Search Results for Tag : One-Nation_One-Tax
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#GST: Registered Persons Can Claim Refund of Integrated Tax on Export of Goods/Services(03.07.2017)
Govt has notified amended rules relating to CGST which has inserted a new clause, Rule 96A to CGST Rules that allows a registered person to claim refu.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies GST Compensation Cess Rules, 2017(03.07.2017)
Government has notified GST Compensation Cess Rules, 2017 in order to compensate loss of manufacturing States under new indirect tax regime for first .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Unregistered Dealers Can Claim Cenvat Credit for Goods Purchased before GST Rollout(03.07.2017)
Govt has notified that dealers who are not registered under Central Excise Act but is registered with CGST can claim Cenvat Credit for goods purchased.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies Reduced Rate of Fertilizers under CGST(03.07.2017)
Govt has notified rates approved by GST Council on Fertilizers under CGST Act, UTGST Act and IGST Act. As per the notification, Mineral or chemical fe.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: GST Compensation Cess on Vehicles Transporting up to 13 Persons(03.07.2017)
Govt has amended its earlier notification dated 28.06.2017 which levies 15% GST Compensation cess on motor vehicles for transport of 10 or more person.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Assessee Having Provisional ID must Complete Registration Procedure by September(03.07.2017)
Govt has clarified that a period of three months is allowed to complete procedure of issue of Goods and Services Tax Identification Number (GSTIN) i.e.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies Rate of Goods and Services under IGST & UTGST(03.07.2017)
Central Government has notified a number of notifications prescribing rates applicable for goods and services under IGST and UTGST Acts.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Unutilized ITC Will Not be Refunded on Construction Services under UTGST(03.07.2017)
Central Board of Excise and Customs has notified that refund is not allowable under Union Territory Goods and Services Tax (UTGST) Act in case of cons.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Amends Customs, Central Excise Duties and Service Tax Drawback Rules(03.07.2017)
Government has amended Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 with a view to insert necessary changes to drawback rules u.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Lays Down Procedure for Intimating Aadhaar Number to IT Dept(03.07.2017)
Central Government has notified procedure for intimating Aadhaar number with Income Tax Department in compliance with provisions of section 139AA of I.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Border Commercial Tax Checkposts in 22 States Abolished(04.07.2017)
As many as 22 states have abolished Border Commercial Tax checkposts after rollout of Goods and Services Tax (GST) on July 1, marking a big step towar.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Firms Can Sell ‘Unsold Stock’ at Reprinted MRP Till Sept 30(05.07.2017)
Central Government has allowed change in MRP on unsold stock prior to implementation of Goods and Services Tax (GST) till 30th September 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Releases FAQs on Composition Levy(06.07.2017)
Central Government has released Frequently Asked Questions (FAQs) on Composition levy under new indirect tax law, GST.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Allows Manual filing of Bond/Letter of Undertaking for Exports(06.07.2017)
Central Board of Excise and Customs (CBEC) has clarified that exporters can manually submit Bond/ Letter of Undertaking for exports.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: 5% Tax on Branded Goods Applicable Only if Brand/ Trade Name is Registered Under TM Act(06.07.2017)
Central Government has clarified that unless the brand name or trade name is actually on Register of Trade Marks and is in force under Trade Marks Act.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: 18% IGST on Renting of Transport Vehicles Other than Motorcabs(10.07.2017)
Central Government has issued a corrigendum to its earlier Notification No. 8/2017 dated 28.06.2017 whereby rental services of transport vehicle other.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Government Adds Sanitary Napkins to 12% Tax Slab(11.07.2017)
Government has said that sanitary napkins will attract a GST rate of 12%, a shade lower than 13.7% in the previous indirect tax regime.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: No GST on Annual Gifts By Employer of Less Than Rs. 50,000(11.07.2017)
Ministry of Finance has clarified that gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies GST Exemption to Import of Aircraft, Aircraft Engines and Its Parts(12.07.2017)
Central Government has notified exemption to the import of aircraft, aircraft engines and its parts procured on lease from the the Goods and Services .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: No GST on Free Food Supplied in Anna Kshetras(12.07.2017)
