GST News

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

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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

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Govt emphasizes that GST will be rolled out on 1st July

13 June 2017 at 16:47

Government emphasizes that Goods and Services Tax (GST) is scheduled to roll-out on 1st July, 2017; CBEC in coordination with the State Governments has increased their Outreach Programmes so as to reach the last trader. The Government of India has em

Posted in GST | 7 comments | 10536 Views

1st July is not feasible for GST introduction says BCAS

13 June 2017 at 11:15

Sub: Suggestions for Smooth Implementation of GST 1st July is not feasible for introduction As appears from the news paper reports, it looks like, that the Government is in a hurry to implement GST with immediate effect. The proposed date, 1st July 2

Posted in GST | 38 comments | 50085 Views

Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th June 2017

12 June 2017 at 16:37

Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th of June 2017 1. In the list of service tax exemptions to be continued in GST as approved by the GST Council, after S.No. 83, the following shall be inserted &nd

Posted in GST | 4692 Views

Final GST Registration Rules and Format of Forms

12 June 2017 at 16:37

CHAPTER---REGISTRATION1. Application for registration(1) Every person (other than a non-resident taxable person, a person required to deducttax at source under section 51, a person required to collect tax at source under section 52 anda person supply

Posted in GST | 1 comments | 9918 Views