GST: e-way bill system - Bihar GST - procedure for transportation of goods by or on behalf of a registered or unregistered person or by or on behalf of a registered or un-registered transporter.

GST: Goods and services Tax Settlement of funds Rules, 2017 - Notification

GST - States: e-way bill system - Andhra Pradesh GST - Every registered person or unregistered person or a person liable to be registered under the AP Goods and Services Tax Act - 2017 shall generate e-Waybill in Form GST Waybill-1

Service Tax: Refund of input services - all the input services viz., Parking, Cafeteria, Fitouts, Building, Housekeeping, Management Consultant Services, Custom House Agent Service, Supply of Tangible Goods Service, Event Management Service fall in the definition of ‘input service' as provided under Rule 2(l) of the CCR

Central Excise: CENVAT credit - sales promotion includes services by way of sale of dutiable goods on commission basis and this notification is made applicable retrospectively - credit allowed

Income Tax: Penalty u/s. 271AAA - disclosure as undisclosed income - When the base requirement itself fails, the question of denying the benefit of no penalty would not arise. - HC

Income Tax: Penalty - genuineness of the gifts - There was concealment on the part of the assessee so as to levy penalty under Section 271(1)(c) of the Act. Thus, the Tribunal was right in denying benefit under Proviso to Section 56(2)(vi) - HC

Income Tax: Section 2(14) stipulates that property can be ‘capital asset’ even if connected with business of the assessee. - land/properties were held by the assessee as ‘capital assets’ before its sale and consequential gains arising on sale thereto is chargeable under the head ‘capital gains’.

Income Tax: No part of the subsidy was specifically intended to subsidize the cost of any fixed asset - Therefore, for the purpose of computing depreciation allowable to the assessee, the subsidy amount cannot be reduced from the actual cost of the capital asset.

Customs: Clarification regarding exports under claim for drawback in the GST scenario - Circular

Service Tax: Refund claim - jurisdiction - the appellants filed the refund claims to the Assistant Commissioner of Central Excise having jurisdiction over the factory of manufacturer. The said refund claim cannot be rejected on the ground that a part of the refund related to the warehouse of the exporter.

Service Tax: Family clubbing activities - appellants had received huge consideration in the form of membership fees and charges, however, they did not deposit the service tax payable on such consideration and also did not file service tax returns - Demand confirmed with 50% penalty.

Central Excise: Valuation - the amortisation cost of modification charges of the dies has to be included in the assessable value of the goods manufactured with the help of such die/tools. Hence the amortisation of modification charges of die is required to be included in the assessable value

Central Excise: The conversion of paddy into rice/broken rice/rice bran does not amount to manufacture in terms of Section 2 (f) of Central Excise Act, 1944 and the rice/rice bran/broken rice are not excisable goods in terms of Section 2(d) of the Act

Customs: Import of baggage - unaccompanied baggage - In the absence of any justification as to why such commercial quantity of brand new goods has been imported alongwith used house hold goods in the container, goods were rightly confiscated

Customs: Amendment in Notification No. 131/2016 - Customs (N.T.), dated the 31st October, 2016 - Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 - Notification

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Learning from judgments- application for adjournment must be made timely and with relevant evidence

CENTRAL EXCISE RULES, 2017 – PART II

CENTRAL EXCISE RULES, 2017 – PART I

GST News and Updates

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UTGST Rate - Corrigendum – Notification No. 2/2017-Union Territory Tax (Rate), dated the 28th June, 2017

CGST Rate - Corrigendum – Notification No. 1/2017-Central Tax (Rate), dated the 28th June, 2017

UTGST Rate - Corrigendum – Notification No. 1/2017-Union Territory Tax (Rate), dated the 28th June, 2017

IGST Rate - Corrigendum - Notification No. 2/2017-Integrated Tax (Rate), dated the 28th June, 2017

IGST Rate - Corrigendum – Notification No. 1/2017-Integrated Tax (Rate), dated the 28th June, 2017

CGST Rate - Corrigendum – Notification No. 2/2017-Central Tax (Rate) dated 28th June 2017

More Notifications

Customs - Clarification regarding exports under claim for drawback in the GST scenario

DGFT - Allocation of quantity for export of preferential quota sugar to USA under TRQ quota

DGFT - Modification of SION existing at Sl. No E 8 for export product "Cashew Kernel”

FEMA - Exim Bank's Government of India supported Line of Credit of USD 24.54 million to the Government of the Republic of Ghana

Income Tax - U/s 138 (1) of IT Act 1961 Specified authority for furnishing the 'bulk information' to Joint Secretary, Ministry of Corporate Affairs (MCA), Government of India

DGFT - 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 - regarding.

More Circulars

Levy of VAT - terminalling services provided to BPCL - petitioner cannot be made to suffer by two levies, namely, sales tax & service tax

Tasla is classifiable under Chapter Sub Heading 8433 as agricultural implements and/or hand tools

When the income cannot be added u/s 68, ITAT was not competent to make the addition u/s 69A, the entire ITAT order stand vitiated in law

Benefit of Income Tax Amnesty scheme in respect of penalty only - HC rejects the contention of the department and allowed the benefit

Revenue audit, Post GST - Audit by Central Excise & service Department to continue for the accounting year 2016-17 and for the past period

More SMS

More than 58 lakhs subscribers to Atal Pension Yojana (APY)

Features of GST

RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence

Benefits of the reduced rates/tax rebate to the consumers post GST

Accidental Insurance for RuPay ATM Card Holders

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Goods and gst bill passed (1401)

Gst on work contracts (19)

Service tax on tailoring activity (18)

Gst on freight and its treatment (15)

Average export obligation not maitained under epcg (15)

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Renting of immovable property service (1)

Registration (1)

Gst compomsition scheme (2)

Closing balance of cenvat a/c & vat a/c (2)

Clearance on first dat of appointment of gst... (2)

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