GST News


GST bill analysis by ICMAI

   29 March 2017 at 11:20

1. GST Bills 2017: CGST Bill 2017 UTGST Bill 2017 IGST Bill 2017 The Goods & Services Tax (Compensation To States) Bill, 20172. Clause by Clause Analysis for : CGST Bill 2017 UTGST Bill 2017 IGST Bill 2017Presentation on GST Bill - 2017

Posted in GST  2 comments |   6177 Views


CBEC renamed as Central Board of Indirect Taxes and Customs (CBIC)

   27 March 2017 at 10:59

FM approves the re-organisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST); CBEC is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), a

Posted in GST |   3876 Views


Releasing of GST Compensation to States

   25 March 2017 at 12:55

Pending introduction of GST in the Country, Union Cabinet in its meeting held on 17.03.2015, decided for payment of 100% CST compensation to the States/UTs for year 2010-11, 75% CST compensation for year 2011-12 and 50% CST Compensation for year 2012

Posted in GST  2 comments |   3360 Views


Cabinet abolishes cesses and surcharges in Custom and Excise to facilitate GST implementation

   23 March 2017 at 13:27

Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Union Cabinet chaired by the Prime Minister Shri Narendra Modi has a

Posted in GST  1 comments |   3798 Views


GST to help in reducing prices of various items

   23 March 2017 at 12:05

FM: Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India; For FDI, India is most preferred destination in the world today; Major indirect tax reform in

Posted in GST  1 comments |   4023 Views


Union Cabinet chaired by the PM approves the 4 GST related bills today

   20 March 2017 at 16:49

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approves the four Goods and Services Tax (GST) related bills today The GST law will be the biggest reform in the area of Indirect Taxes in the history of independent India The Union C

Posted in GST  2 comments |   16032 Views


GST is expected to have positive effect on trade and consumers

   11 March 2017 at 12:05

The 122nd Constitution Amendment Bill, 2014 has been passed by the Parliament and after ratification by fifty percent of the States, the same has been enacted as 101st Constitution Amendment, Act, 2016. No Goods and Service Tax (GST) Bill has so far

Posted in GST |   3867 Views


Roll out of GST by 1st July 2017

   11 March 2017 at 12:05

Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 The GST Council in its 9th Meeting held on 16 January 2017 took note of the work to be completed for the rollout of GST and aft

Posted in GST  4 comments |   6537 Views


GST council approves the CGST and IGST bill

   06 March 2017 at 11:11

Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill. The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under

Posted in GST  1 comments |   9732 Views


Tax Relief under GST

   06 February 2017 at 11:35

All decisions of GST Council so far have been taken unanimously. Various states may have different points of view on an issue but the final decisions have been unanimous. The issue regarding treatment of the existing tax incentive schemes of the Cent

Posted in GST  3 comments |   12507 Views



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