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Home e-Newsletters Index Year 2017 August Day 7 - Monday

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TMI Tax Updates - e-Newsletter
August 7, 2017

Case Laws in this Newsletter:

Income Tax Customs Corporate Laws Service Tax Central Excise CST, VAT & Sales Tax Indian Laws



Highlights / Catch Notes

  • GST:

    GST Rates - HSN Code - Sausages and similar products, of meat, meat offal or blood; food preparations based on these products fall under heading 1601 and attract 12% GST.

  • GST:

    GST Rates - HSN Code - Instant Coffee falls under heading 2101 and attracts 28% GST.

  • GST:

    GST Rates - HSN Code - However, meat of sheep or goats (including mutton leg), frozen and put up in unit container, falling under heading 0204 attracts 12% GST..

  • GST:

    GST Rates - HSN Code - Meat of sheep or goats (including mutton leg), fresh, chilled or frozen (other than frozen and put up in unit container) falling under heading 0204 is exempt from GST

  • GST:

    GST Rates - HSN Code - Soft drinks i.e. aerated drinks - All goods [including aerated waters), containing added sugar or other sweetening matter or flavoured falling under heading 2202 10 attract 28% GST and 12% Compensation Cess.

  • GST:

    GST Rates - HSN Code - Goods of man-made fibres (including those yarns of two or more monofilaments of Chapter 54) measuring more than 10,000 decitex are classifiable under heading 5607 as twine and attract 12% GST.

  • GST:

    GST Rates - HSN Code - goods of man-made fibres (including those yarns of two or more monofilaments of Chapter 54) measuring 10,000 decitex or less are Classifiable under Chapter 54 or 55 as yarn and attract 18% GST.

  • GST:

    GST Rates - HSN Code - Bangles of base metal, whether or not plated with precious metals, falls under tariff item 7117 19 10 and attract 3% GST.

  • GST:

    GST Rates - HSN Code - Glass bangles (except those made from precious metals) falling under heading 7018 are exempt from GST.

  • GST:

    GST Rates - HSN Code - Plastic bangles falling under heading 3926 are exempt from GST.

  • GST:

    GST Rates - HSN Code - Vegetables provisionally preserved (for example, by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions), but unsuitable in that State for immediate consumption are classifiable under heading 0711 and attract 5% GST - Thus, chilli soaked in butter milk with salt (mor milagai in Tamil) falls under 0711 and attracts 5% GST

  • GST:

    GST Rates - HSN Code - Roasted grams fall under heading 2106 90 and attract 12% GST.

  • GST:

    GST Rates - HSN Code - NCCD Shall continue to be levied on tobacco and tobacco products at the rate as applicable prior to 1st July, 2017 - Since NCCD is a duty of excise, the valuation for the purposes of charging NCCD Shall be as per the Central Excise Law read With the Valuation Rules under Central Excise Law.

  • GST:

    GST Rates - HSN Code - ‘Khakhara’ (traditional food) - Khakhra falls under “Narnkeens. bhujia, mixture, and chabena and similar edible preparations in ready for consumption form” which is classifiable under heading 2106 90 and attracts 12% GST.

  • GST:

    GST Rates - HSN Code - Raw and processed wood of Malaysia saal and Marandi wood - Wood in the rough, whether or not stripped of bark or sapwood or roughly squared, is Classifiable under heading 4403 and attracts 18% GST.

  • GST:

    GST Rates - HSN Code - Railway wagons are classifiable under heading 8606 and attract 5% GST. with no refund of unutilised ITC - used railway wagons also attract 5% GST.

  • GST:

    GST Rates - HSN Code - Woven fabrics of jute are classifiable under heading 5310 and attract 5% GST, with no refund of unutilised ITC

  • GST:

    GST Rates - HSN Code - jute bags - Sacks and bags, of a kind used for the packing of goods are classifiable under heading 6305 and attract 5% / 12% GST, depending on their sale value not exceeding or exceeding ₹ 1000 per piece.

  • GST:

    GST Rates - HSN Code - Goods of jute fibres measuring more than 20,000 decitex are classifiable under heading 5607 as twine and attract 12% GST.

  • GST:

    GST Rates - HSN Code - goods of jute fibres measuring 20,000 decitex or less are classifiable under heading 5307 as yarn and attract 5% GST.

  • GST:

    GST Rates - HSN Code - Sterilisation pouches are different than aseptic packaging paper - Sterilisation pouches fall under heading 3005 and attract 12% GST

  • GST:

    GST Rates - HSN Code - Electric accumulators, including separators therefor, whether or not rectangular (including square) fall under heading 8507 and attract 28% GST.

