DPNC Green Initiative

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Posted in Green Initiative |

DPNC Planted Trees in Honour of the 40 CRPF Martyrs at Pulwama

In honour of the 40 CRPF Martyrs at Pulwama, the Firm has planted a garden of 40 trees at the periphery of Sitamata Wildlife Sanctuary, Rajasthan.

40 CRPF Martyrs

Posted in Green Initiative |

Taxability of Hand Sanitizers Under GST

Hand Sanitizers to be classified as ‘disinfectants’ under GST and shall attract 18 percent GST.

For more details, Please refer the attached document:- Taxability of Hand Sanitizers under GST

Disclaimer:-

This document has been prepared in summary form by Dewan P. N. Chopra & Co. based on the clarification issued by Ministry of Finance and the rulings as indicated above. For further details, please refer the said clarification as per link attached above. While the information is believed to be accurate to the best of our knowledge, we do not make any representations or warranties, express or implied, as to the accuracy or completeness of such information. Reader should conduct and rely upon their own examination, investigation and analysis and are advised to seek their own professional advice. This note is not an offer, invitation, advice or solicitation of any kind. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies on it.

Posted in GST |

New Functionalities like Turant Customs and Other Initiatives for Contactless Customs enabled w.e.f. July 06, 2020

In order to achieve the moto of “Ease of doing business” amidst this pandemic period of COVID-19, Government of India has introduced the facility of “Turant Customs”. Various notifications and circulars are being issued every now and then to give effect to the same. Now, in order to enhance the efficiency in the Customs clearance processes, CBIC has decided to take certain measures vide Circular No.32/2020-Customs dated 6th July, 2020. Major highlights of the same are being captioned in the article.

For more details, Please refer the attached note:- Customs Update-Turant Suvidha Kendra Other Initiatives

Disclaimer:-

This document has been prepared in summary form by Dewan P. N. Chopra & Co. based on the circular issued by CBIC as indicated above. For further details, please refer the said circular as per link attached above. While the information is believed to be accurate to the best of our knowledge, we do not make any representations or warranties, express or implied, as to the accuracy or completeness of such information. Reader should conduct and rely upon their own examination, investigation and analysis and are advised to seek their own professional advice. The information and data contained herein is not a substitute for the recipient’s independent evaluation and analysis. This document is not an offer, invitation, advice or solicitation of any kind. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies on it.

Posted in GST |

GST On Merchant Trade Transactions

Merchant trade transaction is one which involves shipment of goods from one foreign country to another foreign country, where the goods do not enter Indian Territory. Recently a ruling in case of “M/s Sterlite Technologies Limited” (GUJ/GAAR/R/04/2020) held that supply of goods from a non-taxable territory to another non-taxable territory, shall be an Inter-state supply and henceforth, IGST shall be levied on such merchant trade transaction.

For more details, Please refer the attached note:- GST on Merchant Trade Transactions

Disclaimer:-

This document has been prepared in summary form by Dewan P. N. Chopra & Co. based on the relevant Advance ruling as indicated above. For further details, please refer the said ruling as per link attached above. While the information is believed to be accurate to the best of our knowledge, we do not make any representations or warranties, express or implied, as to the accuracy or completeness of such information. Reader should conduct and rely upon their own examination, investigation and analysis and are advised to seek their own professional advice. The information and data contained herein is not a substitute for the recipient’s independent evaluation and analysis. This document is not an offer, invitation, advice or solicitation of any kind. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies on it.

Posted in GST Update |