"27 November 2018" Archive

Corrigendum to Circular 44/2018-Customs dated 13.11.2018

Circular No. 47/2018-Customs (27/11/2018)

The document code for Extended Producers Responsibility Authorization (EPRA), given in the table at para 1, may be read as 651002 instead of 651001 as mentioned in the above said Circular....

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GST on Sale by Sweetshop which also runs a restaurant

In re Kundan Misthan Bhandar (GST AAR Uttarakhand)

In re Kundan Misthan Bhandar (GST AAR Uttarakhand) (a) whether supply of pure food items such as sweetmeats, namkeens, cold drink and other edible items from a sweetshop which also runs a restaurant is a transaction of supply of goods or a supply of service? The supply shall be treated as supply of service and […]...

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No GST on payment to PWD, Uttrakhand for road construction by NHPC

In re NHPC Limited (GST AAR Uttarakhand)

In re NHPC Limited (GST AAR Uttarakhand) Q1. Whether NHPC Limited required to pay GST under reverse charge of Notification No. 13/2017 while making payment to PWD, Uttrakhand for construction of road? A1. No GST is applicable on the activity of the applicant since the same falls under exempted services in terms of Notification No. [&helli...

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Bonus passed by Del credere agent to customer is not in the nature of a supply

In re M/s. K. K. Polymers (Prop. Advantage Agency Pvt. Ltd.) (GST AAR Rajasthan)

In re M/s. K. K. Polymers (Prop. Advantage Agency Pvt. Ltd.) (GST AAR Rajasthan) The amount passed on to the customer by DCA on account of the early payment before credit period allowed by principal Whether any supply arises in this transaction?  The additional bonus passed on by the applicant (DCA) to the customer, is […]...

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GST on Maintenance & Repair services of commercial & industrial machinery

In re Sandvik Asia Pvt. Ltd. (GST AAR Rajasthan)

Whether the maintenance services rendered on customers equipment under the two agreements i.e. comprehensive maintenance services agreement and supply of parts and services agreement should be classified as composite supply or as mixed supply?...

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GST on composite supply under ESCO model

In re Shri Kailash Chandra (GST AAR Rajasthan)

In re Shri Kailash Chandra (GST AAR Rajasthan) Whether the activity of Operation and Maintenance (O & M) of Fluoride control project on ESCO Model and O & M work supply of goods or supply of services and what shall be the rate of GST on it?  In the given contract, the activity of O […]...

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CBDT Directive on Refund Fraud & Confidential Data Leakage

F. No. DGIT (Vig.)/HQ/DE0/2018-19/5170 (27/11/2018)

Large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds and leakage of confidential data. It has been noticed that quite often the outsourced data entry operators have access to the RSA Tokens issued to the officers and are also aware of the passwords. ...

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53 FAQ’s on Form GSTR-9 – Annual Return

Q1. What is Legal provision for filling GST Annual Return? Ans. Legal requirement of filing Annual return hereafter called GSTR-9 is governed by section 35(5) and section 44(1) of CGST Act. Section 44(1) of CGST Act read with Rule 80(1) of CGST Rules requires that every Registered person other than –  an Input Service Distributor, ...

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Posted Under: Custom Duty |

Advisory on ENDS, e-Cigarettes, e-Nicotine, Flavoured Hookah etc.

Circular No. 46/2018-Customs (27/11/2018)

Advisory on Electronic Nicotine Delivery Systems (ENDS) including e-Cigarettes, Heat-Not-Burn devices, Vape, e-Sheesha, e-Nicotine Flavoured Hookah, and the like products...

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SEBI guidelines to operationalse Interoperability among Clearing Corporations

Notification No. CIR/MRD/DRMNP/CIR/P/2018/145-SEBI (27/11/2018)

(1) The interoperability framework shall be applicable to all the recognised clearing corporations excluding those operating in International Financial Services Centre. (2) All the products available for trading on the stock exchanges (except commodity derivatives) shall be made available under the interoperability framework....

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