  • GST:

    GST Rates - HSN Code - GST on Procurement of raw cotton - Where the supply of raw Cotton is by an agriculturist to a registered person, GST will have to be paid by such registered parson on reverse charge basis.

  • GST:

    GST Rates - HSN Code - sugarcane procured by the sugar mills which is generally fresh and procured directly from the farm - Fresh or chilled sugarcane, falling under heading 1212, attracts Nil GST

  • GST:

    GST Rates - HSN Code - Hand Made Branded Biri - All biris attract 28% GST - In addition, handmade biris attract NCCD of Re, 1 per thousand. Machine made biris attract NCCD of ₹ 2 per thousand.

  • GST:

    GST Rates - HSN Code - Sabai Grass (a kind of grass used for making of rope, baskets. etc.) - Sabai grass is used as plaiting material and is classifiable under heading 1401 and attracts 5% GST.

  • GST:

    GST Rates - HSN Code - Sal Leaves which is used for making plates - classifiable under heading 0604 and attract Nil GST.

  • GST:

    GST Rates - HSN Code - Mohua flowers fall under heading 1212 and attract 5% GST.

  • GST:

    GST Rates - HSN Code - Sandesh, whether or not containing chocolate, attract 5% GST.

  • GST:

    GST Rates - HSN Code - Readymade garment - if a wholesaler supplies readymade garments for a transaction value of ₹ 950 per piece to a retailer, the GST chargeable on such readymade garments will be 5% - However, if the retailer sells such readymade garments for ₹ 1100 per piece, the GST chargeable on such readymade garment will be 12%

  • GST:

    GST Rates - HSN Code - Readymade garments of sale value not exceeding ₹ 1000 per piece attract 5% GST. Readymade garments of sale value exceeding ₹ 1000 per piece attract 12% GST. - The sale value referred to in the notification refers to the transaction value and not the retail sale price of such readymade garments

  • GST:

    GST Rates - HSN Code - Footwear having a retail sale price not exceeding ₹ 500 per pair [provided that such retail sale price is indelibly marked or embossed on the footwear itself] attracts 5% GST. - Thus retail sale price declared on the package is inclusive of GST. - The GST rate will be 18% if the RSP exceeds ₹ 500 per pair. - GST however, will be payable on the transaction value.

  • GST:

    GST Rates - HSN Code - Coconuts, fresh or dried, whether or not shelled or peeled fall under heading 0801 and attract Nil GST. As per the HSN Explanatory Notes, the heading excludes copra, the dried flesh of coconut used for the expression of coconut oil (1203) - Copra falls under heading 1203 and attracts 5% GST

  • GST:

    GST Rates - HSN Code - Isabgol husk falls 1211 and attracts 5% GST.

  • GST:

    GST Rates - HSN Code - Isabgol seeds fall under heading 1211. - Fresh isabgol seeds attract Nil GST. - Dried of frozen Isabgol seeds attract 5% GST

  • GST:

    GST Rates - HSN Code - Tobacco leaves falling under heading 2401 attracts 5% GST on reverse charge basis in respect of supply by an agriculturist.

  • GST:

    GST Rates - HSN Code - For GST rate of 5% tobacco leaves means leaves of tobacco as such or broken tobacco leaves or tobacco leaves stems

  • GST:

    GST Rates - HSN Code - Cartons, boxes and cases of corrugated paper or paper board, fall under heading 4819 and attract 12% GST - Folding cartons, boxes and cases, of non-corrugated paper and paperboard, falling under heading 4819 attract 18% GST under the residual entry S. No. 453

  • GST:

    GST Rates - HSN Code - Khoya/mawa being concentrated milk fall under 0402 and attracts 5% GST.

  • GST:

    GST Rates - HSN Code - Khari and hard butters fall under heading 1905 and attract 18% GST

  • GST:

    GST Rates - HSN Code - Hair rubber bands fall under heading 4016 and attract 28% GST

  • GST:

    GST Rates - HSN Code - Tamarind kernel falls under heading 1207 and attracts Nil GST.

  • GST:

    GST Rates - HSN Code - Tamarind(fresh) falls under 0810 and attract Nil GST. - Tamarind (dry) falls under 0813 and attract 12% GST.

  • GST:

    GST Rates - HSN Code - Battery for mobile handsets falls under heading 8506 and attracts 28% GST.

  • GST:

    GST Rates - HSN Code - Imported coal will attract GST compensation cess @ ₹ 400 per tonne.

