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.....

Jun 26,2017

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.....

Jun 23,2017

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.....

Jun 23,2017

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.....

Jun 23,2017

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.....

Jun 22,2017

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.....

Jun 22,2017

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.....

Jun 22,2017

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 &.....

Jun 22,2017

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.....

Jun 22,2017

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.....

Jun 22,2017

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.....

Jun 21,2017

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.....

Jun 21,2017

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.....

Jun 21,2017

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.....

Jun 21,2017

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.....

Jun 20,2017

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,.....

Jun 20,2017

Copies of Assam, Haryana & Uttar Pradesh GST Acts

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

Jun 19,2017

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.....

Jun 18,2017

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.....

Jun 18,2017

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.....

Jun 16,2017

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