GST News

Benefits of GST for the Transport Sector

27 July 2017 at 11:06

The transport sector stands to benefit from the recently rolled out GST in several ways. Pre- GST, the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance and deposit of interstate sales ta

Posted in GST | 8829 Views

Selection of Chairman of National Anti profiteering authority under GST

26 July 2017 at 10:43

GST Council forms a Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as the Chairman and Members of the National Anti-profiteering Authority under GST The GST Council has forme

Posted in GST | 3063 Views

Impact of GST on Civil Aviation Sector

26 July 2017 at 10:43

Under the GST regime the applicable tax rate on economy class passenger tickets has been reduced from 6% to 5% (non-creditable for goods), while the tax rate on business class has been increased from 9% to 12% with input tax creditable for both goods

Posted in GST | 3144 Views

Case study on birth of GST released

26 July 2017 at 10:43

The Union Finance Minister, Shri Arun Jaitley releases a Case Study on the Birth of the Goods and Services Tax (GST) in India � �The GST Saga: A Story of Extraordinary National Ambition� in national capital today. A Case Study on th

Posted in GST | 4242 Views

GST Offline Tool to collate and upload the invoices

25 July 2017 at 11:19

Returns Offline Tool Version V1.0Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Download gst_offline_tool.zip will contain following four filesSample_filesOffline Tool User ManualRead

Posted in GST | 3 comments | 9528 Views

Date for Cancellation of GST Registration extended upto 30th September

24 July 2017 at 10:58

To address the concerns of taxpayers arising from Transition to the GST regime, the Government decides to extend the time limit for filing intimation for Composition Levy (filing of intimation FORM GST CMP-01) up to 16th August, 2017; The period of a

Posted in GST | 3 comments | 8838 Views

Extension of time limit for filing intimation for composition levy

22 July 2017 at 18:33

F. No. 345/114/2017-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and CustomsGST Policy Wing***New Delhi, the 21st July, 2017Order No. 01/2017-GSTSubject: Extension of time limit for filing intimation for comp

Posted in GST | 4 comments | 6303 Views

GST applicability in CS Exams

22 July 2017 at 12:19

Applicability of GST in December 2017 Examination- Executive Programme Dear StudentsWe are pleased to inform you about the introduction of Goods & Services Tax (GST) in the Taxation Curriculum of CS Executive Programme under Tax Law and Practice

Posted in GST | 1 comments | 10314 Views

Cabinet approved IGST and CGST Amendment Bill 2017

20 July 2017 at 10:55

Cabinet approves Central Goods and Services Tax (Amendment) Bill, 2017 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu

Posted in GST | 1 comments | 5940 Views

Star rating of hotels irrelevant for GST

19 July 2017 at 10:46

Government clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will attract GST @ 18% ; Star rating of hotels is, therefore, irrelevant for de

Posted in GST | 3954 Views