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Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others

Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of ... Read More »

Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates

Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council. In a majority of supplies of goods, the ... Read More »

Indian Oil steps up efforts to ensure convenience to Dealers and Customers on Daily Price Revision of Petrol and Diesel

Indian Oil steps up efforts to ensure convenience to Dealers and Customers on Daily Price Revision of Petrol and Diesel Bhubaneswar / Mumbai 14 (By Debabrat Mohanty) :- Indian Oil Corporation Ltd., nation’s largest fuel retails has stepped up efforts to provide information on daily price revisions through various means including LED screens at petrol pumps, toll free number, social ... Read More »

GSTN holds a Review Meeting with GST Suvidha Providers

GSTN holds a Review Meeting with GST Suvidha Providers (GSPs) to Assess Readiness for GST roll-out from 01st July, 2017; GSPs advised to continue to visit the GSP ecosystem webpage on the GSTN website (www.gstn.org/ecosystem) for all information, latest updates and guidelines. GSTN called a meeting with all the GST Suvidha Providers (GSPs) at their office at Aero City in ... Read More »

GST Outreach Programme in Bhubaneswar ; GST will achiive conomic Integration of India:Finance Minister Sri Behera

GST Outreach Programme in Bhubaneswar :GST will achive economic Integration of India:Finance Minister Sri Behera Bhubaneswar .9th June 2017 ( By Debabrat Mohanty) GST will achieve economic integration of India, said Sri Shashi Bhusan Behera,Minister, Finance & Excise here. Sri Behera said the new Goods & Services Tax system seeks to put in place a simper, technology driven tax regime which facilitates ... Read More »

The Central Government abolished various Cesses in the last three years for smooth roll-out of GST

The Central Government abolished various Cesses in the last three years for smooth roll-out of GST The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017. The ... Read More »

CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply.

CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply. Section 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amendment by Finance Act, 2017 provided that the income arising by way of a transfer of long term capital asset, being equity share in ... Read More »

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