Trade Circular No. 54T of 2017 Provisional IDs and Access Token of Phase 16 taxpayers, are now made available by GSTN. Taxpayer can obtain their Provisional IDs from department’s portal www.mahavat.gov.in, using their login credentials. This list of all such taxpayers is published under GST Tab on Mahavat portal.
Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about closure of some Public Sector Banks in the wake of their being placed under the Prompt Corrective Action (PCA) framework. In this context attention is drawn to the press release issued on June 5, 2017, which stated as under:
The dealer can apply for Voluntary Registration under the provisions of Section 16(2) of MVAT Act 2002. The section provides for payment of security deposit of Rs. 25000/-for such registration under the said provision. There are certain contingencies in which the dealers may apply for refund of paid security deposit.
CBIC dcided to leverage the introduction of this new technology being provided under Managed Service Provider system to monitor and facilitate transshipment of consignments sealed at ICDs/CFSs and destined for export to Nepal or Bangladesh. Exporters opting to avail the facility for export of goods to Bangladesh or Nepal may do so through the following ICDs / CFSs.
Notification No. 95/2017-Customs Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2018
Notification No. 94/2017–Customs Seeks to further amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a deepen the concessional rate of basic customs duty in respect of tariff item 8708 40 00 [gear box and parts thereof, of specified motor vehicles], w.e.f. 1st of January, 2018, when imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA)
CBDT notifies for the purposes Section 10(46) ‘Himachal Pradesh Computerization of Police Society’, a body established by the Government of Himachal Pradesh, in respect of the following specified income
CBDT notifies for the purposes Section 10(46) SEEPZ Special Economic Zone Authority, an authority constituted under the Special Economic Zone Act, 2005 by the Government of India, in respect of the following specified income
The time barring assessment work of the Department for Financial Year 2017-2018 closes on 31.12.2017. In view of above, all the non working days/holidays from 23.12.2017 to 31.12 2017 will be treated as working days and all the Income Tax Offices in Delhi shall remain open for normal office hours till 31st December, 2017.
Application for obtaining an advance ruling and filing an appeal against anadvance ruling shall be made by the applicant on the common portal. However, due to the unavailability of the requisite forms on the common portal, a new rule 107A has been inserted
