Taxation - Corporate Law Reporter

Exchange Rate for conversion of Foreign Currency effective from 2nd March, 2018

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) ***** Notification No. 18 /2018 - Customs (N.T.) New Delhi, dated the 1st March, 2018 10 Phalguna 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of… Read More

Govt. revises agreement between India and Kenya on DTAA

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 19th February, 2018 (INCOME TAX) S.O. 731(E).—Whereas, an Agreement between the Government of the Republic of India and the Government of the Republic of Kenya for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed… Read More

Govt. notifies Income-tax (First Amendment) Rules, 2018

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 10/2018 New Delhi, the 19th February, 2018 INCOME-TAX G.S.R. 176(E).– In exercise of the powers conferred by clause (aa) and clause (ab) of sub-section (1) of section 12A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board… Read More

CBDT notifies Centralised Communication Scheme, 2018

MINISTRY OF FINANCE (Department Of Revenue ) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd February, 2018 S.O. 771(E).—In exercise of powers conferred by sub-section (3) of section 133C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following scheme for centralised issuance of notice,… Read More

CBEC to notify Customs Tariff (Determination of Origin of Goods agreement between India and Japan) Amendment Rules, 2018

[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) Notificationnotifi New Delhi, the 19th February, 2018 No. 14/2018 - Customs (N.T.) G.S.R. ________ (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Tariff Act,… Read More

India and Iran signs DTAA on 17th February, 2018

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 17th February, 2018 PRESS RELEASE Signing of DTAA by India and Iran on 17th February, 2018 India and Iran signed an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on… Read More

CBEC clarifies field formations can obtain SDR/CDR details directly from telecom service providers

Instruction No. 03/2018—Customs F.No. 394/21/2018-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) *** New Delhi, dated 16th February 2018 To All Principal Chief Commissioners/Chief Commissioners of Customs / Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs & CGST, All Principal Commissioners/Commissioners of Customs /… Read More

CBDT appoints Pr. DGIT(Systems) as the ‘designated authority’ under section 138 of the IT Act

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 12th of February, 2018 NOTIFICATION In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act,… Read More

CBEC extends eSANCHIT application on all EDI locations

Instruction No. 02/2018-Customs F.No.450/16/2015-Cus-IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated 7th February 2018 To, All Pr. Chief Commissioners of Customs / Chief Commissioners of Customs/ Customs (Preventive)/ Customs and Central Excise. All Pr. Commissioners/ Commissioners of Customs / Customs (Preventive)/ Customs and central Excise… Read More

Govt. exempts Integrated tax GST compensation cess on imported goods from levy of Social Welfare Surcharge

[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) Notification No.13/2018- Customs New Delhi, the 2 nd February, 2018 G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More

CBEC rescinds Not. 28/2007-Customs dated 01.03.2007 exempting specified goods from the levy of SHE Cess

[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) Notification No.10 /2018-Customs New Delhi, the 2nd February, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962)… Read More

CBEC rescinds Not. 69/2004-Customs dt. 09.07.2004 exempting specified goods from the levy of Education Cess

[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) Notification No.9/2018-Customs New Delhi, the 2 nd February, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962)… Read More

Govt. exempts all goods from levy of SHE cess specified in the First Schedule to the Customs Tariff Act, 1975

[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) Notification No.8/2018- Customs New Delhi, the 2 nd February, 2018 G.S.R…….(E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of… Read More