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Circular-33/2017 customs: High sea sales

circular-33/20177 customs   circular-33/2017 to decide the taxation of high sea sales in GST. The text of circular is following: Subject: Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg. Reference has been received

Disposal of first appeal on payment of 15%

Instruction No. 1914 dated 21.3.1996 contains guidelines issued by the Board regarding procedure to be followed for recovery of outstanding demand, including procedure for grant of stay of demand. Vide O.M. N0.404/72/93-ITCC dated 29.2.2016 revised guidelines were issued in partial modification of instruction No 1914, wherein. inter

When filing of income tax return is mandatory

When filing of income tax return is mandatory Every individual or HUF whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to incometax is obligated to furnish his return of income. The deductions

sec 16 IGST to apply on compensation also

sec 16 IGST to apply on compensation also sec 16 IGST to apply on compensation also. Circular no. 1/1/2017 provide that provisions related to Zero rated supply will be applicable on compensation cess also. Text of Circular is reproduced here: Subject: Clarification regarding applicability of