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Home e-Newsletters Index Year 2017 December Day 30 - Saturday

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TMI Tax Updates - e-Newsletter
December 30, 2017

Case Laws in this Newsletter:

GST Income Tax Customs Corporate Laws Insolvency & Bankruptcy Service Tax Central Excise CST, VAT & Sales Tax Indian Laws



Articles


News


Notifications


Circulars / Instructions / Orders


Highlights / Catch Notes

    GST

  • Restriction of refund - Recipient of goods under Deemed export scheme or under payment of tax @0.1% IGST (or @0.05 % CGST + @0.05 SGST) for use in export shall not be allowed to pay IGST on export goods or services and claim refund of IGST so paid. - Rule 96 amended - See Sub-Rule (9)

  • Refund of tax to certain persons - Rule 95 as amended

  • Refund of input tax credit - zero-rated supply of goods or services or both - Even the cases, where person supplying on Deemed export basis has paid the tax @0.1% IGST (or @0.05 % CGST + @0.05 SGST) refund shall be allowed - Rule 89 amended - See Sub-Rule 4B

  • Refund of input tax credit - zero-rated supply of goods or services or both - Even the recipient of Deemed Export Goods shall be eligible for refund - Rule 89 amended - See Sub-Rule 4A

  • Refund of input tax credit in case of zero-rated supply of goods or services or both - Rule 89 amended - See Sub-Rule 4

  • Amendment of registration shall not be be effective from a date earlier than the date of submission of the application in FORM GST REG-14, except with specific permission - Rule 19 as amended - - See Sub-Rule 1A

  • Unique Identity Number assigned to to certain special entities shall be applicable to the territory of India - Rule 17 as amended - See Sub-Rule 1A

  • Filing of Returns under GST- regarding

  • The Central Goods and Services Tax (Fourteenth Amendment) Rules, 2017

  • Notifies the date (1st day of February, 2018) from which E-Way Bill Rules shall come into force

  • Partially waiver of the late fee payable for failure to furnish the return in FORM GSTR-4

  • Extends the due dates for monthly furnishing of FORM GSTR-1 for taxpayers with aggregate turnover of more than ₹ 1.5 crores

  • Extends the due dates for quarterly furnishing of FORM GSTR-1 for taxpayers with aggregate turnover of upto ₹ 1.5 crore

  • Scheme of budgetary support for cash component of CGST and IGST for eligible industrial units for residual period in States of North Eastern region and Himalayan states

  • Customs

  • Subject:- Sale of goods and display of prices at duty free shops in Indian currency – amendment of circular 31/2016 - Customs dated 6th July 2016

  • Indian Laws

  • Indian Advance Pricing Agreement regime moves forward with signing of three APAs by CBDT in December, 2017

  • 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

  • Service Tax

  • Rejection of VCES application - The Revenue has only taken a different interpretation as far as the classification of services. This cannot tantamount to substantial misdeclaration - tax liability accepted in the VCES by the appellant is not being interfered - AT

  • Voluntary Compliance Encouragement Scheme (VCES) - rejection of the application - Appellant submitted that, merely because the appellant had been issued with a notice for the earlier period, would not mean that the First Proviso to subsection (1) of Section 106 of the Finance Act, would come into operation - tribunal rejected the contention.


Case Laws:

  • GST

  • 2017 (12) TMI 1462
  • Income Tax

  • 2017 (12) TMI 1481
  • 2017 (12) TMI 1480
  • 2017 (12) TMI 1479
  • 2017 (12) TMI 1478
  • 2017 (12) TMI 1477
  • 2017 (12) TMI 1476
  • 2017 (12) TMI 1475
  • 2017 (12) TMI 1474
  • 2017 (12) TMI 1473
  • 2017 (12) TMI 1472
  • 2017 (12) TMI 1471
  • 2017 (12) TMI 1470
  • 2017 (12) TMI 1469
  • 2017 (12) TMI 1468
  • 2017 (12) TMI 1467
  • 2017 (12) TMI 1466
  • 2017 (12) TMI 1465
  • 2017 (12) TMI 1464
  • 2017 (12) TMI 1463
  • Customs

  • 2017 (12) TMI 1461
  • 2017 (12) TMI 1460
  • 2017 (12) TMI 1459
  • 2017 (12) TMI 1458
  • 2017 (12) TMI 1457
  • 2017 (12) TMI 1456
  • 2017 (12) TMI 1455
  • 2017 (12) TMI 1454
  • 2017 (12) TMI 1453
  • Corporate Laws

  • 2017 (12) TMI 1452
  • 2017 (12) TMI 1450
  • Insolvency & Bankruptcy

  • 2017 (12) TMI 1451
  • Service Tax

  • 2017 (12) TMI 1444
  • 2017 (12) TMI 1443
  • 2017 (12) TMI 1442
  • 2017 (12) TMI 1441
  • 2017 (12) TMI 1440
  • 2017 (12) TMI 1439
  • 2017 (12) TMI 1438
  • Central Excise

  • 2017 (12) TMI 1437
  • 2017 (12) TMI 1436
  • 2017 (12) TMI 1435
  • 2017 (12) TMI 1434
  • 2017 (12) TMI 1433
  • 2017 (12) TMI 1432
  • 2017 (12) TMI 1431
  • 2017 (12) TMI 1430
  • 2017 (12) TMI 1429
  • 2017 (12) TMI 1428
  • CST, VAT & Sales Tax

  • 2017 (12) TMI 1427
  • 2017 (12) TMI 1426
  • 2017 (12) TMI 1425
  • Indian Laws

  • 2017 (12) TMI 1449
  • 2017 (12) TMI 1448
  • 2017 (12) TMI 1447
  • 2017 (12) TMI 1446
  • 2017 (12) TMI 1445
 

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