Finance Ministry has clarified that Goods and Services Tax (GST) is not applicable on free food supplied in Anna Kshetras run by religious institution.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Delhi HC Says 'No Coercive Action Against Lawyers, Law Firms For Non-Compliance With GST'(14.07.2017)
Delhi High Court has directed the Centre to abstain from taking any coercive action against lawyers and law firms for non-compliance with any legal re.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Services by Educational Institution to Students, Faculty, Staff Exempt from GST(14.07.2017)
Ministry of Finance has clarified that services provided by an educational institution to students, faculty and staff are fully exempt from Goods and .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Registration for Tax Deductor and Tax Collector will Start from July 25(06.07.2017)
Government has decided to open the registration window for Tax Deductors and Tax collectors from July 25.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: WB Govt Prohibits Tax Deduction/ Collection under WB VAT Act(06.07.2017)
West Bengal Government has said that no TDS/TCS shall be collected under WB VAT Act till the enforcement of TDS/TCS provisions under GST Acts.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: President Promulgates CGST & IGST Ordinances for Jammu & Kashmir(10.07.2017)
President Pranab Mukherjee has promulgated two ordinances regarding introduction of Goods and Service Tax (GST) in Jammu and Kashmir.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: FM Launches Mobile App ‘GST Rates Finder’(10.07.2017)
Union Finance Minister Arun Jaitley has launched a mobile app “GST Rates Finder” which is now available on android platform and will soon be available.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Clarification on Migration, New Registration, Opting for Composition Scheme Etc Issued(10.07.2017)
Ministry of Finance has issued clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply. Any person wh.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies Safeguards for Furnishing LoU in place of a Bond for Exports(10.07.2017)
Central Board of Excise and Customs (CBEC) has notified conditions and safeguards for registered person who intends to supply goods or services for ex.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies IGST Exemption to Goods & Services Imported to SEZ(10.07.2017)
Central Government has notified exemption to Integrated Goods and Services Tax (IGST) on all goods and services imported from special economic Zones (.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Services by Residents Welfare Association Not to Become Expensive under GST(14.07.2017)
Ministry of Finance has clarified that services provided by Housing Society Residents Welfare Association not to become expensive under Goods and Serv.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Legal Services By Individual Lawyers, Senior Lawyers,Law Firms Liable For GST Under RCM(17.07.2017)
Ministry of Finance has clarified that legal services provided by an individual advocate including a senior advocate and a firm of advocates are liabl.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST:Services By Educational Bodies, Including Boarding & Lodging Facilities, Fully Exempt From GST(17.07.2017)
Finance Ministry has clarified that there is no change in tax liability relating to education and related services in the GST era, except reduction in.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Non-Registration with GST After July 30th Would Attract Penalty(17.07.2017)
Finance Ministry has said that traders should obtain registration under Goods and Service Tax (GST) law at the earliest without waiting for the last d.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Taxpayers Can Opt for Composition Scheme till July 21(17.07.2017)
Govt has said that small businesses with turnover of up to Rs 75 lakh can opt for composition scheme under Goods and Services Tax regime till July 21.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Registered Person Dealing with 2nd Hand Goods Can Avail Benefits of Margin Scheme(17.07.2017)
Central Government has clarified that any registered person dealing in buying and selling of second hand goods can avail benefit of Margin scheme subj.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: CBEC Issues Revised Rates of Rebate of State Levies on Export of Garments, Textile(17.07.2017)
Central Board of Excise and Customs (CBEC) has released revised rates of rebate of state levies on export of garments and textile made-up articles whi.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Council Reviews Cess on Cigerrates, New Rates Applicable from Monday Midnight(18.07.2017)
Goods and Services Tax (GST) Council has raised GST compensation cess on cigarattes over higher rate of 28 per cent.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: 12% GST on Citrus Fruits, Clementines, Wilkings, Grape Fruits Including Lemons and Limes(18.07.2017)
