News

Govt. exempts IGST on high seas sale of 'Urea' where value exceeds 'Pool Issue Price'

Govt. exempts IGST on assessable value over and above the amount ('Pool Issue Price') at which Urea is sold by.....

Jul 30,2018

Govt. notifies exemption and rationalizes rates, accommodation service taxable basis 'transaction value'

Govt. notifies refund of unutilized credit on account of inverted duty structure in respect of certain specified woven fabrics of.....

Jul 27,2018

Copies of Notifications pursuant to GST Council 28th meeting

Copies of Notifications giving effect to exemptions and rate revision pursuant to GST Council 28th meeting.....

Jul 27,2018

CBIC seeks issues & suggestions from MSME taxpayers & Associations, ahead of GST Council meeting

Ahead of GST Council meeting on August 4, which would exclusively focus on the issues / hardships faced by Micro,.....

Jul 25,2018

CBDT seeks GST registration & expenditure, in amended tax audit 'Form 3CD'

CBDT amends tax audit Form 3CD w.e.f. August 20, 2018; Amended Form seeks inter alia information relating to GST, viz......

Jul 24,2018

Council recommends GST law amendments, 'Sahaj' & 'Sugam' returns for small taxpayers, migration window upto August 31

GST Council, in its 28th meeting, recommends a slew of amendments to GST law; Said amendments will now be placed before.....

Jul 21,2018

GST Council defers reverse charge mechanism till September 2019

GST Council defers reverse charge mechanism u/s 9(4) of CGST Act till September 2019 : CNBC-TV18.....

Jul 21,2018

GST Council approves 46 proposed changes in law; Rationalises rates for 35+ goods

GST Council approves 46 proposed changes in law; Rates of more than 35 goods rationalised, sanitary napkins exempted from GST.....

Jul 21,2018

CBIC urges timely processing of GST refunds; Review of 'sanctions' on same day

CBIC issues advisory to ensure smooth and timely processing of GST refunds especially during the ongoing Refund Fortnight, in view.....

Jul 21,2018

GST Council approves quarterly returns for taxpayers with turnover upto Rs. 5 Cr

GST Council clears proposal for simplified returns, approves quarterly returns for taxpayers with turnover upto Rs. 5 Cr; Discussion on.....

Jul 21,2018

‘Help Desks’ for expeditious IGST refunds for MSME exporters, Alternative officer mechanism facility extended

‘Help Desks’ for expeditious IGST refunds for MSME exporters, Alternative officer mechanism facility extended.....

Jul 19,2018

Delhi Govt. directs restoration of GST registrations cancelled / revoked absent reply to SCN

On observing that provisional registration numbers of several taxpayers got cancelled / inactive on GSTN Common portal, Delhi Govt. directs.....

Jul 18,2018

CBIC’s Third Refund Fortnight from July 16 – 30 to clear pending IGST refunds

CBIC has announced third drive of “Special Refund Fortnight”, from July 16 to 30, to liquidate pending IGST / ITC.....

Jul 17,2018

Eye Share : Rule 96(10) of the CGST Rules – A Hoax?

Mr. Brijesh Kothary (Principal Associate, Lakshmikumaran & Sridharan Attorneys) and Mr. Nikhil Agarwal (Associate) in their article, highlight the anomaly between CGST Act and.....

Jul 13,2018

West Bengal exempts E-Way Bill on intra-state movement of goods for job-work

West Bengal exempts generation of E-Way Bill for intra-state movement of goods where they are being sent for job-work or.....

Jul 12,2018

Copy of CGST Rules 2017 amended upto July 6

CBIC releases the copy of Central Goods & Services Tax Rules 2017 as updated upto ​July 6, 2018.....

Jul 10,2018

Council seeks to inter alia clarify 'supply' scope, prescribe procedure for return filing & availing ITC

GST Council proposes a plethora of taxpayer friendly amendments to GST law, seeks comments from stakeholders by July 15; As.....

Jul 09,2018

GST Council releases proposed amendments to GST law, seeks stakeholders' comments by July 15

GST Council releases proposed amendments to GST law, seeks comments from stakeholders by July 15; Proposal contains 38 amendments to.....

Jul 09,2018

'GST in consolidation & stabilization phase', says CBIC Chairman; Tax evasion worth Rs. 2,000 Cr detected

CBIC’s new chief Shri. S Ramesh says that GST is currently in the consolidation stage and GST Council will take.....

Jul 06,2018

CBIC incorporates reference to 'Directorate General of Anti-profiteering' in CGST Rules

CBIC amends the provisions relating to Anti-profiteering under CGST Rules 2017 w.e.f. June 12, to incorporate reference to ‘Directorate General.....

Jul 06,2018

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