Customs -Tariff Notifications

Notification: Addition of Krishnapatnam port for import of new vehicles

Notification: Notified supplies, when the supply of goods shall be treated as deemed export under GST e.g. supplies against Advance Authorisation, to EOU, under EPCG scheme etc

Notification: Central Goods and Services Tax (Tenth Amendment) Rules, 2017

Notification: Amendments in Foreign Trade Policy 2015-20 -reg

Notification: Revocation of the anti-dumping duties imposed on imports of Soda Ash from Russia and Turkey

Notification: Revocation of the anti-dumping duties imposed on imports of Soda Ash from China, European Union, Kenya, Pakistan, Iran, Ukraine and United States of America (USA)

Notification: Companies (Registered Valuers and Valuation) Rules, 2017

Notification: Commencement of section 247 of Companies Act 2017

Notification: Reduced rate of IGST on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.

Notification: Reduced rate of GST on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.

Notification: Evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017

Notification: Exchange Rates Notification No.96/2017-Custom(NT) dated 18.10.2017

Notification: 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.

Notification: seeks to impose definitive anti-dumping duty on the imports of " Color Coated/ Pre-Painted flat products of alloy or non-alloy steel " originating in or exported from China PR and European Union.

Notification: Assigning Jurisdictional Power to Commissioner Rank Officers in a zone for the purpose of deciding appeals pending as on 30th June 2017

Notification: Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2017

Notification: Seeks to amend notification no. 32/2017-CT dated 15.09.2017 so as to add certain items to the list of “handicrafts goods”

Notification: Seeks to cross-empower State Tax officers for processing and grant of refund under IGST

Notification: Persons making inter-State supplies of taxable services shall be exempted from registration u/s 23(2) where turnover is not exceeding ₹ 20 Lacs

Notification: Amendments in Foreign Trade Policy 2015-20 -reg.

Circular: The validity period of duty credit scrips

Circular: Non-compliance of Sanitary and Phyto-Sanitary measures by Indian Exporters/Importers-reg.

Circular: Amendments in Chapter-4 of Hand Book of Procedures 2015-2020, related to nominated agencies -reg

Circular: Amendments in Appendix 4J of Hand Book of Procedures 2015-20 — reg.

Circular: Clarification on movement of goods on approval basis

Circular: Authorized officer for enrollment of Goods and Services Tax Practitioner

Circular: Amendments in Chapter-4 of Hand Book of Procedures 2015-2020, related to clubbing of Advance Authorisations, extension of Export Obligation period and regularisation of bonafide default in the cases where Authorisations were issued for import of drugs from unregistered sources with pre import condition- reg

News: Auction for Sale (Re-issue) of Government Stocks

News: RBI Reference Rate for US $

News: Sovereign Gold Bond Scheme 2017 -18– Issue Price for the next subscription period i.e. October 23-25, 2017 would be ₹ 2,971– per gram with Settlement on October 30, 2017.

News: Ministry of Corporate Affairs issues Notification for commencement of Section 247 of the Companies Act, 2013 relating to Valuation by Registered Valuers

News: Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified

News: Comments and Suggestions Invited for Amendment of Income-tax Rules wrt Registration of Charitable or Religious Trusts

News: RBI Reference Rate for US $

News: CIPAM-DIPP Launches Logo and Tagline Contest for Geographical Indications of India

News: DIPP eases mechanism for processing FDI proposals

News: CBEC to Redistribute Cases in Jurisdictions to Reduce Pendency of Cases With Commissioners (Appeal)

Article: An easy understanding of The Insolvency & Bankruptcy code 2016

Article: INSOLVENCY AND BANKRUPTCY CODE, 2016 -A CRITICAL ANALYSIS

Article: CBEC ISSUED 41 NOTIFICATIONS IN A DAY TO GIVE EFFECT TO GST COUNCIL DECISIONS IN 22ND MEET

Article: GST- meaning of ‘services’ seems very restricted due to primary meaning being ‘anything’

Article: RECENT CHANGES IN ‘GST’

Highlight: States has no power to detain the goods in movement in the course of interstate since the central government has not notified the documents that have to be carried by a transporter of the goods in the course of interstate movement - HC

Highlight: Non-compliance of Sanitary and Phyto-Sanitary measures by Indian Exporters/Importers-reg. - Alert issued.

Highlight: Exemption u/s 11 - the assessee does not derive any profit looking at the excess of income or expenditure which is also meager, and All the fees charged by the assessee are for attainment of the ultimate object of the assessee of educational activities.

Highlight: Unexplained share capital/share premium - proof of genuine investors - the assessee has been able to prove identity of the share applicants, their creditworthiness and genuineness of the transactions in the matter.

Highlight: Confiscation - imports - excess goods found during examination - there is clear misdeclaration of quantity of distinctly different types of scrap having different values - Confiscation upheld

Highlight: Classification of imported vehicle/ car - misdeclaration - Violations of certain conditions with reference to freely importable items cannot make the items as a prohibited item.

Highlight: Eligibility of the importer to clear the goods for home consumption as a trader - e-waste - the goods are restricted and there are violations of Policy

Highlight: Renting of immovable property service - joint ownership - their tax liability should have been determined by considering their individual rental receipts and not collective one, benefit on notification was extended.

Highlight: In the case of intermediary service, place of provision of services shall be the location of the service provider and therefore the services rendered by the appellant cannot be treated as export of services

Highlight: Application for Refund - FORM-GST-RFD-01 as amended

Highlight: In the case of Deemed Export, either the recipient of goods or the supplier of goods (subject to conditions) may apply for for refund of tax (GST)

Highlight: Commissioner empowered to extent the time for export of goods under GST after the date of issue of invoice for export, beyond three months.

Highlight: Commencement of section 247 of Companies Act 2017 - Notification

Highlight: Companies (Registered Valuers and Valuation) Rules, 2017 - Notification

Highlight: Ministry of Corporate Affairs issues Notification for commencement of Section 247 of the Companies Act, 2013 relating to Valuation by Registered Valuers

Forum: Time of Supply and Suspension of RCM

Forum: Invoice Number Of Supplies From Unregistered Suppliers GSTR-2(4B)

Forum: Lucky draw winning taxes regardings

Forum: Penalty for Late Filing of GST return

Forum: Adding invoices in GSTR-1

Forum: Change in constitution of Auditors Firm and Signing of Auditors Report & Financial Statements

Forum: Purchase from URD for Exports

Forum: Query regarding share transfer at nil value on Section 56(2)(viib) ,Income Tax

TMI Note: Change in accounting policy - When is to be changed - What should be the basis for change in accounting policy

TMI Note: Accrual of income - Scope of ICDS - If there is conflict between Section 5 and Section 145, which would prevail

TMI Note: ICDS - Accrual basis of Accounting - Accrual of income versus Receipt of income

TMI Note: Bad debts out of income recognised on the basis of ICDS but not yet recognised in books of account

TMI Note: Applicability of ICDS for the purpose of disallowance u/s 40(a)(i) and 40(a)(ia)

TMI Note: Applicability of ICDS on TDS

TMI Note: Maintenance of Books of accounts for the purpose of ICDS