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Archive: 10 February 2020

Posts in 10 February 2020

GST on Online Supply of educational material to educational institutions

February 10, 2020 7149 Views 1 comment Print

The supply of services in the nature of subscription to the J-Gate by the educational institutions is eligible for exemption from GST under sub-item (v) of item (b) of serial no.66 of Notification No. 12/2017- Central Tax (Rate) dated 28.06.2017 as amended by Notification No. 2/2018- Central Tax (Rate) dated 25.01.2018.

CBIC-Sanction of Prosecution of Group -‘A’ Officers- Competent Authority

February 10, 2020 1518 Views 0 comment Print

In respect of the proposals emanating from the field formations of Customs [including Directorates, except DRI & DGGSTI], the Commissioner (Investigation-Customs) and the Commissioner (GST-Investigation), shall respectively process the proposals pertaining to prosecution of Group ‘A’ officers through the Member in charge of the Zone forwarding the prosecution proposal.

Previously issued LPCOs cannot be uploaded on eSANCHIT w.e.f 28.02.2020

February 10, 2020 492 Views 0 comment Print

Since the facility to upload the LPCOs is now being fully made available to these 3 new PGAs, therefore, the beneficiaries i.e. importer/exporters/customs brokers would not be allowed to upload the previously issued LPCOs on eSANCHIT w.e.f 28.02.2020

ITC not admissible on goods and services used in construction of warehouse used for letting out on rent

February 10, 2020 12984 Views 0 comment Print

ITC is not admissible on the goods and services received and used in the construction of warehouse used for letting out on rent as per the Section 17(5)(d) of CGST Act, 2017.

No profiteering if no change in Tax Rate in Pre & Post GST Era

February 10, 2020 771 Views 0 comment Print

In the present case, we observe that the allegation of the Applicant No. 1 is that the Respondent had maintained the same selling price in respect of supplies of the said Power Bank before and after coming into force of Notification No. 24/2018-Central Tax (Rate) dated 31.12.2018 and he had not passed on the benefit of reduction in the GST rate to the Applicant No. 1 and other recipients.

Anti-dumping duty on import of Acetone from Korea

February 10, 2020 888 Views 0 comment Print

Notification No. 04/2020—Customs (ADD)- Seeks to extend anti-dumping duty on import of Acetone originating in or exported from Korea RP till 15th April, 2020 imposed vide Notification No. 05/2015-Customs(ADD) dated 18.02.2015 MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2020—Customs (ADD) New Delhi, the 10th February, 2020 G.S.R. 99(E).— Whereas, the designated authority vide initiation […]

Draft Framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems

February 10, 2020 591 Views 0 comment Print

To set up new pan-India umbrella entity / entities focussing on retail payment systems. Such an entity shall be a Company incorporated in India under the Companies Act, 2013. The Company may be a ‘for-profit’ or a Section 8 Company as may be decided by it.

Carbonated beverages with fruit juice classifiable under CTH 22021020 or 22021090

February 10, 2020 9015 Views 0 comment Print

In re M/s. Rich Dairy Products (India) Pvt Ltd (GST AAAR Tamil Nadu) AAAR upheld the order of AAR and held  that The products ‘Richyaa Darner Lemon’ and ‘Licta Lemon’ to be supplied by the applicant are classifiable under CTH 22021020 and all others i.e. ‘Richyaa Darner Cola’, ‘Licta Cola’, ‘Richyaa Darner Jeera Soda’, ‘Licta […]

Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance

February 10, 2020 624 Views 0 comment Print

Banks are advised that they can claim the first such deduction from the NDTL of February 14, 2020 for the amount equivalent to the incremental credit extended to the sectors indicated above over the outstanding level of credit as at the end of the fortnight ended January 31, 2020.

Amendment in Appendix 2E- Added Visvesvaraya Trade Promotion Centre

February 10, 2020 378 Views 0 comment Print

Public Notice No. 60/2015-2020- In continuation with the Public Notice No.11/2009-2014 dated 07.05.2013, M/s Visvesvaraya Trade Promotion Centre along with its branches have been added under Appendix 2E of Foreign Trade Policy, 2015-2020 for issuing Certificate of Origin, Non-Preferential. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade […]

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