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No profiteering if base price (excluding tax) not increased after GST rate reduction

December 27, 2018 744 Views 0 comment Print

It is apparent from the perusal of the facts of the case that there was no reduction in the rate of tax on the above product w.e.f. 01-07-2017, as could be seen from the table given above. There is also no increase in the per unit base price (excluding tax) of the above product and therefore the allegation of profiteering is not established.

No reduction in rate of GST- Anti-profiteering provisions not attracted

December 27, 2018 726 Views 0 comment Print

Kerala State Level Screening Committee on Anti-Profiteering Vs Janson (National Anti-Profiteering Authority) It is apparent from the perusal of the facts of the case that there was no reduction in the rate of tax on the above product w.e.f. 01-07-2017, hence the anti-profiteering provisions contained in Section 171(1) of the Central Goods and Services Tax […]

Legal obligation imposed on dealer cannot be ignored only because manufacturer controls the prices

December 27, 2018 825 Views 0 comment Print

The legal obligation imposed on deqaler cannot be ignored only because he is not the manufacturer who controls the prices, as he is accountable as a supplier to pass on the benefit of GST rate reduction. T

CBIC notifies Nhava Sheva-IV Commisisonerate as Audit Commissionerate

December 27, 2018 1638 Views 0 comment Print

Notification of Nhava Sheva-IV Commisisonerate as Audit Commissionerate vide Notification No. 100/2018-Customs (N.T.) dated 27th December, 2018

Extension of validity period of Advance Authorisation – reg

December 27, 2018 6477 Views 0 comment Print

Facility of second revalidation of Advance Authorisations for six months has been provided for making imports roportionate to export obligation already fulfilled.]

Advance Authorization applicant can get their authorizations based on ratified norms

December 27, 2018 2328 Views 1 comment Print

All applicants of Advance Authorization are eligible to apply and get their authorizations based on ratified norms (available on DGFT website in form of minutes) on repeat basis.

List of candidates elected to 13th Council of ICSI

December 27, 2018 1227 Views 0 comment Print

List of candidates elected to 13th Council of ICSI for Eastern India Regional Constituency (EIRC), Northern India Regional Constituency (NIRC), Southern India Regional Constituency (SIRC) and Western India Regional Constituency (WIRC). THE INSTITUTE OF COMPANY SECRETARIES OF INDIA NOTIFICATION New Delhi, the 27th December, 2018 No. 3 of 2018.—Pursuant to Notification No. 1 of 2018 […]

Amendment to Notification u/s 41(1) of MVAT Act [Refund to United Nations Organisations]

December 27, 2018 1008 Views 0 comment Print

In the Schedule appended to the said notification, in column (3), under the heading, (I) United Nations organizations, In clause (ii ), for the words, within one month of the end of every quarter the words, after the end of every quarter shall be substituted.

DGFT: Preparation of Minutes of Norms Committees (NCs)

December 27, 2018 1923 Views 0 comment Print

The ad-hoc norms fixation procedure by Norms Committee (NC) in 0/o DGFT has been reviewed in the meeting held under the chairmanship of DGFT on 30.11.2018 and the following has been decided for compliance:

GST: Processing of financial assistance request under Seva Bhoj Yojna

December 27, 2018 2139 Views 0 comment Print

Guidelines for processing of applications for financial assistance under the Central Sector Scheme named ‘Seva Bhoj Yojna’ of the Ministry of Culture under GST

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