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Weekly newsletter from Chairman, CBIC dated 16/11/2018

November 16, 2018 957 Views 0 comment Print

CBIC has put up a GST & Customs Pavilion in IITF, which has six Helpdesks relating to GST, GSTN and Customs to guide and assist taxpayers. General information has been displayed through interesting info-graphics in the Pavilion.

SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018

November 16, 2018 5148 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018.

Insistence on GST payment by cash or DD is against the spirit of GST

November 16, 2018 1506 Views 0 comment Print

Strangely, the authorities still insist that the payment should be by physical means: either in cash or through Demand Draft (DD). That insistence seems to be archaic and out of tune with the very spirit of the GST regime

Polypropylene Leno Bags falls under GST Tariff Heading ‘3923 29 90’

November 16, 2018 2220 Views 0 comment Print

In re Utkal Polyweave Industries Pvt Ltd. (GST AAR Odisha) Tariff heading 3923 includes goods that are classifiable as ‘Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics’. Polypropylene Leno Bags, as stated by the applicant, are manufactured by weaving polypropylene strips (tapes), Linear Low Density […]

Notification No. 25/2018-Customs (N.T./CAA/DRI) Dated : 16.11.2018

November 16, 2018 1017 Views 0 comment Print

Notification No. 25/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-

Government amends Stock and Sale Policy for dual use SCOMET items

November 15, 2018 1050 Views 0 comment Print

The existing Stock and Sale policy has been amended to allow re-transfer / re-export of SCOMET items within the country of the stockist and to the end users in other specified countries approved by IMWG, on post reporting basis.

Misconduct Allegations against CS not sustainable in absence of Evidence

November 15, 2018 1311 Views 0 comment Print

Shri Nizar Mawani Vs Shri Ajay Moreshwar Antarkar (ICSI Disciplinary Committee ) The Disciplinary Committee and after considering all the material on record and after considering all the facts and circumstance of the matter observed that the instant case has arisen out of an affidavit purportedly filed before CLB, Mumbai, by the Respondent wherein he […]

Section 234B / 234C interest on income arising from retrospective operation of any statute, decision etc.

November 15, 2018 921 Views 0 comment Print

Imposition of interest is justified under sections 234B and 234C of the Income Tax Act, 1961, save and except on the income which arises from retrospective operation of any statute, decision etc.

Notification No. 92/2018-Customs (N.T.) Dated: 15.11.2018

November 15, 2018 615 Views 0 comment Print

Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 92/2018-CUSTOMS (N.T.) New Delhi, 15th November, 2018 S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, […]

Kerala State Goods And Services Tax (Amendment) Ordinance, 2018

November 15, 2018 1671 Views 0 comment Print

This Ordinance may be called the Kerala State Goods and Services Tax (Amendment) Ordinance, 2018. During the period of operation of this Ordinance, Kerala State Goods and Services Tax Act, 2017 shall have effect subject to amendments specified in sections 3 to 32.

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