GST News

Addendum to the GST Rate Schedule

05 June 2017 at 11:21

ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS[As per discussions in the GST Council Meeting held on 3rd June, 2017]The following amendments / additions are required to be made to the aforesaid document:1. In Chapter 15, in the 18% rate column, the part

Posted in GST | 1 comments | 6486 Views

GST Return Rules and formats

05 June 2017 at 11:21

Chapter -RETURNS1. Form and manner of furnishing details of outward supplies(1) Every registered person (other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017) required to furnish the details of outward supp

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15th Meeting of the GST Council to be held on 3rd June

03 June 2017 at 12:45

15th Meeting of the GST Council to be held tomorrow, 3rd June, 2017 - Approval of amendments to the draft GST Rules and related forms and Finalisation of the rates of tax and cess on the remaining commodities are on the Agenda among others for tomorr

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Declaration of GSTIN in Custom documents mandatory from 1st July

01 June 2017 at 10:45

Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01-07-2017, the likely implementation date of GST, to avail IGST credit on Imports or GST refund on exports. The declared GSTIN would be validated for corre

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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

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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 | 6798 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 | 2853 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 | 2847 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 | 4398 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 | 4821 Views