Posts in category: Uncategorized

Products not eligible for incentive under MEIS

August 14, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

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 Ores, slag and ash 7 […]

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Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20)

August 14, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20):- What is the MEIS scheme? Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. […]

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Export Promotion Capital Goods (EPCG) scheme

August 13, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

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 reckoned from Authorization issue date. […]

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Applicability of IND AS – Indian Accounting Standards

July 27, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

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 has notified phase-wise convergence to […]

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Treatment of expired medicines for Hospitals/ Pharma sector

December 30, 2017 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

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 and time limit in GST: […]

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GST exemption list of services in India

December 30, 2017 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

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 or outside the precincts of […]

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GSTR-1 filing Due Dates

December 24, 2017 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

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 July- Sept 31st Dec 2017 […]

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E-Commerce GST Applicability

September 22, 2017 | Uncategorized | By CA.Pankaj Kumar Mishra ACA , ISC (Mathematics) ,MCOM | 0 Comments

E-Commerce GST Applicability E-commerce Operator: 1)Section 2(45):- An e-commerce operator : is a person who owns, operates or manages digital or electronic facility or platform for electronic commerce.  2) Section 2(44) Electronic Commerce: “electronic commerce” means the supply of goods or services or both, including digital products over digital or electronic network; Levy & Collections […]

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