Input tax paid on purchase of goods used for demonstration purpose to customer can be availed as input tax credit on capital goods and set off against output tax payable under GST
Government of India Ministry of Finance (Department of Revenue) New Delhi Notification No. 69/2018- Customs Dated: 26th September, 2018 G.S.R. 929(E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, […]
CBIC increases Standard Rate of Custom Duty on Cut and polished coloured gemstones, Diamonds including lab grown diamonds-semi-processed, half-cut or broken and Non-industrial diamonds including lab-grown diamonds (other than rough diamonds) from 2.50% to 7.50% vide Notification No. 68/2018- Customs, Dated: 26th September, 2018 Government of India Ministry of Finance (Department of Revenue) New Delhi Notification […]
Tariff measures taken to curb the imports of non-essential items 1. The Central Government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items vide Notification No. 67/2018- Customs Dated: 26th September, 2018. . These changes aim at narrowing the current account deficit (CAD). 2. In all the […]
CBIC extends the exemption from Integrated Tax (IGST) and Compensation Cess upto 31.03.2019 on goods imported against AA/EPCG authorizations vide Notification No. 66/2018- Customs, Dated: 26th September, 2018
1 (1) This Ordinance may be called the Indian Medical Council (Amendment) Ordinance, 2018. (2) It shall come into force at once.Amendment of section 3A.- 2. In section 3A of the Indian Medical Council Act, 1956 (102 a 1956),-
In re Nagarjuna Agro Chemicals Private Limited (GST AAAR Telangana) (i) The Refill Reagents, said to be chemicals/chemical substances, however, as supplied to the customers, have no identity whatsoever by any specific name, description or contents etc., so as to show their actual nature / composition. Their only identity is in terms of the SI. […]
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 58/2018 New Delhi, the 26th September, 2018 S.O. 4985(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Tamil Nadu […]
Central Government hereby notifies for the purposes of the said clause, ‘Uttarakhand Real Estate Regulatory Authority’, Dehradun, an authority constituted by the Government of Uttarakhand, in respect of the following specified income arising to that authority, namely:-
Central Government hereby notifies for the purposes of the said clause, ‘Chhattisgarh State Electricity Regulatory Commission’, Raipur, a Commission constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that Commission, namely:—
