"July, 2018" Archive - Page 3

Tariff Notification No. 66/2018-Customs (N.T.), Dated: 31.07.2018

Notification No. 66/2018-Custom (N.T.) (31/07/2018)

Tariff Notification No. 66/2018-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver ...

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GIST of notifications issued on 26th July 2018

CBEC issued series of notification on 26th July 2018 to give effect to the recommendation of GST Council. Below mentioned is the summary of important notifications issued by CBEC on 26th July 2018...

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Posted Under: Custom Duty |

Detailed Analysis With Examples on TDS Under GST

Article explains Provisions of TDS under GST, By whom TDS under GST are to be deducted, Date from which Deduction of TDS under GST to be made, Rate of TDS under GST, Threshold limit for deduction of TDS under GST, When deduction for TDS under GST is required to be made or not to be made, Cases for deduction and non-deduction of TDS unde...

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Posted Under: Custom Duty |

CBDT notifies NSE IFSC Limited under section 43(5)(d)

Notification No. 36/2018-Income Tax (31/07/2018)

CBDT notifies NSE IFSC Limited, Gandhinagar, Gujarat under clause (ii) of Explanation 1 of clause (d) of proviso to sub-section (5) of Section 43 of the Income-tax Act, 1961 (43 of 1961) read with sub-rule (4) of Rule 6DDB of the Income-tax Rules, 1962 vide Notification No. 36/2018 Dated 31st of July, 2018....

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CBDT notifies India International Exchange (IFSC) Limited U/s. 43(5)(d)

Notification No. 35/2018-Income Tax (31/07/2018)

CBDT notifies India International Exchange (IFSC) Limited under clause (ii) of Explanation 1 of clause (d) of proviso to sub-section (5) of Section 43 of the Income-tax Act, 1961 (43 of 1961) read with sub-rule (4) of Rule 6DDB of the Income-tax Rules, 1962 vide Notification No. 35/2018 Dated 31st of July, 2018. Government of India [&hel...

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GST: Input Tax Credit on Fabrics – Case of an Institutional Loot??

Notification No. 20/2018-Central Tax (Rate) seeks to allow the refund of accumulated input tax credit (“ITC”) on account of inverted rate structure in case of fabrics but only in respect of supplies received on or after 1st August, 2018. ...

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Posted Under: Custom Duty |

HSN Classification under GST- Free E-Book

Under Indirect Tax Laws, classification is the categorization of goods or services crucial to ascertain whether a subject matter is exigible to tax, exemption, rate of tax etc. In GST regime, classification of goods has to be in accordance with Customs Tariff Act which is based on the Harmonized System of Nomenclature (HSN). The classific...

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Posted Under: Custom Duty |

Special Campaign for GST Migration Pending cases

Trade Circular No. 18T of 2018 (31/07/2018)

Maharashtra Government has announced a Special Campaign for GST Migration Pending cases vide Trade Circular No. 18T of 2018 dated 31/07/2018 and explained Whom to apply for re-opening the Migration Window?,What should be included in the Request Letter? and Procedure for completing pending Migration. Office of the Commissioner of Sales Tax...

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Don’t Wait For Last Day To file Your KYC By Filing Form DIR 3 KYC

E-Form DIR-3 KYC is required to be filed pursuant to Rule 12A and Rule 11(2) and (3) of The Companies (Appointment and Qualification of Directors) Rules, 2014. Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014 as introduced vide Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 20...

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Posted Under: Custom Duty |

Revised Form 3CD in Excel fromat for A.Y. 2018-19

Form 3CD reflecting effect of changes/revision made by CBDT  by Income Tax (8th Amendment Rules, 2018 (Changes in Form 3CD): CBDT Notification No. 33/2018 Dt. 20th July, 2018 expanding scope of reporting/ verification requirements relating to GST, SFT, Cash Transactions, Transfer Pricing, etc., applicable w.e.f. 20 Aug. 2018, for FY 2017...

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Posted Under: Custom Duty |