Goods and Services Tax : Discover the GST place of supply for custodial services provided by Indian banks to Foreign Portfolio Investors (FPIs), clarified ...
Custom Duty : AEO is a Trade Facilitation Scheme for ease of doing business in light of international development. Holder of this Certificate is...
Service Tax : The point (s) of dispute pertains to levy of ‘service tax’ in respect of a transaction of sale and purchase of Flat in a build...
Custom Duty : Rajiv Gupta The moot question is what the worth of the laws in this country is! Are they even worth the paper on which they are pr...
Excise Duty : Central Board of Excise and Customs has issued circular No.1063/2/2018-CX dated 16.02.2018, wherein this compiles sixty three orde...
Goods and Services Tax : Shri S. Ramesh takes over as Chairman, Central Board of Indirect Taxes and Customs Shri S. Ramesh, IRS(C&CE:1981) has taken ov...
Custom Duty : With the enactment of the Finance Act, 2018, CBEC is renamed as the Central Board of Indirect Taxes and Customs (CBIC). The change...
Custom Duty : The Special Judge, CBI cases, Chennai has sentenced Shri D.Ramani, then Appraiser, Air Customs Department, Chennai to undergo two ...
Goods and Services Tax : Article explains Process flow and steps involved for Updating Mobile Number & Email of Authorized Signatory on GST portal www.gst...
Custom Duty : Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect.Production of Ch...
Service Tax : CESTAT Bangalore held that that service tax on commission paid to foreign commission agents is payable under reverse charge only ...
Custom Duty : CESTAT Ahmedabad held that waste and scrap, even if exceeding SION norms, are exempt from customs duty provided they are cleared w...
Service Tax : Explore the CESTAT Delhi ruling on Weldon Tours & Travels Pvt. Ltd. vs Commissioner of Service Tax, revealing no service tax liabi...
Custom Duty : Once a export benefit under which shipping bill was filed has been availed, the conversion to any other scheme cannot be allowed a...
Custom Duty : CESTAT Mumbai rules in favor of Ganesh Benzoplast Ltd., stating no confiscation if prior permission taken for storage of non-bonde...
Goods and Services Tax : Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the ...
Excise Duty : Audit para no. 5.1 to 5.18 of chapter V of Audit report no. 01 of 2021 on Show Cause Notices and adjudication process in CBIC has ...
Goods and Services Tax : Standard Operating Procedure (SOP) for implementation of the provision of suspension of registrations under sub-rule (2A) of rule ...
Goods and Services Tax : Greetings to all of you on the first GST Day celebrations! Today is an important milestone, when the momentous journey from the GS...
Goods and Services Tax : As we near the end of the Financial Year 2017-18, I would once again like to reiterate our need to focus on the recovery of arrear...
Though the law and procedures under both service tax and central excise are made user friendly, assessee are still finding difficulties in interaction with the department officials. This may be because of lack of awareness of related law or the psychological image about the department. Sometime because of the fear in the minds of assessee about the probable disputes
Previously, the assessees were able to view the filed returns using the option, ‘View Original ST3’. This facility has been enhanced with a new feature by displaying in the return, the list of error codes (with corresponding error messages). This will help the assessees to know about the errors so that they can exercise the option of filing Revised return by rectifying the errors. This facility will be made available shortly and the exact date will be intimated on ACES website.
The two day Conference will deliberate on the issues relevant to indirect tax administration, such as Additional Revenue Mobilization (Steps and Implementation), Tax Administration Reforms, Service Tax, Vision for IT Infrastructure for CBEC, Status of GST and Role of CBEC in its implementation and GSTN.
I am directed to refer to the above mentioned subject and to say that in Office Orders No. 138/2013 dated 18.06.2013 relating to postings/transfers in the grade of Commissioner during AGT-2013, it has been clearly mentioned that no representation whatsoever shall be entertained before the officer joins at his new place of posting.
Services Provided to Special Economic Zone (SEZ) Authorised Operations Exempted From Service Tax The Central Government has decided to exempt the services on which service tax is leviable under section 66B of the said Act, received by a unit located in a Special Economic Zone (hereinafter referred to as SEZ Unit) or Developer of SEZ […]
While greater importance is given to Agro industry by the Central Government, as the Fertilizer mixtures are used by the Farmers, why not a circular can be sent clarifying that either Fertilizer mixtures are to be given duty exemption as the raw materials have already suffered Excise duty or the duty is to be exempted when the fertilizers (inputs) are to be used in the manufacture of fertilizers whether directly or through stage of an intermediate product.
During the Conference of the Chief Commissioner / Directors Generals with the Hon’ble Finance Minister on 28.08.2012 in Delhi, the issue of high pendency of Adjudication cases raised by Mr. S.B. Singh, Chief Commissioner, Hyderabad and Shri Sushil Solanki, Commissioner (ST), Mumbai-I was discussed. It was proposed, therein, to grant powers to the jurisdictional Chief Commissioners to assign the Commissioners (Appeals), having less work under their respective charges, the powers of Adjudication. It was directed by the Hon’ble FM that CBEC should immediately delegate the powers to the CCs.
Beginning 1st July, 2013, Customs clearance of all export goods will take place on 24×7 basis from four major Air Cargo Complexes/airports i.e., Bangalore, Chennai, Delhi and Mumbai. Thus, all exports including those made under export incentives scheme as well as duty drawback scheme will now be able to be move out of the country […]
An Exporter can procure Inputs without payment of excise duty under Notification No. 34/2001. This Rule, Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001 came into force with effect from 21/06/2001.
Reference has been received regarding the application of the threshold limit prescribed vide Instruction ibid to cases where either redemption fine alone is in dispute or both redemption fine and penalty are in dispute. For example, in one case the Tribunal confirmed the duty but set aside the penalty of Rs. 5 lakhs and redemption fine of Rs. 15 lakhs imposed by the adjudicating authority.