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ICAI Relaxes 8 months Study Period requirement for May 2020 Inter Exam

August 26, 2019 972 Views 0 comment Print

Relaxation in the requirement to undergo 8 months Study Period to appear in May, 2020 Intermediate Examination in respect of students who have cleared May/June, 2019 Foundation Examinations.

Maharashtra Educational Institutions (Regulation of Fee) (Amendment) Act, 2018

August 26, 2019 6202 Views 0 comment Print

(1) The fee shall be paid by the parents monthly or bi-monthly or quarterly, as decided by the school management: Provided that, if the parents of the children intends to pay the fee half yearly or yearly, the management of the school shall allow parents to pay the fee accordingly and may at their discretion offer rebate.

Anti-dumping duty on imports of Chlorinated Polyvinyl Chloride Resin

August 26, 2019 3411 Views 0 comment Print

Seeks to impose provisional anti-dumping duty on imports of Chlorinated Polyvinyl Chloride Resin (CPVC)-whether or not further processed into compound” originating in or exported from China PR and Korea RP for 06 months , in pursuance of anti-dumping investigation by DGTR. Also Read- Corrigendum to Notification No. 33/2019-Customs (ADD) dated 26th August, 2019 GOVERNMENT OF […]

GST on systems & onboard spares for use in Indian Navy Warships/Submarines/Vessels

August 26, 2019 8361 Views 0 comment Print

In re M/s Bharat Electronics Limited. (GST AAR Karnataka) Whether the various systems, sub-systems and onboard spares supplied by the applicant for use in the Warships, Vessels and Submarines meant for Indian Navy and Shipbuilders, attracts 5% GST? Various systems, sub-systems and onboard spares supplied by the applicant for use in the Warships, Vessels and […]

GST on Services related to Cutting and sell of tree after converting into timber to Forest department

August 26, 2019 29943 Views 0 comment Print

In re M/s Deputy Conservator of Forests (GST AAR Karnataka) Question 1. a. The applicant states that Karnataka Forest Department, under its sovereign functions, raises ‘plants’ of tree species, plants them in forest, waste & common lands. Over time, with the nurturing and management of the department, these plants grow up to become trees when […]

5% GST payable on Leasing of Satellite Transponder

August 26, 2019 2907 Views 0 comment Print

In re M/s Antrix Corporation Limited (GST AAR Karnataka) Whether Leasing of Satellite Transponder which is covered under SAC Code 997319 be charged at 5% GST as per HSN Code 8803 – Parts Goods of Heading 8802 (Satellites)? The service of Leasing of Satellite Transponders, covered under SAC 9973 19, falls under the Entry No.17 […]

Preliminary Safeguard Investigation findings on import of Refined Bleached Deodorised Palmolein / Palm Oil from Malaysia

August 26, 2019 456 Views 0 comment Print

Preliminary findings of Bilateral Safeguard Investigation concerning imports of Refined Bleached Deodorised Palmolein and Refined Bleached Deodorised Palm Oil into India from Malaysia under India-Malaysia Comprehensive Economic Cooperation Agreement (Bilateral Safeguard Measures) Rules, 2017

Shyam Samruddhi is an organic fertilizer classifiable under HSN-3105

August 26, 2019 4353 Views 0 comment Print

In re Alligo Agrovet Private Limited (GST AAR Maharashtra) Question: – Classification of goods and GST rate applicability in the case of goods manufactured by us (list enclosed) ? Answer:- Products namely AUTUS, SJ-NINJ A, SJ-ERASER, OPRAX, TELNAR, VK’s NEMO AND STRESSOUT are classifiable under HSN Code-3808 and liable to GST @18% (SGST CGST 9% […]

Notification No. 37/2019-Customs (N.T./CAA/DRI): Appointment of CAA by DGRI

August 26, 2019 600 Views 0 comment Print

Notification No. 37/2019-Customs (N.T./CAA/DRI) dated 26th August, 2019: Appointment of CAA by DGRI Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 37/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 26th August, 2019 S.O. 3126(E).- In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

Guidelines for GST tax payers to report ITC related fields properly

August 26, 2019 10782 Views 3 comments Print

Recently, one such case has been noticed, wherein the tax payer of Maharashtra State has not disclosed the ineligible ITC on account of IGST paid on inward interstate supply and import supplies in its periodic returns filed in form GSTR-3B. It resulted in short transfer of IGST funds to the State of Maharashtra

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