As per rule 96A of the Central Goods and Services Tax Rules, 2017 ( The CGST Rules), any registered person exporting goods or services without payment of integrated tax is required to furnish a bond or a Letter of Undertaking (LUT) in FORM GST RFD-11.
he public authorities working under the aegis of Union Government shall make public: (a). Year wise Numeric data of pending as well as disposed Departmental / Vigilance / Court cases against their employees initiated at instance of the employer;(b). Rank/Post held by the charge sheeted employee; without disclosure of identity of the individual.(c). Details of outcome in terms of finding ie. exoneration or found guilty.
Various E-commerce Operators display on their Website/Portal, various products and services that are actually supplied by some other suppliers. Consumers purchase the products from such portals and the Supplier supplies the product to the Consumers.
Notification No. 16/2017-CT (conditions and safeguards for furnishing a Letter of Undertaking (LOU) in place of a bond for export without payment of integrated tax) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 16/2017- Central Tax New Delhi, the 7th July, 2017 G.S.R. 848(E). :- In […]
Instances have been brought to the notice of the Board that there is some confusion regarding requirement of GSTIN for importers and exporters at the time of import and export of the goods. This is resulting in avoidable delay in the clearance of the goods.
The tax season is upon us! June and July of every financial year are typically called the tax season in India because income tax returns for the previous financial year have to be filed by 31st July. For FY 2016-17, which is the period between 1 April 2016 and 31 March 2017, the last date […]
In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the supply of credit to micro and small enterprises, agriculture and banking services in unbanked and under-banked regions in the country.
The GST Act has come into force from 1′ July 2017. To provide assistance to dealers for filling online application for Registration, filling online Returns etc. location wise dedicated help desks have already been set up and contact details have been published on the Maharashtra GST Department’s web site.
The position of direct tax collections till June. 2017 has been reviewed by the Board and it is noted that on several parameters, the growth in revenue is not satisfactory. The gross collections have increased by only 8.4% and it is only due to lower refunds that the net collections are showing a growth rate of about 15%. You will appreciate that once refunds in cases not selected in CASS start getting issued. the growth rate in respect of net collections may also come down.
The e-book contains Rate of Tax on Goods as applicable after considering all Notifications, Circulars etc. issued by CBEC from time to time till 3rd July 2017 and includes Goods taxable at Nil Rate of Tax, taxable at the rate of 5%, taxable at the rate of 12%, taxable at the rate of 18%, taxable […]
