"01 August 2018" Archive - Page 2

AAAR on classifications of skin care preparations as Medicaments / Cosmetics

Akansha Hair & Skin Care Herbal Unit Pvt Ltd (GST AAAR West Bengal)

Akansha Hair & Skin Care Herbal Unit Pvt Ltd (GST AAAR West Bengal) The core issue involved in this appeal is whether Ayurvedic Products manufactured by the Appellant, are classifiable under Chapter 33, or any other Chapter, or as medicaments under Chapter 30 of the Tariff. Also Read AAR Ruling- Skincare preparations are medicaments f...

Read More

List of services falling under Services Export Promotion Council jurisdiction

Public Notices No. 26/2015-2020-DGFT (01/08/2018)

DGFT hereby inserts the list of services falling under the jurisdiction of Services Export Promotion Council which is listed at sl no 22 in Appendix 2T of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015­20 in terms of Para 2.91 (b) of HBP 2015-20 with immediate effect...

Read More

SOP for movement of Domestic Containers from ICD’s to JNPT Terminals

Public Notice No. 114/2018-JNCH (01/08/2018)

Standard operating procedure is hereby prescribed in relation to movement of Domestic Containers by Rail/Road by CONCOR from its various ICD’s to JNPT port terminals and vice versa....

Read More

Loans to Cost more as RBI hikes key rate for second time in two months

Press Release: 2018-2019/278 & 279 (01/08/2018)

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5 per cent. Consequently, the reverse repo rate under the LAF stands adjusted to 6.25 pe...

Read More

A brief about the Information Utility under IBC

Resolution in a time bound manner is one of the main objects of the Insolvency and Bankruptcy Code, 2016 which has now become realistic by designing a tool which endeavors to provide the undisputed information called as an Information utility. In accordance with the legal provisions of National e-Governance Services Ltd. (NeSL), the sing...

Read More

GST aspects during Tax Audit for AY 2018-19

Tax Audit Season is commencing soon. With introduction of GST and amendment to Form 3CD, tax audit for AY 2018-19 poses new challenges. This write up enlists probable challenges and suitable solutions....

Read More

ISO Registration and Requirements

International Standards Set out the benchmark for all the businesses who are dealing in different products or services that how any process should work. They help businesses by providing specifications for products, services and systems, to ensure that how quality, safety, reliability and efficiency are instrumental in facilitating Trade....

Read More

Tax Deducted at Source on Payments to Non Residents

I am trying to start the series of Frequently Asked Questions on Payments to Non Residents. I have prepared the same based on my past experience and based on questions asked to me by my clients or professional colleagues....

Read More

Tax Evasion in Post-GST Regime

Tax Evasion in Post-GST Regime The number of cases of Tax Evasion reported post-GST regime are given in Table below: Period Detection No. of cases Amount in Crore July 2017 to June 2018 1205 3026.55 The nature of cases include misuse of Input Tax Credit, mis-declaration in the GST Returns, tax declared in GST Returns […]...

Read More