  • GST:

    GST Rates - HSN Code - Prefabricated buildings, including portable and mobile toilets, fall under heading 9406 and attract 18% GST.

  • GST:

    GST Rates - HSN Code - Cotton seed oil cakes for use as aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed attract Nil GST - Cotton seed oil cakes for other uses attract 5% GST.

  • GST:

    GST Rates - HSN Code - Fresh areca nut / betel nuts fall under heading 0802 and attract Nil GST - Dried areca nut / betel nuts fall under heading 0802 and attract 5% GST

  • GST:

    GST Rates - HSN Code - Articles of marble [including those made of marble powder, stone and unsaturated resin] fall under heading 6802 and attract 28% GST [Hand Decorative Figurines and Hand Decorative Artefacts]

  • GST:

    GST Rates - HSN Code - Fabric 1.2 MT cut for pant and 2.5 MT cut for a shirt? - Specified fabrics attract 5% GST, whether or not in form of cut pieces.

  • GST:

    GST Rates - HSN Code - sale of Export Incentives Licences like MEIS, SEIS and IEIS - MEIS etc. fall under heading 4907 and attract 12% GST.

  • GST:

    GST Rates - HSN Code - Dog or cat foods fall under heading 2309 and attracts 18% GST under the residual entry S. No. 453.

  • GST:

    GST Rates - HSN Code - Wet dates fall under heading 0804 and attract 12% GST.

  • GST:

    GST Rates - HSN Code - Nail Polish [whether in large quantities say 50 to 100 litres or in retail packs] falls under heading 3304 and attracts 28% GST

  • GST:

    GST Rates - HSN Code - Puja samagri, including kalava (raksha sutra) attracts Nil GST. - Rakhi, which is in form of kalava [raksha sutra] will thus attract Nil GST. - Any other rakhi would be classified as per its constituent materials and attract GST accordingly.

  • GST:

    GST Rates - HSN Code - Soaps; organic surface active products and preparations for use and soaps, in form of bars, cakes, moulded pieces or shapes falling under heading 3401 [except 3401 30] attract 18% GST. - Other organic surface active products and preparations falling under sub-heading 3401 30 and organic surface active agents and preparations falling under heading 3402 attract 28% GST.

  • GST:

    GST Rates - HSN Code - Filters or Water Purifiers fall under heading 8421 and attract 18% GST.

  • GST:

    GST Rates - HSN Code - Sarees and dhoti - of Silk, Woven fabrics of silk sarees (HSN code 5007) - of Cotton, Of not more than 200 gsm (HSN code 5208) - of Cotton, Of more than 200 gsm (HSN code 5209) - of Manmade filaments yarn, Of any gsm (HSN code 5407 or 5408) - All attracts GST rate @5%

  • GST:

    GST Rates - HSN Code - Maize [of seed quality] fall under heading 1005 and attract Nil GST.

  • GST:

    GST Rates - HSN Code - Idli Dosa Batter (Wet Flour) [as food mixes] falls under heading 2106 and attracts 18% GST.

  • GST:

    GST Rates - HSN Code - Structures of iron or steel fall under heading 7308 and structures of aluminium fall under heading 7610 and attract 18% GST. - Solar Panel Mounting Structure, depending on the metal they are made of, will fall under 7308 or 7610 and attract 18% GST.

  • GST:

    GST Rates - HSN Code - Kulfi is classifiable under heading 2105 and attracts 18% GST.

  • GST:

    GST Rates - HSN Code - Lac or shellac bangles are classifiable under heading 7117 and attract 3% GST.

  • Income Tax:

    Entitlement to deduction u/s 35 (2AB) - expenditure incurred for its R&D Centre at Rohtak - approval was granted in 2015 - assessee claim the deduction since inceptin i.e. AY 2011-12 - DSIR directed to allow the claim - HC

  • Income Tax:

    Deductible / Exempted income u/s 10(29) - depreciation to be excluded from the income or not - irrespective of the provision in which the word ‘depreciation’ is used, owing to the very nature of the word, it is not a loss or an expenditure or a trading liability - not to be excluded - HC

  • Income Tax:

    Validity of reopening - Validity of notice u/s 148 when scrutiny assessment was made but same was annulled - doctrine of merger is not applicable - reopening of the case sustained - HC

  • Income Tax:

    Legal expenditure incurred by the assessee to defend the writ petitions filed to quash the Government notification and lease deed is not a capital expenditure and deduction is allowable revenue expenditure u/s 37 - HC

  • Income Tax:

    If the AO finds that the recipient-assesses, i.e., SAL was not liable to pay any tax during the relevant assessment year or has actually paid tax, the assessee cannot be held to be "assessee in default" merely for the reason that it has failed to deduct tax or has short deducted tax - HC

  • Income Tax:

    Interest on refunds u/s 244A - unpaid portion representing tax as well as interest - The assessee is entitled for interest on unpaid interest.

