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Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2017

June 29, 2017 7770 Views 0 comment Print

Cases where amount or rate of drawback has not been determined.- (1)(a) Where no amount or rate of drawback has been determined in respect of any goods, any exporter of such goods may, within three months from the date relevant for the applicability of the amount or rate of drawback in terms of sub-rule (3) of rule 5, apply to the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, having

Re-export of Imported Goods (Drawback of Customs Duties) Amendment Rules, 2017

June 29, 2017 10674 Views 0 comment Print

Drawback in relation to any goods exported out of India, means the refund of duty or tax or cess as referred to in the Customs Tariff Act, 1975 (51 of 1975) and paid on importation of such goods in terms of section 74 of the Customs Act.

Limits on balances in customer accounts with payments banks – sweep out arrangements with other banks

June 29, 2017 738 Views 0 comment Print

PBs are permitted to act as Business Correspondents (BCs) of other banks. Under the BC arrangement and with prior specific or general consent of the customer, PB may effect the transfer of funds deposited by her into her account with another eligible bank, so that the balance in her account with the PB does not exceed ₹100,000 or any such lower amount as specified by her.

Specified Bank Notes can be deposited by DCCBs till 19th July 2017

June 29, 2017 843 Views 0 comment Print

Please refer to the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Co-operative Banks) Rules, 2017 (copy enclosed) notified by the Government of India on June 20, 2017. In terms of para 2 thereof, it has been decided to accept from DCCBs Specified Bank Notes (SBNs), received by them from their customers within the period of November 10 to 14, 2016

Tax Rate on Goods under Tamil Nadu GST Act, 2017

June 29, 2017 3450 Views 0 comment Print

Goods and Services Tax-Tamil Nadu Goods and Services Tax Act, 2017-Rates of the State tax on goods-Notification-issued

Rate of Tax on Goods under Puducherry GST Act, 2017

June 29, 2017 10011 Views 1 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Puducherry Goods and Services Tax Act, 2017 (Act No.6 of 2017), the Lieutenant-Governor, Puducherry, on the recommendations of the Council, hereby notifies the rate of the state tax

Tax Rate on Goods under Tripura SGST Act, 2017

June 29, 2017 2283 Views 0 comment Print

Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017), the State Government, on the recommendations of the Council, hereby notifies the rate of the state tax of-

Tax Rate on Goods under Assam Goods and Services Tax Act, 2017

June 29, 2017 744 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Assam Goods and Services Tax Act, 2017 (XXVIII of 2017), the Governor of Assam, on the recommendations of the Council, is hereby pleased to notify the rate of the state tax of-

Exemption to every person or enterprise who is a party to a combination from giving notice for 5 Years

June 29, 2017 4005 Views 0 comment Print

Ministry of Corporate Affairs issues a notification exempting every person or enterprise who is a party to a combination from giving notice within 30 days for a period of 5 years from the date of publication of the notification;

No TDS under West Bengal GST Act

June 29, 2017 2142 Views 0 comment Print

Since GST is being introduced w.e.f. 01/07/2017, the following points as mentioned below are pertinent and need to be followed diligently by all the DDOs of West Bengal Government Department and Local Authorities, along with other deductees like Banks, Educational Institutions, Hospitals, Nursing Homes, Private/Public Ltd. Companies as mentioned in Section 40(1) of the WBVAT Act, 2003.

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