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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:
Instruction no. 16/2017 dtd. 09/10/2017 Refund of IGST paid on export of goods under rule 96 of CGST rules 2017
Instruction no. 15/2017 dtd. 09/10/2017 Refund of IGST paid on export of goods under rule 96 of CGST rules 2017
41/2017 dtd. 30/10/2017 Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and Circular 36/2017 dated 28th August, 2017. - reg.
40/2017 dt. 13-10-2017 Pilot Implementation of Paperless Processing under SWIFT
39 / 2017-Customs dtd 26/09/2017 Clarifications regarding amendments to the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 vide Notification No. 91/2017-Customs (N.T.) dated 26.09.2017
38/2017-Customs dtd. 22/09/2017 The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes.
37/2017-Customs dtd. 20/09/2017 Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and Circular 36/2017 dated 28th August, 2017. - reg.
36/2017 dt 28.08.2017 Implementation of electronic sealing for containers by exporters
35/2017 dt. 16-08-2017 Guidelines for provisional release of seized imported goods pending adjudication under Section 110A of the Customs Act, 1962
34/2017 dt, 09.08.2017 Clarification of pre-GST rates of Rebates of state Levies
32/2017 dt. 27.07.2017 Clarification regarding exports under claim for drawback in the GST scenario.
33/2017 dt. 01-08-2017 Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof
31/2017 dt 25.07.2017 Extending the Single Window Interface for Facilitation of Trade (SWIFT) in Exports with WCCB to all EDI locations
30/2017 dt 18.07.2017 Whole procedure of re-testing of samples has been prescribed
29/2017 dt 17.07.2017 Relaxations to EOU under GST regime
28/2017 dt 06-07-2017 Regarding revised rates of Rebate of State Levies on Export of Garments and textilemade-up articles
27/2017 dt 05-07-2017 Disposal of seized/confiscated cigarettes of foreign origin vis-ŕ-vis provisions of the Cigarettes and other Tobacco products (Packaging and Labelling) Rules, 2008.
26/2017 dt 01-07-2017 Export procedure and sealing of containerized cargo
25/2017 dt 30-06-2017 Regarding implementation of Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
24/2017 dt 30-06-2017 Duty Drawback for supplies made by DTA units to Special Economic Zones in the GST scenario
23/2017 dt. 30-06-2017 Brand rate mechanism in the context of introduction of Goods and Services Tax (GST)
22/2017 dt 30-06-2017 Salient features of amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes
21/2017 dt 30-06-2017 Drawback of Integrated Tax and Compensation Cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962
20/2017-CUS dt. 31-05-2017 Facility for On-line Generation of Rotation Number by Shipping Lines/Agents
19/2017-CUS DATED 31-05-2017 Implementation of Hon'ble Supreme Court's judgment dated 27.10.2015 in CA No.554 of 2006 titled SDGFT V/s Kanak Exports
Circulars Customs 18/2017 dt. 29.05.2017 Regarding exemption from drawl of samples for the purpose of grant of drawback to the AEO certificate holders
17/2017 dated 09-05-2017 Implementation of Notification No. 107/2016- customs (N.T.) dated 11.08.2016- Uploading the Departure Manifests by Airlines(carriers)- reg.
16/2017 dt. 02-05-2017 Clarification on Monitoring of export obligation fulfilment under EPCG and Advance Authorization Schemes
15/2017 dt. 19-04-2017 Rescinding Board Circular F. No. 528/213/87 - Customs (TU) dt. 08.08.1987
14/2017 dated 11-04-2017 Delayed, incomplete or incorrect filing of Import menifest
13/2017 dated 10-04-2017 DTA clearance of goods procured by EOUs/EHTP/STP units from indigenous sources - charging of Duty
42/2017 dated 07-11-2017 Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
12/2017-Cus dtd. 31-03-2017 Clarification regarding legislative changes relating to Customs Act,1962 proposed in the Finance Bill,2017
11/2017-Cus, dtd. 31-03-2017 Clarification regarding amendment in Special Economic Zone Rules, 2006 in Rule 47, after sub-rule (4) dated 05.08.2016 – reg.
10/2017-Cus dtd. 30-03-2017 Export of carpet under duty drawback - examination of carpets for composition, price determination etc.
09/2017-Cus dtd.29-03-2017 Disposal of seized/confiscated cigarettes of foreign origin vis-a-vis provisions of the cigarettes and other tobacco products (Packaging and Labelling) Rules, 2008
08/2017-Cus,dtd. 20-03-2017 Rebate of State Levies (RoSL) on Export of made-up articles – Implementation by CBEC
07/2017 dtd. 06/03/2017 Guidelines for launching of prosecution in relation to offences punishable under Customs Act, 1962
06/2017-cus dated 28-02-2017 Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme
05/2017-CUS DATED 28-02-2017 Exemption from drawal of samples for the purpose of grant of drawback to the AEO certificate holders
04/2017 dated 16-02-2017 Expansion of 24x7 Customs clearance and clarification of levy of MOT charges in CFSs attached to 24x7 ports
203/01/2017-ST dated 02-02-2017 Mentioning of Minor head code of Refund
03/2017 dated 17-01-2017 Import of Point of sale (PoS) terminal devices,its cells and batteries and labelling requirements thereof
02/2017 dated 13-01-2017 Amendments effective from 15-01-2017 to the All Industry Rates of Duty Drawback
01/2017 dated 04-01-2017 Regarding extending the Single Window Interface for Facilitation of Trade (SWIFT) to Exports
circular no. 60/2016-Cus dt. 31.12.2016 Regarding declaration in respect of Specified Bank Notes
Department News


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PRADEEP JAIN, F.C.A.

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