CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle 4th Fl., 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684 *
E-mail : info@chemexcil.v.in Web : https://chemexcil.in
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EPC/LIC/GST |
16th October 2017 |
ALL MEMBERS OF THE COUNCIL
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Important GST :
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Notifications to exempt integrated tax and compensation cess on import of goods under AA/EPCG schemes
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Notification to exempt goods imported by EOUs from integrated tax and compensation cess
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Others
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Dear Members,
As you are aware, GST Council in its 22nd meeting of 6th October 2017, had recommended an export package to provide relief to the small exporters.
In this regard, CBEC has now issued various supporting notifications regarding exemption of IGST & Cess under AA/EPCG/by EOU’s, NIL GST on sale of MEIS scrips etc.
Some of the important/ relevant notifications issued so far are highlighted as follows for your information:
Customs Notifications
Notification Search:
Notification No. & Date of Issue
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English
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Subject
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79/2017-Cus,dt. 13-10-2017
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View (237 KB)
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Seek to amend various Customs exemption notifications to exempt Integrated Tax/Cess on import of goods under AA/EPCG. schemes
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78/2017-Cus,dt. 13-10-2017
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View (234 KB)
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Seeks to exempt goods imported by EOUs from integrated tax and compensation cess
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Central Tax Notifications
45/2017-Central Tax,dt. 13-10-2017
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View (342 KB)
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Seeks to amend the CGST Rules, 2017
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40/2017-Central Tax,dt. 13-10-2017
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View (342 KB)
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Seeks to make payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores
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Central Tax (Rate) Notifications
Notification No. & Date of Issue
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English
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Subject
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35/2017-Central Tax (Rate) ,dt. 13-10-2017
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View (258 KB)
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Seeks to amend notification No. 2/2017-Central Tax (Rate).
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32/2017-Central Tax (Rate) ,dt. 13-10-2017
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View (307 KB)
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Seeks to amend notification No. 12/2017-CT(R).
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Integrated Tax Notifications
10/2017-Integrated Tax,dt. 13-10-2017
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View (82 KB)
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Seeks to exempt persons making inter-State supplies of taxable services from registration under section 23(2)
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Integrated Tax (Rate) Notifications
Notification No. & Date of Issue
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English
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Subject
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39/2017-Integrated Tax (Rate) ,dt. 13-10-2017
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View (181 KB)
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Seeks to amend notification No. 8/2017-Integrated Tax (Rate).
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36/2017-Integrated Tax (Rate) ,dt. 13-10-2017
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View (258 KB)
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Seeks to amend notification No. 2/2017-Integrated Tax (Rate).
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33/2017-Integrated Tax (Rate) ,dt. 13-10-2017
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View (275 KB)
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Seeks to amend notification No. 9/2017-IT(R) .
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32/2017-Integrated Tax (Rate) ,dt. 13-10-2017
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View (62 KB)
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Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 31.03.2018
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Members are requested to take note of some of the above notifications issued so far. Notifications which are pending shall be disseminated once issued.
Original texts of all above notifications are available on below links:
http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-tarr2017/cs79-2017.pdf
http://www.cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-tarr2017/cs78-2017.pdf
http://www.cbec.gov.in/htdocs-cbec/gst/central-tax-notfns-2017
http://www.cbec.gov.in/htdocs-cbec/gst/central-tax-rate-notfns-2017
http://www.cbec.gov.in/htdocs-cbec/gst/integrated-tax-notfns-2017
http://www.cbec.gov.in/htdocs-cbec/gst/integrated-tax-rate-2017
Thanking you,
Yours faithfully,
S.G BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
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