GST issues being addressed: Teaotia
All issues being faced by exporters with regard to the Goods and Services Tax (GST) are being addressed, Rita Teaotia, […]
GST Recent News, News
Notifications and Circulars
Clarification regarding processing of refund applications for UIN agencies
Circular No. 43/17/2018-GS F.No. 349/48/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and
Notifications and Circulars
Procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances
Recently, the CBIC has issued the below mentioned Circular, clarifying the various procedures for interception of conveyances, etc. in the
Important Pronouncements
Clarification regarding procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit
The Central Board of Indirect Taxes and Customs, inter-alia, lays down procedure for recovery of central excise duty / service
GST Recent News, News
GST eats into revenues of municipalities
Entertainment taxes of GHMC and other municipal bodies go to Centre Major municipalities in the State, including the Greater Hyderabad
GST Recent News, News
Life insurers call for a lower GST rate of 12%
Life insurance firms have pitched for a lower Goods and Services Tax (GST) rate of 12 per cent on the
GST Recent News, News
Need GST rationalisation, lower slabs: New CII chief Rakesh Bharti Mittal
Laying down Confederation of Indian Industry’s (CII) agenda 2018-19, the trade body’s newly-appointed president Rakesh Bharti Mittal said that rationalising
Important Pronouncements
Sale of goods procured from one country & supplied to another directly doesn’t attract IGST: AAR
IGST : Goods are liable to IGST when they are imported into India and IGST is payable at time of
GST Recent News, News
Food in mess/canteen of educational institution to attract 5% GST
Food and drinks in a mess or canteen of an educational institution would attract 5 per cent GST, the finance
Notifications and Circulars
DGFT launches facility to check status of Importer Exporter Code (IEC)
Directorate General of Foreign Trade (DGFT) vide Trade Notice No. 02/2018-19 dated April 11th, 2018 launched facility to check status