GST News

Tax rate on fertilizers reduced to 5% from 12% under GST

01 July 2017 at 11:30

Decision to reduce Tax Rate on Fertilizers from existing 12% to 5 % under GST taken in the interests of the Farmers Under GST regime, a uniform MRP of Rs. 295.47 per 50 kg bag to be fixed across the country GST regime to deter inter-state smuggling o

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Prime minister address at the launch of GST

01 July 2017 at 11:21

Honourable President, Respected Vice President, Madam Speaker of Lok Sabha, our Former Prime Minister Shri Devegowdaji, Members of the Council of Ministers, all the other members of the House, and the esteemed conglomerate gathered here representing

Posted in GST | 1 comments | 3666 Views

Minute details of How GST happened

01 July 2017 at 10:47

GST roll-out � Complete transformation of the Indirect Taxation Landscape; Some minute details of how it happened Goods and Services Tax (GST), a historic tax reform, will come into effect from tomorrow i.e.1st July, 2017. GST will completely

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India ushers in GST amid historic midnight session of Parliament

01 July 2017 at 10:33

The Goods and Services Tax came into force at midnight, amid a historic midnight session in the Central Hall of Parliament. President Pranab Mukherjee, Prime Minister Narendra Modi, and Finance Minister Arun Jaitley addressed the gathering, before th

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President speech on the launch of GST

01 July 2017 at 10:33

1. In a few minutes from now, we will witness the launch of the Goods and Services Tax (GST), a unified tax system, in the country. This historic moment is the culmination of a fourteen-year long journey which began in December 2002, when the Kelkar

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Guidance Note for Importers and Exporters on GST

30 June 2017 at 10:30

Indian Customs gears up for GST roll-outGuidance Note for Importers and ExportersI. Introduction:The purpose of this guidance note is to bring clarity about the impact of GST,which would come into force with effect from 01.07.2017, for importers and

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FM asks industry to pass on benefit of GST to Consumers

30 June 2017 at 10:30

Finance Minister holds Meeting with the representatives of trade and industry; Ask them to pass on the benefit of GST to consumers The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley asked the representatives of Trade and

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FM urges CM of J&K to implement GST in the state

27 June 2017 at 11:31

Union Finance Minister writes a letter to the Chief Minister of Jammu & Kashmir. Shri Jaitley urges CM Membooba Mufti Sayeed to implement GST in the State. The Union Finance Minister Sh. Arun Jaitley today has written a letter to the Chief Minist

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Provision relating to TDS and TCS in GST postponed to help Ecom companies

27 June 2017 at 11:30

With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax a

Posted in GST | 2 comments | 10968 Views

All States and UTs except J&K approves the State GST Act

22 June 2017 at 10:55

All States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017. As of today, all the States and Union Territories (having assemblies), except the State o

Posted in GST | 4 comments | 15273 Views