Central Government has issued a corrigendum to Notification No.1/2017-Central Tax (Rate), dated 28th June, 2017 stating that citrus fruits, clementine.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Delhi High Court Notices Centre Over Plea Against 12% GST on Sanitary Napkins(19.07.2017)
Delhi High Court has sought response of Centre on a plea against imposition of 12 per cent GST on sanitary napkins.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Delhi HC Questions Legality of Centre’s Press Release on GST on Legal Services(19.07.2017)
Delhi HC has asked Centre to clarify “legal sanctity” of press release, wherein it was clarified that legal services provided by an individual Advocat.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Assam Notifies List of Documents Required for Transit of Goods(19.07.2017)
Government of Assam has notified list of documents which shall be carried by a person in charge of the conveyance at the time of consignment of goods .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Centre Says Hotel Tariffs upto 7500 to Attract 18% GST Irrespective of Star Rating(19.07.2017)
Government has clarified that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than IN.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: GSTN Portal Begins Invoice Uploading for Businesses(25.07.2017)
GSTN portal has started accepting uploading of sale and purchase invoices of businesses generated post Goods and Services Tax rollout on July 1.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: IGST on High Sea Sales of Imported Goods is Payable at Time of Clearance(03.08.2017)
Central Board of Excise and Customs (CBEC) have clarified that Integrated Goods and Services Tax (IGST) is payable on High Sea Sales of goods imported.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GSTN Asks Traders to File July Returns from 5 Aug Onwards(04.08.2017)
Goods and Services Tax Network (GSTN) will open the facility of filing returns from 5th August 2017. By this, the first GST return for the month of Ju.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Council Confirms Applicability of RCM on Legal Services(08.08.2017)
GST Council has confirmed applicability of reverse charge mechanism on all legal services provided to business entities.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Council Freezes Rate for Textile Job Works at 5%, Cuts Rate for Govt Works Contract to 12%(08.08.2017)
GST Council in its 20th meeting has fixed GST rate for textile job works at 5 percent, and cut rate for government works contract to 12 percent with b.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Council Freezes Rate for Printing Books, Newspapers at 12% If Services Supplied by 3rd Party(08.08.2017)
GST Council has said that tax rate of job work for printing books and newspapers will be 12% if service is supplied by someone else, while GST rate wi.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Council Brings Down Tax Rates on Agricultural Services to 12%(08.08.2017)
GST Council has brought down agriculture services, tax rate of post-harvest and storage to 12% from current 18%. Tax rate for entry into planetariums .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Council Says for 'Rent a Cab Service' Rate will be 12% If Service Provider Does Not Claim ITC(08.08.2017)
GST Council has said that in case of 'rent a cab service', GST rate will be 12% if service provider does not wish to claim Input Tax Credit (ITC), whi.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC Asks Exporters to Register their Bank Accounts with Customs for IGST Refunds(08.08.2017)
Central Board of Excise and Customs (CBEC) has asked exporters to register their Bank Accounts with Customs for Integrated Goods and Services Tax (IGS.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC: Royalty Paid to Govt for Right to Use Natural Resources Subject to GST Under RCM(22.08.2017)
Central Board of Excise and Customs (CBEC) has clarified that license fee, lease charge, royalty etc paid to Government for assigning right to use nat.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: E-Commerce Operators Providing House-keeping Services Are Liable to Pay GST(24.08.2017)
Central Government has notified that E-Commerce Operators would be liable to pay Goods and Services Tax (GST) for providing house-keeping services und.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Clarifies Applicability of GST on Selling of Space for ads in Print Media(24.08.2017)
Govt has clarified that selling of space for ads in print media is leviable to GST @ 5%, if ad agency works on principal to principal basis. If ad age.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Clarifies Applicability of GST on Services by Fair Price Shops(24.08.2017)
Central Government has clarified that services provided by Fair Price Shops to Government are exempted from the ambit of new Goods and Services Tax (G.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Services of FIFA to Attract NIL GST(24.08.2017)
Central Government has exempted services provided by and to Fédération Internationale de Football Association (FIFA) and its subsidiaries directly or .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: LLPs Must be Treated as a Partnership Firm or Firm under GST Regime(24.08.2017)
