Daily Archives: May 18, 2017

Export benefit scheme to be GST compliant

By | May 18, 2017

Export benefit scheme to be GST compliant The government is re-designing the export benefit scheme MEIS to make it senior official said today. Neeraj Prasad, Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC) also said that the issue of working capital requirements under the new tax regime is being deliberated upon by… Read More »

Category: GST

Lower GST rate for insurance, telecom likely

By | May 18, 2017

Lower GST rate for insurance, telecom likely The Centre and states are working to ensure there is a lower GST burden on telecom and financial services, a move that will keep a check on insurance and phone bills, even as states pitch for concessions for products such as ‘puja samagri’ and textiles. Sources told TOI… Read More »

Category: GST

Interest on Fixed Deposits from unutilized funds of Power Plant Taxable – income from other source

By | May 18, 2017

Held The Hon’ble jurisdictional High Court in the case of CIT v. Rasi Cement Ltd. [1998] 232 ITR 554 (AP) has answered similar questions involved in favour of the Revenue. The question before the Hon’ble High Court was whether the interest earned on surplus funds deposited in the banks during the installation of the company,… Read More »

HP VAT 5th Amendment Rules 2017.

By | May 18, 2017

[Authoritative English text of this Department Notification No. EXN-F(10)-15/2016 dated 29/04/2017 as required under clause (3) of article 348 of the Constitution of India.] Government of Himachal Pradesh Excise and Taxation Department No. EXN-F(10)-15/2016 Dated: 29th April, 2017. NOTIFICATION In exercise of the powers conferred by section 63 of the Himachal Pradesh Value Added Tax… Read More »

Procedure for clearance of Waste Paper

By | May 18, 2017

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 11.05.2017 PUBLIC NOTICE NO. 60/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of all the Importers, Customs… Read More »

Discontinuation of High Seas Sale Registration Procedure at JNCH Port

By | May 18, 2017

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F.No. S/12-Gen-38/2015-16 AM (X) Pt I Date: 02.05.2017 PUBLIC NOTICE NO. 58/2017 Subject: Request for discontinuation of High Seas Sale Registration Procedure at Import Noting Section of JNCH – Reg Attention of the Importers, Exporters,… Read More »

Revised procedure for clearance of Waste Paper – Mumbai Custom Zone-II

By | May 18, 2017

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 16.05.2017 STANDING ORDER NO. 11/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of Officers of Customs… Read More »

Ind AS Transition Facilitation Group Clarification Bulletin 9

By | May 18, 2017

‘Ind AS Transition Facilitation Group’ (ITFG) of Ind AS Implementation Committee has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under the Companies (Indian Accounting Standards) Rules, 2015, raised by preparers, users and other stakeholders. Ind AS Transition Facilitation Group (ITFG) considered… Read More »