"25 March 2020" Archive

CBIC revises GST rate of matchsticks & telephone sets

Notification No. 03/2020-Central Tax (Rate) (25/03/2020)

CBIC amends notification No. 1/2017-Central Tax (Rate) to prescribe uniform GST rate of 12% on all matchsticks & 18 % on all telephone sets vide Notification No. 03/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2020-Central Tax (Rate) New Delhi, the 25th March, 2020 ...

Read More

GST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020–Central Tax (Rate) [G.S.R. 1209(E).] (25/03/2020)

CBIC amends Notification No. 11/2017-Central Tax (Rate) dt. 28.06.2017 reducing CGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 02/2020–...

Read More

Place of supply for B2B MRO services to be location of recipient: CBIC

Notification No. 02/2020–Integrated Tax [G.S.R. 1212(E).] (25/03/2020)

CBIC amends Notification No. 4/2019-Integrated Tax dt. 30.09.2019 to change the place of supply for B2B MRO services to the location of the recipient vide Notification No. 02/2020–Integrated Tax Dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No. 02/2020–Integrated Tax New Delhi, the 25th March, 2020 G...

Read More

CBIC revises UTGST rate of Matchsticks & Telephone Sets

Notification No. 03/2020-Union territory Tax (Rate) [G.S.R. 218(E)] (25/03/2020)

Seeks to amend notification No. 1/2017-Union Territory Tax (Rate) to prescribe uniform UTGST rate of 12% on all matchsticks & 18 % on all telephone sets vide Notification No. 03/2020–Union Territory Tax (Rate) dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No. 03/2020-Union territory Tax (Rate) New ...

Read More

UTGST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 03/2020-Union Territory Tax (Rate) [G.S.R. 1211(E).] (25/03/2020)

CBIC amends Notification No. 11/2017-Union Territory Tax (Rate) dt. 28.06.2017 reducing UTGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Union Territory Tax (Rate) dated 25th March, 2020 Ministry of Finance (Department of Revenue) Notification...

Read More

CBIC revises IGST rate of Matchsticks & Telephone Sets

Notification No. 03/2020-Intergrated Tax (Rate) [G.S.R. 217(E).] (25/03/2020)

CBIC amends notification No. 1/2017-Integreated Tax (Rate) to prescribe  uniform IGST rate of 12% on all matchsticks & 18 % on all telephone Sets vide Notification No. 03/2020-Intergrated Tax (Rate) dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No. 03/2020-Intergrated Tax (Rate) New Delhi, the 25th ...

Read More

IGST reduced to 5% on MRO services of aircraft with full ITC

Notification No. 02/2020–Integrated Tax (Rate) [G.S.R. 1210(E).] (25/03/2020)

CBIC amends Notification No. 8/2017-Integrated Tax (Rate) dt. 28.06.2017 reducing IGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Integrated Tax (Rate) Dated 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 02/202...

Read More

Kerala HC extends interim Orders by one month

In re Suo motu Writ Petition – COVID-19 (Kerala High Court)

Having regard to the public announcement of imposing a total lock down in the wake of outbreak of pandemic Corona Virus, resulting in immobilization of public at large, and total stoppage of public transport, litigants would find it difficult to approach the Courts to vindicate their grievances. Therefore, we deem it proper to issue direc...

Read More

CBIC deepen tariff concessions under India-Japan CEPA

Notification No. 17/2020–Customs [G.S.R. 215(E).] (25/03/2020)

CBIC further amends notification No. 69/2011-Customs to deepen the tariff concessions under the India-Japan CEPA vide Notification No. 17/2020–Customs dated 25th March, 2020. Also Read- Corrigendum to Notification No. 17/2020-Customs, dated 25.03.2020 Effect of above Corrigendum is given in below notification in red colure. MINISTRY OF ...

Read More

Tax on payment by Indian company to foreign celebrity for appearance outside India

Volkswagen Finance Pvt Ltd Vs ITO (ITAT Mumbai)

Volkswagen Finance Pvt Ltd Vs ITO (ITAT Mumbai) In this case ITAT held that we are of the considered view that the income embedded in payment to the international celebrity (Nicholas Cage), for participation in Dubai A8L launch event for promoting the business of the assessee in India, is taxable as arising from a ‘business [&hellip...

Read More