News

CBEC explains 'Refunds' under GST, no 'unjust enrichment' test for claims below Rs. 2 lakh
CBEC explains that refund provisions under GST regime aim to streamline and standardise the refund procedures; GST law provides for.....
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Gujarat Govt. notifies SGST Act provisions w.e.f. June 22; Frames Registration & Composition Rules
Gujarat Govt. notifies certain provisions of Gujarat GST Act viz. Section 1 & 2 (Preliminary & Definitions), Sections 3 to.....

CBEC issues advisory on 'migration'; Process to be completed by September 30
CBEC issues advisory on GST migration, assessees are required to complete migration process before September 30 once the common portal.....

CBEC explains Transition provisions under GST; Notional ITC scheme only for traders
CBEC explains ‘transition’ provisions under GST law, which have been categorized under 3 heads – (i) relating to Input Tax.....

Anti-profiteering Rules a "Brahmastra" of last resort; Leniency for genuine mistakes
Revenue Secretary Dr. Hasmukh Adhia clarifies various aspects on GST during Town Hall organized by CNBC TV-18 and CII; Says.....

Service Tax Returns for April-June 2017 to be filed by August 15
Finance Ministry notifies filing of Service Tax Returns in Form ST-3 / ST-3C for the period April – June 2017 by.....

Copies of Tripura, Telangana & Odisha GST Acts, West Bengal GST Ordinance
Copies of West Bengal GST Ordinance 2017 as promulgated by Governor on June 15, Tripura GST Act 2017 as assented.....

Finmin notifies inter alia administration, registration provisions of Union Territory GST Act w.e.f today
Finance Ministry notifies certain provisions of Union Territory GST Act, 2017 w.e.f. today, i.e. June 22; Accordingly, Sections 1 &.....

Enrolment window to open for 3 months; Incomplete forms can be submitted from June 27
Govt. informs that enrolment window will reopen on June 25 and continue for 3 months; Provisional ID will be the GST Identification.....
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CBEC issues advisory reflecting changes in Customs law & procedure under GST
CBEC issues advisory to Chief Commissioner/Director General on readiness of Customs administration and trade for smooth rollout and implementation of.....

All States & UTs except J&K, approve SGST Act for smooth July 1 rollout
All States and Union Territories except State of Jammu & Kashmir, approve the State GST Act till date; State of.....

Composition levy turnover fixed at Rs. 50 lakhs for special category States, except Uttarakhand
GST Council has recommended Composition levy turnover limit of Rs. 50 lakhs for CGST and SGST purposes in special category.....
GST Council launches official website, one-stop destination for all GST related information
GST Council launches official website – www.gstcouncil.gov.in; Website is a one-stop destination for all information relating to GST, including compensation and.....

Rules stipulate assessment, appeals mechanism; Govt. to prescribe documents till e-way bill system developed
Final Rules on ‘Assessment and Audit’ provide for provisional assessment on furnishing of bond or security, and finalization thereof in.....
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CBEC releases Anti-profiteering, Advance ruling, Appeals and Revisions, E-way bill Rules & formats
CBEC releases Rules and formats on Advance Ruling, Anti-profiteering, Appeals and Revision, Assessment and Audit as well as E-way bills.....

Finmin notifies certain CGST & IGST Act provisions w.e.f June 22; Notifies Registration & Composition Rules
Finance Ministry notifies certain provisions of Central Goods and Services Tax Act, 2017 and Integrated Goods and Services Tax Act,.....

Copies of Assam, Haryana & Uttar Pradesh GST Acts
Copies of Assam, Haryana and Uttar Pradesh GST Acts as assented by respective Governors .....

GST Council introduces simple Return for 2 months; Outward supplies facility from July 15
Finance Ministry releases press release on relaxation in return filing procedure for first two months of GST implementation; States that.....

GST Council announcements - July 1 the date!, leeway on return filing, differences on e-way bills
17th GST Council meeting concludes, affirms rollout of GST from midnight of June 30 & July 1 while approving 5 set of GST Rules.....

CBEC explains benefits of GST, taxability of imports and ITC mechanism
CBEC explains features / benefits of GST, states that it is the single Biggest Tax Reform undertaken since Independence to.....