News

Copy of Rajasthan GST Act 2017 as assented by Governor
Rajasthan GST Bill 2017 receives Governor’s assent on April 28, 2017; Rajasthan GST Act inter alia provides for levy of.....

Arunachal Pradesh passes State GST Bill
Arunachal Pradesh passes State GST Bill in special session of assembly today.....

Analysis of SGST Bill as passed by Goa Assembly
Goa GST Bill provides for levy of Goa GST on all intra-State supplies of goods and / or services except.....
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GST Funda : Concept of ‘Advance Ruling’
Advance ruling is a mechanism for clarifying and conforming particular taxation arrangements. A written interpretation of tax laws is issued by the advance ruling authority.....

Assam Assembly clears SGST Bill
Assam Assembly passes State GST Bill, while Odisha Cabinet approves the Bill to be ratified during special assembly session from.....

Revenue Secretary reviews IT preparedness, migration; GST enrollment window to re-open on June 1st
Revenue Secretary Dr. Hasmukh Adhia holds detailed review of IT preparedness for GST rollout from July 1, 2017; Out of.....

Company Secretaries eligible to enrol as "GST Practitioners", says CBEC
CBEC invites Company Secretaries to enroll as “Goods & Services Tax Practitioner” pursuant to Section 48 of CGST Act r/w.....
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GST Funda : Concept of ‘Input Service Distributor’
As per the GST law, an ‘input service distributor’ (ISD) means an office of the supplier of goods or services.....
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Goa becomes 9th State to pass SGST Bill
Goa Assembly unanimously passes State GST Bill, thus becoming 9th State to do so; Chief Minister Manohar Parrikar expresses hope that.....

Revised Foreign Trade Policy focusing on export promotion, to release alongside GST
Revised Foreign Trade Policy 2015-20 to be released early to synchronise with rollout of GST, informs Commerce & Industry Minister.....

President approves amendment to Customs & Central Excise laws for GST
Taxation Laws (Amendment) Bill 2017 receives Presidential assent; Accordingly, the Act amends the Customs Act, Customs Tariff Act, Central Excise.....

GST Funda : Concept of ‘Assessment’
‘Assessment’ under a taxation system, helps facilitate calculation and payment of tax against a particular taxable event. The present indirect.....

Haryana becomes 8th State to pass State GST Bill
Haryana State Assembly passes State Goods & Services Tax Bill; Becomes eighth State after Telangana, Bihar, Rajasthan, Jharkhand, Chhattisgarh, Uttarakhand and.....

Madhya Pradesh Assembly passes State GST Bill
Madhya Pradesh becomes seventh State to pass SGST Bill; Haryana Assembly to hold special assembly tomorrow i.e. May 4, for said purpose.....

Uttarakhand State Assembly passes SGST Bill
Uttarakhand State Assembly passes State Goods and Services Tax Bill becoming sixth State after Telangana, Bihar, Rajasthan, Jharkhand and Chhattisgarh;.....

One registration for EOU & DTA units within same State, no invoice-wise details for B2C supplies, says Revenue Secretary
Revenue Secretary Hasmukh Adhia and GST Commissioner Upender Gupta answer a volley of questions on GST during live Q&A session.....

GSTN equipped to handle 2.6 billion monthly transactions, 71% tax-payers migrated so far, says Prakash Kumar
GSTN CEO Prakash Kumar in an exclusive interview with Moneycontrol, tells that the Network is equipped to handle 2.6 billion.....

GST Funda : Concept of 'Audit'
The term ‘audit’ refers to an official inspection of an individual’s or organization’s accounts, typically by an independent body. Under.....

Eye Share : Disparity in ‘interest’ under GST laws
We are in final leg of implementing the most touted tax reform - Goods & Services Tax (GST) July 1st, with.....

GST Revolution hitting your screens soon...
Are You Ready to be a GSTPro? Keep watching this space for more.. .....