GST News

FAQ and MCQ on GST by ICAI

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

Services on which rate of GST reduced to 12%

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

List of Goods for change in GST rate recommended

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

Increase in rate of the Compensation Cess on motor vehicles

Increase in rate of the Compensation Cess on certain specified motor vehiclesAs per discussions in the GST Council Meeting held on 9th September, 2017:Segment Heading PresentCompensation Cess rate Proposed Compensation Cess ratePassenger Vehicles of

Date for GSTR1 filing for July extended to 10th October

GSTR return filing date extended to 10th September

GSTR return filing date extended to 10th September

Late fee waived for delay in GSTR 3B filing

The Goods and Services Tax (GST) tax was introduced on 1stof July 2017. The last date for payment of GST for the month of July 2017 was 25th August 2017. Payment of GST is complete only when amount of tax payable is debited from electronic cash / c

Eway bill rules notified

[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.27 /2017 – Central TaxNew Delhi, the 30th

Cabinet clears hike in compensation cess to 25 percent on luxury

Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordina

Rs 92000 crore collected from first GST filing

The Goods and Services Tax (GST) tax was introduced on 1st of July, 2017. The last date for payment of GST for the month of July 2017 was 25th August, 2017. The last date for filing returns in cases, where the taxpayer wanted to avail transitional