Exports under claim for drawback in the GST scenario – Government has dispensed with the requirement of the certificate from GST officer to claim higher rate of drawback – exporter has to submit the self-declaration in the prescribed format.

Customs – Exports under claim for drawback in the GST scenario – Government has dispensed with the requirement of the certificate from GST officer to claim higher rate of drawback – exporter has to su

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Exports under claim for drawback in the GST scenario – Self-declaration format / form for claiming higher rate of AIR of duty drawback under column (4) and (5) of the AIR Schedule

Customs – Exports under claim for drawback in the GST scenario – Self-declaration format / form for claiming higher rate of AIR of duty drawback under column (4) and (5) of the AIR Schedule – TMI Updates – Highlights

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Refund of IGST paid on exports and Export under Bond scheme – refund of unutilised input tax credit (ITC) or IGST paid – For the option (b), the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax

Customs – Refund of IGST paid on exports and Export under Bond scheme – refund of unutilised input tax credit (ITC) or IGST paid – For the option (b), the shipping bill filed by an exporter shall be d

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Refund of IGST paid on exports and Export under Bond scheme – unutilised input tax credit (ITC) – Application for refund shall be filed only after the export manifest or an export report, as the case may be, is delivered under section 41 of the

Customs – Refund of IGST paid on exports and Export under Bond scheme – unutilised input tax credit (ITC) – Application for refund shall be filed only after the export manifest or an export report, as

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Exports under GST – Duty Drawback – it could be possible that export goods may be manufactured by using both Central Excise/Service Tax paid and CGST/IGST paid inputs and inputs services or only CGST/IGST paid inputs and inputs services – safegu

Customs – Exports under GST – Duty Drawback – it could be possible that export goods may be manufactured by using both Central Excise/Service Tax paid and CGST/IGST paid inputs and inputs services or

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Exports under GST – Drawback – The certificates from jurisdictional GST officer as referred above may not be available during initial days – all field formations shall ensure that exports are not delayed for requirement of the said certificate.

Customs – Exports under GST – Drawback – The certificates from jurisdictional GST officer as referred above may not be available during initial days – all field formations shall ensure that exports ar

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Imports and Input Tax Credit (ITC) – Input tax credit shall be availed by a registered person only if all the applicable particulars as prescribed in the Invoice Rules are contained in the said document, and the relevant information, as containe

Customs – Imports and Input Tax Credit (ITC) – Input tax credit shall be availed by a registered person only if all the applicable particulars as prescribed in the Invoice Rules are contained in the s

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Imports and Input Tax Credit (ITC) – importers are advised to complete their registration process for GSTIN as ITC of IGST would be available based on GSTIN declared in the Bill of Entry.

Customs – Imports and Input Tax Credit (ITC) – importers are advised to complete their registration process for GSTIN as ITC of IGST would be available based on GSTIN declared in the Bill of Entry. – TMI Updates – Highlights

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Full exemption from IGST has been provided on passenger baggage. However, basic customs duty shall be leviable at the rate of 35% and education cess as applicable on the value which is in excess of the duty free allowances provided under the Bag

Customs – Full exemption from IGST has been provided on passenger baggage. However, basic customs duty shall be leviable at the rate of 35% and education cess as applicable on the value which is in ex

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In the GST regime, for the purpose of levying IGST all the imports under the project import scheme will be classified under heading 9801 and duty shall be levied @ 18%.

Customs – In the GST regime, for the purpose of levying IGST all the imports under the project import scheme will be classified under heading 9801 and duty shall be levied @ 18%. – TMI Updates – Highlights

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EOUs and SEZ – Post GST – In the GST regime, clearance of goods in DTA will attract GST besides payment of amount equal to BCD exemption availed on inputs used in such finished goods. DTA clearances of goods, which are not under GST, would attra

Customs – EOUs and SEZ – Post GST – In the GST regime, clearance of goods in DTA will attract GST besides payment of amount equal to BCD exemption availed on inputs used in such finished goods. DTA cl

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The EXIM scrips under the export incentive schemes of chapter 3 of FTP (for example MEIS and SEIS) can be utilised only for payment of Customs duties or additional duties of Customs, on items not covered by GST, at the time of import. The scrips

Customs – The EXIM scrips under the export incentive schemes of chapter 3 of FTP (for example MEIS and SEIS) can be utilised only for payment of Customs duties or additional duties of Customs, on item

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Post GST reduction of incidence of Tax on Coal Consumers

