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.....

Sep 25,2017

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.....

Sep 25,2017

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.....

Sep 23,2017

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.....

Sep 22,2017

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.....

Sep 22,2017

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.....

Sep 22,2017

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.....

Sep 22,2017

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.....

Sep 21,2017

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.....

Sep 21,2017

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.....

Sep 21,2017

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.....

Sep 21,2017

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,.....

Sep 20,2017

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.....

Sep 19,2017

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.....

Sep 19,2017

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.....

Sep 18,2017

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.....

Sep 18,2017

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.....

Sep 18,2017

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.....

Sep 16,2017

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.....

Sep 16,2017

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),.....

Sep 15,2017

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