News
More than 20,000 E-way Bill users in Odisha, 12,700 intra-State bills since June 1
Odisha Govt. informs that E-way Bill system is running smoothly, more than 20,000 users in the State (including taxpayers and.....
Finance Ministry working on GST Annual Return; Council to discuss in next meeting
Finance Ministry working on Annual GST Return Form, which would be in addition to monthly Form GSTR-3B; Said Form shall.....
Govt. extends Refund Fortnight upto June 16 owing to "overwhelming response" & "pending claims"
Govt. extends period of Refund Fortnight by 2 more days i.e. up to June 16, 2018 citing “overwhelming response from.....
CBIC releases Explanatory Notes to scheme of classification of services for GST purposes
CBIC releases Explanatory Notes to scheme of classification of services under GST regime, which is modified version of United Nations.....
ICAI's Indirect Tax Committee publishes e-Handbooks on 'GST Amendments' & 'E-way Bills'
ICAI’s Indirect Taxes Committee releases “e-Handbook on GST Amendments” encapsulating topic wise important amendments or clarifications made through Notification, Circulars,.....
CBIC calls for e-Way Bill handholding, non-intrusive time bound inquiries against Return non-filers
CBIC requests field formations to provide action report along with results achieved, in respect of non-intrusive but time bound inquiries.....
Maharashtra Govt. designates JC/DC as appellate authorities, delegates certain powers under MGST Act
Maharashtra Govt. designates Deputy Commissioners and Joint Commissioners as ‘Appellate Authority’, to hear appeals against the orders of Adjudicating Authority in.....
CBIC : Free moulds & dies sent by OEM to component manufacturer non-taxable, no ITC reversal
CBIC inter alia clarifies that no GST shall be applicable on moulds & dies sent free of cost by original.....
West Bengal Govt. enhances intra-state e-Way Bill threshold to Rs. 1 lakh from June 6
West Bengal Govt. enhances threshold for generation of e-Way Bill for intra-state movement of goods; Accordingly, notifies that e-Way Bill.....
12% GST on PSLCs, RECs; Alternative officer interface mechanism for IGST refunds extended
12% GST on PSLCs, RECs; Alternative officer interface mechanism for IGST refunds extended.....
Maharashtra leading e-Way Bill generating State in June 2018; Gujarat & Haryana follow
Maharashtra leads among top 10 States in generation of e-Way Bills in the month of June 2018; During the period.....
Govt. allows provisional settlement of IGST funds through adjustment in subsequent period
Govt. amends Rule 11(3) of GST Settlement of Funds Rules 2017 to allow provisional settlement of any sum of IGST.....
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CBIC releases 91 FAQs on GST for financial services sector
CBIC releases FAQs on GST for financial services sector, inter alia clarifies that services provided by banks to RBI are.....
Intra-state e-Way Bill for 22 goods in Goa from today
Goa Govt. notifies e-Way Bill for intra-State movement of 22 goods of consignment value exceeding Rs. 50,000/- w.e.f. today i.e......
Book Review : 'GST Works Contract & Other Construction Contracts' by Sudipta Bhattacharjee, Rishabh Prasad & Abhishek Garg
Under the GST law, we have seen a paradigm shift in the way the concept of “works contract” has been.....
Rs. 94,016 Cr gross GST revenue in May 2018, higher than last FY's Rs. 89,885 Cr monthly average
Govt. records total gross GST revenue of Rs. 94,016 Cr in the month of May 2018; Said amount comprises of.....
Copy of Notification extending Form GSTR-6 deadline to July 31
CBIC notifies Form GSTR-6 return deadline extension for Input Service Distributors to July 31......
8 States to rollout intra-state e-Way Bill system between June 1 to 3
Finance Ministry informs that e-Way Bill system for intra-state movement of goods would be implemented by Chhattisgarh, Goa, Jammu &.....
Form GSTR-6 return deadline for Input Service Distributors extended to July 31
Govt. extends last date for filing of return in Form GSTR-6 by Input Service Distributors for the months of July.....
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Eye Share : Value of scrap retained by job-worker, treatment under GST
The job-work sector constitutes a significant industry in the Indian economy. This concept existed under the erstwhile Central Excise regime,.....