Central Government has notified that Limited Liability Partnerships (LLP) registered under 2008 Act must be considered as a partnership firm or Firm u.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Composite Supply of Works Contract Provided to Govt Attracts 12% GST(24.08.2017)
Government has reduced rate of GST applicable to specified supply of works contract services to 12 per cent from the current 18%. Transport of passeng.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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President Promulgates Ordinance to Raise GST Compensation Cess on Motor Vehicles(04.09.2017)
President Ram Nath Kovind has promulgated an ordinance to raise the compensation cess levied luxury, sports utility and large cars under the Goods and.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Deadline for Filing GST Returns(06.09.2017)
GIC (GST Implementation Committee) has decided to extend date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Cess Hike in Cars to Take Effect from Today(11.09.2017)
GST Council has decided to hike cess on mid-sized cars by 2%, taking the effective GST rate to 45%. Also, cess on large cars has been hiked by 5%, tak.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: TDS, TCS Deductors Can Apply for GST Registration from 18 September(11.09.2017)
Goods and Services Tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the date f.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Council Alters Tax Rates for Over 40 items(11.09.2017)
GST Council has slashed tax rates for Walnuts, broom, clay idols custard powder, idly-dosa batter, rubber bands, raincoat, dhoop batti, saree fall, co.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Deadline for GSTR 1 Filing Extended to October(11.09.2017)
GSTR1, which was to be filed by Sep 10, can be filed till Oct 10 by smaller businesses and large ones by Oct 3. GSTR-2 for July will have to be done b.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Haryana Govt Issues Guidelines for Inspection/ Detention of Conveyances(11.08.2017)
Haryana State Government has issued guidelines for road side checking and inspection/detention of conveyances under GST regime. As per GST law, Govt. .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: CBEC Clarifies 'Manufacturer of Food Items Can Claim ITC on Rent'(17.08.2017)
Central Board of Excise and Customs (CBEC) has clarified that a manufacturer of taxable food items is eligible to claim input tax credit on the rental.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: CBEC Clarifies 'Food Supplied in Non-AC Areas of A/C Restaurants Attracts 18% GST'(17.08.2017)
Central Board of Excise and Customs (CBEC) has clarified that 18 per cent GST is applicable to food supplied in non-A/C areas of an A/C restaurant.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Return Filing Date Extended for Taxpayers Availing Input Tax Credit(18.08.2017)
Central Government has extended due date for filing of Goods and Services Tax (GST) return for taxpayers who want to avail the transitional input tax .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: CBEC Says 'Tractors to Attract 18% Tax'(21.08.2017)
Central Government has notified that 18 per cent GST is applicable to tractors. Earlier, a highest rate of 28% was applicable on tractors.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Kerala Assembly Passes State GST Bill, 2017(21.08.2017)
Kerala Legislative Assembly has passed the Kerala Goods and Services Tax Bill, 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies Amended CGST Rules, Releases Form for Grant of UIN to UN Bodies(21.08.2017)
Central Government has notified the amended Central Goods and Services Tax (CGST) Rules, 2017. It also released the application/form for grant of Uniq.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GSTN Starts Offline Utility for Filing GSTR-3B(23.10.2017)
Goods and Services Tax Network (GSTN) has launched an excel based offline tool for filing GSTR 3B. Taxpayers can download offline utility from GSTN po.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Rate on Food Packages Distributed to EWS under Govt Approved Programmes Reduced(23.10.2017)
Central Government has notified that only 5% GST is leviable on food preparations put up in unit containers and intended for free distribution to econ.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Madras HC Strikes Down Provision of TNVAT Act Disallowing Input Tax Credit to Jewellers(23.10.2017)
Madras High Court has quashed the order of Commercial Tax department disallowing Input Tax Credit (ITC) to jewelers across Tamil Nadu.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Notifies CGST (Tenth Amendment) Rules(23.10.2017)
Central Government has notified 10th amendment to Central Goods and Services Tax (CGST) Act, 2017. The amended notification says that for claiming ref.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Waives Late Fee for August and September Returns(25.10.2017)
