New Functions on GST Portal Part 3 : Explained by GSTN
New Functions on GST Portal Part 3 : Explained by GSTN
Daily Archives: June 8, 2018
No Advance Ruling can be given on ITC on clean energy cess : ANDHRA PRADESH AAR
Accordingly, Section 97(2) (d) shall refer to admissibility of input tax credit under GST Acts. However, we find that the input Tax credit referred by the applicant relates to the transitional relief, which is paid under the Act other than the Acts referred in the definition of input tax under CGST. Hence, the question sought… Read More »
Govt to struck-off 2.25 lakh Shell Companies in 2nd drive
Ministry of Finance Task Force on Shell Companies takes pro-active and coordinated steps to check the menace of shell companies • Compilation of a database of shell companies by SFIO • During Financial Year 2017-18 ROCs identified and removed from the register of companies the names of 2,26,166 companies; 3,09,619 directors disqualified • A total… Read More »
GST Council may reduce GST Rates : MOS Finance
GST Council may reduce GST Rates : MOS Finance The GST Council is working towards rationalising Goods and Service Tax (GST) rates, Minister of State for Finance Shiv Pratap Shukla said on Thursday. A big announcement from the government regarding GST is imminent, he said at an event. Currently, the GST has four rates of 5… Read More »
GST Council to discuss bringing natural gas in GST in 28th GST Council meeting
New Delhi, Jun 8 The GST Council could consider bringing natural gas within the purview of Goods and Services Tax in its next meeting, an official said today. GST Council Joint Secretary Dheeraj Rastogi said aviation turbine fuel (ATF) would be another petroleum product that could also be brought within the GST ambit among five… Read More »
NOTIFICATION No 50/2018 Customs (N.T.) : Monetary limits for adjudging confiscation or penalty by Customs Officers
NOTIFICATION No 50/2018 Customs (N.T.) Summary of NOTIFICATION No 50/2018 Customs (N.T.) Monetary limits for adjudging confiscation or penalty by Customs Officers u/s 162 of Custom Act 1962 for goods liable to confiscation under Chapter XIV NOTIFICATION No 50/2018 Customs (N.T.) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No.… Read More »
Circular No 16 /2018 Customs : Adjudication Power for confiscation under Custom for value above Rs 10 Lakh
Circular No 16 /2018 Customs Circular No 16 /2018 Customs Dated 8th June, 2018.Powers of adjudication of the officers of Customs- reg. F.No.450/117/2009-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi 8th June, 2018. To All Principal Chief Commissioners/ Chief Commissioners of Customs /… Read More »