News
Textile sector not affected post GST; Three-pronged reason for no 'Nil' rated fabrics
Finance Minister Arun Jaitley clarifies in Rajya Sabha today that organized traders & unorganized sellers in Textile Sector have not.....
GST rate on hotels determinable basis declared tariff, 'star rating' irrelevant, clarifies Finmin
Finance Ministry clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of less than INR 7500.....
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GST Council hikes Cess on Cigarettes from midnight; Govt. expects Rs. 5000 Cr additional revenue
GST Council hikes Cess on cigarettes, new tax rate to be effective from midnight tonight; FM Arun Jaitley says that such.....
Govt. urges traders for registration; Convert Provisional IDs to GSTIN by September 22
Govt. urges traders to take registration for GST now, without waiting for the last date i.e. July 30; States, “If one is.....
Govt. clarifies GST applicability on "legal services" provided by Advocates / Sr.Advocates
Legal services, which includes representational services, provided by Advocates, are under reverse charge, clarifies Finance Ministry; Govt. clarifies that legal.....
GST payable on difference amount on supply of second hand goods
FinMin notifies margin scheme under GST clarifying that GST on supply of second hand goods to be payable on difference.....
HP India advertises increase in printer prices post GST
Pursuant to Dept. of Consumer Affairs’ mandate to advertise ‘increase in MRP’ of products on account of GST, HP India.....
Govt. clarifies no GST levy on ornament sale by 'individual' to jeweller
Finance Ministry clarifies that there will be no GST levy on reverse charge basis (RCM) in the case of sale.....
No GST on lodging / boarding by educational institutions; RWA liable when turnover > Rs. 20 lakhs
Ministry of Finance clarifies that services of lodging / boarding in hostels by educational institutions which are providing pre-school education.....
Finmin explains GST incidence on 'sanitary-napkins'; Free food by religious institutions not taxable
Ministry of Finance continues issuing clarifications on tax incidences on various items before and after GST;States that incidence of tax.....
Finmin grants Customs duty & IGST exemption to aircrafts, engines / parts imported on lease
Central Govt. grants exemption from customs duty and Integrated tax on import of 'aircrafts, aircraft engines and other aircraft parts' on lease basis, as contemplated under clause 1(b).....
Perquisites to employees as part of CTC, not subjected to GST, clarifies Finance Ministry
Finance Ministry clarifies on taxation of gifts and perquisites supplied by companies to their employees under GST; States that gifts.....
Finmin abstains unauthorised Dept. visits to traders, shopkeepers; Clarifies migration, registration, composition processes
Ministry of Finance issues a series of clarifications over the weekend, states that no officer of the Dept. can visit.....
President promulgates Ordinances to extend CGST & IGST to J&K
President Shri. Pranab Mukherjee promulgates Ordinances to extend Central GST & Integrated GST Acts to State of J&K.....
No impact post GST on taxability of educational and other services, clarifies Finmin
Ministry of Finance denies all reports that education will become expensive under GST calling them “unsubstantiated”, clarifies that education up.....
Inter-State conveyance movement carrying goods / passengers or for repairs, not "supply", clarifies CBEC
Inter-State movement of conveyances such as trains, buses, aircrafts for (a) carrying goods or passengers or both, or (b) for.....
CBEC prescribes safeguards & conditions for furnishing bond / LUT against exports without tax
CBEC specifies the conditions & safeguards for furnishing Letter of Undertaking (LUT) in place of Bond in respect of export.....
CBEC assigns functions to proper officers under CGST Act
CBEC assigns functions to proper officers under CGST Act for provisions other than registration and composition......
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Finmin exempts IGST on import of goods & services by SEZs
Finmin exempts all goods and services imported by SEZ unit or developer for authorised operations, from the whole of the.....
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President gives nod to Order under Article 370 for GST implementation in J&K
President of India gives assent to the Constitution (Application to Jammu and Kashmir) Amendment Order 2017 for implementation of GST.....