GST News



7-Member Group of Ministers (GoM) constituted for boosting the Real Estate Sector under the GST regime by providing a Composition Scheme for Residential Construction Units among others In pursuance of decision in the 32nd Meeting of GST Council held on 10th January, 2019 at New Delhi, a..

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The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi gave approval for  the following:  i.  Changes made by CGST (Amendment) Act,2018, IGST (Amendment) Act, 2018..

Posted in GST  9 comments |   2509 Views




The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi took the following major decisions to give relief to MSME (including Small Traders) among others - 1. Increase in Turnover ..

Posted in GST |   1462 Views




The 32nd GST Council Meeting was held today at New Delhi. The FM has announced some favorable reforms for the businesses. Here are the key updates from the 32nd GST Council Meeting The GST registration threshold limit doubled. Increased to Rs.40 lakhs from the existing Rs.20 lakhs. Compo..

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Investigation in 3626 cases of GST evasion/violations has been initiated in the present financial year by CGST (Central GST) formations (up to December, 2018). On the basis of investigation conducted so far it emerges that the amount of tax involved in these 3626 evasion/violations cases as menti..

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The GST Council has met 31 times so far. Till the 30th GST Council Meeting, a total of 918 decisions have been taken and 294 notifications have been issued by the Central Government. In the 31st GST Council Meeting held on 22nd December, 2018, a total of 29 decisions were taken which have been imple..

Posted in GST |   2608 Views




One of the recent amendments announced by the GST is the extra GST that you will now have to pay on the Tax Collected at Source by the automobile dealer. The government has said that the GST will be charged not just on the invoice value but also the TCS value collected. TCS is applicable at th..

Posted in GST  3 comments |   768 Views




CBIC has notified the rate changes of various goods and services that were recommended by GST council in its 31st Meeting. These changes are applicable with effect from 1st January 2019. The rate changes are given below : Sr.No. Notification No. & Dates Subject ..

Posted in GST  2 comments |   4898 Views




GST Revenue collection for December 2018 Rs. 94,726 crore  of  total gross GST revenue collected in the month of December The total gross GST revenue collected in the month of December, 2018 is Rs. 94,726 crore of which CGST is Rs. 16,442 crore, SGST is Rs..

Posted in GST |   287 Views




[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 75/2018 – Central Tax New Delhi, the 31st December, 2018 G.S..

Posted in GST  7 comments |   2162 Views






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