In exercise of the powers conferred by sub-section (1) of section 9 of the West Bengal Goods and Services Tax Ordinance, 2017 (West Ben. Ord. No. II of 2017), the Governor, on the recommendations of the Council, is pleased hereby to notify the rate of the State tax
CBDT entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017. A Bilateral Advance Pricing Agreement (involving United Kingdom) was also signed during the month.
Attention of the Importers, Exporters, General Trade, Port Terminal Operator, Shipping Lines/Shipping Agents, CFSs and all other stakeholders is invited to various Public Notices issued from time in relation to finalisation of prior & advance bills of entry and issue of entry inward.
Attention of all the importers, Exporters, Customs Brokers, and other stake holders is invited to the subject ‘Levy of Fees (Customs Documents) Amendment Regulations, 2017’ communicated by Board vide Notification No. 36/2017-Customs (N.T.) dated 11.04.2017.
Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular no. 30 dated February 02, 2017 has permitted Non Resident Indians (NRIs) to participate in the exchange traded currency derivatives market to hedge the currency risk arising out of their investments in India under FEMA, 1999.
A notification proposing amendments to the Companies (Specification of Definitions Details) Rules, 2014 containing the above prescription has been drafted and is available, along with a background/explanatory note, on the online portal of the Ministry, www.mca.gov.in.
Hello readers, finally the day came we all are waiting for, GST become reality; I know that everyone in Industry, Business world & Professionals are confused about GST Provisions & its implications.
In exercise of the powers conferred by sub-section (5) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies that in case of the following categories of services, the tax on i ntra-State supplies shall be paid by the electronic commerce operator
CGST Act- Govt notifies specialised agencies entitled to claim a refund of taxes paid on the notified supplies of goods or services or both received by them.
Central Government notifies that no refund of unutilised input tax credit shall be allowed under sub-section (3) of section 54 of the said Central Goods and Services Tax Act, in case of supply of services specified in sub-item (b) of item 5 of Schedule II of the Central Goods and Services Tax Act.
