Central Product Classification. 2. The Explanatory notes for the said Scheme of Classification of Services is based on the explanatory notes to the UNCPC, and as recommended by the committee constituted for the purpose, […]
Subject of cross charge (applicable on transactions between separate registrations of a single person) has been vigorously debated since the implementation of GST. In the present article we seek to communicate our views on the said subject.
Arjun (Fictional Character): Krishna, Does government has made changes in GST law on 13th June 2018? Krishna (Fictional Character): Arjuna government makes amendment to the Act, Rules as and when needed, these amendments are conveyed to the Taxpayers by the way of notification, clarification etc. Recently a notification has been issued in Central Tax in […]
India until the introduction of the present Insolvency and Bankruptcy Code 2016 had offered a multi-pronged solution to the problem of recovery of debt/revitalizing the failing business. As many as 13 enactments (such as SARFASEI, RDB Act, SICA, Company law etc.) dealing with insolvency and bankruptcy existed and there was no single law in India dealing with Insolvency and Bankruptcy.
Till now, Dematerialisation of Shares was a mandatory requirement for a listed entity to have its 100% promoter shareholding and 50% non promoter shareholding in demat form. But now, as a part of its drive to lift the corporate veil, target benami transactions and bring more transparency, the government plans to make it compulsory for […]
