GST News

CBEC renamed as Central Board of Indirect Taxes and Customs (CBIC)

27 March 2017 at 10:59

FM approves the re-organisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST); CBEC is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), a

Posted in GST | 3864 Views

Releasing of GST Compensation to States

25 March 2017 at 12:55

Pending introduction of GST in the Country, Union Cabinet in its meeting held on 17.03.2015, decided for payment of 100% CST compensation to the States/UTs for year 2010-11, 75% CST compensation for year 2011-12 and 50% CST Compensation for year 2012

Posted in GST | 2 comments | 3351 Views

Cabinet abolishes cesses and surcharges in Custom and Excise to facilitate GST implementation

23 March 2017 at 13:27

Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Union Cabinet chaired by the Prime Minister Shri Narendra Modi has a

Posted in GST | 1 comments | 3762 Views

GST to help in reducing prices of various items

23 March 2017 at 12:05

FM: Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India; For FDI, India is most preferred destination in the world today; Major indirect tax reform in

Posted in GST | 1 comments | 4002 Views

Union Cabinet chaired by the PM approves the 4 GST related bills today

20 March 2017 at 16:49

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approves the four Goods and Services Tax (GST) related bills today The GST law will be the biggest reform in the area of Indirect Taxes in the history of independent India The Union C

Posted in GST | 2 comments | 15993 Views

GST is expected to have positive effect on trade and consumers

11 March 2017 at 12:05

The 122nd Constitution Amendment Bill, 2014 has been passed by the Parliament and after ratification by fifty percent of the States, the same has been enacted as 101st Constitution Amendment, Act, 2016. No Goods and Service Tax (GST) Bill has so far

Posted in GST | 3825 Views

Roll out of GST by 1st July 2017

11 March 2017 at 12:05

Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 The GST Council in its 9th Meeting held on 16 January 2017 took note of the work to be completed for the rollout of GST and aft

Posted in GST | 4 comments | 6504 Views

GST council approves the CGST and IGST bill

06 March 2017 at 11:11

Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill. The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under

Posted in GST | 1 comments | 9690 Views

Tax Relief under GST

06 February 2017 at 11:35

All decisions of GST Council so far have been taken unanimously. Various states may have different points of view on an issue but the final decisions have been unanimous. The issue regarding treatment of the existing tax incentive schemes of the Cent

Posted in GST | 3 comments | 12474 Views

The Constitutional Amendment on GST will create a common Indian market says economic survey

31 January 2017 at 13:44

Economic Survey: The Constitutional Amendment on GST will create a common Indian market, improve tax compliance and governance and boost investment and growth. The Economic Survey states that the world GDP is expected to grow because of a fiscal stim

Posted in GST | 5130 Views