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What's New...
CBIC Launches Micro web site in the InvestIndia.gov.in
website to help Sec.65 Manufacture under Bond
Rupee Falls by 15 paise against
Dollar, Pegged at Rs. 72.30 w.e.f.
18 Oct’ 2019
New Rules of Origin
Initiative to Help Firms Better Utilize Trade Preferences
· Rules of Origin Facilitator provides firms with free
access to a unique searchable database on duty savings in trade agreements
WTO General Council Elects Bakhyt
Sultanov of Kazakhstan as Chair for MC12
CBIC Clarifications on GST Rates and Classification on
-
·
Classification of leguminous vegetables when subject
to mild heat treatment (parching)
·
Classification and applicable GST rate on Almond
Milk
·
Applicable GST rate on Mechanical Sprayer
·
Clarification regarding taxability of imported
stores by the Indian Navy
·
Clarification regarding taxability of goods imported
under lease
·
Applicability of GST rate on parts for the
manufacture solar water heater and system
· Applicability of GST on the parts and accessories
suitable for use solely or principally with a medical device
Scope of
Support Services to Exploration, Mining or Drilling of Petroleum Crude or
Natural Gas or Both” at Sr. No. 24 (ii) of heading 9986 – CBIC Clarification
·
Scope of the entry at Sr. 24 (ii) under heading 9986
of Notification No. 11/2017- Central Tax (Rate)
dated 28.06.2017 shall be governed by
the explanatory notes to service codes 998621 and 998622 of the Scheme of
Classification of Services.
·
Scope of the entry at Sr. No. 21 (ia) under heading 9983 of Notification
No. 11/2017- Central Tax (Rate) dated 28.06.2017 inserted with effect from 1″ October 2019 vide
Notification No. 20/2019- CT(R) dated
30.09.2019 shall be governed by the
explanatory notes to service codes 998341 and 998343 of the Scheme of
Classification of Services.
· The services which do not fall under the said
entries under heading 9983 and 9986 of the said notification shall be
classified in their respective headings and taxed accordingly.
GST on
Airport Levies
·
Airline acting as pure agent of the passenger should
separately indicate actual amount of PSF and UDF and GST payable on such PSF
and UDF by the airport licensee, in the invoice issued by airlines to its
passengers. The airline shall not take ITC of GST payable or paid on PSF and
UDF. The airline would only recover the actual PSF and UDF and GST payable on
such PSF and UDF by the airline operator
·
The airport operators shall pay GST on the PSF and UDF
collected by them from the passengers through the airlines. Since, the
airport operators are collecting PSF and UDF inclusive of ST/GST, there is no
question of their not paying ST/GST collected by them to the Government
No GST Leviable on Gift or
Donation is made to a Charitable Organization, the Payment has the Character
of Gift or Donation and the purpose is Philanthropic (i.e. it leads to no
Commercial Gain) and not Advertisement
All Duties etc Collected as a
Duty of Customs or Excise can be Claimed in Brand Rate of Drawback
RCF Designated as STE for Urea Import
· Free Import of Urea allowed for
Non-agriculture/Industrial User/NPK Manufacturing
·
AU Condition Removed
Only Indian National Flag Code Specification Ship
Allowed for Import
Inclusion of
Cesses,
Surcharge, Duties, Levied and Collected
under Legislations other than Customs Act, 1962, Customs Tariff Act, 1975 or Central Excise Act, 1944 in Brand Rate of
Duty Drawback
– CBIC Clarification
GST on License Fee Charged by State Govt
for Grant of Liquor Licences to Vendors
TRU Clarification on Effective Date of Explanation
Inserted in Notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi)
CBIC clarification on Whether Supply of Securities
under Securities Lending Scheme, 1997 by the Lender is Taxable
Determination of Place of Supply in case of Software/Design
Services related to Electronics Semi-conductor and Design Manufacturing
(ESDM) Industry
GST Exemption to DG Shipping Approved Maritime Courses by Maritime Training Institutes of India
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Released
on 9 July 2019
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BIG’s Easy Reference Vol. I
Customs Tariff
With IGST, Import Policy, FTAs
43rd
Budget Edition
July 2019
Author: Arun Goyal
ISBN: 978-81-86234-67-9
Rs. 2190
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BIG’s
Easy Reference Vol. II
Foreign Trade
Policy
3rd
Budget Edition July 2019
Author: Arun Goyal
ISBN: 978-81-86234-68-6
Rs. 1250
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BIG’s
Easy Reference Val. III
Customs Manual
July 2019
Author: Arun Goyal
ISBN: 978-81-86234-65-5
Rs. 850
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