NOTE ON SELF-SEALING PROCEDURE FOR EXPORTERS

Implementation of electronic sealing for containers by exporters under self-sealing procedure has been prescribed by circular 26/2017-Cus dated 1.01.2017, 36/2017-Cus, dated 28.08.2017 and 37/2017-Cus dated 20.09.2017. The revised procedure of the CBEC vide Circular No. 41/2017-Customs dated 30 October 2017 has been notified and the said procedure is to be finally implemented from 8th November 2017. Some …

Merely because seller did not deposit VAT with Govt., the buyer cannot be denied benefit of ITC – Delhi HC in Suvasini Charitable Trust – represented by ALA Legal

Summary of SUVASINI CHARITABLE TRUST V. GOVERNMENT OF NCT OF DELHI & ANR. The petitioner was represented by a team of ALA Legal, lead by Mr. Puneet Agrawal, Partner, ALA Legal. He may be reached at puneet@alalegal.in Download full text here: Suvasini Charitable Trust – Delhi HC The Hon’ble High Court of Delhi on 26th October 2017 was …

GST Knowledge Sharing

Hello Everyone! Today we are sharing the highlights of proposed changes made as per discussions in the 22nd GST Council Meeting held on 6th October, 2017. Click here to download. The next GST Council Meeting will be held on November 9, 2017. Note: The proposed changes are yet to be notified. Stay tuned for more updates. By TEAM GST LAW …

How to Claim transitional credit of Service Tax, Excise & VAT into GST via TRAN-1 and TRAN-2 forms

Dear Readers, Transitioning into GST from the earlier tax regime is an activity necessary for all existing business. This transitioning is very important considering stakes involved in the same. Credit of most of taxes paid in old regime is available as GST-ITC in the new regime. Careful assessment of stocks is necessary in order to …