Daily Archives: July 20, 2018

10% GST on Truck mounted cranes being special purpose motor vehicles; HARYANA AAR

By | July 20, 2018

The applicant has submitted that they buy readymade trucks say Ashok Leyland, TATA, etc. Such Trucks and Lorries which are meant for transport of goods are covered under chapter heading 8704. Accordingly, classification of the impugned goods under heading 8426 is ruled out, as because the trucks being purchased/used by the applicant for manufacturing truck… Read More »

No GST on Frozen meat sold in packaged form : Haryana AAR

By | July 20, 2018

the phrase ‘unit container’ means a package, whether large or small (for example tin, can, jar, box, bottle, bag, carton, drum, barrel or canister) designed to hold a pre-determined quantity or number, which is indicated on such package.’  It is the case of the applicant that they supply to Army sheep/goat meat in carcasses of… Read More »

Depreciation can be claimed on goodwill : ITAT

By | July 20, 2018

IN THE ITAT SPECIAL BENCH, NEW DELHI CLC & Sons (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle- 3 (1), New Delhi G.D. AGRAWAL, PRESIDENT R.S. SYAL, VICE-PRESIDENT AND BHAVNESH SAINI, JUDICIAL MEMBER IT APPEAL NO. 1976 DELHI OF 2006 [ASSESSMENT YEAR 2001-02] JULY  19, 2018 Rohit Jain, Adv. Deepesh Jain and Mrs. Meenal Goyal, CA’s for the Appellant. Vijay Varma for the… Read More »

CBIC Special instructions to PAO regarding GST Refunds : Dated 19.07.2018

By | July 20, 2018

CBIC Special instructions to PAO regarding GST Refunds CBIC has issued the Advisory No. 2  No Pr.CCA/CBEC/GST-IT/e-PAO Refund/33/2017-18/263 Dated 19.07.2018 on GST refunds. The nodal officer shall authenticate the sanction order for GST refunds. The process of review of sanction should be completed on same day or at the most by next day. Further, it… Read More »

7.6% interest rate of deposit made under special deposit scheme w.e.f 01.07.2018 to 30.09.2018 : Notification

By | July 20, 2018

Govt. has announced 7.6% interest rate of deposit made under special deposit scheme for non-government provident, superannuation and gratuity fund. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 17th July, 2018 F.No.5(4)-B(PD)/2018.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced… Read More »

New GST News 20.07.18

By | July 20, 2018

New GST News 20.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Circular 21/2018 Customs : Help Desks setup for IGST Refund on Export of Goods Third Refund fortnight for IGST Refund : Instructions to Chief Commissioners Circular No 22/2018 Customs : Rectification facility to Shipping Bills extended till 30.06.18… Read More »

Third Refund fortnight for IGST Refund : Instructions to Chief Commissioners

By | July 20, 2018

LETTER D.O.F. NO.450/119/2017-CUS-IV FROM PRANAB KUMAR DAS, SPECIAL SECRETARY & MEMBER, CBIC,DATED 16-7-2018 As you are aware, two special refund fortnights were organized one in the month of March, 2018 (15th to 31st March, 2018) and second one in June, 2018 (31st May to 16th June, 2018) to clear the pending GST refunds. However, the… Read More »

Circular 21/2018 Customs : Help Desks setup for IGST Refund on Export of Goods

By | July 20, 2018

Circular 21/2018 Customs summary of Circular 21/2018 Customs Setting up of Help Desks for Refund of IGST on export of Goods on payment of duty- Read Circular 21/2018 Customs F. No: 450/119/2017-CusIV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Room No. 227B, North Block, New Delhi… Read More »

Interest rates for Small Savings Schemes for Q2 of financial year 2018-19

By | July 20, 2018

Interest rates for Small Savings Schemes RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19 July 19, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated July 2,… Read More »

Speed Limit on National Highways

By | July 20, 2018

Ministry of Road Transport & Highways Speed Limit on National Highways Posted On: 19 JUL 2018 6:47PM by PIB Delhi The Government has notified S.O. 1522 (E) dated 6th April, 2018 fixing maximum speed of motor vehicles in kilometres per hour on different categories of roads:- Maximum speed per hour in kilometers on roads in India… Read More »

Revised Pension to Sportspersons w.e.f 01.04.2018

By | July 20, 2018

Ministry of Youth Affairs and Sports Pension to Sportspersons Posted On: 19 JUL 2018 5:18PM by PIB Delhi Minister of State (Independent Charge) for Youth Affairs and Sports Col. Rajyavardhan Rathore has said that government gives lifelong pension under the Scheme of ‘Pension to Meritorious Sportspersons’, sportspersons who have won medals for the country in… Read More »