GST News

Major decisions taken during 32nd Meeting of the GST Council

10 January 2019 at 22:14

The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi took the following major decisions to give relief to MSME (including Small Traders) among o

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Key changes announced in 32nd GST council meeting today

10 January 2019 at 16:15

The 32nd GST Council Meeting was held today at New Delhi. The FM has announced some favorable reforms for the businesses. Here are the key updates from the 32nd GST Council Meeting The GST registration threshold limit doubled. Increased to Rs.40 lak

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Detection of Rs 15278 crore of GST evasion

10 January 2019 at 11:28

Investigation in 3626 cases of GST evasion/violations has been initiated in the present financial year by CGST (Central GST) formations (up to December, 2018).On the basis of investigation conducted so far it emerges that the amount of tax involved i

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Now pay extra for the pretty Sedan costing over 10 lakhs

05 January 2019 at 12:32

One of the recent amendments announced by the GST is the extra GST that you will now have to pay on the Tax Collected at Source by the automobile dealer.The government has said that the GST will be charged not just on the invoice value but also the T

Posted in GST | 4 comments | 3852 Views

Gist of the decisions of GST council meetings in 2018

05 January 2019 at 12:14

The GST Council has met 31 times so far. Till the 30th GST Council Meeting, a total of 918 decisions have been taken and 294 notifications have been issued by the Central Government. In the 31st GST Council Meeting held on 22nd December, 2018, a tot

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CBIC issues multiple notification for implementing changes made in 31st GST council meeting

02 January 2019 at 12:04

CBIC has notified the rate changes of various goods and services that were recommended by GST council in its 31st Meeting. These changes are applicable with effect from 1st January 2019.CGST Rate changes are given below for kind reference : 1

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GST revenue drop to 94726 crore in Dec 2018

02 January 2019 at 11:35

Rs. 94,726 crore of total gross GST revenue collected in the month of December

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Govt issues notification to waive late fees on GST

01 January 2019 at 23:29

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and CustomsNotification No. 75/2018 – Central TaxNew Delhi

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Result of GST Practitioner exam held on 17 December

27 December 2018 at 11:20

RESULT OF EXAMINATION OF GST PRACTITIONERS HELD ON 17.12.2018National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has conducted examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of second

Posted in GST | 8 comments | 11616 Views

Recommendations made during 31st Meeting of the GST Council

22 December 2018 at 22:26

The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accou

Posted in GST | 10155 Views