Page 23 - Tnc Rajagopalan

Another set of new GST procedures

In respect of supplies regarded as deemed export, GST must be paid and application for refund of tax paid may be filed

Hope for exporters on GST minuses

Sushil Kumar Modi will be assisted by four ministers from different states and top executives of the GSTN

'IGST on high-seas sale of imports is levied only during customs clearance'

Value addition in each high-seas sale to form part of value on which IGST is collected at clearance

Looking back and forward on I-Day

We have come a long way since then and trade policy has played an important role in this journey

DGFT slackness on needed GST detail

Exporters are hit hard due to denial of GST exemption on their imports or procurements

From the finer print in GST

In the coming GST regime, imported goods attract IGST instead of present additional customs duty

Boomerang here from GST policy

GST Council has not fixed tax rate for transfer/sale of duty credit scrips or authorisations/licence

Don't keep exporters in suspense on GST

No GST need to be paid on goods or services that are exported or supplied to an SEZ

When two hands don't coordinate

Some banks refuse to give FIRC to exporters of services saying FEDAI restrains them from doing so

Don't dump EPCG scheme for now

At present, the basic duty rates on most capital goods is 7.5 per cent

Expectations from new WTO pact

Last week, the Trade Facilitation Agreement (TFA) of the WTO came into effect

'If provider and receiver of service are both in India, service is taxable'

T N C Rajagopalan: This hasn't been a year to cherish

The year's high point was amendment of the Constitution to enable introduction of GST

T N C Rajagopalan: Why EOUs are discriminated against

Export-oriented units manufacturing solar photovoltaic modules have a problem

T N C Rajagopalan: Ahead of law but worth noting

JNCH says, all B/E pertaining to 'Full Container Load' cargo, must be compulsorily filed in the ICES system as advance/prior B/E

TNC Rajagopalan: GST changes on excise matters

The changes made in the revised draft throw up fresh issues but, overall, most of these look sensible

T N C Rajagopalan::Demonetisation cloud on export growth

Short-term disruption due to demonetisation can hurt productivity and export growth in the next few months

T N C Rajagopalan: Donald Trump impact on trade deals

Shinzo Abe, prime minister of Japan, warned that the TPP would be meaningless without US participation

Preparing for the promise of Trump

The election of Donald Trump as the next president of the USA has enhanced the uncertainties in the global trading environment

Trade facilitation measure taken

The government issued two notifications last Wednesday, both titled 'Deferred Payment of Import Duty Rules, 2016'