"25 January 2020" Archive

Steps by step process to Apply for Import Export Code Online (IEC) 

How to Apply for Import Export Code Online (IEC) — Know the Process Step by Step An Import Export (IEC) Code is a 10-digit number given to that person who do import or export goods and services from abroad which provided by Director General of Foreign Trade (DGFT). IEC is a code allotted on Individual PAN Number […]...

Posted Under: DGFT |

Medical, Health Care and Social Care under GST

Meaning of Clinical Establishment: As per Notification No. 12/2017-CT(Rate) dated 28th June, 2017 Para 2(s) of the CGST Act, 2017, ‘Clinical Establishment’ means a hospital, nursing home, clinic, sanatorium or any other institution by whatever name called that offers services or facilities requiring diagnosis or treatment or c...

Posted Under: DGFT |

Do not include ‘0’ at the Start of Membership ID in GSTR 9C

On 24.01.2020 some taxpayers faced following problem while filing GSTR 9C. While trying to upload JSON file they were getting message ‘ERROR OCCURRED’ This issue is because of incorrect format of data entered in Membership ID being uploaded on GST Portal starting with 0. ‘0‘ should not be used. Also Read- Advisory ...

Posted Under: DGFT |

GSTR 9C Automation Tool

GSTR 9C Automation Tool has been developed and designed to prepare GSTR 9C form flexibly. Prepare GSTR 9C form in just 3 sheets and export it to GSTR 9C Offline utility with click of one button. Features of the tool -Easy to prepare and fill GSTR 9C Reconciliation Form -Work on maximum 3 sheets instead […]...

Posted Under: DGFT |

Create Independent Ministry headed by Taxation Expert for GST

As the GST Council is being chaired by the Finance Minister, who has hundreds of other commitments, it is not possible for her to concentrate fully on GST related issues. Ahilya Chamber, therefore, requests that a independent dedicated ministry with Cabinet Rank, headed by an Taxation Expert, be created for GST....

Posted Under: DGFT |

Analysis of New SEBI SOP Circular vis-a-vis Existing Circular

Existing SOP Circular covers 18 provisions of Listing Regulations for which penal provisions are applicable whereas New SOP Circular covers 28 provisions of Listing regulations for which penal provisions are applicable....

Posted Under: DGFT |

RBI Compliance in Case of Acquisition/ Transfer of Control of NBFC

Article discusses The procedure of acquisition/ transfer of control of NBFC, The requirement of prior approval of Reserve Bank for Acquisition/ Transfer of Control of NBFC, Application for prior approval for Acquisition/ Transfer of Control of NBFC and requirement of Prior Public Notice about change in control/ management of NBFC. Procedu...

Posted Under: DGFT |

IGST on Ocean Freight Unconstitutional/Double Taxation

High Court concluded that no tax is leviable under the Integrated Goods and Services Tax Act, 2007, on the ocean freight for the services provided by a person located in a non-taxable territory by way of transportation of goods by a vessel from a place outside India upto the customs station of clearance in India and the levy and collectio...

Posted Under: DGFT |

Request for extension of GSTR-9 / GSTR-9C report for year 2017-18

JCCI has requested Hon Union Finance Minister of India  to extend due date of GSTR-9 / GSTR-9C report for year 2017-18 to atleast up to 31.3.2020 as due to system problem Taxpayers are unable to file / upload GSTR-9 and GSTR-9C. JCCI (JAMNAGAR CHAMBER OF COMMERCE & INDUSTRY) 36/37/1123 Date 24.01.2020 To, Smt. Nirmala Sitharamanji, [...

Posted Under: DGFT | ,

Extend due date of GST Annual returns / Audit of 2017-18 to 31/3/2020

There is sufficient cause and need for the extension of filing of Annual Forms GSTR-9, 9A, 9B and 9C for a reasonable period of time to give justice to the correctness of returns, considering the need for reconciliations state-wise....

Posted Under: DGFT | ,

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