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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:
37/2015-2020 dtd 25/10/2017 Export Policy of Animal By-Products - Procedure for export of Lanolin to the European Union.
36/2017 dtd. 20/10/2017 Addition of Krishnapatnam port for import of new vehicles
35/2015-2020 dtd. 18/10/2017 Amendment in Para 2.17 of the foreign trade policy 2015-2020 on imports and exports to Democratic People`s Republic of Korea (DPRK) in terms of UNSC resolutions concerning DPRK
34/2015-2020 dtd. 18/10/2017 Amendments in Foreign Trade Policy 2015-20
33/2015-2020 dtd. 13/10/2017 Amendments in Foreign Trade Policy 2015-20.
32/2015-20 dtd 04/10/2017 Procedure for export of spices to the European Union countries.
31/2015-20 dtd. 29/09/2017 Amendment in conditions for export of Guar Gum under Sl.No.89, Chapter 13 of Schedule 2 of ITC(HS).
30/2015-2020 dtd. 29/09/2017 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 dtd. 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 dtd. 29.09.2017 Allocation of quantity for export of preferential quota sugar to EU under CXL quota.
27/2015-2020 dt 21.09.2017 Amendment to Paragraph 2.72 (b) of the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20
26/2015-2020 dt 20.09.2017 Amendment in Hand Book of Procedures 2015-20
25/2015-2020 dt 14.09.2017 Amendments in SION H-331 for export product âToothbrushesâ?.
24/2015-2020 dt 01.09.2017 Enlistment of Agricultural and Processed Food Products Export Development Authority (APEDA) under Appendix 2C & 2E
23/2015-2020 dt 01.09.2017 Last date of Export of preferential quota sugar to USA under TRQ quota
22/2015-2020 dt 31.08.2017 Correction / Amendments in Table 2 of Appendix 3B Foreign Trade Policy 2015-20
21/2015-2020 dt 31.08.2017 Proformae for submission of applications for export of Red sanders wood and import of sandalwood notified
20/2015-2020 dt. 25.08.2017 Introduction of Appendix-2X in Appendices and Aayat Niryat Forms (2015-20)
19/2015-2020 dt. 23.08.2017 7 Amendment in Appendix 2G (List of Inspection and Certification Agencies of Handbook of Procedures (Appendices and Aayat Niryat Forms) 2015-20
18/2015-2020 dt. 23.08.2017 Amendment in Para 2.84 of Chapter 2 of HBP 2015-2020
17/2015-2020 dt. 22.08.2017 Harmonising MEIS Schedule in the Appendix 3B (Table - 2) with ITC (HS), 2017
16/2015-2020 dt. 07.08.2017 Seeks to amend Appendix 2E of FTP, 2015-2020 regarding change of names and addresses
15/2015-2020 dt. 02.08.2017 Export policy of Muli-bamboo and bamboo products â Proforma for issue of Certificate of Origin
14/2015-2020 dt. 31.07.2017 Trade in Border Haats across the border between Bangladesh and India
13/2015-2020 dt. 27.07.2017 Allocation of quantity for export of preferential quuota sugar to USA under TRQ quota
12/2015-2020 dt. 27.07.2017 Modification of SION existing at Sl. No. E 8 for export product ` Cashew Kernel`
11/2015-2020 dt. 26.07.2017 Amendment in paras 2.16, 2.20, 2.51, 2.74, 2.79 and 2.80 of the Handbook of Procedures (HBP) of Foreign Trade Policy (FTP) 2015-20 -reg
10/2015-2020 dt. 30.06.2017 Revision of Permanent IEC code to alpha numeric format
09/2015-2020 dt 29.06.2017 Revision of Permanent IEC code to alpha numeric format
08/2015-2020 dated 24.05.2017 Amendment in the Territorial Jurisdiction of the Regional Office of DGFT at Hyderabad
07/2015-2020 dated 17.05.2017 Clarification on SCOMET export authorization for “Stock and Sale
06/2015-2020 dt. 27.04.2017 Inclusion of Seaport located at Hazira (Surat) Port as a Port of registration under Para 4.37 of Handbook of Procedures 2015-20
05/2015-2020 dt. 27.04.2017 Change in office address of Regional Office of DGFT
04/2015-2020 dt. 24.04.2017 Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020
03/2015-2020 dt. 21.04.2017 Applicability of services and rates of rewards for service export under SEIS extended upto 31.03.2017
02/2015-2020 dt. 19.04.2017 Amendment in Standard Input Output Norms A-39 under Chemical & Allied Product Group
01/2015-2020 dated 13.04.2017 Amendments in Product Description in MEIS Schedule-Table 2 of Appendix 3B.
67/2015-2020 dt. 30.03.2016 Authorization granted to Textiles Committee to issue Certificate of Origin under various Free Trade Agreements/Preferential Trade Agreements.
66/2015-2020 dt. 21.03.2016 Allocation of additional quantity for export of sugar to USA under Tariff Rate Quota (TRQ)
65/2015-2020 dt. 17.03.2016 Error correction in Focus Product Scheme (FPS) for export of " Other -Brakes and Servo Brakes and Part thereof.
64/2015-2020 dt. 17.03.2016 Standard Input Output Norms under Chemical & Allied Product Group.
63/2015-2020 dtd.27.03.2017 Amendment in para 2.54 of the Handbook of Procedures, 2015-2020.
62/2015-2020 dtd 24/03/2017 Amendments in Appendix 4J of Hand Book of Procedures 2015-20 and in General Notes for Chemicals and Allied Products of Standard Input Output Norms(SION) relating to Export Obligation Period under Advance Authorizations.
61/2015-2020 dtd 07/03/2017 Harmonising MEIS Schedule in the Appendix 3B (Table-2) with ITC (HS), 2017.
60/2015-2020 dtd. 07/03/2017 Deletion of MEIS benefit on Flour, meal and powder of Gaur seeds under Exim Code 11061000- regd.
59/2015-2020 dated 21.02.2017 Amendment in Chapter 2 of the Handbook of Procedure (2015-20).
58/2015-2020 dated 13.02.2017 Amendment in Paragraph 3.06 of Handbook of Procedures 2015-20.(see notice no. 58/2015-2020)
57/2015-2020 dated 10.02.2017 Inclusion of agencies in Appendix 2G. (See Public Notice No 57 in What’s New)
56/2015-2020 dated 06.02.2017 Addition of new sub para 5.03(c)(i) and (ii) and amendment in sub para 5.10(d)(ii) of Handbook of Procedures 2015-20.
55/2015-2020 dated 30.01.2017 Amendments in Product Description in MEIS Schedule -Table 2 of Appendix 3 B.
54/2015-2020 dt 11.1.2017 Amendment in Chapter 2 of the Handbook of Procedure(2015-20).
53/2015-2020 dated 09.01.2017 Corrections in SION C172, C244, C248, C270, C271, C272, C472, C473, C1834, C1835, C1836, C1855, C1856, C1939, C1983, C1984, C2034, C2035, C2036 and C2037 of Engineering Products in the Hand Book Procedures Vol.-II - reg.
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