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Archive: 01 July 2017

Posts in 01 July 2017

Govt notifies CGST Rules of Inspection, Search & Seizure, Demand & Recovery, Offences and Penalties

July 1, 2017 7296 Views 0 comment Print

Inspection, search and seizure.- (1) Where the proper officer not below the rank of a Joint Commissioner has reasons to believe that a place of business or any other place is to be visited for the purposes of inspection or search or, as the case may be, seizure in accordance with the provisions of section 67

Pass on benefit of GST to consumers: FM to trade and Industry

July 1, 2017 2838 Views 2 comments Print

Finance Minister holds Meeting with the representatives of trade and industry; Ask them to pass on the benefit of GST to consumers The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to implementation of GST from 1st July, […]

GST will help in reducing generation of black money: FICCI

July 1, 2017 1533 Views 0 comment Print

FICCI believes that introduction of GST will help in a major way in reducing the generation of black money and the spread of the parallel economy in the country. The very framework of the tax structure whereby input tax credit is available for the subsequent activity of manufacture or trading serves as an incentive to be more tax compliant.

Railways permits Downloaded e-Aadhar Card as identity proof

July 1, 2017 1806 Views 0 comment Print

Ministry of Railways has decided to incorporate downloaded Aadhaar (e-Aadhaar) also as prescribed proof of identity at par with printed Aadhaar Card during travel.

CGST: Assigning jurisdiction and power to officers of various directorates

July 1, 2017 7470 Views 0 comment Print

CBEC hereby appoints the officers in the Directorate General of Goods and Services Tax Intelligence, Directorate General of Goods and Services Tax and Directorate General of Audit

Text of Finance Minister’s address at the launch of GST

July 1, 2017 1182 Views 0 comment Print

We have assembled today for an important moment in the journey of a great Nation. We are in the process of making history. With the launch of Goods and Services Tax. At the midnight hour We will be launching one of India’s biggest and most ambitious Tax and Economic Reform in history.

Railway clarifies 12 bogus news circulating on Social Media

July 1, 2017 2067 Views 0 comment Print

It has been noticed that a news item is in circulation in various social media platforms, WhatsAPP Groups, and some websites which mentions that Indian Railways is introducing several changes and new facilities with effect from 1st July, 2017. This news is totally incorrect and baseless.

Text of PM’s address at the launch Goods & Service Tax

July 1, 2017 984 Views 0 comment Print

I do not believe that this process of GST is restricted to the scope of economy only. This momentous occasion stands today as a testimony to the concept of Co-operative Federalism in Indian Democracy.

India ushers in GST amid historic midnight session of Parliament

July 1, 2017 681 Views 0 comment Print

The Goods and Services Tax came into force at midnight, amid a historic midnight session in the Central Hall of Parliament. President Pranab Mukherjee, Prime Minister Narendra Modi, and Finance Minister Arun Jaitley addressed the gathering, before the President and the Prime Minister pressed a button to mark the launch of GST. Speaking on the […]

First Bill of Entry & Shipping Bill filed under GST regime at Chennai

July 1, 2017 3921 Views 0 comment Print

This is the beginning of a long journey, a journey which is for nation building and prosperity for all. I am happy to inform that the first Bill of Entry and Shipping Bill has been filed under the new tax regime at Chennai.

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