GST News

GST rate on all Electric Vehicles reduced from 12% to 5% in 36th Council meeting

27 July 2019 at 15:48

GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5%Hiring of electric buses by local authorities exempted from GSTChanges in GST rates shall be effective from 1st August, 2019The 36th GS

Posted in GST | 7731 Views

DGGI Headquarters arrests one person for issuing bogus invoices without supply of goods

22 July 2019 at 11:50

The Directorate General of GST Intelligence Hqrs. (DGGI Hqrs.) has arrested one person, namely, Shri Anupam Singla son of Shri Krishan Kumar Singla, permanent resident of Sirsa, Haryana, who had created about 90 fake firms for the purpose of issuing

Posted in GST | 3279 Views

Two businessmen arrested in Gurgaon for fraudulent claim of ITC of 40 crores

22 July 2019 at 07:58

Gurugram Zone DGGI arrests two businessmen for fraudulent issuance of around Rs 40 crores of input tax creditGurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has arrested two businessmen, namely, Sh. Anil Kumar Jain of M/s Ja

Posted in GST | 5 comments | 8691 Views

GST Composition CMP-08 return date extended to 31st July

19 July 2019 at 10:21

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and CustomsNotification No. 34/2019 - Central TaxNew Delhi, the

Posted in GST | 1 comments | 9333 Views

DGGST arrests a person for fraudulently claiming ITC of over 5.06 crores

17 July 2019 at 12:31

The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unitarrests one person for taking ITC fraudulently to the tune of more than Rs 5.06 Crore The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unit, Gurugram has arrested

Posted in GST | 4 comments | 10281 Views

Impact of GST on Apparel Sector

13 July 2019 at 15:02

GST incidence of taxes on these goods. To reduce the cost of garment industry, GST rate on manmade fibre yarns has been reduced from 18% to 12%. Further, the refund of accumulated input tax credit on fabrics has also been allowed to reduce cost of fa

Posted in GST | 7296 Views

Extension of Last Date for availing the benefit of Alternate Composition Scheme from 30th Apr'19 to 31st July'19

05 July 2019 at 13:21

Vide notification No. 02/2019-Central Tax (Rate) dated 07.03.2019, as amended by notification No. 09/2019-Central Tax (Rate) dated 29.03.2019, an Alternate Composition Scheme has been made available to those suppliers of Services or Mixed Suppliers,

Posted in GST | 6 comments | 9909 Views

12 clarification issued by CBIC on GST Annual return and Reconciliation statement

04 July 2019 at 12:32

The Government of India has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C). In this regard the following clarifications are issued for information of all sta

Posted in GST | 9 comments | 27639 Views

Two years after GST : Arun Jaitely

02 July 2019 at 12:18

Today, the Goods and Services Tax regime enters its third year. The monumental restructuring of one of the world’s clumsiest indirect tax system was not an easy task. The challenges to implement the GST were compounded by some outlandish and ex

Posted in GST | 1 comments | 3273 Views

GST Revenue collection stands at 99,939 crore for June, 2019