Goods and Services Tax – GST – Dated:- 3-8-2017 – In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ ₹ 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 charged to consumers. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha today. The Minister further stated that Clean Environment Cess @ ₹ 400 per tonne was payable prior to GST which has been repealed and a new levy namely GST Compensation Cess

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Import of goods – Post GST – Type of duties – Although BCD, Education Cesses and IGST would be applicable in majority of cases, however, for some products CVD, SAD or GST Compensation cess may also be applicable. – For different scenarios the du

Customs – Import of goods – Post GST – Type of duties – Although BCD, Education Cesses and IGST would be applicable in majority of cases, however, for some products CVD, SAD or GST Compensation cess m

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While PAN is identifier at the entity level, GSTIN would be used as identifier at the transaction level for every import and export. Further, in scenarios where GSTIN is not applicable, UIN or PAN would be accepted as IEC. – It is advised that a

Customs – While PAN is identifier at the entity level, GSTIN would be used as identifier at the transaction level for every import and export. Further, in scenarios where GSTIN is not applicable, UIN

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Under the GST regime, Customs duties will be exempted on imports made under export promotion schemes namely EPCG, DEEC (Advance License) and DFIA. – IGST and Compensation Cess will have to be paid on such imports.

Customs – Under the GST regime, Customs duties will be exempted on imports made under export promotion schemes namely EPCG, DEEC (Advance License) and DFIA. – IGST and Compensation Cess will have to b

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Imports of goods – IGST would be levied on cargo which has arrived prior to 1st July but a bill of entry is filed on or after 1st July 2017.

Customs – Imports of goods – IGST would be levied on cargo which has arrived prior to 1st July but a bill of entry is filed on or after 1st July 2017. – TMI Updates – Highlights

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Since new provisions for levy of IGST and GST compensation cess on imports have been introduced under the Customs Tariff Act, 1975, Bill of Entry, Shipping Bill and Courier Regulations and Forms, both Manual and EDI, have been suitably modified

Customs – Since new provisions for levy of IGST and GST compensation cess on imports have been introduced under the Customs Tariff Act, 1975, Bill of Entry, Shipping Bill and Courier Regulations and F

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The work pertaining to fixation of Brand Rate of Drawback under Rule 6 and Rule 7 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, in the GST scenario.

Customs – The work pertaining to fixation of Brand Rate of Drawback under Rule 6 and Rule 7 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, in the GST scenario. – TMI Updates – Highlights

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Implementation of GST in Customs–Changes in BE/SB Declaration–Reg. – changes in Bill of Entry and Shipping Bill declarations

Customs – Implementation of GST in Customs–Changes in BE/SB Declaration–Reg. – changes in Bill of Entry and Shipping Bill declarations – TMI Updates – Highlights

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SELF INVOICE

Goods and Services Tax – Started By: – pawan singhal – Dated:- 3-8-2017 Last Replied Date:- 11-9-2017 – HOW TO MADE SELF INVOICE FOR URD PURCHASES. IS SELF INVOICE BILL HAVE CONTINUE SERIES OF SELE INVOICE. MEANS IF WE ARE MAINTAING SALES REGISTER THEN IS WE HAVE TO PREPARED SELF INVOICE CONTINUE BY MAINTAINING SERIAL NUMBER OF SALES.. – Reply By KASTURI SETHI – The Reply = Replies to all queries are yes. – Reply By KIRTIKUMAR PUROHIT – The Reply = 1: URD purchase expenses invoice will be made

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NON GST SUPPLY MEANING

Goods and Services Tax – Started By: – pawan singhal – Dated:- 3-8-2017 Last Replied Date:- 14-12-2017 – WHAT IS MEANS OF INWARD NON GST SUPPLY IN FORM 3B AT COLUMN NO.5. IS THAT MEANS ALL EXP ON WHICH NO GST PAYBLE LIKE SALRY , INTREST, PETROL EXP. – Reply By KASTURI SETHI – The Reply = Non-GST supply means non-taxable supply e.g. service by employee to employer (without contract), sale of land etc. These are in addition to your examples.The purpose for this column is to examine whether exemption from GST has been availed correctly or not. – Reply By MUKUND THAKKAR – The Reply = please read sr no 5 of GSTR-3B mention VALUE IF EXEMPT,NIL-RATED AND NON-GST INWARD SUPPLIES. NOT NON GST SUPPLY.. – Reply By KASTURI SETHI – The Reply = I suppor

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