GST News
Notification on extension of facility of LUT to all exporters issued
06 October 2017 at 11:02[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 Excise and Customs]Notification No. 37 /2017 – Central TaxNew Delhi,
FM hints at reduction in GST tax slabs in future
02 October 2017 at 14:39FM: To reduce tax slabs in case of GST, we have to become revenue neutral plus; Inspects the Passing-out Parade of 67th Batch of IRS(C&CE) and delivers Valedictory Address; Calls for fair implementation of tax laws; Releases NACIN Coffee Table Bo
Facility for exporters to furnish Letter of Undertaking instead of bonds
02 October 2017 at 14:39Small exporters have brought to the notice of the Government the difficulties in furnishing bond with requisite bank guarantee. To facilitate exports under GST, it has been decided that the facility of furnishing Letter of Undertaking, in place of a
GST revenue dips to 90669 crore for August
27 September 2017 at 11:31The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283
GST Actionable Claim On Branded Food Products
23 September 2017 at 13:16Notification Issued For GST Actionable Claim On Branded Food Products The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, inter alia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit co
Blockage of Working Capital of Exporters
23 September 2017 at 13:16There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports
Clarification about 65000 crore transitional credit
23 September 2017 at 13:16There are lot of speculations in the media about the credit of Rs. 65,000 crore claimed by taxpayers in respect of Central Excise and Service Tax in the pre-GST period. Some people are under the impression that because of Rs. 65,000 crore claimed as
Submission of GST Tran-1 period extended till 31st October
22 September 2017 at 10:56F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board ofFrise and Customs New Delhi, the 21st September. 2017 Order No. 03/2017-GST Subject: Extension of time limit for submitting the declaration in FORM G
GST rate for branded cereal, pulses and flour
21 September 2017 at 10:47The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit container and bearing a registered brand name: a) A brand registered as o
Seventh amendment to the CGST Rules, 2017
18 September 2017 at 10:51[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. 34/2017 - Central TaxNew Delhi, the 15th Septe
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