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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:
22/2017-CE, dt. 03-10-2017 Seeks to amend notification No. 11/2017-Central Excise so as to reduce the excise duty rates on Petrol and Diesel ( both unbranded and branded ).
21/2017-CE, dt. 03-07-2017 Central government Seek to rescind 6 Central Excise notifications
20/2017-CE, dt. 03-07-2017 Seeks to amend notification No.28/2002-Central Excise, dated the 13th May, 2002
19/2017-CE, dt. 01-07-2017 Notification No. 16/2010-Central Excise, dt 27th February, 2010 rescinded
18/2017-CE, dt. 01-07-2017 Exemption from Additional duty of excise on goods specified in the Seventh Schedule of Finance Act, 2005
17/2017-CE, dt. 30-06-2017 Amendment in various Central Excise Exemption notifications relating to Export Promotion Schemes
16/2017-CE, dt. 30-06-2017 Seeks to amend notification No. 23/2003-CE, dt 31st March, 2003
15/2017-CE, dt. 30-06-2017 Exemption from special additional excise duty on Motor spirit & HSD Oil omitted
14/2017-CE, dt. 30-06-2017 Seeks to amend notifications 52/2002 –CE, 8/2003-CE, 38/2004-CE, 3/2006-CE, 29/2008-CE, 62/2008-CE and 21/2009-CE
13/2017-CE, dt. 30-06-2017 Exemption from excise duty on goods specified for defence and other specified purposes as stated in notification 64/95-central excise dt 16th March, 1995
12/2017-CE, dt. 30-06-2017 Seeks to exempt excise duty on goods manufactured on or before 30th june 2017 but not cleared from the factory of production before 1st july 2017
11/2017-CE, dt. 30-06-2017 Seeks to supersede notification 12/2012-central excise
10/2017-CE, dt. 30-06-2017 Exemption to specified goods supplied to the United Nations or an international organisation for their official use from excise duty
09/2017-CE, dt. 30-06-2017 Seeks to rescind Central Excise notifications as mentioned in the notification
08/2017-CE, dt. 16-05-2017 : Seeks to extend time period for furnishing the final Mega power project certificate and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee
07/2017-CE dated 2.02.2017 Amendment in notification No. 16/2010-Central Excise, dated the 27th February,2010
6/2017 dated 1.02.2017 Amendment in notification No.12/2012-Central Excise, dated the 17th March, 2012
05/2017-CE dated 1.02.2017 exemption of exempts all items of machinery, including instruments, apparatus and appliances, transmission equipment and auxiliary equipment and components, required for purpose specified.
04/2017-CE dated 1.02.2017 Amendment in the notification No. 42/2008-Central Excise, dated the 1st July, 2008
3/2017-CE dated 1.02.2017 Amendment in the Notification No. 6/2005-Central Excise, dated the 1st March, 2005
02/2017-CE, dt. 11-01-2017 Seeks to further amend Notification No. 12/2012-Central Excise dated 17.03.2012 to prescribe an effective rate of excise duty of 12.5% on Motor Vehicles falling under heading 8702 90 21, 8702 90 22, 8702 90 28 and 8702 90 29 of the First Schedule of the C
01/2017-CE, dt. 05-01-2017 Seeks to further amend notification No. 02/2011-Central Excise dated 1st March, 2011.
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