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Corporate News *   GST lifted oil demand on higher vehicle sales, says report *   Moody’s gives thumbs up to GST, demonetisation  *   Pass on rate cut benefits immediately, companies tell traders *   Focus will now be on simplifying forms, IT processes under GST: Sushil Modi *  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” 
Subject News *   All taxpayers  exempt from payment of tax on advances received in case of supply of goods *   Suppliers of services through an e-commerce platform are exempted from obtaining compulsory registration *   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 *   Govt tells companies to pass on GST gains immediately *   Anti-profiteering authority to be set up under GST *   CBEC prescribes procedure for manual filing and processing of refund claims for zero rated supplies *  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.  

Comments

Select Year:
32/2015-20 dtd 04/10/2017 Procedure for export of spices to the European Union countries.
31/2015-2020 dtd. 29/09/2017 Amendment in conditions for export of Guar Gum under Sl. No. 89, Chapter 13 of Schedule 2 of ITC(HS) - regarding.
30/2015-2020 dtd. 26/09/2017 Amendment in import policy condition of Urea under ITC (HS) code 3102 10 00 of Chapter 31 of ITC (HS), 2012 - Schedule -1 (Import Policy).
29/2015-2020 dated 21.09.2017 Amendment in Appendix 3 (SCOMET items) to Schedule -2 of ITC(HS) Classification of Export and Import Items, 2012.
28/2015-2020 DATED 15.09.2017 Export Policy of Pluses - Removal of prohibation on export pluses (Toor Dal, Moong and Urad) till further orders
27/2015-2020 dt 07.09.2017 Amendment in import policy of raw sugar
26/2015-2020 dt 01.09.2017 Revision in Policy condition no 2 to Chapter 95 of ITC(HS), 2017
25/2015-2020 Amendment in import policy of gold and silver under Chapter 71 of the ITC(HS) 2017, Schedule -I (Import Policy)
24/2015-2020 dt. 25.08.2017 Amendment in Para 2.07 of Foreign Trade Policy 2015-2020.
23/2015-2020 dt. 23.08.2017 Amendment in Para 3.24(j) of Chapter-3 of FTP 2015-20
22/2015-2020 dt. 21.08.2017 Amendment in import policy of Beans of the species Vigna mungo (L.) Hepper or Vigna radiate (L.) Wilczek under Chapter 7 of the ITC (HS) 2017, Schedule â I (Import Policy)
21/2015-2020 dt 14.08.2017 Export of gold jewellery (plain or studded) and articles containing gold of 8-22 from DTA and EOU/EHTP/STP/BTP Units
20/2015-2020 dt 14.08.2017 Supply of essential commodities to the Republic of Maldives during 2017-18
19/2015-2020 dt 05.08.2017 Amendment in import policy of Pigeon Peas (Cajanus Cajan) /Toor Dal Under Chapter 7 of the ITC (HS) 2017, Schedule-I (Import Policy)
18/2015-2020 dt. 01.08.2017 Amendment in Para 13 of the General Notes Regarding Import Policy of ITC (HS), 2017-Schedule - 1 (Import Policy)
17/2015-2020 dt. 01.08.2017 Amendment in import policy conditions of items under EXIM Code 44039918 under Chapter 44 of ITC (HS), 2017 - Schedule - 1 ( Import Policy).
16/2015-2020 dt. 12.07.2017 Amendment in Chapter Notes and Import Policy and Policy Conditions of items under Chapter 98 of ITC (HS), 2017 - Schedule - 1 (Import Policy)
15/2015-2020 dt 05.07.2017 Amendment in export policy of sandalwood oil
14/2015-2020 dt 30.06.2017 Addition of M/s International Gemological Institute (India) Pvt LTd. in paragraph 4.42 of FTP 2015-20
13/2015-2020 dt 28.06.2017 Amendment in export policy for export of chemicals listed under SCOMET
12/2015-2020 dt. 27.06.2017 Permission to supply of essential commodities to the Republic of Maldives during 2017-18
11/2015-2020 dt. 23.06.2017 Amendment in export policy of Muli Bamboo and export policy for bamboo products
10/2015-2020 dt.22.06.2017 Prohibition on import of milk and milk products from China
09/2015-2020 dt. 08.06.2017 Amendment in Para 9 (B) of General Notes regarding Import Policy of ITC (HS), 2017, Schedule-I (Import Policy).
08/2015-2020 dated 23.05.2017 Extension of time regarding Export of Red Sanders wood by Government of Andhra Pradesh, Directorate of Revenue Intelligence, Government of Maharashtra and Tamil Nadu
07/2015-2020 dated 16.05.2017 : Seeks to Update List of Manufactures/Units of Single Super Phosphate (SSP), DAP and NP/NPK. In export policy of fertilizers
06/2015-2020 dt. 08.05.2017 Implementation of Target Plus Scheme as per the decision of the Hon`ble Supreme Court dt. 27.10.2015 in CA No. 554 of 2006 .
05/2015-2020 dt 24.04.2017 Amendment in Table A of Schedule 2 and Appendix 3 of ITC(HS) Classification of Export and Import Items
04/2015-2020 dt 21.04.2017 Amendment in Para 3.18(a) of FTP 2015-20
03/2015-2020 dt. 19.04.2017 Exemption from the application of quantitative ceiling and export bans on export of wheat, non-Basmati rice, edible oils and sugar enhancement of quantitative ceiling on export of pulses & lentils.
02/2015-2020 dated 13.04.2017 Amendment in import policy of raw sugar classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017-Schedule-1 (Import Policy)
01/2015-2020 dt. 05.04.2017 Amendments in Product Description in MEIS Schedule
43/2015-2020 dtd. 27/03/2017 Amendment in export policy of edible oils.
42/2015-2020 dtd. 21/03/2017 Amendments in Chapter 4 of the Foreign Trade Policy 2015-20
41/2015-2020 dtd. 21/03/2017 Amendment in Para 2.17 of the Foreign Trade Policy 2015-20 on Imports and Exports to Democratic People`s Republic of Korea
40_Corrigendum/2015-2020 dated 02.03.2017 Corrigendum to Notification No. 40/ 2015-2020 dated 23.02.2017-reg.
40/2015-2020 dated 23.02.2017 Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020
39/2015-2020 dt. 22.02.2017 Amendment in Para 4.44 of Chapte 4 of the Foreign Trade Policy(FTP) 2015-20.
38/2015-2020 dated 17.02.2017 Amendment in the list of Military Stores requiring NOC for export purpose.
37/2015-2020 dated 27.01.2017 Export Policy of Sandalwood.
36/2015-2020 dated 17.01.2017 Notification of ITC (HS), 2017 - Schedule-1 (Import Policy).
35/2015-2020 dated 17.01.2017 The minimum price for import of Areca Nuts is enhanced from existing Rs. 162/- to Rs.251/- per Kilogram
34/2015-2020 DATED 13/01/2017 Export Policy of Animal By-Products
33/2015-2020 dt. 03.01.2017 Amendment in import policy of items classified under Chapter 41 & 43 of ITC (HS), 2012-Schedule-1(Import Policy).
Department News


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PRADEEP JAIN, F.C.A.

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