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News – 18 November 2019

 

 

What's New...

 

Nearly 26 lakhs GST Registered are Non-filers of GSTR 3B Returns, May Face Cancellation of Registration

·     CBIC Asks Commissioners to Take Action on Errants by 25 Nov

India Hosts KPCS (Kimberley Process for Diamond Origin) Plenary 2019 on 18 to 22 Nov’2019

 

16.11.2019

Oct Exports Fall by 1.11 percent, Imports Decline Showing Slow Down in Economy

·     FIEO Complains of Hold up in MEIS Disbursal Drawback too affected as Liquidity Dries up in Government System

·    FIEO Calls for Action on MEIS and Drawback and GST Refund

Tariff Value of Crude and RBD Palm Oil, Palmolein, Crude Soyabean Oil, Brass Scrap; Gold and Silver; Arecanut and Poppy Seeds Released

Last Date for GST Returns in J&K Extended

Legal Changes in GST Rules for Form 9 and 9C (Annual Returns) Released

Seeks to extend the due date for furnishing FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover of up to 1.5 crore rupees for the quarter July, 2019 to September, 2019

Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Seeks to carry out Seventh amendment (2019) in the CGST Rules, 2017. [Primarily related to Simplification of the Annual Return / Reconciliation Statement]

 

15.11.2019

Gold (37%) and Silver (33%) Jewellery and Articles DBK Rates Upped

·       Gold – Rs. 372.9 per gram of net gold content from Rs. 272 per gram of net gold content (.995 or more purity) in the jewellery

·      Silver – Rs. 4332.2 per kg of net silver content from Rs. 3254 per kg of net silver content (.999 purity) in the jewellery

BRICS Business Council Created A Roadmap to Achieve $ 500 billion Intra-BRICS Trade Target by the next Summit, says PM Modi

·       PM requests BRICS Countries and NDB to Join Coalition for Disaster Resilient Infrastructure Initiative

·      PM Modi Participates in Leaders Dialogue with BRICS Business Council and New Development Bank

India to Host the 8th International Conference on Agricultural Statistics in New Delhi from 18 to 21 Nov’2019

·      Union Agriculture Minister Narendra Singh Tomar to inaugurate the event and Bill Gates to be the Chief Guest

Norms of Aadhaar KYC are Eased, not of the Change of Address in Aadhaar

Racket of Issuance of Fake Invoices Involving GST of Rs 22 crores Busted

SANITARY AND PHYTOSANITARY MEASURES

SPS Committee Addresses New Trade Concerns, Hears Update on Transparency

 

 

 

Released on 15 Oct 2019

Amendments and Changes Since
Budget 2019

From 7 July to 10 October 2019

BIG’s Easy Reference VOL I
Customs Tariff
with IGST, Import Policy, FTA

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BIG’s Easy Reference VOL III
Customs Manual
with Customs Act, e-SANCHIT, 12 NTBs

Author: Arun Goyal

ISBN: 978-81-86234-69-3

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Released on 9 July 2019

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  $250

 

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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

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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  $120

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Last Updated on 18-11-2019