  • Income Tax:

    MAT computation u/s 115JB - unabsorbed depreciation adjustment - the brought forward loss or unabsorbed depreciation as per the books and as per the provisions of section 115JB of the Act.

  • Income Tax:

    Nature of receipt from the trust - distribution of surplus by the trust - as per scheme of assessment of private discretionary trust, the Department has to opt whether to assess the income in the hands of trust or beneficiaries.

  • Income Tax:

    Revision u/s 263 - tds credit issue non examination by AO - non examination of an issue by the AO renders the assessment erroneous and prejudicial to the interests of the revenue

  • Customs:

    Jurisdiction - power to allow refund of the warehousing charges - There is no provision in the CA or any other law that enabled the CESTAT to grant such a relief - HC

  • Customs:

    Classification of imported goods - CD Rom drive / CD-RW - CD Rom being distinguishable by its very existence in the CTH 84717090 from 84717060 - benefit of exemption not allowed.

  • Customs:

    Suspension of CHA licence - after more than a year of receipt of offence report proceedings against the CHA having been initiated, dehors the law, action of the authority shall be said to be an empty formality and shall not see the light of the day.

  • Customs:

    Benefit of Advance Licence - Mere availment of credit is not sufficient to invoke the provisions of section 111 of Customs Act, 1962. The goods could not have been held to be liable for confiscation without evidence of post-importation conditions having been breached

  • Service Tax:

    Refund claim - Rule 5 of CCR, 2004 - rejection on the ground that the appellants have not debited cenvat amount in their cenvat account before filing the refund claim - Belated debit cannot come in the ways of sanctioning the refund claim

  • Central Excise:

    Benefit of N/N. 64/95-CE dated 16.3.1995 - steel bars and rods were supplied to Vikram Sarabhai Space Centre (VSSC) - mere reliance of the appellant on the certificate of VSSC, shall not grant exemption from duty to the appellant.


Notifications


News


Case Laws:

  • Income Tax

  • 2017 (8) TMI 248
  • 2017 (8) TMI 247
  • 2017 (8) TMI 250
  • 2017 (8) TMI 246
  • 2017 (8) TMI 245
  • 2017 (8) TMI 244
  • 2017 (8) TMI 243
  • 2017 (8) TMI 242
  • 2017 (8) TMI 241
  • 2017 (8) TMI 240
  • 2017 (8) TMI 239
  • 2017 (8) TMI 237
  • 2017 (8) TMI 236
  • 2017 (8) TMI 235
  • 2017 (8) TMI 234
  • 2017 (8) TMI 249
  • 2017 (8) TMI 233
  • 2017 (8) TMI 232
  • 2017 (8) TMI 231
  • 2017 (8) TMI 230
  • 2017 (8) TMI 229
  • 2017 (8) TMI 238
  • 2017 (8) TMI 228
  • 2017 (8) TMI 227
  • 2017 (8) TMI 226
  • 2017 (8) TMI 225
  • 2017 (8) TMI 224
  • 2017 (8) TMI 223
  • Customs

  • 2017 (8) TMI 207
  • 2017 (8) TMI 206
  • 2017 (8) TMI 205
  • 2017 (8) TMI 204
  • 2017 (8) TMI 203
  • Corporate Laws

  • 2017 (8) TMI 200
  • Service Tax

  • 2017 (8) TMI 222
  • 2017 (8) TMI 221
  • 2017 (8) TMI 220
  • 2017 (8) TMI 219
  • 2017 (8) TMI 218
  • Central Excise

  • 2017 (8) TMI 217
  • 2017 (8) TMI 216
  • 2017 (8) TMI 215
  • 2017 (8) TMI 214
  • 2017 (8) TMI 213
  • 2017 (8) TMI 212
  • 2017 (8) TMI 211
  • 2017 (8) TMI 210
  • 2017 (8) TMI 209
  • 2017 (8) TMI 208
  • CST, VAT & Sales Tax

  • 2017 (8) TMI 202
  • 2017 (8) TMI 201
  • Indian Laws

  • 2017 (8) TMI 198
 

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