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CBEC rescinds notification No. 69/2004-Customs exempting specified goods from levy of Education Cess

February 2, 2018 978 Views 0 comment Print

Notification No. 9/2018-Customs Seeks to rescind notification No. 69/2004-Customs dated 09.07.2004 exempting specified goods from the levy of Education Cess

CBEC exempts SHE Cess on all goods in First schedule to Customs Tariff Act, 1975

February 2, 2018 984 Views 0 comment Print

Notification No. 8/2018- Customs Seeks to exempt levy of whole of Secondary and Higher Education (SHE) Cess on all goods in the First schedule to the Customs Tariff Act, 1975

CBEC exempts levy of Education Cess on all goods in First schedule to Customs Tariff Act, 1975

February 2, 2018 2487 Views 0 comment Print

Notification No. 7/2018-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all goods specified in the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975) when imported into India, from whole of Education Cess leviable thereon under section 94 of the said Finance Act.

CBEC notifies effective rate of BCD as per Union Budget 2018

February 2, 2018 12057 Views 1 comment Print

Seeks to further amend notification No. 50/2017- Customs dated the 30th June so as to prescribe effective rate of basic customs duty (BCD) consequent to the changes proposed in the Union Budget 2018-19

Significant Economic Presence creates digital PE in India

February 2, 2018 3810 Views 0 comment Print

India is one of the first movers of such digital PE taxation and is setting up precedence in the International Taxation. It might be a rightful move for the Indian Government to capitalize on the consumer base and get a share of the profits swept by the non-resident players exploiting the huge consumption market base.

Charging of additional expenses of up to 0.20% in terms of Regulation 52 (6A) (c) of SEBI (Mutual Funds) Regulations, 1996

February 2, 2018 6087 Views 0 comment Print

Regulation 52 (6A) (c) of SEBI (Mutual Funds) Regulations, 1996, allows an AMC to charge additional expenses, incurred towards different heads mentioned under Regulation 52 (2) and Regulation 52 (4), not exceeding 0.20 per cent of daily net assets of the scheme.

Weekly newsletter from Chairman, CBEC dated 02/02/2018

February 2, 2018 1266 Views 1 comment Print

The Swachhata Pakhwada concluded on the 31st January 2018. I am sure all of you must have really celebrated this occasion with lots of activities. At the Board level, we concluded the fortnight with the release of a short film which is a compilation of all the Swachhata activities undertaken by various formations under CBEC.

Prime Minister’s Statement after Union Budget 2018-19

February 1, 2018 717 Views 0 comment Print

This budget is expected to give a boost to hopes and aspirations of 125 crore people of the country. It is expected to accelerate the development process of the country. It is farmer friendly, common man friendly, business environment friendly as well as development friendly. E

SAP based e-CST module on MAHAGST portal for dealers registered before 25.05.2016

February 1, 2018 3255 Views 0 comment Print

The date on which the utility of obtaining the e-CST declarations shall start on MAHAGST portal will be notified soon through a Trade Circular. In the meantime, the nodal officers with whom the e-CST applications of the dealers registered prior to 25/05/2016, for periods up to 30 /06/2017 are pending have been instructed to dispose off the pending application expeditiously.

State-wise list of GST notifications/circulars in relation to E-way bills

February 1, 2018 2502 Views 1 comment Print

ANDHRA PRADESH Inter-State supply – Notification No. – G.O.Ms.No.34, Dt. 24/01/2018 Intra-State supply – Notification No. – G.O.Ms.No.34, Dt. 24/01/2018 ARUNACHAL PRADESH Inter-State supply – Not yet notified Intra-State supply – Not yet notified ASSAM Inter-State supply – Circular No. 01/2018-GST, No. CT/GST-15/2017/64, Dt. 28/01/2018 Intra-State supply – Circular No. 01/2018-GST, No. CT/GST-15/2017/64, Dt. 28/01/2018 […]

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