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DGFT simplifies Processing of MEIS applications for SEZs Exports

March 22, 2018 1266 Views 0 comment Print

DGFT simplifies Processing of MEIS applications for SEZs Exports

Extension of IGST and Compensation Cess exemption under Advance Authorisation and EPCG scheme

March 22, 2018 2982 Views 0 comment Print

Amendments to Foreign Trade Policy 2015-2020 – Extension of Integrated and Goods and Service Tax (IGST) and Compensation Cess exemption under Advance Authorisation and EPCG scheme till 01.10.2018.

IBBI invites comments on draft syllabus of Limited Insolvency Examination

March 22, 2018 966 Views 0 comment Print

Insolvency and Bankruptcy Board of India invites comments on the draft syllabus of Limited Insolvency Examination. The comments and feedback may please be mailed at exam@ibbi.gov.in latest by 15th April, 2018.

Due diligence and reporting requirements under FATCA and CRS

March 21, 2018 2304 Views 0 comment Print

SEBI has informed all intermediaries regarding due diligence and reporting requirements under Rules 114F to 114H of the Income- tax Rules (hereinafter referred as Rule) and Guidance Note on FATCA and CRS issued by the CBDT, New Delhi, vide F.No.500/137/2011-FTTR-III dated August 31, 2015

SEBI Risk Management norms for commodity derivatives

March 21, 2018 966 Views 0 comment Print

SEBI has issued various circulars from time to time prescribing risk management norms for commodity derivatives exchanges. Post the transfer of clearing and settlement functions from commodity derivatives exchanges to Clearing Corporations, Clearing Corporations shall be required to comply with all such norms.

28% GST Payable on Heat Shrinkable Cable Jointing Kits

March 21, 2018 3087 Views 0 comment Print

In re Western Cable Engineering Cable Pvt Ltd. (GST AAR Daman, Diu & DNH) Cable Jointing Kits assembled from various components are classifiable under Chapter Heading No. 8547.00. We find that the Circular No 583/20/2001-CX dtd 20.08.2001 makes it clear that the judgment in the case of M/s XL Telecom P. Ltd. v. Union of […]

GST Council and State autonomy by Rajan singh

March 21, 2018 5277 Views 4 comments Print

To ease out the process of business transactions and to pave the way for a common national market-one that would amalgamate the indirect taxes in existence at the Union level and at the state level into one single tax, India has enacted the GST tax.

Deemed Exports under Goods & Services Tax

March 21, 2018 6426 Views 1 comment Print

The Government may, on the recommendations of the Council, notify certain supplies of goods as deemed export, where goods supplies do not leave India, and payment for such supplies is received either in Indian rupees or convertible foreign exchange.

GST Vis-A-Vis Cooperative Federalism by Aparna Shrivastava

March 21, 2018 3003 Views 1 comment Print

India is the largest democracy in the world and has the world’s lengthiest constitution. The constitution is the supreme law of the land and there are few basic structures of the constitution which cannot be amended by the Parliament and federalism is one of it[1].

Procedure for Advance submission of documents for NOC from FSSAI

March 21, 2018 9327 Views 0 comment Print

The trade has requested for procedure for submission of necessary documents in advance for obtaining NOC from FSSAI. The FSSAI Authorities have been consulted in this regard and they have informed the presently followed Foods Import Clearance System (FICS) by them as below:-

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