Chartered Accountant
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Corporate News *  Tax rates lowered on consumer goods,only luxury goods taxed @ 28% *   Businesses can revise GST transition claim form now *  Multiplex owners in UP demand clarity on refund as tax exemptions go away after GST *   GST compliance: A case of much ado about nothing *  PM hints more relief for traders & businesses to ease GST compliance burden *  Infosys deploys more people in states to ease GSTN load *   Further reforms are needed for the GST to succeed *   GST impact! Massive stock clearance discounts on apparels, gadgets likely in December *  Kerala HC releases Detained Goods since State has No Power to make Rules to regulate Inter-State movement of Goods under GST *  Infosys is to blame for GST Network glitches, say government officials *   Publishers versus authors: Who will pay GST on royalty? *   कपड़ा निर्यातकों ने कहा, जीएसटी के कारण भारत से शिपमेंट में आ सकती है भारी कमी *   Tax professionals protest over GST returns filing in Gujarat *  Publishers versus authors: Who will pay GST on royalty? *   Pilot Implementation of Paperless Processing under SWIFT *   Anti-dumping duty levied on the imports of " Color Coated/ Pre-Painted flat products of alloy or non-alloy steel " s *   Anti-dumping duty levied on the imports of "Wire Rod of Alloy or Non- Alloy Steel "   *   Exemption on goods imported by EOUs from integrated tax and compensation cess   *   Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver  *   Appointment of Common Adjudicating Authority by DGRI  *   Amendment in various Customs exemption notifications to exempt Integrated Tax/Cess on import of goods under AA/EPCG schemes  *   BCD and IGST rates on certain goods prescribed   *   Amendment in rates of supply of services  *   Integrated Tax rate on the leasing of motor vehicles prescribed.  *   RCM to apply on supply of Used vehicles, seized and confiscated goods, old and used goods, waste and scrap  *   Amendment in notification no. 8/2017-IT dated 14.09.2017 so as to add certain items to the list of “handicrafts goods”  *   Exemption to few goods from GST  *   Amendment in rates of goods *   Applicability of RCM on Supply of services by the members of Overseeing Committee to Reserve Bank of India  *   RCM on supplies from unregistered dealers postponed till 31.03.2018 
Subject News *  Refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics vide cicular no 18/2017 GST dt 16.11.17 *   CBEC prescribes procedure for manual filing and processing of refund claims for zero rated supplies *  Suppliers of services through an e-commerce platform are exempted from obtaining compulsory registration *  All taxpayers  exempt from payment of tax on advances received in case of supply of goods *  Changes in Tax rate of permanent transfer of Intellectual Property *  GST on Services by way of admission to protected monuments shall be exempted. *  Relevant Notification to be issued shortly, so as to be made available from 15th of November'17 *  Late fee payable for those where a tax liability arises will be Rs. 50/- per day. *  Supply of services by Composition taxpayer upto Rs 5 lakh per annum will be allowed *  Restaurants in hotel premises having room tariff of less than Rs 7500 per unit per day will attract GST of 5% without ITC. *  Restaurants in hotel premises having room tariff of Rs 7500 and above per day (even for a single room) will attract GST of 18% with full ITC. *  Job work services in relation to manufacture of those handicraft goods in respect of which the casual taxable person has been exempted from registration, shall be reduced to 5% with full ITC. *  All restaurants to levy 5% GST except 5-star ones. *  Tax rate on Bangles made out of lac/shellac has been reduced from 3% to Nil. *  GST rate on Fly Ash bricks has been reduced from 12% to 5%. *  GST rate has been reduced from 18% to 12% for Furniture wholly made of bamboo or cane. *  Tax Rate on Goods of Granites and marbles have been reduced from 28% to 18%. *  Gst rate on Guar meal has been reduced from 5% to nil. *  All stand-alone restaurants irrespective of air conditioned or otherwise, will attract 5% GST without ITC. *  Uniform rate of tax @ 1% under composition scheme for manufacturers and traders. *  Services provided through E-commerce platform shall be exempt from obtaining compulsory registration. *  Due date of TRAN-1 extended till 31.12.2017 along with one time option of revision. *  Due date of GSTR-4 for the quarter July-Sept,2017 revised to 24.12.2017. *  Due date of ITC-04 for the quarter July-Sept,2017 revised to 31.12.2017. *  A facility for manual filing of application for advance ruling shall be introduced. *  Late fee payable where tax liability for that month is ‘NIL’will be Rs. 20/- per day *  Late Fee of GSTR-3B will be re-credited to Electronic Cash Ledger under “Tax” head instead of “Fee” head. *  The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be worked out. *  Extension of due date for filing GSTR-1 till March, 2018 for taxpayers with annual aggregate turnover upto Rs. 1.5 crore. *  Filing of GSTR-3B extended till March,2018 by 20th of the Succeeding month.  

