News
GST not includible in recognised "revenue" under Ind AS reporting, explains PwC
PwC discusses some frequently asked questions on accounting impact of GST on companies reporting their financial statements under Ind AS;.....
Govt. notifies Rules for settling Centre & State funds; GSTN to transmit prescribed reports
Finance Ministry notifies the “Goods and Services Tax Settlement of Funds Rules, 2017” to regulate apportionment of taxes between Centre.....
Govt. amends CGST Rules; Lays down procedure upon delayed filing of 'Form GSTR-3B'
Govt. notifies Central Goods and Services Tax (Fourth Amendment) Rules 2017, inter alia amends Rule 24 w.e.f. July 22 to.....
Kerala Govt. explains GST modalities for pharmaceutical dealers; Consider medicines turnover for 'composition'
Kerala Govt. issues advisory to pharmaceutical dealers and their associations in the State, on the modalities of GST; States that.....
No check-posts, "leaner" logistics chain & reduced costs beneficial to transport sector, explains Finmin
Ministry of Finance explains the benefits of GST for transport sector, which was hitherto forced to spend a lot of.....
Karnataka Govt. prescribes authority for export bond / LUT submission till administrative mechanism implementation
Karnataka Govt. informs exporters in the State that Bond / Letter of Undertaking in all cases will be accepted by.....
Karnataka mandates 'e-way bill' for 41 commodities; Provides 'm-way bill' where computer unavailable
Karnataka Govt. mandates ‘e-way bill’ for movement of 41 commodities in relation to supply or for reasons other than supply.....
GST Council forms Selection Committee for appointing 'National Anti-profiteering Authority' Chief & members
GST Council forms Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as.....
Govt. promotes 25 IRS officers as 'Principal Commissioners'; Shuffles 23 'Commissioners' pan India
Govt. promotes 25 IRS (C&CE) officers to the grade of Principal Commissioner of Customs, GST & CX against vacancies for.....
GST portal now open for creation & saving of GSTR-1; Data visible in Form GSTR-2A
Outward supplies return in Form GSTR-1 can now be created and saved on GST portal; Data uploaded by suppliers can.....
Govt. promotes 3 IRS officers to grade of Chief Commissioner GST & CX
Govt. promotes Shri. D. P. Nagendra Kumar and Shri. Pullela Nageswara Rao [IRS (Customs & Central Excise)] to grade of.....
Govt. extends period for cancellation of GST registration upto September 30
Taxpayers provisionally migrated to GST by virtue of being registered under existing laws but who are no longer required to.....
Govt. extends time limit for Composition levy intimation upto August 16
Govt. extends time limit for filing intimation for composition levy in Form GST CMP-01 under Rule 3(1) of CGST Rules.....
No compensation cess on intra-state purchases by secondhand goods dealer from unregistered supplier
Finmin exempts levy of compensation cess on intra-state supplies received by registered person dealing in secondhand goods, from unregistered supplier;.....
Copies of Acts, Rules & Notifications issued by 4 States under GST
Copies of Acts, Rules & Notifications issued by Kerala, Delhi, Assam & Uttar Pradesh notifying various provisions of GST law.....
Cabinet approves IGST amendment to extend to J&K
Union Cabinet chaired by PM Narendra Modi approves Integrated Goods and Services Tax (Amendment) Bill, 2017 to replace Integrated Goods.....
Tax deductible on payments towards works contracts executed pre-GST, clarifies Karnataka Govt.
Karnataka Govt. issues clarification on deduction of tax at source in respect of works contract executed upto June 30, for.....
No TDS on GST component of service remuneration clarifies CBDT
CBDT clarifies that 'GST on services' not to be included while making TDS on remuneration of such services whenever in terms of.....
Finmin notifies increased rates of Compensation Cess on 'Cigarettes'
Finmin notifies amended rates of 'Compensation Cess' applicable on Cigarettes w.e.f. July 18; Non-filter cigarettes upto 65 mm liable to.....
Govt. issues corrigendum prescribing effective CGST / UTGST rates & exemptions for various items
Central Govt. issues corrigendum to Notification Nos. 1/2017-Central Tax (Rate) & 2/2017-Central Tax (Rate) as well as Notification No. 1/2017-Union.....