Both houses of Parliament and many states have given their nod to roll out GST (Goods & Service Tax) in India. So, the stage seems to be almost set for its implementation in coming financial year. Every newspaper, all the addresses by eminent people and social media are exhilarated as well as positive for this new development.
Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the period 31.12.2015 to 31.03.2016 and also to extend the due date for uploading of Form 15G/15H received during the period from 1.4.2016 onwards.
In exercise of powers conferred by section 2(n)(vi) of Industrial Disputes Act, 1947, the Central Government hereby declares Uranium Industry to be a Public Utility Service for the purpose of aforesaid Act, for a period of six months with effect from 11th September, 2016.
The practice prevalent in jewellery industries in India on charging for wastages from the customers along with the cost of jewellery without delivering the actual recoverable wastages has not been looked into.
Besides other conditions, the deposit of Cost Recovery (CR) charges three months in advance is a mandatory condition. However IFU has observed that there is frequent default by the custodians in deposit of the said charges.
The Government of India has decided to adopt a mechanism wherein the rebate of State levies on garment exports is provided based on a budgetary allocation of the Ministry of Textiles under a scheme in which the Department of Revenue/Central Board of Excise and Customs (CBEC) handles disbursement along with the extant Duty Drawback.
Procedure for Special Advance Authorisation scheme for export of Articles of Apparel and Clothing Accessories under Chapter 61 and 62 of ITC(HS) Classification of Export and Import has been specified to come into effect from 1st September 2016.
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 118/2016-Customs (N.T.) New Delhi, 31st August, 2016 S.O. 2822(E) – In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being […]
Applications for grant of Special Advance Authorisation Scheme for export of Articles of Apparel and Clothing Accessories can be tiled online through DGFT website: http://dgft.gov.in/. Procedure for filing application online for this authorisation is similar to filing of application for the regular Advance Authorisation.
In partial modification to this department’s Circular No. 11 of 2016-17 on the subject cited above and in exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005, I, S.S.Yadav, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of first quarter return for the year 2016-17, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure/enclosures to 10/09/2016.