Central Government has clarified that no late fee would be levied on tax payers who failed to furnish the return in FORM GSTR-3B for the month of Augu.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Notifies 0.1% GST on Intra-State Supply of Goods between Registered Persons for Exports(25.10.2017)
Central Government has notified Integrated tax of 0.1% and Central Tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier t.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: Govt Extends Due date for filing GST ITC-04(26.10.2017)
Central Government has extended due date for filing ITC-04 for details of goods/capital goods sent to job worker and received back.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Time Limit for Intimation of Details of Stock held Before Opting for Composition Levy(30.10.2017)
Central Government has extended time limit for intimation of details of stock held on the date preceding the date from which option for composition le.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Notifies Acts Extending CGST & IGST to Jammu & Kashmir(28.08.2017)
Central Government has notified CGST and IGST Acts extending Goods and Services Tax (GST) laws to the State of Jammu and Kashmir.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Extends Due Date for Filing GSTR-6(29.08.2017)
Central Government recently extended the due date for filing GSTR-6 till September. As per the new Notification, Input Service Distributor can file re.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Intelligence Arm to be Regulator for Gems & Jewellery Sector Under PMLA to Monitor Black Money(29.08.2017)
GST intelligence arm, Directorate General of Goods and Service Tax Intelligence, has been named the regulator for dealing with money laundering cases .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Government: Non-Monetary Fringe Benefits Received by Employees are Subject to GST(29.08.2017)
Central Government has clarified that non-monetary fringe benefits received by an employee from his employer is subject to tax under the new indirect .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Clarifies, 'Lottery is a Good under GST Regime'(30.08.2017)
Central Board of Excise and Customs has said that supply of lottery has been treated as supply of goods under Central Goods and Services Tax (CGST) Ac.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC: Online Info., Database Access Suppliers From Outside India Gets Relaxation For Return Filing(30.08.2017)
Central Board of Excise and Customs (CBEC) has extended the due date of filing return for persons providing Online Information and Database Access or .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Government Notifies E-Way Bill Rules(31.08.2017)
Government has notified the E-way Bill Rules, 2017 keeping some items of mass consumption such as vegetables, fruits, food grains, meat, bread, curd,.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Council Slashes Rates for 27 Items(09.10.2017)
GST Council has lowered tax rates on 27 products and a few services and asked a panel of state ministers to examine if 18% GST on air-conditioned rest.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Council: Exports Are Tax Free for 6 Months(09.10.2017)
GST Council has said that exporters are exempted from the Integrated Goods and Services Tax (IGST) for 6 months.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt: No Further Extension of Last Date for Filing GSTR-1 for July(10.10.2017)
Government has said that there will not be any further extension for filing GSTR-1 for the month of July. The last date for filing GSTR-1 for the mont.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Supreme Court: Lessee Should Collect GST on Sale Value of Mineral Purchased in E-Auction(11.10.2017)
Supreme Court has directed that buyer of the mineral purchased in the e-auction shall pay Goods and Services Tax (GST) on the sale value directly to t.....
Tags : Supreme Court, Goods and Services Tax (GST), One-Nation_One-Tax
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Finance Ministry: Leasing of Vehicles Purchased & Leased Prior to GST Rollout Would Attract GST(13.10.2017)
Finance Ministry has clarified that leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the a.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST:Threshold Limit for Registration Applicable for Persons Making Inter-State Supplies of Services(16.10.2017)
Central Government has notified that persons making inter-State supplies of services having turn over above 20 Lakhs are bound to obtain registration .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Defers Reverse Charge Mechanism under GST till 31st March(16.10.2017)
Central Government has notified that the implementation of provisions relating to reverse charge mechanism will be applicable from 1st April 2018.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Delhi Govt Notifies GST Exemption to Intra-State supply of Heavy Water and Nuclear Fuels(10.11.2017)
Delhi Government has notified that intra-state supply of heavy water and nuclear fuels will be out of the ambit of Goods and Services Tax (GST).
