GST News

Pass GST benefits to consumers appeals Govt

The Central Government appeals to the Industry Leaders to pass on the benefit of GST Rate reduction to the consumers as it is expected to encourage domestic demand and investment among others. The GST Council in its 23rd Meeting held on 10th November

Display revised MRP due to reduction of rates of GST

Shri Ram Vilas Paswan grants permission to display revised MRP due to reduction of rates of GST up to 31st December, 2017 On account of implementation of GST w.e.f. 1st July, 2017, there may be instances where the retail sale price of a pre-packaged

FAQs on Ethical Issues relating to GST by ICAI

Q1. Whether a member in practice can engage as GST practitioner?A. Yes, a member in practice can engage as GST practitioner , as theactivities to be performed by GST practitioner mentioned in CGSTAct, 2017 read with CGST Rules, 2017 are within the pu

Cabinet approves the establishment of the National Anti profiteering Authority under GST

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST, following up immediately on yesterday

GST Rate Changes Come into effect on 178 items

GST Rate Changes Come into effect on 178 items where rate has been brought down from 28% to 18%; Consumers may take note of reduction in Price/MRP on these Goods In the 23rd meeting held on the 10th November, 2017, the GST Council had recommended maj

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Notification issued of changes in 23rd GST council meeting

Notification issued post 23rd Council Meeting held on 10th Nov 2017CGST Notifications :Notification No. 47/2017-Central Tax (Rate) ,dt. 14-11-2017Seeks to amend notification No. 12/2017-CT(R) so as to extend exemption to admission to �protected

Accepting of UIN instead of GST number for Foreign missions

Accepting of Unique Identity Number of Foreign Diplomatic Missions / UN Organizations while making sales or supplies Various representations have been received from Foreign Diplomatic Missions / UN Organizations regarding unwillingness of the vendors

Exemption from IGST on import of specific sports goods

In a major impetus to promoting sports in the country, the GST Council in its 23rd meeting held at Guwahati on 10th November, 2017, has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrate

Changes recommended in Composition Scheme

The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today.i. Uniform rate of tax @ 1% under composition scheme for manufacturers andtraders (for tra