"22 November 2018" Archive

Sunset Review of anti-dumping investigation on Methylene Chloride import

F. No. 7/15/2018-DGAD 22/11/2018

Sunset Review of anti-dumping investigation on the imports of “Methylene Chloride” originating in or exported from the European Union and the United States....

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NFRA Rules 2018 notified

Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement NFRA....

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Posted Under: Custom Duty |

Post Merger Adaptation – A significant element to successful deal

Mergers and acquisitions are used for improving the competitiveness of companies and gaining an advantage over other firms by gaining greater market share, broadening the portfolio to reduce business risk, entering new markets and geographic spread, and capitalizing on economies of scale....

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Posted Under: Custom Duty |

Registration Provisions and Procedures under UAE VAT

Being registered under the VAT law means that a business is acknowledged by the government, as a supplier of Goods and Services and is authorized to collect VAT from customers and remit the same to the government. Only VAT registered businesses will be allowed to do the following: Charge VAT on taxable supply of goods and […]...

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Posted Under: Custom Duty |

Significance of GSTR-1 & GSTR-2 : Filing of GSTR-9, GSTR-9A, GSTR-9B, GSTR-9C

For the Financial Year 2017-18, due date for filing Gstr-9 – Annual Return, is 31st December 2018 according to Goods and Services Act, 2017. GSTR 9 form is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme. It consists of details regarding the suppl...

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In absence of PE in India No tax on money received by IBM Philippines in the course of their business

DCIT, International Taxation Vs IBM India Pvt. Ltd (ITAT Bangalore)

IBM India Pvt. Ltd case: IBM Philippines received the monies in the course of their business and did not have PE in India and therefore the receipt in question could not be brought to tax...

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Taxation of Gratuity

People employed in organised sector and with governments receive gratuity at the time of their retirement/death. Gratuity also becomes payable on termination of services. The gratuity becomes payable only if one has service for continuous five years with the same employer. Though many of your might have received gratuity but most of you ...

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Templates of Rulings received from other jurisdictions under BEPS Action 5 -Reg.

Instruction No. 6/2018 22/11/2018

India being a G20 Country is committed to implement the minimum standards laid down in the Base Erosion and Profit Shifting (BEPS) Project. One of the minimum standards that every participating jurisdiction has to achieve is to ensure a Transparency Framework for spontaneous exchange of rulings under BEPS Action 5....

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Non Basmati rice made eligible for MEIS benefits

Public Notice No. 49/2015-2020-DGFT 22/11/2018

Non Basmati rice items have been made eligible for MEIS benefits at the rate of 5% for exports made with effect from 26.11.2018 and upto 25.03.2019 vide Public Notice No. 49/2015-2020 Dated 22nd November 2018. ...

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Termination of NSR: Anti-dumping duty imposed on “Jute Products”

F. No. 7/23/2017-DGAD. 22/11/2018

New Shipper Review under Rule 22 of the Anti-Dumping Rules for determination of individual dumping margin for M/s Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/Trader) in the case of Anti-dumping duty imposed on Jute Products viz – Jute Yarn/Twine (multiple folded/cabled and single), Hessian Fabric and Jute Sac...

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