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Entitlement for duty free import of sector specific inputs re-inserted for 5 Sectors

May 28, 2018 876 Views 0 comment Print

Entitlement for duty free import of sector specific inputs which were available in Chapter 1B of FTP 2009-14 have been re-inserted in Chapter 1 of FTP 2015-20 w.e.f. 01.04.2015. for Handlooms, Handicrafts, Leather and Footwear, Marine Sector, Sports Goods and Toys.

Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators- Reg.

May 28, 2018 1056 Views 0 comment Print

Re-examination of the Final Finding dated 28.07.2017 issued by the Designated Authority, pursuant to the CESTAT Final Order No. AD/A/50938-50942/2018-CU[DB] dated 13.03.2018 in the matter of Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators, whether or not machined, in raw, finished or sub-assembled form, or as a part of a sub-assembly, or as a part of an equipment/component meant for wind-operated electricity generators originating in or exported from China PR.

Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators

May 28, 2018 1251 Views 0 comment Print

Re-examination of the Final Finding dated 28.07.2017 issued by the Designated Authority, pursuant to the CESTAT Final Order No. AD/A/50938-50942/2018-CU[DB] dated 13.03.2018 in the matter of Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators, whether or not machined, in raw, finished or sub-assembled form, or as a part of a sub-assembly, or as a part of an equipment/component meant for wind-operated electricity generators originating in or exported from China PR.

Haryana Goods and Services Tax (Sixth Amendment) Rules, 2018

May 25, 2018 1263 Views 0 comment Print

hese rules may be called the Haryana Goods and Services Tax (Sixth Amendment) Rules, 2018. (5) In the case of refund on account of inverted duty structure, refund of input tax credit shall be granted as per the following formula:- Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) x Net ITC÷ Adjusted Total Turnover} – tax payable on such inverted rated supply of goods and services.

Officers can Intercept conveyance under Inter & Intra-State Movement in Rajasthan

May 25, 2018 663 Views 0 comment Print

Rajasthan Government empower Additional Commissioner, State Tax, Anti Evasion, Joint Commissioner (Adm.), Anti Evasion and all the Joint Commissioner (Adm.), State Tax to authorize the proper officer to intercept any conveyance to verify the e-way bill in physical or electronic form for all inter-state and intra-State movement of goods in their respective territorial jurisdiction and to carry out the physical verification of intercepted conveyances.

Procedure for service of notice of Special Court on fugitive economic offenders

May 25, 2018 669 Views 0 comment Print

Govt. prescribes procedure for service of notice of Special Court on fugitive economic offenders vide Fugitive Economic Offenders (Procedure for sending Letter of Request to the Contracting State for Service of Notice and Execution of Order of the Special Court) Rules, 2018.

Karnataka notifies GST Appellate Authority for Advance Ruling

May 25, 2018 2265 Views 1 comment Print

Karnataka hereby constitutes Karnataka Appellate Authority for Advance Ruling for Goods and Services Tax consisting of – 1) The Principal Chief Commissioner, Bengaluru, GST 8v CX Zone, Bengaluru; and 2) The Commissioner of Commercial Taxes (Karnataka), Bengaluru.

No Tax on issue of share capital by eligible start-ups at excess premium: CBDT

May 24, 2018 9465 Views 1 comment Print

Central Government, hereby notifies that the provisions of clause (viib) of sub-section (2) of section 56 of the said Act shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares, if the consideration has been received for issue of shares from an investor in accordance with the approval granted by the Inter-Ministerial Board of Certification

Revised foreign exchange earning criteria to be eligible for Duty Credit Scrip

May 24, 2018 945 Views 0 comment Print

Such service provider should have minimum net free foreign exchange earnings of US$15,000 in year of rendering service to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in year of rendering service.

CAs cannot do Valuation of unquoted equity shares under DCF method

May 24, 2018 94164 Views 0 comment Print

Amendment in Rule 11U and 11UA omitting reference to the term accountant, thereby permitting only merchant bankers to determine the FMV of unquoted equity shares as per the Discounted Free Cash Flow Method

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