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Reg. Anti-dumping duty on the import of Phthalic Anhydride

October 15, 2018 2397 Views 0 comment Print

Seeks to not to continue levy of anti-dumping duty on the import of Phthalic Anhydride, originating in or exported from Korea RP, Taiwan and Israel which was levied by rescind Notification No. 58/2012-Customs (ADD) dated 24th December, 2012. NOTIFICATION No. 52/2018-Customs (ADD) Dated: 15th October, 2018

Notification No. 86/2018-Custom (N.T.), Dated: 15.10.2018

October 15, 2018 1095 Views 0 comment Print

Notification No. 86/2018-CUSTOMS (N.T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

Guidelines to handle/store valuable goods seized/confiscated by Customs

October 15, 2018 2385 Views 0 comment Print

The packages containing the valuables should be bar coded so as to ensure correct inventorisation and tallying of packages at the time of handing over/taking over etc. The ‘e-malkhana’ system of Delhi Customs could be adopted by other formations.

IBBI Committee instructs IP to undergo pre-registration educational course

October 15, 2018 669 Views 0 comment Print

Mr. Gupta to undergo the pre-registration educational course specified under regulation 5(b) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 from his Insolvency Professional Agency to improve his understanding of the Code and the regulations made thereunder, before accepting any assignment under the Insolvency and Bankruptcy Code, 2016.

Download TCS data in Form GSTR-2A to an Excel file

October 14, 2018 6693 Views 0 comment Print

Download TCS data in Form GSTR-2A to an Excel file Taxpayers were earlier provided with a facility to download details of Form GSTR-2A in an Excel file. Now they can download data in TCS section also to that Excel file, in a different sheet. GSTR 2A is a purchase-related tax return that is automatically generated […]

Maharashtra Goods and Services Tax (Amendment) Ordinance, 2018

October 13, 2018 2010 Views 0 comment Print

The Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) has been enacted with a view to make a provision for levy and collection of tax on intra-State supply of goods or services or both.

ICAI constitutes High Power Group on IL&FS

October 13, 2018 696 Views 0 comment Print

ICAI Press Release Constitution of High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS) In the recent past, there have been news reports regarding diversion of loan money in IL&FS and its subsidiary companies. The Disciplinary Directorate of the Institute of Chartered Accountants of India (ICAI), upon coming across such news report has […]

GST on Classic Malabar Parota and Whole Wheat Malabar Parota

October 12, 2018 4434 Views 0 comment Print

In re M/s. Modern Food Enterprises Pvt Ltd (GST AAR Kerala) i) ‘Classic Malabar Parota’ and ‘Whole Wheat Malabar Parota’ classified under Schedule III of GST Laws, vide Heading 2106 ‘Food preparations not elsewhere specified or included’ and is taxable @18% GST. ii) Eligibility of exemption from GST vide Notification No.2/2017 – Central Tax / […]

GST on Maintenance & Repair services of commercial & industrial machinery

October 12, 2018 63651 Views 2 comments Print

Whether the maintenance services rendered on customers equipment under the two agreements i.e. comprehensive maintenance services agreement and supply of parts and services agreement should be classified as composite supply or as mixed supply?

IBBI (Information Utilities) (Second Amendment) Regulations, 2018

October 11, 2018 615 Views 0 comment Print

1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2018.

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