HC : ‘Freight’ cost for imported goods assessment cannot exceed 20% of FOB value
HC holds that Customs authorities cannot add more than 20% of FOB value as ‘freight charges’ to arrive at assessable […]
Important Pronouncements
Important Pronouncements
Assessee was entitled to transfer credit lying unutilized in unit purchased with all assets & liabilities
Section 16 of the Central Goods and Services Tax Act, 2017/Rule 10 of the Cenvat Credit Rules, 2004 – Input tax credit –
GST Recent News, News
India must fully implement GST to avoid tax revenue underperformance: IMF
India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new
News
CBIC urges early settlement of disputes by utilizing settlement Commission window
The Central Board of Indirect Taxes and Customs urges use of Settlement Commission scheme for early settlement of disputes. Notes
GST Recent News, News
Promoting foreign varsities not an export, to incur GST
The Authority for Advance Rulings (AAR) has held that services performed by Global Reach Education Services, which promoted courses of foreign universities among
Newsletter
Maharashtra: E- way bill applicable for Intra-state movement of goods w.e.f. May 1, 2018
E-way bill shall be required to be generated with effect from May 1, 2018, for the Intra-State movement of goods
GST Recent News, News
Modi led GoM finalises new model for GST return filing
A ministerial panel, chaired by Sushil Modi, today worked out a new simplified model for GST return filing as per which credit
GST Recent News, News
Provisional credit issue a hurdle to simplifying GST; Council to take call
A goods and services tax (GST) ministerial panel on Tuesday failed to arrive at a consensus on simplified GST returns due to
GST Recent News, News
UP falls short of GST mop-up target other revenue departments too falter
Contrary to initial expectations and estimates, Uttar Pradesh appears to have faltered on Goods and Services Tax (GST) revenue realisation
GST Recent News, News
E-way bill for intra-state movement of goods: Six more states, next phase from April 20
The government will launch the next phase of e-way bill for intra-state movement of goods for six states —Bihar, Haryana,