News
CBEC releases booklet reflecting rates on goods & services
CBEC releases booklet reflecting rates on goods & services.....
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No ITC reversal against job-worked inputs / capital-goods return within 1 / 3 years, explains CBEC
CBEC explains ‘job-work’ under GST, which is defined as any treatment or process undertaken by a person on goods belonging.....
EOU-DTA clearance & inter-unit supplies exigible to GST; No authorisation AROs for domestic procurements
DGFT explains Chapter wise FTP provisions in the context of GST, says that MEIS and SEIS scrips issued under Chapter.....
Composition limit applicable on pan-India basis, regular taxpayer registration for 'SEZ' supplies
CBEC clarifies that, composition levy scheme is optional for small taxpayers whose aggregate turnover in preceding financial year does not.....
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Eye Share : Scope of Individual, Composite & Mixed Supplies under GST
The GST regime has replaced multiple taxable events prevalent hitherto, such as manufacture, service and sale, with a single event,.....
Anti-profiteering Authority to determine 'price reduction', 'recovery' to be initiated absent order compliance
Anti-profiteering Rules 2017, provide for setting up of a National Anti-profiteering Authority which shall consist of a Chairman and four.....
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Finmin clarifies meaning of registered brand name in context of GST rates
Ministry of Finance clarifies that CGST rate of 2.5% will not apply on supply of goods such as chena or.....
J&K Assembly adopts resolution on GST
J&K Assembly passes resolution on GST, reports CNBC TV-18; J&K Finance Minister Dr. Drabu says, “Separate GST for J&K entails amending.....
Copies of Notifications issued by Maharashtra Govt. implementing GST provisions
Notifications issued by Maharashtra Govt. inter alia exempting intra-State supplies of specified goods from whole of State tax leviable thereon, imposing.....
Finmin addressess concern over 5% rate on specific devices for physically challenged persons
Finance Ministry explains rationale behind GST rates fixed for assistive devices and rehabilitation aids for physically challenged persons, such as.....
CBEC prescribes manual furnishing of bonds / LUTs for exports as interim measure
CBEC prescribes procedure for furnishing of Bond / Letter of Undertaking while supplying goods / services for export without payment.....
Dept. of Consumer Affairs allows change in MRP on pre-GST unsold stock till September 30
Dept. of Consumer Affairs allows change in MRP on unsold stock manufactured / packed / imported prior to implementation of.....
Govt. mandates 'price hike' advertising in advance; Toll, vehicle entry fee to continue
Government mandates price hike on account of GST to be advertised in 2 newspapers, before affixing new retail price sticker.....
1% tax deductible at source where supply value exceeds Rs. 2.50 lakhs, says CBEC
CBEC explains TDS provisions under GST, states that tax would be deducted by specified deductors @ 1% of the payment.....
CBEC explains scope of 'supply'; Import of services taxable even without consideration
CBEC explains scope of ‘supply’ under GST, says taxable supply of goods / services for a consideration in the course.....
CBEC explains procedure for export under GST; Simplified ‘sealing’ procedure from September 1
CBEC explains procedure for export and sealing of containerized cargo with the onset of GST w.e.f. July 1; As regards.....
Karnataka Govt. notifies various GST provisions; Concessional tax on supplies for petroleum operations
Karnataka notifies provisions of Karnataka GST Act and Rules 2017, Tax Rates & Schedules, composition scheme alongwith ineligible suppliers, categories of.....
Amended Central GST Rules provide inter alia procedure for export under bond, 'Demand & Recovery' provisions
Govt. releases revised Central GST Rules 2017 with amended provisions relating to ‘Input Tax Credit’, ‘Refund’ and ‘Transitional Provisions’, and.....
Finmin notifies new Central Excise Rules, CENVAT Credit Rules & Credit Transfer Document
Finance Ministry notifies new Central Excise Rules 2017 and CENVAT Credit Rules 2017 w.e.f. July 1; Prescribes ‘Credit Transfer Document’.....
Registrations for tax deductors & collectors to commence from July 25
On account of deferment of TDS and TCS provisions in GST, Registration for same will commence from July 25; Enrolment.....