GST News

Cabinet Secretary reviews preparedness for smooth roll out of GST from 1st July

21 June 2017 at 11:11

Cabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017; Asks Secretaries of different Departments and CMDs of CPSUs to take full responsibility of their respective stake-holders and ensure the successful imp

Posted in GST | 6990 Views

Final various GST rules and formats released

20 June 2017 at 16:36

Final various GST rules and formats released PFA the file for details

Posted in GST | 3 comments | 21213 Views

Meeting on GST rollout in Northeast

20 June 2017 at 11:11

MoS Dr Jitendra Singh chairs a meeting on GST rollout in Northeast The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra

Posted in GST | 3216 Views

GST Council decisions on Composition Levy & GST rate on certain goods

19 June 2017 at 10:56

RECOMMENDATIONS REGARDING THE COMPOSITION LEVY AND GSTRATE ON CERTAIN GOODS[As per discussions in the 17th GST Council Meeting held on 18th June, 2017]I. The Turnover Limit for the Composition Levy:1. The GST Council, in its meeting held on 11th June

Posted in GST | 8250 Views

Decisions taken by the GST Council in the 17th meeting

19 June 2017 at 10:56

Decisions taken by the GST Council in the 17th meeting - 18 June 2017I. Decisions with respect to GST rates for Services1. It has been decided in respect of the service of transport of goods by a vessel that GST rate of 5% will be available with ITC

Posted in GST | 7 comments | 28911 Views

Relaxation in return filing procedure for first two months of GST implementation

18 June 2017 at 19:32

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the

Posted in GST | 7 comments | 10527 Views

Reduced Liability of Tax on complex, building, flat etc under GST

16 June 2017 at 10:58

The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12% in respect of under construction flats, complex etc, the people who have booked flats and made part payment are being asked to m

Posted in GST | 3 comments | 15189 Views

Reduced tax liabilities under GST regime for 89 items

16 June 2017 at 10:58

The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.In a majority of sup

Posted in GST | 12039 Views

17th GST council meeting scheduled on Sunday, 18th June

15 June 2017 at 16:06

The Union Finance Minister to chair the 17th Meeting of the GST Council on Sunday, 18th June, 2017 The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 17th Meeting of the GST Council scheduled to be held on

Posted in GST | 8 comments | 11703 Views

Carry Forward of unavailed Cenvat Credit for natural resources

15 June 2017 at 11:33

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediate

Posted in GST | 3351 Views