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: Only 50 Items to Remain in 28 Percent Slab(10.11.2017)
GST Council has decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28% bracket.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: 18% Rate for Chewing Gums, Chocolates, After Shave(10.11.2017)
GST Council has said that 18% GST will be levied on chewing gums, chocolates, after shave, deodorant, washing power, detergent, marble.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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No IGST on Import of Specific Sports Goods by Sports Persons of Outstanding Eminence(13.11.2017)
GST Council has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrated Goods and Services.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Council: File Form GSTR-3B by 20th of Succeeding Month Till March, 2018(13.11.2017)
GST Council has said that all taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Council Reduces Fine for Late Filing of Return to Rs. 20 from Rs. 200 per day(13.11.2017)
GST Council has said that for filing FORM GSTR-3B, the amount of late fee payable by a taxpayer whose tax liability for that month was ‘NIL’ will be R.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Time limit for Filing of Return by Composition Dealer(16.11.2017)
Central Government has notified that the time limit for filing GST return in Form GSTR-4 by the Composition dealer is extended to 24th December 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Due Dates for Filing GSTR-1 by Taxpayers with Aggregate Turnover of More than 1.5 Crore(16.11.2017)
Central Government has extended due dates for furnishing of GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores. The due dat.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Due Dates for Filing GSTR-1 by Taxpayers with Aggregate Turnover of Upto 1.5 Crore(16.11.2017)
Central Government has extended due dates for furnishing of GSTR-1 for those taxpayers with aggregate turnover of upto Rs.1.5 crores. The due dates ar.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Due Date for Furnishing GSTR-5 by Non-Resident Taxable Person Extended to 11th December(16.11.2017)
Central Government has extended time limit for furnishing the return by a non-resident taxable person in FORM GSTR-5 under the Goods and Services Tax .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Due Date for Filing GSTR-5A to 15th December(16.11.2017)
Central Government has extended the due date for filing of return in FORM GSTR-5A for the months of July to October, 2017 till 15th December 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Notifies Due Dates for Furnishing FORM GSTR-3B till March 2018(16.11.2017)
Central Government has notified the due dates for furnishing the returns in FORM GSTR-3B till March 2017. As per the Notification, returns for January.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC Notifies 2.5% CGST for Standalone Restaurants Without Input Tax Credit and 9% for Others(16.11.2017)
Central Board of Excise and Customs (CBEC) has notified that standalone restaurants are liable to pay CGST @ 2.5% whereas other restaurants would pay .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt. Notifies GST Rate of 2.5% on Scientific & Technical Equipments Supplied to Certain Institutions(16.11.2017)
Central Board of Excise and Customs (CBEC) has notified Concessional Goods and Services Tax (GST) rate of 2.5% on Scientific and Technical Equipments .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST on Supply of Raw Cotton by Agriculturist will be Paid by Recipient Under Reverse Charge: CBEC(16.11.2017)
Central board of Excise and Customs (CBEC) has notified that Goods and Services Tax (GST) on supply of Raw Cotton by agriculturist will be liable to b.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: President Gives Nod to Four GST Bills, One-Nation_One-Tax Regime Roll Out Likely From July 01(13.04.2017)
President Pranab Mukherjee has given his approval to four supporting legislations related to Goods and Services Tax (GST), paving way for roll out of .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST Rollout: Central Government Declares 1st July as ‘GST Day’(23.06.2017)
Union finance ministry has said that GST Day will be celebrated across all field offices of Central Board of Excise and Customs (CBEC) on July 01, in .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Government Reopens Window for GST Registration From June 1(12.05.2017)
Government has decided to reopen window for GST registration for 15 days from June 1 for taxpayers to enroll themselves with the Goods & Service Tax N.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Council Seals Four Tier Tax Slab For Services, 13 in 5% Bracket, Education, Healthcare Exempted(22.05.2017)
GST Council has finalised tax rates for services. Education and healthcare have been exempted from GST regime. Telecoms and financial services will be.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
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#GST: Council Exempts 83 Services From GST Regime, Fits About 500 Services Under Four Slabs(22.05.2017)
Rail, air and road transport will fall in the 5 per cent tax slab. Hotels with tariff under Rs 1,000 will be exempt from GST, those between Rs 1,000-2.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
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#GST Council: Legal Services, Education, Health are Tax Free Under GST(22.05.2017)
Services by Government, Local authorities, RBI, educational institutions, incubate, services by way of slaughtering animals, insurance services and se.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
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Odisha Paves Way For July 1 GST Rollout, Passes State GST Bill(22.05.2017)
Odisha State Legislative assembly has unanimously passed State Goods and Services Tax (SGST) Bill, 2017 and VAT Bill, 2017.