Comments

Select Year:
26/2017-CENT dt. 17-10-2017 Assigning Jurisdictional Power to Commissioner Rank Officers in a zone for the purpose of deciding appeals pending as on 30th June 2017.
25/2017-CENT dt. 16-08-2017 Seeks to amend Notification No. 45/2001-CE (NT) dated 26 June, 2001
24/2017-CENT dt. 09-08-2017 Seeks to specify return ER-2
23/2017-CENT dt. 09-08-2017 Seeks to specify return forms ER-1 & ER-3
22/2017-CENT dt. 18-07-2017 Central government Seeks to rescind 5 Central Excise (N.T.) notifications.
21/2017-CENT dt. 30-06-2017 Seeks to prescribe the credit transfer document under rule 15(2) of CCR, 2017
20/2017-CENT dt. 30-06-2017 Seeks to notify the new CENVAT Credit Rules, 2017
19/2017-CENT dt. 30-06-2017 Seeks to notify the new Central Excise Rules, 2017
18/2017-CENT dt. 19-06-2017 Notification of the date by which the Notification no. 14/2017 CE (NT) dated the 9th June 2017 shall come into force
17/2017-CENT dt. 19-06-2017 Notification of the date by which the notification no. 13/2017 CE (NT) dated the 9th June 2017 shall come into force
16/2017-CENT dt. 19-06-2017 Notification of the date by which the notification no. 12/2017 CE (NT) dated the 9th June 2017 shall come into force
15/2017-CENT dt. 12-06-2017 amendment in Cenvat Credit Rules,2004 to allow un-availed CENVAT Credit in respect of services provided by the Government, local authority or any other person by way of assignment of the right to use of any natural resource
Notification no.14/2017-Central Excise dt. 09.06.2017 Delegation of powers for the purpose of assignment of adjudication of show cause notices
13/2017-CENT dt. 09-06-2017 Territorial Jurisdiction of Principal Chief Commissioners/Chief Commissioners, Principal Commissioners/Commissioners, Commissioner (Appeals), Commissioner (Audit)
12/2017-CENT dt. 09-06-2017 Appointment of Central Excise officers and vesting them with powers under Central Excise Act 1944 and under Chapter V of Finance Act 1994
11/2017-CENT dt. 24-04-2017 Excise duty to be payable on Heena Powder and Paste
10/2017-CENT dt. 13-04-2017 Seeks to amend CENVAT credit Rules,2004
09/2017-CENT dt. 12-04-2017 Seeks to amend Central Excise (Settlement of Cases) Rules, 2007
08/2017-CENT dt. 31-03-2017 Central Excise (Advance Rulings) Amendment, Rules 2017
07/2017-CENT dt. 23-03-2017 All Principal Commissioners who have been given additional charge of a Chief Commissioner vide Office Order of the Central Board of Excise and Customs No. 151/2016 dated the 30th December, 2016.
06/2017-CENT dt. 14-03-2017 Amendment to Notification No 38/2001-Central Excise (N.T.), dated the 26th June, 2001, regarding jurisdiction
05/2017-C.E.(N.T.) dated 01.02.2017 Amendment in the Central Excise Rules, 2002
04/2017-C.E.(N.T.) dated 01.02.2017 Amendment in Rule 6 and Rule 10 of Cenvat credit rules 2004.
03/2017-C.E.(N.T.) dt 01.02.2017 amendment in the Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010.
02/2017-C.E.(N.T.) dated 01.02.2017 amendment in the Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Rules, 2008
01/2017-CENT dt. 11-01-2017 Notification under Section 11C of the Central Excise Act on Plain (un-modified) Tamarind Kernel Powder falling under heading 1302
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PRADEEP JAIN, F.C.A.

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