"21 December 2018" Archive

GST on retro-fitment of Twin Pipe Air Brake System on Railway Wagons

In re Pew Engineering Pvt. Ltd. (GST AAR West Bengal)

In re Pew Engineering Pvt. Ltd. (GST AAR West Bengal) Whether retro-fitment of twin pipe air brake system is composite supply and what is the rate of tax thereon? The Applicant’s contract for retro-fitment of Twin Pipe Air Brake System on Railway Wagons is to be treated as Composite Supply, where the Twin Pipe Air Brake […]...

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CBDT notifies DTAA between India-Hong Kong

Notification No. 89/2018-Income Tax / S.O. 6247(E) (21/12/2018)

Republic Of India And Government Of Hong Kong Special Administrative Region Of People’s Republic Of China For Avoidance Of Double Taxation And Prevention Of Fiscal Evasion With Respect To Taxes On Income ...

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NPS Withdrawal: Norms, Purpose, Limits and Frequency

NPS Withdrawal Norms The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility ...

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Latest initiatives of ICAI for reforms in CA Course & Exam System

New Scheme of Education and Training which was launched last year, is also in line with the International Education Standards. Some of the latest initiatives being undertaken by ICAI towards reforms in the CA Course and Examination System are mentioned below:...

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18% GST on Polished limestone slabs classifiable as other calcareous stone

In re Maheshwari Stone Supplying Co. (GST AAAR Telangana)

In re Maheshwari Stone Supplying Co. (GST AAAR Telangana) Issue- Polished / Processed limestone slabs are correctly classifiable under heading 6802 of the GST Tariff? appellant has not made out a case against the decision in impugned Advance Ruling in so far as it has been ruled that ‘Polished / Processed Limestone slabs are. correc...

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4 reasons why the vehicle insurance claim will be denied

Owing a car is a big deal especially for middle-class earning family. We take good care of the car so that it doesn’t get bruised or dented and provide necessary things for it. However, it is possible that your car may get into an accident where you will have to use the car insurance to […]...

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GST on Construction of private railway siding for carriage of coal & oil fuel

In re RITES Limited (GST AAR West Bangal)

In re RITES Limited (GST AAR West Bangal) Whether construction of a railway siding by an entity other than railways is taxable under Sl No. 3(v) of Rate Notification on service Construction of a private railway siding for carriage of coal and oil fuel to Raghunathpur TPS, as described in the agreement between the Applicant […]...

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AEO Programme Digitization – Ease of doing business

Public Notice No. 161/2018-JNCH (21/12/2018)

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III),  MUMBAI CUSTOMS ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TAL: URAN, DIST: RAIGAD, PIN – 400 707. F.No. S/22-Misc-780/2017-18/AEO Cell JNCH Date: 21.12.2018 PUBLIC NOTICE NO.  161/2018 Subject: – AEO programme digitization – Ease of doing business – Development o...

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GST on printing of Bible against order from foreign entity & supply in India

In re Swapna Printing Works Private Limited (GST AAR West Bangal)

In re Swapna Printing Works Private Limited (GST AAR West Bangal) The Applicant’s activity of printing the Bible under the specific orders received from The Gideons International is a supply of service classifiable under SAC 9989. The above service is supplied to the recipient located in India and the consideration is apparently receive...

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Luxury and sin items can’t be taxed at the same rate: FM

Single GST or no Single GST one thing is for sure that a strong Opposition is good for the well being of the citizens of the country. As far as GST is concerned there is still a lot desired on technical, procedural and simplification aspects. ...

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