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GST News


Meeting on GST rollout in Northeast

   20 June 2017 at 11:11

MoS Dr Jitendra Singh chairs a meeting on GST rollout in Northeast The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra

Posted in GST |   3189 Views


GST Council decisions on Composition Levy & GST rate on certain goods

   19 June 2017 at 10:56

RECOMMENDATIONS REGARDING THE COMPOSITION LEVY AND GSTRATE ON CERTAIN GOODS[As per discussions in the 17th GST Council Meeting held on 18th June, 2017]I. The Turnover Limit for the Composition Levy:1. The GST Council, in its meeting held on 11th June

Posted in GST |   8235 Views


Decisions taken by the GST Council in the 17th meeting

   19 June 2017 at 10:56

Decisions taken by the GST Council in the 17th meeting - 18 June 2017I. Decisions with respect to GST rates for Services1. It has been decided in respect of the service of transport of goods by a vessel that GST rate of 5% will be available with ITC

Posted in GST  7 comments |   28842 Views


Relaxation in return filing procedure for first two months of GST implementation

   18 June 2017 at 19:32

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the

Posted in GST  7 comments |   10506 Views


Reduced Liability of Tax on complex, building, flat etc under GST

   16 June 2017 at 10:58

The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12% in respect of under construction flats, complex etc, the people who have booked flats and made part payment are being asked to m

Posted in GST  3 comments |   15162 Views


Reduced tax liabilities under GST regime for 89 items

   16 June 2017 at 10:58

The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.In a majority of sup

Posted in GST |   12012 Views


17th GST council meeting scheduled on Sunday, 18th June

   15 June 2017 at 16:06

The Union Finance Minister to chair the 17th Meeting of the GST Council on Sunday, 18th June, 2017 The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 17th Meeting of the GST Council scheduled to be held on

Posted in GST  8 comments |   11685 Views


Carry Forward of unavailed Cenvat Credit for natural resources

   15 June 2017 at 11:33

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediate

Posted in GST |   3336 Views


Govt emphasizes that GST will be rolled out on 1st July

   13 June 2017 at 16:47

Government emphasizes that Goods and Services Tax (GST) is scheduled to roll-out on 1st July, 2017; CBEC in coordination with the State Governments has increased their Outreach Programmes so as to reach the last trader. The Government of India has em

Posted in GST  7 comments |   10500 Views


1st July is not feasible for GST introduction says BCAS

   13 June 2017 at 11:15

Sub: Suggestions for Smooth Implementation of GST 1st July is not feasible for introduction As appears from the news paper reports, it looks like, that the Government is in a hurry to implement GST with immediate effect. The proposed date, 1st July 2

Posted in GST  38 comments |   50052 Views