GST News

Union Cabinet chaired by the PM approves the 4 GST related bills today

20 March 2017 at 16:49

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approves the four Goods and Services Tax (GST) related bills today The GST law will be the biggest reform in the area of Indirect Taxes in the history of independent India The Union C

Posted in GST | 2 comments | 16023 Views

GST is expected to have positive effect on trade and consumers

11 March 2017 at 12:05

The 122nd Constitution Amendment Bill, 2014 has been passed by the Parliament and after ratification by fifty percent of the States, the same has been enacted as 101st Constitution Amendment, Act, 2016. No Goods and Service Tax (GST) Bill has so far

Posted in GST | 3855 Views

Roll out of GST by 1st July 2017

11 March 2017 at 12:05

Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 The GST Council in its 9th Meeting held on 16 January 2017 took note of the work to be completed for the rollout of GST and aft

Posted in GST | 4 comments | 6534 Views

GST council approves the CGST and IGST bill

06 March 2017 at 11:11

Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill. The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under

Posted in GST | 1 comments | 9723 Views

Tax Relief under GST

06 February 2017 at 11:35

All decisions of GST Council so far have been taken unanimously. Various states may have different points of view on an issue but the final decisions have been unanimous. The issue regarding treatment of the existing tax incentive schemes of the Cent

Posted in GST | 3 comments | 12498 Views

The Constitutional Amendment on GST will create a common Indian market says economic survey

31 January 2017 at 13:44

Economic Survey: The Constitutional Amendment on GST will create a common Indian market, improve tax compliance and governance and boost investment and growth. The Economic Survey states that the world GDP is expected to grow because of a fiscal stim

Posted in GST | 5154 Views

Most of the issues have been resolved in GST says FM

12 January 2017 at 10:59

On demonetization, Finance Minister Shri Arun Jaitley says that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them. Stressing the implementation of GST, FM says that most of the issu

Posted in GST | 1 comments | 8541 Views

Nobody should think that tax evasion is acceptable says FM

27 December 2016 at 11:06

Finance Minister: There is a need for move towards a mindset of voluntary compliance and payment of legitimate taxes should be considered as part of the process and nobody should think that tax evasion is acceptable; Payment of due tax is a responsib

Posted in GST | 8037 Views

Report Card on GST Implementation

15 December 2016 at 11:39

Report Card on GST Implementation; Government of India lost no time in implementing the GST so far; Discussions in GST Council have been very cordial and all decisions till now have been taken by consensus; Members of the Council are participating in

Posted in GST | 1 comments | 13542 Views

ICAI invites suggestions on revised Model GST Law

03 December 2016 at 12:11

Your feedback / concerns and suggestions received on Model GST Law were communicated and as can be seen many amendments are due to the suggestions made by us. CBEC has now released revised draft Model GST Law in the public domain. The same can be vie

Posted in GST | 5220 Views