The recent enactment of all sections of Constitutional (101st Amendment) Act, 2016 has triggered a lot of debate all across. Many experts have opined that among other, Section 19 post its enactment has taken away the power of Center to levy and Collect Excise Duty. However, this debate is also to be seen in the following perspective.
All 2007(Old) Syllabus Students shall be compulsorily required to switchover to 2012(New) Syllabus from December, 2016 Session and no further examinations will be conducted under 2007(Old) Syllabus.
Directorate of Revenue Intelligence (DRI) busts a major gold smuggling racket involving smuggling of around 7000 Kilograms of gold worth more than Rs. 2000 crore in last two and half years;
GST is levied on Supply of goods or services. Concept of sale is not relevant in GST regime and definition of supply as given u/s 3 of the GST is inclusive under GST regime.
How to Implement GST as User friendly, with No Returns & Hassel Free Business & Service – IT – Strategy- This article and the model suggested is only an attempt to find out, whether it is feasible to have a national portal to do all the Business activities. In my opinion it is possible to do all the business activities through a dedicated national portal without any further compliance aspect of GST.
This Act may be called the *Central / State Goods and Services Tax Act, 2016. It extends to the *whole of India (CGST Act) / State wise (SGST Act) .It shall come into force on such date as the Central or a State Government may, by notification in the Official Gazette, appoint in this behalf.
Author has compiled format of Share Application form under Companies Act,2013 for ready Reference of our readers, Which is re-produced below and also link to download the same in word format is provided at the end of the Article:-
As per the view of author, The Duty of Excise shall be now levied on production or manufacture of only petroleum or tobacco products and not on all the goods. This would be with effect from 16/09/2016. Thus the article is based on the interpretation of Author and his views on Constitution Amendment.
The import of items under the ITC(HS) Codes 68022310, 68022390, 68022900 and 68029300 related to granite slabs is permitted freely provided cif value is US $ 50 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016.
The import of items under the ITC(HS) Codes 6802 10 00, 6802 21 10, 6802 21 20, 680221 90, 6802 91 00, 6802 9200 and 25151220 related to marble slabs is permitted freely provided cif value is US $ 40 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016.
