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The Dollar Business

GST notification doesn't end Govt's power to levy excise - 0 views

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    There has been this confusion over the Amendment of Entry 84 of the Union List following which the Centre can levy excise only on petrol, natural gas, crude petroleum, high-speed diesel. The Finance Ministry clarified with a notification saying there is 'no legal infirmity' in the notifications issued by the Govt with regard to the GST Constitution Amendment Act.
The Dollar Business

CBEC notifies to set up CCFC for Land Customs Stations, ICDs - 0 views

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    For expeditious clearance and identifying and resolving bottlenecks of imported and export goods, the Central Board of Excise and Customs (CBEC)via circular no.-44/2016-CUSTOMS Dated 22nd September, 2016 has notified to set up Customs Clearance Facilitation Committee (CCFC) for Land Customs Stations and Inland Container Depots (ICDs) at Amritsar, Patna, Kolkata and Shillong.
The Dollar Business

Govt cracking down on illegal sales by jewellers in the last 4 days - 0 views

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    After receiving information that some jewellers had resorted to illegal transactions by selling gold to tax evaders who wanted to dispose off their unaccounted wealth, the central excise department got cracking on them. It has asked many jewellers to give a detailed account of the stock and sales made by them in the past four days.
The Dollar Business

Every retailer will now have a POS machine - 0 views

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    With the Government aiming to drastically reduce cash transactions in the country with its recent move to demonetise currency notes of Rs.500 and Rs.1,000, and with the recent announcement by the Government to exempt central excise duty on Electronic Data Capture Machine (EDC) or Point of Sale (POS) machines, retailers big or small will now have to shift to accepting plastic money in their daily transactions.
Ajay Kumar

Rate of exchange of conversion of the foreign currency with effect from 22nd July, 2016 - 0 views

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    In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.96/2016-CUSTOMS (N.T.), dated 06th July, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22nd July, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
The Dollar Business

Duty drawback under GST to undergo sweeping changes - 0 views

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    The Central Board of Excise and Customs (CBEC) has called for inputs on duty drawback rates from Export Promotion Councils and other top-tier industry bodies. Just like every other year, major stakeholders are to send across their views on the crucial refund mechanism for exporters. But unlike every other year, this exercise must consider the disruptive effects of the new GST regime on exporters
The Dollar Business

Cabinet greenflags amendments for cess removal ahead of GS - 0 views

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    The Union Cabinet today approved amendments in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST.
anonymous

Finance Minister Justifies Hikes in Duties on Petro-Products - 0 views

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    Finance Minister Pranab Mukherjee on Thursday justified the hike in excise and customs duties on crude oil and petroleum products because of the global situation and said he had taken a "correct" stand by not touching retail prices.
anonymous

ASSOCHAM urges govt for export incentives - 0 views

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    Ahead of the unveiling of the new foreign direct investment (FDI) policy, industry lobby ASSOCHAM has urged the government to remove excise and local levies on exports and set an achievable shipment target for the next fiscal.
lexplosion

CBIC now allows labelling and packing etc to fulfil statutory compliance requirement in... - 0 views

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    Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No.03/2019-Customs dated 31st January, 2019 to modify Circular No. 38/2018-Customs dated 18th October, 2018 to the extent, to allow the trade and industry to undertake certain operations such as Labelling/packing requirements etc. to fulfil a statutory obligation under legislations pertaining to legal metrology, FSSAI, DGFT, State Excise laws etc. in all Customs Bonded Warehouse without the requirement of taking permission under Section 65 of the Customs Act,1962.
lexplosion

Further extension in due date for submission of Haryana VAT return for the quarter endi... - 0 views

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    Excise and Taxation Department-Government of Haryana has issued an Order No. 423 dated 15th February, 2019 to further extend the due date for filing online quarterly VAT returns for the third quarter ending 31.12.2018 for the Year 2018-19 from 15th day of February, 2019 to 5th day of March, 2019.
rnclawassociates

Best goods and services tax Consultants in Indore - 0 views

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    We feel immense pleasure to introduce ourselves as country's one of a leading Consultancy & Legal firm in the GST, Service Tax, Central Excise, Customs, Foreign Trade Policy & Allied Laws.
The Dollar Business

Duty Drawback Scheme and GST - 0 views

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    The Duty Drawback Scheme introduced for incentivizing and facilitating exports has been continued under the GST regime. This drawback scheme is an export beneficiation where either a part, or in some cases the entire customs and central excise duties levied on inputs used in manufacturing export goods and Service tax on services used for export of such goods are refunded by the Central Government to the exporter.
Ajay Kumar

What is GST? Know Important Fact about Goods and Services Tax Law - 0 views

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    The Goods and Service Tax (GST) is a single consolidated indirect tax which is all set to be launched on July 1, 2017 to remove tax barriers between states and create a single market. It has been finalized and introduced by GST council headed by Arun Jaitley who is the finance minister of India. It will work as a single tax and absorb all other indirect taxes including central excise duty, services tax, additional customs duty, surcharges, state-level value added tax (VAT). It is going to be imposed on all transactions happen during the entire manufacturing chain such as sale, transfer, purchase, barter, lease, or import of goods and/or services.
bloggerent

India also counterattacked! India announced to impose tariffs on 30 U.S. goods - 0 views

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    The Indian government has suspended tariff concessions on 30 imports of goods from the United States as a response to the United States' tariffs on steel and aluminum imports from India. goods include motorcycles, certain steel products, boric acid and lentils, with a duty value of approximately 240
simply-solved

Reduction of tax administrative penalties & amnesty - 0 views

We might want to sum up the new updates delivered by the Federal Tax Authority (FTA) concerning certain critical revisions to the current tax legislation in the UAE. The new updates ...

registration in uae login dubai VAT Advisory

started by simply-solved on 15 Jul 21 no follow-up yet
Simply Solved

A Complete Guide for VAT Registration on UAE FTA (Federal Tax Authority) - 0 views

Now we will discuss how to file a VAT online, and it will help you to register your company first and of course to move forward how to fill the form on how to submit your return. That is what ...

vat registration in uae login dubai law how to register online verification return fta certificate

started by Simply Solved on 02 Nov 20 no follow-up yet
simply-solved

Tax Consultant, Tax Agent and Tax Agency Services in Dubai - 0 views

Tax Consultant Taxation As Part of the G.C.C. And signatory of the Unified VAT Agreement, the U.A.E. gave the Federal Decree-Law no. (8) Of 2017 on Value Added Tax (VAT) and its Executive Regulat...

Agent Consultant Services Ageny in Dubai Online tax

started by simply-solved on 21 Oct 20 no follow-up yet
Simply Solved

A Complete Guide for VAT Registration on UAE FTA (Federal Tax Authority) - 0 views

Now we will discuss how to file a VAT online, and it will help you to register your company first and of course to move forward how to fill the form on how to submit your return. That is what ...

vat registration in uae login dubai law how to register online verification return fta certificate

started by Simply Solved on 09 Aug 20 no follow-up yet
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