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Finmin amends AIR duty drawback w.e.f. Jan 15; Inter alia aligns tariff & schedule with HSN 2017
January 17 2017
Finmin has amended All Industry Rates of Duty Drawback w.e.f. January 15, 2017; Inter alia reduces drawback rates for Gold jewellery, Silver jewellery and articles, while caps / rates have been change...View more
GST rollout deferred to July 1, Council reaches consensus on dual control
January 17 2017
GST Council defers GST roll out to a “realistic timeline” of July 1, 2017; Reaches consensus on dual control, assessees with turnover less than Rs. 1.5 Cr will be assessed by Centre & ...View more

April 1 GST roll-out ruled out; No consensus on dual control; Next Council meeting post-Budget
January 16 2017
April 1 timeline for GST roll-out ruled out; No consensus on Dual Control though differences between Centre & States have narrowed down; Territorial water and IGST issues close to being resolved; ...View more
Finmin imposes liability on vessel in-charge towards transportation services from non-taxable territory
January 14 2017
Ministry of Finance imposes service tax liability on person complying with Sections 29, 30 or 38 r/w Section 148 of Customs Act (viz. person in charge of vessel & his agent) in respect of services...View more

Single GST enrollment for multiple registrations of same business vertical, clarifies Assam Govt.
January 13 2017
Assam Govt. clarifies that dealers having multiple registrations under VAT, CST, Entry Tax, Entertainment Tax and Luxury Tax, shall enroll themselves only once on GST portal against only one Provision...View more
MVAT Audit Report uploading date extended to February 9
January 11 2017
Maharashtra Govt. extends deadline for uploading Audit Report in Form e-704 for year 2015-16 from January 15 to February 9; Physical copy of acknowledgement and statement of submission of Audit Report...View more

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Service Tax assessees’ migration to GSTN from Jan 14
January 11 2017
Migration / enrolment of Service Tax assessees to GSTN postponed to January 14; Schedule for other registrants remains unchanged...View more
CBEC initiates GST migration of Excise / ST assessees from Jan 9; PAN mandatory
January 10 2017
CBEC initiates process of migration of existing Central Excise / Service Tax assessees to GST from January 9, sets up a 24x7 Helpdesk in this regard; To ensure simple, user-friendly and smooth migrati...View more

HC : Quashes VAT on SIM replacement & lease line charges as ultra vires Constitution
January 12 2017
HC quashes imposition of VAT on SIM replacement charges and lease line charges collected by telecom service providers; Strikes down Section 2(u) and 2(v) of Madhya Pradesh VAT Act, 2002 which define &...View more
Finmin imposes liability on vessel in-charge towards transportation services from non-taxable territory
January 14 2017
Ministry of Finance imposes service tax liability on person complying with Sections 29, 30 or 38 r/w Section 148 of Customs Act (viz. person in charge of vessel & his agent) in respect of services...View more

HC : Inter-state movement of semi-finished missiles for warhead integration constitute 'stock-transfer', no CST leviable
January 12 2017
Bombay HC rules on situs of inter-State sale and appropriate State for purpose of levy & collection of CST, where semi-finished goods, viz. missiles, are transferred from one State to another for ...View more