Follow Us:

GST Impact On Job Workers

July 21, 2017 12594 Views 3 comments Print

Job work is an integral aspect of the manufacturing industry. Manufacturers usually outsource a portion of their activities to a third person. This turns out be cost-efficient and helps them to be more productive by focusing on their core activities

We are in a trust based taxation regime: CBEC Chairman

July 21, 2017 1137 Views 0 comment Print

You are aware that Notification No. 16/2017 – Central Tax dated 7th July, 2017 has been issued specifying conditions for acceptance of Letter of Undertaking (LUT) in place of bond. You would appreciate that we are in a trust based taxation regime.

Promote officers of IRS (CBEC) to grade of Principal commissioner of customs, GST & CX

July 20, 2017 17571 Views 0 comment Print

The President of India is pleased to promote the following officers of the Indian Revenue Service (Customs and Central Excise) to the grade of Principal commissioner of customs, GST & CX in the Pay Scale of ₹ 67,000-79,000/- (pre- revised) (HAG) against the vacancies for the panel years 2015-16 and 2016-17, on regular basis with effect from the date of assumption of charge of the post and until further order

S. 10(46) CBDT notifies ‘National Council of Science Museums’, Kolkata

July 20, 2017 699 Views 0 comment Print

CBDT notifies U/s. Section 10(46) ‘National Council of Science Museums’, Kolkata, an autonomous body established under the Ministry of Culture, Government of India, in respect of the following specified income arising to the Council, namely:—

Allowing more time to deposit Old Notes would lead to illegal trading of these SBNs

July 19, 2017 3300 Views 0 comment Print

In a new affidavit filed before Supreme Court on 17th July 2017 Central Government  made it clear that it cannot give more time to deposit old currency notes, as  in case a fresh opportunity is offered for exchange of SBNs, it would lead to rampant illegal trading of these SBNs (that is, the SBNs being […]

Govt. notifies 7.8% interest rate for 2nd quarter on non-Govt. PF, Superannuation and Gratuity Fund

July 17, 2017 1248 Views 0 comment Print

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect from 1st July, 2017 to 30th September, 2017, bear interest at 7.8% (Seven point eight percent). This rate will be in force w.e.f. 1st July, 2017.

P&H HC directs subordinate courts to record Aadhaar No. of Parties

July 17, 2017 906 Views 0 comment Print

Directions be issued to all the District And Sessions Judges In the States of Punjab, Haryana and U.T. Chandigarh for directing the officials concerned to start capturing/ entering the Aadhar Number of the parties while entering the cases in CIS 2.0. The members of the Bar may be requested to provide the Aadhaar number for the aforesaid Purpose.

PIL challenges 12% GST on Sanitary Napkins: [Read Petition]

July 15, 2017 4068 Views 0 comment Print

Petitioner is filing this Public Interest Litigation before this Hon’ble Court seeking recourse against the patently discriminatory and illegal treatment being meted out to the women of India by the unconstitutional and illegal imposition of a Goods and Services Tax at a high rate of 12% on sanitary napkins.

Scheme of FM Award on the occasion of Income Tax Day

July 15, 2017 2343 Views 0 comment Print

The Government hereby sanctions the following scheme of awards to be conferred upon the Officers and Staff of the Income Tax Department in consideration of their rendering exceptional or meritorious service, or displaying outstanding devotion to duty.

Advisory on GST for Pharmaceuticals dealers

July 15, 2017 12174 Views 1 comment Print

As many Pharmaceutical Dealers and their association represented various matters the following advisory is issued for information and awareness generation. 1. In earlier VAT system, importers and Manufacturers in Medicines and drugs are entitled for composition. The rate of compounding is 5% of MRP. The MRP means maximum price printed on the package of any goods, for which goods are sold to the ultimate consumer.

Search Post by Date
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031