News

Council suspends RCM, postpones TDS/TCS operationalisation till March 31; Nationwide E-waybill rollout from April 1
GST Council announces increase in turnover threshold for composition scheme from Rs. 75 lakhs to Rs. 1 Cr including from J&K and Uttarakhand, while threshold for.....

Quarterly returns for SMEs, Composition threshold raised; Rate cut for AC restaurants, decides Council
GST Council decides to raise composition scheme limit to Rs 1 Cr; E-Waybill to be rolled out from April 2018;.....

Relief to MSMEs & exporters, rate cut for 60 items, on GST Council’s agenda
GST Council likely to decide on easing tax compliance requirements for MSMEs and introduction of quarterly return filing for businesses with.....

CBEC notifies LUT facility for all exporters; Clarifies various aspects via Master Circular
CBEC issues Notification extending facility of Letter of Undertaking (LUT) in place of bond, to all exporters; Supersedes Notification No......
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Exclusive : Bombay HC grants interim relief; Directs Form-C issuance for petroleum products under GST
Bombay HC grants interim relief to Vedanta Ltd, directs Dept. not to discontinue issuance of Form C in respect of.....

Gujarat extends transitional information furnishing date to October 31; Asst. Commissioners to receive 'brand-name' affidavits
Gujarat Govt. amends Rules 24, 118, 119, 120 and 120A of Gujarat GST Rules and Form GST REG-29; Vide Gujarat.....

Govt. extends permission to display revised MRP due to GST implementation upto December 31
Govt. permits manufacturers / packers / importers of pre-packaged commodities to declare revised MRP on unsold stock as on appointed.....

Govt. extends date for registration cancellation, furnishing transitional information to October 31
Govt. notifies CGST (Eighth Amendment) Rules 2017, thereby amending Rules 24, 118, 119, 120 and 120A of CGST Rules and.....

Govt. extends LUT facility to small exporters; No bond & bank guarantee
Govt. decides to extend facility of furnishing Letter of Undertaking, in place of bond, to small exporters without bank guarantee;.....

Govt. extends stock intimation date for composition taxpayers to October 31
Govt. extends deadline for composition taxpayers to intimate their stock in Form CMP-03 to October 31.....

CBEC : Avail credit of service-tax paid in July in revised Form ST-3, then TRAN-1
CBEC issues clarification on certain transitional issues arising w.r.t. payment of service tax after June 30; Clarifies that in cases where.....

Exclusive : Delhi HC admits challenge to levy of IGST on Ocean freight payable by importer
Delhi HC issues notice to Revenue in writ petition challenging levy of IGST on ocean freight payable on transportation of.....

CBEC directs nomination of Nodal Officers to monitor GST cases before jurisdictional HCs
CBEC directs Commissionerates to nominate “well conversant officers” as Nodal Officers who shall monitor all cases relating to GST under.....

Exclusive : Delhi HC admits challenge to levy of IGST on banking services to foreign HO
Delhi HC admits writ petition of DBS Bank India branch challenging levy of IGST on services provided to Head Office.....

Exclusive : HC directs Revenue to effectuate interim order allowing duty-free imports against Advance Authorisations
Delhi HC, while presiding over petitions relating to curtailment of duty exemption under Advance Authorisations post GST implementation, directs Revenue.....

GSTIN & Registration Certificate non-display, proper invoice non-issuance shall be penalised, apprises Maharashtra Govt
Maharashtra Govt. apprises Trade about particulars to be displayed on the board by registered persons and penalty leviable for non-compliance.....
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Copies of Notifications issued by Karnataka, Gujarat & Maharashtra Govts.
Copies of Notifications and Orders issued by 3 States, viz. Karnataka, Gujarat & Maharashtra on various aspects of GST such.....

Govt. records Rs. 90,669 Cr GST revenue, 37.63 lakh returns upto September 25
Govt. garners total GST revenue of Rs. 90,669 crore upto September 25; CGST constitutes Rs. 14,402 crore, SGST - Rs......

Govt. issues corrigendum on "legal services" reverse charge taxation
Govt. issues corrigendum to Notification Nos. 13/2017-Central Tax (Rate), 10/2017-Integrated Tax (Rate) and 13/2017-Union Territory Tax (Rate) in respect of.....

Govt. garners Rs. 80,000-85,000 Cr GST revenue in August
Govt. records Rs. 80,000 - 85,000 crore GST collection in August (as on September 25) vis-a-vis Rs. 95,000 crore in.....