Rates of rewards under MEIS for Onions, Fresh or Chilled, under HS Code 07031010 have been enhanced from 5% to 10% with immediate effect vide Public Notice No. 65/2015-2020 Dated 28th Dec 2018
An applicant can seek an advance ruling in relation to supply of goods or services or both undertaken or proposed to be undertaken by the applicant. Further, as per Section 103 (1) of the APGST Act such an Advance Ruling is binding only on the applicant and on the Officer Concerned or the jurisdictional Officer in respect of the applicant.
All Importers and Customs Brokers are requested to clear the fully facilitated Bills of Entry in less than 24 hours time (from entry inward / arrival of goods). A helpdesk has been created in RMS facilitation centre to address any difficulty faced by Importers / Customs Brokers in clearance or to clear any doubt.
GST being a Destination based tax regime, will benefit the Destination state or in bare act terms we can say the state having place of supply. The four major issues in the earlier tax regime became the four pillar of the GST tax regime which were- Multiple taxes, multiple procedures, cascading effect & double taxation.
Central Government hereby notifies for exemption U/s. 10(46) ‘Himachal Pradesh Kaushal Vikas Nigam’, Shimla, a body constituted by the Government of Gujarat vide Notification No. 92/2018 Dated : 28th December, 2018. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 92/2018 New Delhi, the 28th December, 2018 S.O. 6357(E).—In exercise of […]
Central Government, having regard to the national interest, hereby notifies vide Notification No. 91/2018 the National Iranian Oil Company, as the foreign company and the arrangement for bilateral trade payments entered between the Government of India and the Government of Iran on 2nd November, 2018 as the arrangement subject to the condition that the said foreign company shall not engage in any activity in India, other than the receipt of income under the aforesaid arrangement.
Central Government hereby notifies for exemption U/s. 10(46) ‘Rajasthan State Open School Society’, Jaipur, a body constituted by the Government of Gujarat vide Notification No. 90/2018 Dated : 28th December, 2018. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 90/2018 New Delhi, the 28th December, 2018 S.O. 6355(E).—In exercise of […]
Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/160 December 28, 2018 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds/ Sir / Madam, Subject: Creation of segregated portfolio in mutual fund schemes A. In order to ensure fair treatment to all investors in case of a credit event […]
Offer for Sale (OFS) of Shares through Stock Exchange Mechanism shall be available to companies with market capitalization of Rs.1000 crores and above, with the threshold of market capitalization computed as the average daily market capitalization for six months period prior to the month in which the OFS opens.
When cash payment was done on insistence of the seller, amount was duly recorded in the sale deed and no doubt was raised with regard to the genuineness of the transaction, disallowance u/s 40A(3) not justifiable.
