GST Articles

Recently, a major breakthrough in the GST has come across which is surprisingly good news for the MSME sector. The GST department has decided to increase the exemption limit For MSME's which will seriously affect the businesses in a positive way. A major announcement which will ease the burden..

On 31st December 2018, CBIC has issued multiple circulars to clarify various issues. Besides, CBIC also issued various notifications and orders to give effect to the decisions taken at the 31st GST Council meeting as a welcome for New Year of 2019. In this article, I would give you a quick grasp ..

Arjun (Fictional Character): Krishna, The festival of Makar Sankranti has arrived. On occasion of the same, GST Council has made some recommendations, which are to be implemented from 01 April, 2019. So what would you like to tell about that?        Krishna (Fict..

In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government on the recommendations of the Council hereby notifies that on categories of supply of services mentioned in column (2) of the Table below, supplie..

The GST Council has made great efforts to win hearts of the small taxpayers in this 32nd meeting. This can be rightfully called as "Meeting for Small Taxpayers". Some relief decisions announced in this meeting are as follows:  Increase in turnover limit for the existing composit..

The value of supply of goods and services is determined by Section 15 of the Central Goods and Services Tax ('CGST Act') in GST regime. However, for various specified services, there are specific provisions provided in GST Law to determine the value of supply. These provisions have been imported fro..

In the 32nd GST Council meeting, held on January 10, 2019, the council proposed various relief for MSME sector such as widening the scope of composition scheme, simplification of compliances, free accounting-cum-billing software for small taxpayers, so on and so forth. All these proposals would be e..

GST Council in the 32nd meeting held on 10th January, 2019 at New Delhi took following decisions to give relief to MSME (including small traders), and took following other decisions- 1. Threshold limit for goods: Effective from April 1, 2019, the GST exemption threshold has been raised from Rs..

The 32nd GST Council Meeting was held today at New Delhi. As always, there were give speculations and expectations in the industry from the FM Arun Jaitley that he would bring great reforms for businesses that will increase the ease of doing business in India.  Let's have a look at the c..

GST Updates: Summary of recent Notifications and Circulars Based on the recommendations of the GST Council in its 31st meeting held on 22nd December, 2018. A. SUMMARY OF REMOVAL OF DIFFICULTIES ORDERS 1.1 Extension in time to make amendments in details furnished in Form GSTR-1 pertaining t..