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Archive: 11 September 2018

Posts in 11 September 2018

New MEIS Module (for EDI shipments) to enable Automatic Approval of Claims

September 11, 2018 3327 Views 0 comment Print

DGFT would start the process of system driven approval of the MEIS claim Applications from 13.09.2018 in respect of exports made through EDI shipping bills. The procedure for exporters/ MEIS applicants and the RAs are being outlined below for information and awareness. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General […]

Brief Analysis of GST Notifications Dated 04th September 2018

September 11, 2018 2613 Views 0 comment Print

The Central Government hereby extends the time limit for making the declaration in FORM GST ITC-01 of the said rules, by registered persons who have filed the application in FORM GST-CMP-04 of the said rules between the 2nd day of March, 2018 and the 31st day of March, 2018, for a period of thirty days from the date of publication of this notification in the Official Gazette.

Section 14A (Read with Rule 8D) – Conundrum for Assessee’s

September 11, 2018 19581 Views 3 comments Print

The time for completion of Income Tax assessments for A.Y 2016-17 is coming and Sec- 14A is one of the reason of scrutiny assessment of assesse, therefore here I am discussing some topics relating to sec – 14A read with rule 8D to resolve issues.

GST on Pollution control device for use in waste to energy plants/devices

September 11, 2018 9030 Views 0 comment Print

Pollution control device being supplied by the applicant for use in ‘waste to energy plants/devices’ are classifiable under chapter heading 8421 of the first schedule to the Customs Tariff Act, 1975 and are covered by Sr. No. 234 of schedule I of Notification No.01/2017-Central Tax (Rate) dt.28.06.2017 & Notification No.35/ST-2 dt.30.06.2017, chargeable to CGST @2.5% and SGST @ 2.5%.

GST on Abhivahan Shulk, Khanij sampada shulk, fee collected by UEPPCB

September 11, 2018 2772 Views 0 comment Print

In re Purewal Stone Crusher (GST AAR Uttarakhand) (i) Abhivahan Shulk is different, from toll tax and is covered under Service Code 9997 and to be “treated as ‘other services’ and is liable for GST. The applicant is liable to pay GST @ 18% as on date on the same under reverse charge in terms […]

Implication of GST on various charges paid on delayed payments w.r.t Non Taxable/ Exempt/ Nil rated supplies

September 11, 2018 3780 Views 0 comment Print

There are many supply transactions that are kept out of the ambit of GST be it Real Estate sector or Petroleum sector etc.,. Similarly, Government has exempted many supplies from the liability of GST in the public interest and imposed Nil rate of GST on certain supplies. These supplies are called as Non-GST, Exempt and Nil rated Supplies.

Reg. Re-import of certain indigenously manufactured electronic goods

September 11, 2018 1014 Views 0 comment Print

Seeks to amend notification No. 158/95-Customs dated 14th November, 1995 to allow re-import of certain indigenously manufactured electronic goods, for repair and reconditioning within seven years from the date of exportation, without payment of basic customs duty subject to the condition that the goods are re­-exported back after repair and reconditioning within one year from […]

Labour Laws in India- Initiatives Taken and Shram Suvidha Portal

September 11, 2018 4824 Views 1 comment Print

This article is about brief introduction of initiatives taken by the Ministry of Labour and Employment for ease of doing business in Labour Laws.

CBDT notifies protocol amending India-Portuguese DTAA

September 11, 2018 2043 Views 0 comment Print

CBDT notifies protocol amending India-Portuguese DTAA vide Notification No. 43/2018- Income Tax Dated: 11th September, 2018

Important points to be considered before filing GSTR-3B/GSTR-1 for the month of September 2018

September 11, 2018 5808 Views 3 comments Print

GST Circular No. 12/GST/SSG/2018 dated 31st August 2018 Important points to be considered before filing GSTR-3B/GSTR-1 for the month of September 2018

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