News
Govt. reduces manufacturer's composition rate to 1%; No 'exempt supplies' in trader's turnover
Central Govt. reduces composition GST rate for manufacturers to 1% of turnover; In case of ‘other suppliers’ (such as traders).....
CBEC clarifies filing dates, late fees applicability & rectification of errors in GST Returns
CBEC consolidates information in various Notifications and Circulars regarding Return filing under GST and clarifies on various aspects like dates,.....
Govt. reduces GSTR-4 late fee; Notifies E-WayBill Rules from Feb 1; Amends CGST Rules
Govt. waives late fee payable for failure to furnish return in Form GSTR-4 i.e. quarterly return by composition taxpayer, in.....
Govt. extends deadline for furnishing GSTR-1 to January 10
Central Govt. extends the deadline for furnishing Form GSTR-1; Accordingly, registered persons having aggregate turnover of upto Rs. 1.5 Cr.....
West Bengal Govt. notifies GSTR-1 extension for taxpayers over Rs. 1.5 Cr aggregrate turnover
West Bengal Govt. notifies extension of Form GSTR-1 deadline for registered persons having aggregate turnover of more than Rs. 1.5 Cr;.....
Govt. likely to extend Form GSTR-1 deadline to January 10
Govt. likely to extend Form GSTR-1 deadline to January 10 : Sources to CNBC TV-18.....
Lok Sabha passes Bill to hike Compensation Cess on luxury vehicles
Lok Sabha passes Bill to hike Compensation Cess on luxury vehicles from 15% to 25%.....
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GSTN introduces 'refund' functionality; Taxpayers can also track status at pre-login stage
GSTN introduces functionality on GST portal to claim refund against – (a) exports of services with payment of tax, (b).....
Delhi HC grants interim relief to manufacturer; Notice to Govt. over transitional credit limitation
Delhi HC grants interim relief to manufacturer challenging constitutional validity of Section 140(3)(iv) of CGST Act, 2017 that limits availment.....
Govt. records Rs. 80,808 Cr GST revenue in December; 53.06 lakh returns for November till December 25
Finance Ministry releases GST figures for the month of December, upto 25th; Registers total collection of Rs. 80,808 Cr comprising.....
No major GST impact on essential drugs prices; Uniform tax on Minor Forest Produce
Minister of State for Tribal Affairs, Jaswantsinh Sumanbhai Bhabhor explains the impact of GST on Minor Forest Produce; Explains that.....
CBEC issues Circulars clarifying procedures under GST and order extending filing of FORM GST CMP-03
CBEC issues Circulars clarifying procedures under GST and order extending filing of FORM GST CMP-03.....
Deadlines for GST ITC-01, GSTR-5 & GSTR-5A extended; Forms GSTR-1, RFD-01 and RFD-1A modified
Commissioner extends time limit for making declaration regarding eligibility of ITC in Form GST ITC-01 by registered persons for the.....
Maharashtra prescribes guidelines for exports under bond / LUT, clarifies authorities for zero-rated supply refunds
Maharashtra Govt. prescribes guidelines to provide clarity on procedure to be followed for export under bond / LUT in light.....
Eye Share : Sale from Bonded Warehouse - Taxability under GST
CBEC vide Circular No. 46/2017-Cus clarified that transfer / sale of warehoused goods by an importer to any other person would fall within definition of “supply” and therefore, be taxable as.....
Rajasthan notifies E-way Bill mechanism for inter-state movement of 33 commodities w.e.f December 20
Rajasthan Govt. notifies e-way bill mechanism w.e.f. today, i.e. December 20, for inter-state movement of specified goods such as furniture,.....
After Gujarat & Delhi, Bombay HC to examine transitional credit limitation but refuses ad-interim relief
Bombay HC issues notice to Attorney General in writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act, 2017,.....
GSTN brings in monthly, quarterly returns option; Taxpayers cannot switch frequency during FY
GSTN enables monthly filing of Form GSTR-1 for the months of July, August, September, October and November 2017; While the.....
E-WayBill for inter-state movement mandatory from February 1, intra-state from June 1, decides GST Council
GST Council, during its 24th meeting, decides that nation-wide inter-state E-Way Bill shall be made compulsory from February 1, 2018;.....
Ready-to-move-in / completed properties outside GST ambit; Service tax applicable on consideration before July 1
CBEC clarifies about applicability of GST on under construction and ready-to-move-in properties, states that sale of ready-to-move-in or completed property,.....