Daily Archives: August 2, 2017

GST Law & Practice : A Section wise Commentary on GST : July 2017 Edition : Shweta Jain

By | August 2, 2017

GST Law & Practice -A Section-wise Commentary on GST July 2017 Edition A Section-wise Commentary on Goods and Service Tax Price Rs 1590 Click to buy online Edition : 2017 Edition Date of Publication : July 2017 ISBN No.:9789386635587 Binding : Paperback No. Of Pages : 1136 Weight (Kgs) : 1.21 View Contents of this book : GST Law & Practice… Read More »

Category: GST

Exporter can claim higher duty drawback on self declaration basis : CBEC Circular No 32/2017 Customs Dated 27th July 2017

By | August 2, 2017

Circular No 32/2017 Customs Dated 27th July 2017 Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release… Read More »

Increase in number of Income Tax payers after demonetisation 

By | August 2, 2017

Increase in number of Income Tax payers after demonetisation  The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 crore returns were filed as compared to 1.63 crore returns filed during corresponding period of FY 2015-16 and 1.23 crore returns filed during corresponding period of FY 2014-15.… Read More »

11 Lakh PAN card deactivated by Income Tax Department

By | August 2, 2017

Mandating Aadhaar linkage to PAN cards  Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective of one PAN to one assessee it is required to… Read More »

IGST on High Sea Sale of Imported Goods : CBEC Circular No 33/2017 Cus Dated 1st August 2017

By | August 2, 2017

Circular No 33/2017 Cus Dated 1st August 2017 Reference has been received in the Board regarding clarity on Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods. 2. The issue has been examined in the Board. ‘High Sea Sales’ is a common trade practice whereby the original importer sells the goods to a third person before the… Read More »

No refund of GST ITC on Iron Ore export

By | August 2, 2017

  Question : As per Section 54 (3), it is clear that no refund of ITC will be available for export in the cases where product is subject to export duty. Iron Ore export is subjected to export duty. In the earlier regime, the exporters were allowed to take refund of service tax paid on exports. Will… Read More »

Category: GST