GST News

GST will be implemented from 1st July reiterates Govt

31 May 2017 at 10:59

Dr. Hasmukh Adhia, Revenue Secretary reiterates that the Goods and Services Tax (GST) would be implemented from July1, 2017; States that GST would help in creating lot of jobs for young generation. Dr. Hasmukh Adhia, Revenue Secretary, Ministry of Fi

Posted in GST | 5394 Views

ICAI set ups GST Sahayata Desks

30 May 2017 at 11:29

Goods and Services Tax (GST) is all set to be rolled out from July 1, 2017 as India’s biggest federal taxation reform. GST is an integrated tax which works on the concept of “One Nation One Tax”. The biggest benefit of GST implement

Posted in GST | 17 comments | 6783 Views

GST will help evolving India become a very strong society says FM

29 May 2017 at 16:54

The Union Finance Minister, Shri Arun Jaitley: Goods and Services Tax (GST) is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society

Posted in GST | 2850 Views

Increased availability of credit in GST to reduce cost of Telcos

27 May 2017 at 11:48

After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs. Telecommunicat

Posted in GST | 2844 Views

Proposed GST tax rates on Sugar,Tea and Coffee reduced to 5%

25 May 2017 at 18:25

Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder; Present incidence of taxes on sugar is 8% while proposed GST rate on Sugar is only 5% i.e. 3% less; Similar

Posted in GST | 4 comments | 4389 Views

Addendum to the GST rate schedule for goods

25 May 2017 at 11:06

ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS[As per discussions in the GST Council Meeting held on 18th May, 2017]I. The following amendments / additions are required to be made to the aforesaid document:1. In S.No.22,-(i) In the Nil rate column, the

Posted in GST | 4815 Views

Lower tax incidence on entertainment under GST

24 May 2017 at 09:44

Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full Input Tax Credits (ITC) of GST paid in respect of inputs and input servicesTaxes on entertainments and amusements (covered b

Posted in GST | 1 comments | 3507 Views

GST will lead to lower tax burden says Govt

23 May 2017 at 11:13

Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, and medical devices, including surgical instruments The roll out of Goods and Services (GST) Tax will bring benefi

Posted in GST | 1 comments | 3135 Views

GST rate chart on Services and exempted items

20 May 2017 at 14:44

GST rate chart on Services and exempted items Download GST rate chart on Services and exempted items

Posted in GST | 8 comments | 59586 Views

GST rules as approved by GST Council on 18th May, 2017

19 May 2017 at 11:38

Composition Rules Valuation Rules Transition Rules ITC Rules Revised Invoice Rules Revised Payment Rules Revised Refund Rules Revised Registration Rules Revised Return Rules

Posted in GST | 12759 Views