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.....

Oct 06,2017

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;.....

Oct 06,2017

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.....

Oct 06,2017

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......

Oct 04,2017

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.....

Oct 04,2017

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.....

Oct 04,2017

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.....

Oct 03,2017

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.....

Oct 03,2017

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;.....

Oct 01,2017

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.....

Sep 30,2017

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.....

Sep 28,2017

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.....

Sep 28,2017

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.....

Sep 28,2017

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.....

Sep 27,2017

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.....

Sep 27,2017

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.....

Sep 27,2017

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.....

Sep 27,2017

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......

Sep 27,2017

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.....

Sep 26,2017

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.....

Sep 26,2017

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