Skip to main content

CTT on Agricultural Products

Govt. notifies new list of agricultural commodities which aren't "taxable commodities transactions"

COMMODITIES TRANSACTION TAX (FIRST AMENDMENT) RULES, 2015 - AMENDMENT IN RULE 3

NOTIFICATION NO.13/2015 [F.NO. 142/09/2013-TPL]/SO 424(E), DATED 10-2-2015

In exercise of the powers conferred by sub-sections (1) and (2) of section 133 of the Finance Act, 2013 (17 of 2013) (herein after referred to as the Act), the Central Government hereby makes the following rules to amend the Commodities Transaction Tax Rules, 2013, namely:—

1. (l) These rules may be called the Commodities Transaction Tax (First Amendment) Rules, 2015.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Commodities Transaction Tax Rules, 2013, for rule 3, the following rule shall be substituted, namely:—

"3. Agricultural commodities.— For the purposes of clause (7) of section 116 of the Act, the agricultural commodities shall be the following, namely:—

(i)

 

Almond

(ii)

 

Barley

(iii)

 

Cardamom

(iv)

 

Castor Seed

(v)

 

Channa/Gram

(vi)

 

Copra

(vii)

 

Coriander/Dhaniya

(viii)

 

Cotton

(ix)

 

Guar Seed

(x)

 

Isabgul Seed

(xi)

 

Jeera (Cumin Seed)

(xii)

 

Kapas

(xiii)

 

Maize Feed/Maize

(xiv)

 

Pepper

(xv)

 

Potato

(xvi)

 

Rapeseed/Mustard Seed

(xvii)

 

Raw Jute

(xviii)

 

Red Chilli/Chillies

(xix)

 

Soya bean/seed

(xx)

 

Soymeal

(xxi)

 

Turmeric

(xxii)

 

Wheat

(xxiii)

 

Aniseed

(xxiv)

 

Arhar Chuni

(xxv)

 

Bajra

(xxvi)

 

Betelnuts

(xxvii)

 

Celeryseed

(xxviii)

 

Chara or Berseem (Including Chara seed or Berseem seed)

(xxix)

 

Cinnamon

(xxx)

 

Cloves

(xxxi)

 

Cotton pods

(xxxii)

 

Cotton seed

(xxxiii)

 

Ginger

(xxxiv)

 

Gram Dal

(xxxv)

 

Gram Husk (Gram Chilka)

(xxxvi)

 

Groundnut

(xxxvii)

 

Jowar

(xxxviii)

 

Kulthi

(xxxix)

 

Lakh (Khesari)

(xl)

 

Linseed

(xli)

 

Masur

(xlii)

 

Methi

(xliii)

 

Moth

(xliv)

 

Mung

(xlv)

 

Mung Chuni

(xlvi)

 

Mung Dal

(xlvii)

 

Nutmeg

(xlviii)

 

Onion

(xlix)

 

Peas

(l)

 

Ragi

(li)

 

Rice Bran

(lii)

 

Rice or Paddy

(liii)

 

Safflower

(liv)

 

Seedlac

(lv)

 

Sesamum (Til or Jiljilli)

(lvi)

 

Small Millets (KodanKulti, Kodra, Korra, Vargu, Sawan, Rala, Kakun, Samai, Vari and Banti)

(lvii)

 

Sunflower seed

(lviii)

 

Tur (Arhar)

(lix)

 

Tur Dal (Arhar dal)

(lx)

 

Urad (Mash)

(lxi)

 

Urad Dal.".

 

Comments

Popular posts from this blog

INSPECTION MANUAL OF STOCK, BOOK DEBTS & SECURITIES

CONTENTS SR. NO. CHAPTER PAGE NO. INTRODUCTION STOCK & RECEIVABLES AUDIT VERIFICATION OF STOCK & DEBTORS PROCEDURE OF STOCK AUDIT VERIFICATION OF SECURITIES ANALYTICAL REVIEW INTERNAL CONTROL QUESTIONNAIRE STOCK b) BOOK DEBTS LIST OF DOCUMENTS TAKEN AS WORKING PAPERS SPECIMEN INSPECTION REPORT SPECIMEN MANAGEMENT REPRESENTATION LETTER CHAPTER 1 INTRODUCTION: Banking is an important sector of the economy of any country and for the development of the economy a healthy banking system is a must. After the liberalization of the economy, the banking system has undergone a total change in India. There is hard competition in the banking industry to survive in the current circumstances. With the purpose to have better financial discipline & to ensure uniformity in accounting norms RBI introduced the concept of assetclassification & income recognition as per the recommendations of Narasimhan Committee. It was also suggested to classify the advances given by banks into Performing & Non Perfor…

Excel Add-in to convert amount in figures to words by Premal

Gentlemen:
AmtInWords.xla is attached to this mail. It is an MS Excel Add-in written by me to convert amount available in figures to words.
Installation
Copy the attached file to the folder where excel stores the add-ins. (To know where excel stores the add-ins, open any workbook, click on Tools - Add-ins - Browse)
Then open an excel workbook. Click on Tools - Add-ins - Browse - Give the path to this Addin - Ok
Usage
You can use the functions AmtInWords and AmtInWordsUS in any worksheet. The syntax is:
=AmtInWords(decimal number/cell reference, [currency code])
=AmtInWordsUS(decimal number/cell reference, [currency code])
Examples follow:
=AmtInWords(10000000)
=AmtInWords(123456.77)
=AmtInWords(C4)
=AmtInWordsUS(B3) ' Shall give the amount in millions (US format)
=AmtInWordsUS(B3,"USD") ' Shall give the amount in millions (US format) and in US currency (Dollars)
=AmtInWords(C4,"GBP") ' Shall give the amount in lakhs and in UK currency (Pounds)
Notes
The system shall N…

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016?

*1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016?*Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a scheme notified by the Government of India on December 16, 2016 which is applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.*2. Who is eligible to deposit in PMGKS?*The deposit under this Scheme shall be made by any person who declared undisclosed income under sub-section (1) of section 199C of the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.*3. In what form will the deposits under this scheme be held?*The Deposits shall be held at the credit of the declarant in Bond Ledger Accounts (BLA) maintained with Reserve Bank of India.*4. Who are the authorized agencies where the application and amount of deposit will be accepted?*Application and amount for the deposit (in the form of Bond Ledger Account) shall be received by any banking company to which the Banking …