INDIAN CUSTOMS- UNPRECEDENTED TAX REFORM- Enhanced Ease of Doing Business- Indian Customs has taken a series of measures to simplify Customs processes and procedures during the last few years.
Oil prices had been rallying till the first week of October (for seven consecutive weeks) on concerns that the looming U.S. restrictions on Iran will squeeze supply at a time when production is already being affected because of geopolitical supply disruptions coupled with temporary Permian pipeline shortages. Added to that is the ongoing crisis in Venezuela, which has led to a massive fall in its oil production.
It is humbly requested that the time limit to file GSTR-3B & GSTR-1 for the month/quarter of September 2018 may be extended to 31st January 2019 or the necessary amendments may be made in the provisions of section 16(4) and section 39(9) to allow the claim of input credit or to rectify the omissions till the due date to file the annual return or audit report.
Majority of the agricultural commodities traded on exchange platform requires assaying. The number and size of the samples are determined by the nature of commodity and the requirements of tests to be done in order to meet the exchange specifications. It has come to the notice that varied approaches are being followed by the exchanges in this regard.
Description of import item 1 in SION A-1486 is amended from Lauryl Alcohol to Lauryl Alcohol/ Lauryl Myristyl Alcohol vide Public Notice No. 42/2015-2020 Dated 16th October, 2018.
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-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
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.
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 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 […]