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
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#GST: Govt Notifies Date & Conditions for E-Filing of Form to Avail Transitional ITC(21.08.2017)
Central Government has notified the conditions for furnishing return in FORM GSTR-3B electronically through common portal for the month of July, 2017,.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Re-opens Registration Window for Opting Composition Scheme till 30th Sep(11.09.2017)
Goods and Services Tax (GST) Council has re-opened the registration window for composition scheme till 30th September.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Government Extends Due Date for Filing GSTR for July by ISD to Oct 13(14.09.2017)
Central Government has extended the due date for filing of returns for the month of July by Input Service Distributor to October 13th.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: Registration Window for GST Composition Scheme Open Now(18.09.2017)
Government has opened option for GST Composition Scheme for the assessment year 2017-18 for small traders. The persons who want to avail the benefit o.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Kerala HC Permits Release of Seized Goods on Payment of 50% of Demand as per GST Laws(18.09.2017)
Kerala High Court has directed Commercial Tax Officer to release detained goods on payment of 50% of demand as per the new Goods and Services Tax (GST.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Extends Deadline for Composition Scheme(25.07.2017)
Government has extended deadline for small businesses to opt for composition scheme in GST regime by nearly four weeks to August 16.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: National Anti-profiteering Authority Set Up to Aid Consumer Confidence(26.07.2017)
GST Council has formed a selection committee headed by the Cabinet Secretary to identify and recommend eligible persons for appointment as the chairma.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Odisha Cabinet Approves Revised Rates(27.07.2017)
Odisha Cabinet has granted its nod for revised Goods and Services Tax (GST) rates and provided its consent for changes in cadres of Agricultural depar.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Says 'Exporter can Claim Refund of GST Compensation Cess on Exported Goods'(31.07.2017)
Central Board of Excise and Customs (CBEC) has clarified that exporter is eligible for refund of GST Compensation Cess in respect of goods exported by.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies Goods and Services Tax Settlement of Funds Rules, 2017(31.07.2017)
Central Government has notified Goods and services Tax Settlement of funds Rules, 2017 which regulates distribution of tax among States under the newl.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Notifies Central Goods and Services Tax (Fourth Amendment) Rules, 2017(31.07.2017)
Central Government has notified Central Goods and Services Tax (Fourth Amendment) Rules, 2017. As per the amended Rules, last date for migration of pe.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Andaman & Nicobar Govt Issues Regulations to Impose VAT on Goods Excluded from GST(31.07.2017)
Government of Andaman & Nicobar has issued regulations for imposing Value Added Tax (VAT) on goods not covered under the new Goods and Services Tax (G.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: Govt Extends Time limit for Furnishing Returns(09.08.2017)
Government has extended date of filing returns under CGST Act, 2017. For July & August, FORM GSTR-1 can be filed between 01-05 Sep, 2017 and 16-20 Sep.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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#GST: West Bengal Unanimously Passes State GST Bill(10.08.2017)
West Bengal Assembly has unanimously passed State Goods and Services Tax (SGST) Bill.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Cabinet Approves Promulgation of GST (Compensation to States) Ordinance, 2017(31.08.2017)
Union Cabinet has approved promulgation of an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Government: Hospital Room Rent Exempted from GST(04.09.2017)
Central Government has clarified that the rent paid by patients for hospital rooms are out of the ambit of Goods and Services Tax (GST) regime.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Government Waives Late Fee for July Returns(04.09.2017)
Central Government has clarified that no late fee would be levied on tax payers who failed to furnish the return in FORM GSTR-3B for the month of July.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Allows Tax Payers to Rectify Errors in GSTR 3B While Filing GSTR 1 and GSTR 2(04.09.2017)
Central Board of Excise and Customs (CBEC) has clarified that the tax payers can correct the errors made in GSTR 3B while filing regular returns in GS.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Jharkhand Government Imposes Conditions on Provisional Refund of ITC to Zero Rated Suppliers(04.09.2017)
Jharkhand Government has notified that a zero rated supplier cannot be granted with provisional refund of input tax credit if he does not file returns.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC Asks Field Officers to Take GST Disputes to Supreme Court(19.09.2017)
