Textiles, Footwear, Cab Aggregator Services to get costlier from 01st January 2022

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 30.12.2021 Upcoming New GST Rates on Textile, Footwear and E-Commerce Services   Important Announcement/Notice Textiles, Fabrics and related finished products shall become costly since the Govt of India had notified the effective GST rates vide Notification No. 14/2021‐CT (Rate) dt. 18.11.2021 & Notification …

Common IGST Refund issues faced by Exporters in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 27.10.2021 Common IGST Refund issues faced by Exporters in India As per rule 96 of the CGST Rules, 2017, the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported …

IGST Refund against Exports of Goods from India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 22.10.2021 IGST Refund against Exports of Goods from India As per rule 96 of the CGST Rules, 2017, the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported out …

Impact on Import movements in India post Union Budget 2021

Imports in India Dated: 03.02.2021 Impact on Imports post Union Budget 2021 in India The Union Budget 2020-21 for FY 2021-22 was placed on the floor of Parliament by the Hon. Finance Minister Mrs. Nirmala Sitharaman. Please have a look at the major highlights as listed below which will impact Import of goods in India. …

Project Import Guidelines in India

Project Imports Regulations in India by   S.J. EXIM Services Think EXIM Think Innovation BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE     Dated: 28.08.2020 What is Project Imports: Project Imports Scheme is a concept, unique to Indian Customs, wherein all the goods imported for the purpose of setting up of …

IGST on goods Supplied-During Customs Bonded Period

    Dated: 18/07/2018   Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a Customs Bonded Warehouse   Refer to (CBIC) Circular No: 3/1/2018-IGST [25/05/2018]that : Integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at …

GST on Cross Border Digital Products Transactions in India

Impact of GST on Cross Border Digital Products in B2C segment Dated: 14/11/2017 GST Treatment in India of Cross Border B2C Digital Products Transaction is covered under the OIDAR taxation framework under GST. Online Information Database Access and Retrieval services (OIDAR) is a category of cross border digital products/ services provided through the medium of …

Import Tariff after GST Tax reforms in India wef 01/07/2017

Important Changes in the Import Tariff structure post GST Tax reform implementation in India Dated: 07/07/2017   In respect to the CBEC Customs Notification no 50 and 55 the following changes are applied to the Import Tariff revision after the implementation of GST tax reforms in India. These revisions are mostly targeted in favour of …

Model GST Rule in India-An Overview

Dated: 14/11/2016 GST Rule Framework in India The GST rule has in total 25 Chapters, 162 Sections and 4 Schedules SUPPLY: Tax on supply of goods or services rather than manufacture / production of goods, provision of services or sale of goods. Supply includes: all forms of supply for a consideration; certain specified supplies without …

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