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Constitution (One Hundred and First Amendment) Act, 2016- PART I
GST NetworkQues: What we will get in this post?Ans: Reason of why there was a need of Amending Constitution of India and how beautifully the Act has been drafted by the Law makers of India.Considered...
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FAQs on Composition Levy under GST
Article explains meaning of Composition Scheme under GST, who can opt this scheme and who cannot opt this scheme, how to compute aggregate turnover , Tax Rate under GST Composition, penal provisions o...
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GST Council finalised recommendations on almost all issues
GST Council has finalised its recommendations on almost all the issues based on consensus, says Finance Minister in his Budget Speech Extensive reach-out efforts to trade & industry for GST to start f...
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GST on healthcare will make medicare unaffordable
ASSOCHAM-TechSci studyThe healthcare sector catering to the unmet health needs of the society should be kept out of the purview of the Goods and Services Tax (GST) or else medical care would become ex...
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E-Signing GST Enrollment Application using Aadhar Number
How to E-Sign GST Enrollment Application using Aadhar Number? The GST Enrollment Application can be signed either by using Digital Signature (DSC) or by E-Signing. The use of DSC is mandatory for Comp...
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FAQs on Goods & Services Tax (GST)
Latest FAQs on Goods & Services Tax (GST) 1. GST BEFORE 16/09/2017QUESTION:- Is it possible to postpone GST beyond 16th Sept. 2017?ANSWER: – GST is not coming on 1st April 2017 and now lawmakers have...
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9th GST Council inks breakthrough on dual control over tax payers, rollout deferred to July 1, 2017
In an attempt to try and bridge differences on the contentious issues such as administrative control over taxpayers under the Goods and Services Tax (“GST”), the all-powerful GST Council headed by the...
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GST deadline deferred to July 1 2017: FM Arun Jaitley
Finance Minister Arun Jaitley has addressed the media after 9th GST Council meeting and said that GST deadline is deferred to 1st July 2017 and Center and States has come to Consensus on all pending i...
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GST Migration under Central Excise & Service Tax
Provisions & Process Please note- Regarding migration to GST, part data on provisional IDs of Central Excise registrants has been received from GSTN and made available through ACES website. The remain...
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GST- Most of the issues been resolved: FM
Press Information BureauGovernment of IndiaMinistry of Finance11-January-2017 18:43 ISTOn demonetization, Finance Minister Shri Arun Jaitley says that difficult decisions initially pass through diffic...
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GST Helpline & Migration of ST/Excise Assessee by 31.01.2017
To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from tod...
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Accounts & Records under GST
GST Accounts & Records and Accounting prospects Person required to maintain the recordEvery registered person under GST Law is required to maintain accounts & records in Manual or Electronic form.Plac...
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Update on GST Migration for Excise / Service Tax assesses
GST Migration for Excise assesses to start from 05/01/2017 and Service Tax assesses from 09/01/2017In series of events to witness the GST light of the day, enrolment of existing registrants in indirec...
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Statewise GST Enrolment schedule with % Enrolled
The GST schedule of the enrolment activation drive for states is given below. Existing Dealers should complete the enrollment during the specified dates.StateStart DateEnd Date% EnrolledPuducherry08-1...
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Input Tax Credit under Revised Model GST Law
All about Input Tax Credit under Revised Model GST Law On 25th November 2016 therevised Model GST Law has been released by Central Board of Excise and Customs. An attempt has been made in this article...
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7th GST Council Meet: Agreement on CGST & SGST Laws, but stuck on dual control issue
Since notification of the GST Council on September 12, 2016, six meetings of the GST Council have been held, wherein some of the important decisions have been taken, such as threshold limit for exempt...
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How to register at GST Portal (with Portal Screen Shots)
India is going through one of the major reform in tax system since independence i.e. Goods & Service Tax(GST). GST GST will replace 17 indirect tax levies and compliance costs will fall. The GST regim...
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Central Registry for GST compliance by banks suggested
FM: India remains a bright point in global economy and BRICS in particular despite the slowdown in global economy in 2016FM: Current Financial Year 2016-17 is not a conventional year as major reformat...
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Major decisions taken by GST Council
6 Major decisions taken by GST Council so far Press Information Bureau Government of India Ministry of Finance 14-December-2016 18:21 IST Report Card on GST Implementation; Government of India lost no...
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GST FAQs in Hindi, Gujarati, Malayalam, Punjabi, Telugu, Kannada, Assamese, Bangla
CBEC has already released FAQ on GST in English Language and has now released the same in Hindi and 7 Regional Languages i.e. Assamese, Bangla, Gujarati, Malayalam, Punjabi Telugu and Kannada for the...