Articles by CA Pankaj Kumar Mishra

Ineligible categories under MEIS i.Supplies made from DTA units to SEZ units. ii.Export of imported goods covered under paragraph 2.46 of FTP; iii.Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India; Deemed Exports; v.SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units; vi.Export products which are…

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Sl. No. Chapters Products under the following chapters are not eligible for incentive under MEIS 1 Chapter-01 Live animals 2 Chapter-02 Meat and edible meat offal 3 Chapter-10 Cereals 4 Chapter-24 Tobacco and manufactured tobacco substitutes 5 Chapter-25 Salt; sulphur; earths and stone; plastering materials, lime and cement 6 Chapter-26…

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Export Promotion Capital Goods (EPCG) scheme Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production, production and post production at zero duty subject to an export obligation of 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years…

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The Ministry of Corporate Affairs (MCA) has notified the Companies (Indian Accounting Standards (IND AS)) Rules 2015, which stipulates the adoption and applicability of IND AS in a phased manner beginning from the Accounting period 2016-17 and subsequently, issued Amendment Rules 2016 to amend the 2015 rules. Phase of adoption MCA…

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Pharma sector is seeking clarification on various provisions of GST. Treatment of expired medicines at the time of return from retailer to whole seller and from whole seller to manufacturer needs clarification. Let us go into detail to understand the implication of various provisions. Mechanism to book return of goods…

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1. Services by Government or a local authority excluding the following services— (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside…

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GSTR-1 filing Due Dates For turnover of more than Rs 1.5 cr Period Dates July to Oct 31st Dec 2017 Nov 10th Jan 2018 Dec 10th Feb 2018 Jan 10th Mar 2018 Feb 10th Apr 2018 March 10th May 2018 For turnover upto Rs 1.5 cr Period (Quarterly) Due dates…

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