News
Govt. sets up Twitter handle to reply to GST queries
Govt./CBEC sets up twitter handle @askGST_GOI to reply to all queries pertaining to GST law, rules and rates; Twitter handle.....
Revenue Secretary tweets clarifications on GST; Affirms July 1 rollout, explains dual administration
Revenue Secretary Dr. Hasmukh Adhia answers a volley of questions over twitter, affirms roll out of GST by July 1;.....
Govt. directs Telecom cos to "re-jig prices", "re-work" costs, pass GST benefits
Govt. enumerates GST regime benefits that Telecom sector will receive, does detailed calculation of the additional credits that the sector.....
Govt. to soon release guidance notes on GST law / implementation
Govt./CBEC to release guidance notes on GST Acts & Rules, informs Shri. D.P. Nagendra Kumar (Principal Commissioner, Central Excise &.....
Revenue Secretary at CNBC TV18 Townhall: Advises India Inc. against price increase but promises kid gloves for SMEs
In an exclusive interview with CNBC TV-18 Managing Editor Shereen Bhan & top tax experts, Revenue Secretary Mr. Hasmukh Adhia.....
Maharashtra State assembly passes GST Bill
Maharashtra State assembly passes GST Bill in its recently concluded session of the lower house.....
GST Funda : Concept of ‘Refund’
Refund refers to any amount due to the tax payer from the tax administration. It arises in a situation where.....
Composite works contract supply taxable at 18%; Advocates exempt / under reverse charge
Construction of complex, building, civil structure intended for sale shall attract 12% GST with full ITC where value of land.....
Centre releases GST rates for services; 83 exempt, 18 under reverse charge
Centre releases Schedule of GST rates for Services as well as those taxable on Reverse Charge basis; 18 services identified.....
Hotels, Air travels attract multiple rates; Cab-aggregrators face 5%, Financial services / telecom - 18%
Restaurants with turnover of less than Rs. 50 lakhs to face 5% tax, non-AC restaurants at 12%; AC eateries and.....
GST Council - Majority services taxable at 12% & 18%; Most exemptions to be grandfathered
GST Council announces 4 rates for services - 5%, 12%, 18% and 28%; 5% rate mostly for transportation services; Most.....
Supplier can adopt recipient's price for related supplies, ITC, Composition & Registration Rules streamlined
GST Council approves 7 Rules relating to Input Tax Credit, Valuation, Refund, Composition, Registration, Payment & Invoice; “Input Tax Credit”.....
Centre releases GST Rate Schedule of 'Goods', Compensation Cess rates for different supplies
Centre releases GST Rate Schedule of Goods as well as GST Compensation Cess Rates for different supplies, pursuant to GST.....
GST Council does rate fitment of 1,211 items; 19% items to fall under 28% slab
GST Council meeting concludes, yet to take a call on Rules for Returns & Transition; FM Arun Jaitley says that.....
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Copies of GST Rules finalised by GST Council
Copies of 7 GST Rules finalised by GST Council, viz. Composition, Valuation, Refund, Payment, Invoice, Input Tax Credit & Registration.....
Foodgrains taxable at 0%; Some FMCG products may fall in 5% slab
GST Council decides Foodgrains will fall in 0% tax slab; Some FMCG products to be in 5% slab, others in.....
Eye Share : Fate of 'e-Commerce' under GST
While the e- commerce, a term unheard of untill the recent years has seen an unprecedented growth in the last.....
State GST Bills passed by Uttar Pradesh and Andhra Pradesh Assemblies
Uttar Pradesh & Andhra Pradesh become 14th & 15th States respectively to pass SGST Bills.....
GST Funda : Concept of 'Composite Supply'
The concept of “composite supply” under the GST law is similar to the concept of “bundled services” under the present.....
DGHRD outlines field-formations reorganization; 21 Zones, 102 'Taxpayer Services', 49 'Audit' & 50 'Appeals' Commissionerates
Directorate General of Human Resource Development (DGHRD) outlines reorganization of existing Central Excise & Service Tax field formations to ensure.....