Exemption to Supply of services where place of supply is Nepal & Bhutan, against payment in rupees– Seeks to rescind Sl. No. 10D of Notification No. 09/2017-Integrated Tax (Rate) dated 28.06.2017 in relation to exemption of IGST on supply of services having place of supply in Nepal or Bhutan, against payment in Indian Rupees vide Notification No. […]
The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19.
Amendment vide Notification No. 03/2019 – Customs dated 29th January, 2019 in BCD rate on Electric Vehicle (EV) and their specified part and raw material for manufacture of Lithium ion cells with effect from 30th January 2019 Earlier Notifications : Principal notification No.50/2017-Customs, dated the 30th June, 2017 and notification No. 80/2018 -Customs, dated the 15th December, […]
GST- Interest liability U/ Sec. 50 of CGSTA/SGSTA on account of the delayed filing of GSTR-3B returns – Interest liable to be paid both on the cash and the ITC component of the tax paid after the due date prescribed – Recovery of such interest as clearly recoverable arrears
Principal Notification No. 02/2019 – Customs Dated: 29th January, 2019. Amendment Notifications: notification No.57/2017-Customs, dated the 30th June, 2017 and notification No. 75/2018 -Customs, dated the 11th October, 2018 Effective Date: 30th January 2019 Sl. No. Heading Description of services Rate Conditions Old Amendment Old Rate New Rate 7 Any Chapter Inputs or raw material for use […]
A Cost Accountant is required to undergo a mandatory training before applying for Certificate of Practice or within six months of getting the Certificate of Practice. The duration of the training will be for six days or 36 hours with course fees as may be fixed by the Council from time to time.
Seeks to make amendments in the earlier issued circulars in wake of amendments in the CGST Act, 2017 (which shall come into force w.e.f. 01.02.2019) Circular No. 04/01/2019-IGST F. No. CBEC-20/16/04/2018 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, […]
CGST (Second Removal of Difficulties) Order, 2019- Due date for the statement under section 52(4) October, November and December 2018 extended from 31st January, 2019 to 7th February, 2019 Extension of due date for furnishing of FORM GSTR-8 (TCS Return by e-commerce operators) for Oct to Dec 2018 till 07.02.2019 vide ORDER No. 02/2019-Central Tax dated […]
It is hereby clarified that the value of supply of exempt services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall not be taken into account – (i) for determining the eligibility for composition scheme under second proviso to sub-section (1) of section 10;
A doubt has been raised that whether the said procedure is applicable to LCL cargo or not. The issue has been examined. It is clarified that the procedure outlined in Public Notice No. 46/2017, dated 31.03.2017 is applicable to containerized cargo as well as LCL cargo.