Central Board of Excise and Customs (CBEC) has instructed its field officers to prepare to move the Supreme Court on all disputes where levy of Goods .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Due Date for Filing Form GST TRAN-1 to 31st October(20.09.2017)
Central Government has extended period for submitting the declaration in FORM GST TRAN-1 till 31st October, 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Prescribes Method for Payment of Tax on Issuance of Invoice by Registered Persons(16.10.2017)
Central Board of Excise and Customs (CBEC) has notified method for making payment of tax on issuance of invoice by registered persons having aggregate.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Empowers State Tax Officers for Processing and Grant of Refund under CGST Act(16.10.2017)
Central Government has issued a notification seeking to cross-empower State Tax officers for processing and grant of refund under the Central Goods an.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Returns Filing Date by Person Supplying Online Info & Database Access Services Extended till 20th Nov(16.10.2017)
Central Board of Excise and Customs (CBEC) has extended due date of filing return for persons providing Online Information and Database Access or Retr.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Timelimit for Filing ITC-01 to 31st October(16.10.2017)
Central Government has notified extension of time limit for making declaration GST ITC-01 to avail Input Tax Credit till the 31st day of October 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST Registration: FORM GST REG-26 Can Be Filed Till 31st December(30.10.2017)
Central Government has extended due date for filing
application for Final Registration in FORM GST REG-26 is extended to 31st December 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: Govt Notifies Extension of Due Date for filing FORM GST TRAN – 1(30.10.2017)
Central Government has notified that due date for filing FORM GST TRAN – 1 (with revision facility) extended to 30th November 2017 under Central Goods.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt Extends Due Date for Filing GSTR-2 and GSTR-3(31.10.2017)
Central Government has extended due date for filing GSTR-2 and GSTR-3 for the month July to November 30th and 11th December respectively.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt: No GST on Services Supplied to Nepal Against Payment in Indian Currency(31.10.2017)
Central Government has notified exemption to services supplied to Nepal where payments are made in Indian currency to the Indian service providers und.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC: Cut Pieces of Fabrics Attracts 5% GST(01.11.2017)
Central Board of Excise and Customs (CBEC) has said that 5% GST is applicable on Cut pieces of Fabrics under the Goods and Services Tax (GST) regime .
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Central Government Extends Due Date for filing GST TRAN-1 Till 27th December(17.11.2017)
Central Government has notified that the due date for filing FORM GST TRAN – 1 (with revision facility) extended to 27th December from 30th November 2.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt: GST is Not Payable on Advances Received for Supply of Goods(17.11.2017)
Central Government has exempted all taxpayers from payment of tax on advances received in case of supply of goods under the Central Goods and Services.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Suppliers Using E-Commerce Platform Having Turnover Below 20 lakhs Exempted From GST Registration(17.11.2017)
Central Government has notified that the threshold limit of turnover of Rs. 20 lakhs is also applicable to suppliers using e-commerce platform under t.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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GST: Government Extends Due Date for Filing ITC-04 Till December 31(17.11.2017)
Central Government has extended the due date for submission of details in FORM GST-ITC-04 under the Central Goods and Services Tax Act till 31st Decem.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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CBEC: Milling of Paddy into Rice on Job Work Basis is Liable to GST at Rate of 5%(21.11.2017)
Central Board of Excise and Customs (CBEC) has clarified that milling of paddy into rice on job work basis, is liable to GST at the rate of 5%, on the.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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Govt. Nod to Display Revised MRP Due to Reduction of Rates of GST up to 31st Dec, 2017(21.11.2017)
Government has allowed manufacturers, packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to t.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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No GST on Terracotta Idols: CBEC(24.11.2017)
Central Board of Excise and Customs (CBEC) has clarified that no GST is payable on on Terracotta idols.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
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