custom duty calculation

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Extension of due date of GST returns


To be published in the Gazette of India Extraordinary Part II Section 3 Sub section i Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 20 2017 Central Tax New Delhi 08th August 2017 G S R E In exercise of the powers conferred by the su

Post GST reduction of incidence of Tax on Coal Consumers


In pre GST regime there was Excise Duty on Coal 6 Stowing Excise Duty Rs 10 per tonne of coal production VAT 5 on intra state sale Central Sales Tax 2 on inter state sale on submission of Form C Post implementation of GST all the above mentioned taxes and levies have been subsumed and GST 5 is being

Extension of time limit for filing intimation for composition levy


F No 345 114 2017 GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi the 21st July 2017 Order No 01 2017 GST Subject Extension of time limit for filing intimation for composition levy under subrule 1 of rule 3 of the CGST R

Guidance Note for Importers and Exporters on GST


Indian Customs gears up for GST roll out Guidance Note for Importers and Exporters I Introduction The purpose of this guidance note is to bring clarity about the impact of GST which would come into force with effect from 01 07 2017 for importers and exporters On the imports side there would be no im

ST return for April to June to be submitted by 15th August


TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 SUB SECTION i GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No 18 2017 Service Tax New Delhi the 22nd June 2017 1 Ashadha 1939 Saka G S R E In exercise of the powe

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Experts Opinions

Exise duty on purchase


We are trading company in cochin and we receive local and interstate good Most of the bill are cst bills can we claim Exicse duty in gst Please advise norms if any in this

Draw back calculation


sir Invoice Value INR 72 100 Freight 14 000 Draw back received INR 36 535 please kindly help me how they are calculated drawback in export

Input tax on exise duty


We are trading company in cochin and we receive local and interstate good Most of the bill are cst bills can we claim Exicse duty in gst Please advise norms if any in this

Is excise duty still applicable on methyl alcohol under gst?


Sir I have a query regarding Methyl Alcohol as a trader of the aforesaid item in West Bengal I have to pay Excise Duty and GST both My question is that is it justified to collect the excise duty under GST regime by the respective excise customs department Please Help

Amount remitted by indian customer to foreign company.


Our client is an IT company located in Netherlands and does not have PE in India they provide IT services to client of HP company Bangalore India State Bank of Mauritius out side India as per agreement between the companies under DTAA treaty Moreover server on which such works are implemented is als

Discussion

Refund of duty paid in case of EOU.

I would like to know the process of refund of duty which we pay while import of raw materials and the finished goods are to be exported back Or Refund of duty paid on goods which are imported in EOU as earlier we use to import the goods through Procurement certificate without paying any duty

duty drawbacks

we have received duty drawbacks in bank but it s calculations not understanding how it is calulating on export invoice at what percentage

Tds calculation

Namaskaram Herewith i enclosed the bill copy for your ref TDS portion and section

Calculation of tds and interest on it

DEAR SIR I AM REQUESTING YOU TO GIVE ME YOUR VALUEABLE ADVICE ON CALCULATION OF INTEREST ON DELAYED PAYMENT OF TDS FOR OUR ORGANISATION WE MADE AN AGREEMENT ON 1ST APRIL 2017TO PAY RS 48 000 RENT TO OWNER OF PROPERTY FOR THE APRIL RENT WE PAID ON 18 5 17 RS 43 200 BUT WE DIDNT PAY TDS RS 4 800 FOR M

excise duty @12% paid before 30.06.2017

I am a trader I have paid excise duty 12 as on 30 06 2017 now how to take input from 01 07 2017 how to adjusted

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Articles

RBI rules on customer's liability in online banking frauds


On 6th July 2017 RBI has come out with a new circular capping the liabilities of Bank customers in the event of unauthorized electronic banking transactions put simply frauds The guidelines given in the circular is applicable for all Commercial banks Small banks and payment banks in India With gover


Major differences Between Excise Duty and GST


Arjuna Fictional Character Krishna by subsuming indirect taxes such as Excise VAT Service Tax etc the GST is coming What will happen if there will be an IPL match played between Excise and GST Krishna Fictional Character Arjuna GST law is framed by incorporation peculiar provisions of all indirect t


Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS


Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity Liability and its related Journal Entry Let s refer some relevant guidance reference related to these kind of convertible bonds and its related calculation as mentioned in acco


Guidelines for launching of prosecution by custom department


In pursuance of Circular No 27 2015 Customs dated 23 10 2015 further amended vide Circular No 46 2016 Customs dated 04 10 2016 and revising the guidelines issued vide order No 394 71 97 CU S AS dated 22 06 1999 by Custom department issue guideline for launching of prosecution in relation to offences


Investment subsidy by State Govt. - Whether excise duty is payable


State governments offer incentives for setting up industries in the Backward regions and generating employment The eligible amount of subsidy is determined and capped as per capital invested and employment generated by aunit The subsidy to be granted is determined also on the basis of VAT CST deposi


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Updated on : 8/19/2017 9:19:20 PM


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