GST News

GST revenue dips to 90669 crore for August

27 September 2017 at 11:31

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283

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GST Actionable Claim On Branded Food Products

23 September 2017 at 13:16

Notification Issued For GST Actionable Claim On Branded Food Products The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, inter alia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit co

Posted in GST | 1 comments | 6297 Views

Blockage of Working Capital of Exporters

23 September 2017 at 13:16

There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports

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Clarification about 65000 crore transitional credit

23 September 2017 at 13:16

There are lot of speculations in the media about the credit of Rs. 65,000 crore claimed by taxpayers in respect of Central Excise and Service Tax in the pre-GST period. Some people are under the impression that because of Rs. 65,000 crore claimed as

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Submission of GST Tran-1 period extended till 31st October

22 September 2017 at 10:56

F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board ofFrise and Customs New Delhi, the 21st September. 2017 Order No. 03/2017-GST Subject: Extension of time limit for submitting the declaration in FORM G

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GST rate for branded cereal, pulses and flour

21 September 2017 at 10:47

The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit container and bearing a registered brand name: a) A brand registered as o

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Seventh amendment to the CGST Rules, 2017

18 September 2017 at 10:51

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and CustomsNotification No. 34/2017 - Central TaxNew Delhi, the 15th Septe

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FAQ and MCQ on GST by ICAI

14 September 2017 at 10:37

Levy and Collection of TaxFAQ�sScope of supply (Section 7)Section 7 of the Central Goods and Services Tax Act, 2017 (�the CGST Act, 2017� or �the CGST Act�) made applicable to IGST vide Section 20 of the Integrated Goods

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Services on which rate of GST reduced to 12%

11 September 2017 at 10:39

Decisions taken on Services – 21st GST Council Meeting, 9th September, 2017The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September, 2017. The information is being uploaded immediately after t

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List of Goods for change in GST rate recommended

11 September 2017 at 10:39

The GST Council has recommended changes in the GST rates on the following goods: S. No. HSN Description Present GST Rate Recommended GST rate 1. 0802 Walnuts, whether or not

Posted in GST | 4 comments | 14292 Views