News

Goa notifies constitution of Anti-profiteering bodies w.e.f. July 1; Allows updation of Authorized Signatory details

Goa notifies constitution of Anti-profiteering bodies w.e.f. July 1; Allows updation of Authorized Signatory details.....

Mar 19,2018

CBEC urges swift rectification of EGM errors at ICDs, for IGST refunds processing

CBEC issues advisory to field formations upon noticing IGST refunds being held up on exports from Inland Container Depots (ICDs).....

Mar 19,2018

Eye Share : Taxability of food supplied in colleges – A messy affair?

As we complete 250 days of the path-breaking GST regime, most of us have probably lost count of the number.....

Mar 19,2018

Taxsutra & Thomson Reuters 'GST Summit 2018' - Sr. Finance Ministry officials, seasoned tax professionals decode GST

The Taxsutra & Thomson Reuters ‘GST Summit 2018’ held in Delhi on March 15th, witnessed captivating discussions amongst the senior.....

Mar 17,2018

Erstwhile exempted units move HC against unavailability of transitional credit of capital goods

Uttarakhand HC hears petitioners’ challenge to unavailability of transitional credit of capital goods u/s 140 of CGST Act, 2017 to.....

Mar 16,2018

Eye Share : Can new E-way Bill Rules agitate transporters?

The GST Council recently announced the nationwide roll-out of E-way Bill mechanism for inter-state movement of goods from April 1. By.....

Mar 16,2018

State-tax refundable despite central-tax drawback; Refund cannot spread across financial years, clarifies CBEC

CBEC clarifies that a supplier availing only basic customs duty drawback shall be eligible for refund of unutilized ITC of Central /.....

Mar 15,2018

CBEC issues clarifications on export refund issues; Delay in LUT submission condonable

CBEC issues clarifications on exports related refund issues; Inter alia clarifies processing of claims through amendment through Table 9 of.....

Mar 15,2018

CBEC observes 'Refund Fortnight' for quick refund sanction to exporters from March 15-29

CBEC observes GST 'Refund Fortnight' across all its field formations from March 15 to 29, 2018 to deal with pending GST refunds.....

Mar 15,2018

UIN entities' centralisation optional; 'Inward supplies' return filing with refund claims, clarifies CBEC

CBEC issues clarification on administrative compliances by entities having Unique Identity Number (UIN) viz. foreign diplomatic missions and embassies in.....

Mar 13,2018

Eye Share : Walking the fine line between supply and payment

In case of every taxing statute, there exists a taxable event on the occurrence of which, tax is said to.....

Mar 12,2018

Hearing over transitional credit time limit concludes; Petitioners urge dealers' discrimination violating Article 14

Hearing concludes before Bombay HC in writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act, 2017, which prescribes.....

Mar 12,2018

Govt. extends GST sops to exporters, defers e-wallet scheme implementation, suspends TDS/TCS

GST Council grants relief to exporters, extends GST exemption on imported goods upto October 1, 2018; Further, extends present dispensation such.....

Mar 10,2018

E-way bill for inter-state transport from April 1; GSTR-3B extended for 3 months

GST Council during its 26th meeting approves rollout of E-way bill mechanism for inter-state movement of goods from April 1; E-way bill.....

Mar 10,2018

GST Council approves staggered E-way Bill rollout from April 15

GST Council approves staggered rollout of E-way Bill from April 15; States to be divided into 4 lots for such.....

Mar 10,2018

GST Council defers reverse charge mechanism till July 1 : CNBC TV18

GST Council defers reverse charge mechanism till July 1 : Sources to CNBC TV18.....

Mar 10,2018

Hotels responsible for GST discharge on online bookings, clarifies Goa Govt.

Goa Govt. reiterates the clarification issued by Finance Ministry regarding levy of GST on accommodation services; Inter alia clarifies that.....

Mar 09,2018

Finmin clarifies applicability of GST on services between Joint Venture & its members

Finance Ministry (TRU) issues clarification on applicability of service tax / GST on taxable services provided to Joint Venture by.....

Mar 08,2018

Copy of CGST Rules 2017 amended upto March 7

CBEC releases the copy of Central Goods & Services Tax Rules 2017 as updated upto March 7, 2018.....

Mar 08,2018

E-way Bill Rules modified, no conveyance details upto 50 km; Reduced late fee for GSTR-5A

E-way Bill Rules modified, no conveyance details upto 50 km; Reduced late fee for GSTR-5A rescinded.....

Mar 07,2018

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