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Anti dumping duty on imports of Soda Ash extended till 2nd July, 2018

June 30, 2017 1392 Views 0 comment Print

Seeks to Extend the applicability of Anti dumping duty imposed vide the Customs notification No. 34/2012- Customs (ADD) concerning imports of Soda Ash originating in or exported from China PR, EU, Kenya, Pakistan, Iran, Ukraine and USA.

Monitoring of Interest/ Principal repayment and sharing of such information with Credit Rating Agencies by Debenture Trustees

June 30, 2017 948 Views 0 comment Print

It is clarified that the DTs shall have adequate systems to ascertain the status of payment of interest/ principal by issuer companies on due dates in timely manner and efficiently share such information with the CRAs in order to comply with the abovementioned provisions, which shall include the following:

Monitoring and Review of Ratings by Credit Rating Agencies (CRAs)

June 30, 2017 3057 Views 0 comment Print

It has come to notice that there have been instances where Credit Rating Agencies have not taken cognizance of information regarding delays in servicing debt obligations by the Issuer, even though the information has already been discounted by the market.

GST roll-out-Some minute details of how it happened

June 30, 2017 1299 Views 0 comment Print

Goods and Services Tax (GST), a historic tax reform, will come into effect from tomorrow i.e.1st July, 2017. GST will completely transform the Indirect Taxation landscape in the country involving both the Central and State levies. In a departure from the normal practice, GST will be administered together by the Centre and States.

Priority in ‘Assessment’ of Bill of Entry of DPD Status Holder in JNCH – reg.

June 30, 2017 825 Views 0 comment Print

If such Bill of Entry is not assessed on priority, for any reason thereof, within 06 hours of the request made, then the concerned Group AC/DC should place such Bill of Entry details before the concerned ADC/JC for taking necessary action in the matter. Further, even if, assessment of such Bill of Entry is not resolved at the level of concerned ADC/JC on the same working day, then the matter should be immediately brought to the notice of concerned Commissioner for necessary action. A databank with regard to such request received in the Group/s should also be maintained.

Interest Rate notified under Delhi GST Act, 2017

June 30, 2017 1455 Views 0 comment Print

Lt. Governor of the National Capital Territory of Delhi, on the recommendations of the Council, hereby fixes the rate of interest per annum for the purposes of the sections as specified in column (2) of the Table below as mentioned in the corresponding entry in column (3) of the said Table.

Eligibility to opt Composition Scheme under Delhi GST Act,2017

June 30, 2017 1218 Views 0 comment Print

overnor of the National Capital Territory of Delhi, on the recommendations of the Council, hereby prescribes that an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees, may opt to pay, in lieu of the tax payable by him, an amount calculated at the rate of,––

Sections notified under Delhi GST Act 2017 w.e.f 01.07.20174

June 30, 2017 1023 Views 0 comment Print

Governor of the National Capital Territory of Delhi hereby appoints the 1 st day of July, 2017, as the date on which the provisions of sections 6 to 9, 11 to 21, 31 to 41, 42 except the proviso to sub-section (9) of section 42, 43 except the proviso to sub-section (9) of section 43, 44 to 50, 53 to 138, 140 to 145, 147 to 163 and 165 to 174 of the said Act shall come into force.

Procedure to Generate e-waybill under West Bengal GST Ordinance, 2017

June 30, 2017 17607 Views 2 comments Print

As per the new system, the Way Bills will have to be generated and printed from the Directorate’s website www.wbcomtax.gov.in by the importing persons after furnishing the required particulars, which are described as under: –

Notification under MVAT Section 8(3B)

June 30, 2017 1380 Views 0 comment Print

In exercise of the powers conferred by sub-section (3B) of section 8 of the. Maharashtra. Value. Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby with effect from the 1st July 2017, amends the Government Order, Finance Department, no. VAT -1505/CR-178/Taxation-1, dated 27th July 2006 , as follows, namely

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