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GSTN VP clarifies that transitional ITC can be claimed in Form TRAN-1 / 2 and not Form GSTR-3B
GSTN VP Shashi Bhushan Singh during a webinar, clarifies as under:The legal provisions don’t allow claiming transitional credit through Form GSTR-3B, they have to claim through Transition FormsAny rev...
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Haryana Govt. guidelines for detention / inspection of goods in transit
Haryana Govt. issues guidelines / instructions for detention / inspection report u/s 68 and 129 of Haryana GST Act / CGST Act and Section 20 of IGST Act
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GSTN grants facility to cancel registration on GST portal
Taxpayers who have not filled Part B of their enrolment application, can now seek cancellation of registration on GST Portal
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CBEC explains ‘aggregate turnover’ as defined in GST law
Accordingly it is a crucial parameter for deciding the eligibility of supplier to avail benefit of exemption threshold and for determining the threshold limit for composition levy
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Cess cap for motor vehicles hiked to 25%
GST Council recommends increase in maximum ceiling of Cess leviable on motor vehicles falling under headings 8702 and 8703 including SUVs, from 15% to 25%
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GST Council Recommends Increase in Compensation Cess on Motor Vehicle
GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%.The GST Council considered the issue of cess le...
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Certification Course for GST Practitioners by MSME
CERTIFICATE COURSEFOR GST CERTIFIED PRACTITIONERORGANISED BYMSME – TECHNOLOGY DEVELOPMENT CENTRE (PPDC)A Govt. of India Organization,Ministry of Micro, Small & Medium EnterprisesFoundry Nagar, Agra –...
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Decisions taken on Services at 20th GST Council Meeting
13 Decisions taken on Services at 20th GST Council MeetingSuresh Nandlal Rohira, Partner, Grant Thornton India LLP said on 20th GST Council meeting that ” “The GST council in its 20th meeting on 5th A...
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CBEC notifies extension of time limit for furnishing returns under GST regime
CBEC notifies extension of time limit for furnishing returns under GST regime Form GSTR-1 for July to be filed between September 1-5 while that of August, between September Form GSTR-2 for July to be...
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Reduction in GST rate on works contracts given by Govt. from 18% to 12%. Nod to implement e-way bills across India
GST Council meeting Highlights:Reduction in GST rate on works contracts given by Govt. from 18% to 12% and on some tractor parts from 28% to 18%Nod to implement e-way bills across India through a tech...
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Constitution of Sectoral Groups on GST
The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST.The Council has received rep...
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Sale of Products after Introduction of GST
On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order accordi...
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CBEC lays down the charter of functions assigned to Directorate General of Goods and Services Tax
(DGGST) consequent to implementation of GST w.e.f. July 1 : CBEC Order
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CBEC releases FAQs for 8 sectors on GST
ExportQuestion 1: Will duty Drawback scheme continue under GST regime? If yes, what will be the rates of Drawback?Answer: Yes. Duty Drawback scheme with certain modifications will continue under the G...
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Impact of GST on Airfares
Under the GST regime the applicable tax rate on passenger tickets for economy class has been reduced from 6% to 5% (non-creditable for goods). The tax rate for business and first class has been increa...
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Lower House passes Bill to extend GST to Jammu & Kashmir
Lok Sabha passes Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017
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Transitional rates for Rebate of State Levies of Garments & Made-ups
Exporters of garments and made-ups allowed to claim Rebate of State Levies (ROSL) at pre-GST rates for the period July 1 to September 30, 2017, as a transitional arrangement.
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CBEC issues clarification on leviability of IGST on High Sea Sales of imported goods and point of collection thereof
IGST on High Seas Sales transactions applicable once, during customs clearanceCBEC issues clarification on leviability of IGST on High Sea Sales of imported goods and point of collection thereof
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Government sets up two call centres to cater to queries relating to GST
Government has set up two call centres being run for the purpose of catering to queries of taxpayers and stakeholders in GST.i. Call centre on GST Application software prepared by GSTN, is being run b...
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CBEC issues GST Guidance Note addressing legal issues
; Seeks clarity on various aspectsCBEC issues GST guidance note comprising of FAQs and response of Sectoral Group to various legal issues, also lists matters on which clarity is required from Law Comm...