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What's New...
Urad and Moong Dal Import
Restricted subject to Annual Quota of 2 lakh MT
Anti-dumping Duty Imposed on Tempered Glass from China
Last Date for
Payment of GST and Filing of Return for July 2017 Extended by 5 Days
Jaitley Urges States to Reduce Burden of Value Added Tax on
Petroleum Products Used for Manufacturing
Web Based System for Online Processing of Application
for ICD/CFS/AFS
Requirement of Bank Certificate Evidencing Receipt of
Payment in Freely Convertible Currency for Export to Bhutan for specified
Hydroelectric Projects
There are Rumours Floating Around that the Last Date
for Payment of GST and Filling of Return in FORM 3B is being Extended by a
Week
· These Rumours are Unsubstantiated
· There is no Change in the Last Date for Payment of GST
as per the Self-Assessed Liability
· However for Taxpayers who want to Claim Transitional
Credit the Time Period for only Filing of Return in FORM3B is Extended by One
Week
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However even those Taxpayers will Settle Self-Assessed
Liability (after Adjusting Transitional ITC) of GST by 20th August
Transitional Credit for GST Clarification
Amendments in Central Goods and Service Tax Rules, 2017
Re-export after Contract Execution
Gold and Silver Jewellery Drawback Rates Revised
Eggs and Pulses Export Quota to Maldives for 2017-18
Period Notified
8 Carats and upto a Maximum
Limit of 22 Carats Gold Jewellery (Plain or Studded) Export from DTA, EOU and
Tech Parks Allowed
Uttar Pradesh Circular on E Way Bill
Uttar Pradesh Notification for Tax Rate of Diesel oil
and Natural Gas
E-way Permit Exemption
Rupee Falls 60 Paisa against Dollar to Rs. 65.15 w.e.f. 18 August 2017
Cabinet Approves MoU between
India and Sweden on IPRs
Cabinet Approves Scheme of Budgetary Support under GST
Regime to Units Located in North Eastern States, J&K, HP
Guidelines for Provisional Release of Seized Goods
Cases under Section 110A of Customs Act, 1962
Tariff Value on Gold, Silver, Brass Scrap, Palm Oil and
Palmolein
Excise Procedure for Granting Duty Rebate
Import Shoot Up 15% in July, Exports Rise only 4%
Issuance and Use of Form C under the Central Sales Tax
Act, 1956
Karnataka Notification Date for filing of outward
supplies in FORM GSTR-1, inward supplies in FORM GSTR-2, GSTR-3 & GSTR-3B
for months of July & August
Telangana Notification for e-Way Bill
Bamboo Certification of Origin for Exports
Safeguards to Control Sudden Rise in Imports under
India-Korea CEPA (Safeguard) Rules, 2017 Notified
Sandeep Mohan Bhatnagar Appointed DG Safeguards
Opal Glassware from China and UAE – Anti-dumping duty
Slashed in Sunset Review
Review Cases of Commissioner Orders by Chief
Commissioner as First Link Officer
Tur Dal Import Restricted Subject to Annual Quota of 2
lakh MT
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Importers Left in the Lurch as Pending Shipments
(Other than LC) Face Clampdown
Red Sanders Import Prohibited
Cigarettes Subject to 2017 Packing Rules
No Hike in Compensation Cess for Motor Vehicles Now,
Act to be Amended to Raise Cess Ceiling to 25%
Address Change for Approved Agencies of Origin
Certification
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TALLY FOR GST
BIG’s
Easy Reference
GST Rates on Goods and Services
2nd
Edition
Author: Arun Goyal
ISBN: 81-86234-57-8
Rs. 1440
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Highlights
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Rates for Goods in Slabs of 0%, 5%, 12%, 18%, 28%
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Goods Universe – Full 8 Digit HS Code with Schedule of Rates
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Compensatory Cess Rates on Goods
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Service Tax Rates with Exemptions and Reverse Charge and ITC
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Services Universe – Full UN (Adopted) Service Code with Schedule of
Rates
·
Index of HS Codes for Goods
· Index of
Service Tax Codes
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Rupee Falls 60 Paise
against Dollar to Rs. 65.15 w.e.f.
18 August 2017
[Customs
Notification No. 81 (Non Tariff) dated 17th August 2017]
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Schedule-I
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SNo.
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Foreign Currency
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Rate of exchange of one unit of foreign currency equivalent to
Indian rupees
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(1)
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(2)
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(3)
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(a)
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(b)
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(For Imported Goods)
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(For Export Goods)
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1.
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Australian Dollar
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51.30
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49.50
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2.
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Bahrain Dinar
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176.45
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164.80
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3.
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Canadian Dollar
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51.20
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49.55
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4.
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Chinese Yuan
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9.80
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9.45
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5.
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Danish Kroner
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10.35
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9.95
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6.
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EURO
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76.70
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74.10
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7.
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Hong Kong Dollar
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8.35
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8.10
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8.
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Kuwait Dinar
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220.35
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205.80
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9.
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New Zealand Dollar
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47.40
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45.70
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10.
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Norwegian Kroner
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8.25
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7.95
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11.
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Pound Sterling
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84.20
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81.35
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12.
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Qatari Riyal
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18.10
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17.10
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13.
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Saudi Arabian Riyal
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17.70
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16.60
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14.
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Singapore Dollar
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47.80
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46.25
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15.
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South African Rand
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5.00
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4.65
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16.
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Swedish Kroner
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8.10
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7.80
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17.
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Swiss Franc
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67.30
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64.90
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18.
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UAE Dirham
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18.10
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16.95
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19.
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US Dollar
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65.15
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63.45
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Schedule-II
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SNo.
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Foreign Currency
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Rate of exchange of 100 units of foreign currency equivalent to
Indian rupees
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(1)
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(2)
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(3)
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(a)
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(b)
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(For Imported Goods)
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(For Export Goods)
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1.
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Japanese Yen
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59.10
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57.10
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2.
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Kenya Shilling
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64.10
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59.90
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[F.No.468/01/2017-Cus.V]
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