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GST on Fumigation service provided in a warehouse of agriculture produce

October 14, 2020 20541 Views 0 comment Print

In re Shri Sai Pest Control (GST AAR Gujarat) The applicant has claimed that they are providing service of fumigation to the custom bonded warehouse where in agri produce of export are stored. It means that all the such agri produce which are going to be exported before storing in bonded warehouse have been processed […]

18% GST payable on Employment and labour supply services

October 14, 2020 14706 Views 0 comment Print

In re BhadreshKumar Rameshchandra Dave (GST AAR Gujarat) to decide the applicable rate of GST for service of supply of labour we have to determine the classification of the Service provided by the applicant. Regarding the classification of service Annexure to the Notification No. 11/2017-CT (Rate) dated 28.06.2017 have been referred. The Annexure attached to […]

Twenty States allowed to mobilize Rs. 68,825 crore

October 13, 2020 540 Views 0 comment Print

The Department of Expenditure, Ministry of Finance, has today granted permission to 20 States to raise an additional amount of Rs.68,825 crore through open market borrowings.

Procedure for Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

October 13, 2020 3075 Views 0 comment Print

Representations were made by Debenture Trustee(s) regarding the process to be followed in case of ‘Default’ by issuers of listed debt securities. After consultation with stakeholders including investors, Debenture Trustee(s), Issuers etc., procedures to be followed by the Debenture Trustee(s) in case of ‘Default’ by issuers of listed debt securities has been decided.

Levy of ADD on imports of Plain Medium Density Fibre Board

October 13, 2020 666 Views 0 comment Print

Seeks to amend notification No. 48/2015-Customs (ADD), dated the 21st October, 2015 to extend the levy of ADD on imports of ‘Plain Medium Density Fibre Board of thickness 6mm and above’ originating in or exported from China PR, Malaysia, Sri Lanka & Thailand, for a period of three months i.e. upto 20th January, 2021. GOVERNMENT […]

Electronic filing & Issuance of Preferential Certificate of Origin w.e.f. 15.10.2020

October 13, 2020 1959 Views 0 comment Print

Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Faceless Assessment – Creation of Facilitation Helpdesk

October 13, 2020 3684 Views 2 comments Print

In addition to other functions, Turant Suvidha Kendra (TSK) at NhavaSheva will act as Facilitation Helpdesk for any grievance related to clearances of the B/E filed in the port.

Appointment of CAA in case of M/s Signet Chemical Corporation Pvt Ltd

October 13, 2020 555 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Notification No. 97/2020-Customs (N.T.) New Delhi, the 13th October, 2020 S.O.3569(E).—In exercise of the powers conferred by Sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board […]

Faceless Assessment – Measures for timely assessment of Bills of Entry

October 12, 2020 5157 Views 0 comment Print

As the prompt and timely assessment of Bills of Entry and clearance of imported consignments are key objectives of Turant Customs, these issues have been examined and remedial measures have been identified. Accordingly, Board prescribes the following measures for Faceless Assessment:

FM announces measures of Rs 73,000 crore to stimulate consumer spending

October 12, 2020 939 Views 0 comment Print

Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19. Cash payment and leave encashment in lieu of one LTC during 2018-21 according to entitlement. Special Festival Advance Scheme revived as a one-time measure for both Gazetted and non-Gazetted employees

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