News

GSTN approves 39 GSPs in 2nd batch; KPMG, PwC & BDO amongst the list
GSTN approves 39 companies as GST Suvidha Providers (GSPs) from a total of 128 applicants; The 2nd batch of GSPs inter.....

Eye Share : Reverse charge liability of persons exempted from registration – A moot point
The scope of reverse charge mechanism under the GST regime is widely different from the provisions under the earlier Service.....

Finmin notifies GST rate changes & exemptions for commodities including branded cereals, pulses
Govt. notifies changes in GST rates and exemptions in respect of various commodities, including 5% on cereals, pulses and flours.....

Problem of exporters' working capital blockage not "grievous"; 5-6 months for refund "normal"
Govt. clears the apprehension about blockage of working capital for exporters post-GST, states that “media reports are not based on.....

Govt. clears air over July GST collections, Rs. 65,000 Cr transition credit not "incredibly high"
Govt. issues clarification on Rs. 65,000 crore claimed by taxpayers as transition credit, states that even though said amount is.....

GSTN issues guidelines for claiming transitional credit; Addresses 'processing error' against earlier registrations
GSTN issues advisory / guidelines to taxpayers for claiming transitional credit in TRAN-1; Addressing the processing error while saving details.....

Finmin notifies reduced GST on works-contract services to Govt., exempts admission to FIFA U-17 WC
Govt. notifies 12% GST on services provided to Govt. / local authority by way of construction, repair, alteration, renovation of.....

Govt. extends GST TRAN-1 filing date to October 31
Govt. extends due date for submitting declaration in Form GST TRAN-1 till October 31, in exercise of powers under Rule.....

Eye Share : GST on Pulses, Cereals and Flours - Confusion over Brand
The levy of 5% GST on branded packaged food items such cereals, pulses, flour etc. vis-a-vis unbranded items sold in.....

Sharp fall in GST Returns as 29 lakh taxpayers file GSTR-3B for August
Nearly 29 lakh GST Returns in Form GSTR-3B for August filed till September 20 midnight; 13.7 lakh Returns filed on.....

5% GST on cereal / pulses inapplicable where actionable claim on brand-name foregone voluntarily
Govt. explains applicability of 5% GST rate on branded cereal, pulses and flour pursuant to recommendations of GST Council during.....

GST Council meeting preponed to October 6, may extend relief to exporters
GST Council’s 22nd meeting will be held on October 6 through video conferencing; Said meeting, which was earlier scheduled on October 24,.....
.jpeg)
Copy of amended CGST Rules 2017 allowing one-time Form TRAN-1 revision, composition from October 1
Copy of Central Goods & Service Tax Rules, 2017 as amended vide Notification No. 34/2017-Central Tax; Said Notification inter alia allowed.....

Govt. notifies extension in Form GST TRAN-1 revision date
Govt. notifies extension in time limit for revision of declaration in Form GST TRAN-1 till October 31 : CBEC Order.....

CBEC advises filing of SLPs before SC against HC orders staying GST collection
CBEC issues directive to file SLP before the Supreme Court challenging the interim or final orders of High Courts where.....

Finance Ministry allows composition levy from October 1, Form TRAN-1 revision; Tweaks E-waybill procedure
Finance Ministry amends CGST Rules to inter alia allow composition levy option to person who has been granted provisional registration.....

Mandatory registration for 'non-resident taxable persons'; ITC restricted to imported goods, explains CBEC
CBEC explains concept of ‘non-resident taxable person’ under GST, who according to the law, is any person who occasionally undertakes.....

Govt. to issue corrigendum regarding GST on 'legal services', states ASG to HC
Central Govt. to issue corrigendum to Notification Nos. 8/2017-Central Tax (Rate) and 13/2017-Central Tax (Rate) as regards legal services being.....

Govt. notifies Form GSTR-3B due-dates for Aug-Dec; TDS provisions for specified persons w.e.f Sept. 18
Finance Ministry notifies due dates for filing of Form GSTR-3B for the months of August to December 2017, which shall.....

Key takeaways from Webinar - "75 days of GST - Taking Stock"
Our special Webinar with eminent Tax Experts Mr. K. Vaitheeswaran (Advocate), Mr. L. Badri Narayanan (Lakshmikumaran & Sridharan) and Mr. Sanjay Gulati (GMR Group),.....