Goods and Services Tax

Indian Customs Gears up for GST roll-out: What you need to know?

With effect from 01-07-2017 Integrated Goods and Services Tax (IGST) and GST Compensation Act would come into force. IGST and GST Compensation Cess Wherever application, would be levied on cargo arriving on 1st July, 2017 It would be effective from midnight of 30th June 2017....

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GST transition simplified

As we are nearing to July 1, 2017 GST will be a reality soon. For the transition from existing law to the GST law the government has made the transitional arrangements to carry forward the input tax credit under the existing laws to the GST law. ...

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Goods returned or price revision after appointed date, under which act concerned document will be issued. (Old Act or GST)

If we received advance payment for service the point of taxation will be the date of receipt of advance. If we received advance as on 26.06.2017 then point of tax will be 26.06.2017 and the transaction shall attract service tax....

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Invoicing System Under GST

Invoicing forms a crucial function when it comes to the execution of a transaction. The invoice becomes a basic document for recording the sale/purchase in books of accounts....

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Transfer or disposal of Business assets under GST with analysis of schedule I and II

where goods forming part of the assets of a business are transferred or disposed of by or under the directions of the person carrying on the business so as no longer to form part of those assets, whether or not for a consideration, such transfer or disposal is a Supply of goods by the person...

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GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II

After the huge response to our first Batch we are happy to announce the second batch for our Online Certification Course on GST organised jointly by GST Professionals and TaxGuru.in across India. Batch will start from 2nd July 2017 and ends on 12th August 2017....

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Postponement of provision related to TDS & TCS of CGST / SGST Act 2017

With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax at source under Section 52 of the CGST / SGST Act 2017, the following has been decided :-...

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Cabinet expresses Gratitude to State CMs and others for support in GST introduction

Just 3 days to Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Cabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States...

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All States/UTs except Jammu & Kashmir, approves State GST Act

As of today, all the States and Union Territories (having assemblies), except the State of Jammu & Kashmir, have approved the State Goods and Services Tax (SGST) Act. The State of Kerala issued an Ordinance today approving State GST Act while the State of West Bengal had issued an Ordinance in this regard on 15th June, 2017. ...

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Ministry of P&NG and DIPP establishes GST Facilitation Cell

With a view to facilitate the implementation of GST for the stakeholders concerned with Ministry of Petroleum and Natural Gas and its organizations, a GST Facilitation Cell has been established. ...

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RLNG supplied by GAIL is not CNG and is Taxable under UP VAT Act

M/S Bhushan Steel Limited Vs The Commissioner, Commercial Taxes (Allahabad High Court) - Just 3 days to Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II 1. Whether ‘Regasified Liquefied Natural Gas’ i.e. ‘RLNG’, sold to revisionist by Gas Authority of India Ltd. i.e. ‘GAIL’ is ‘Compressed Natural Gas (CNG)&...

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12.5% Vat payable on Appy Fizz a fruit juice based drinks in Kerala: SC

M/S. Parle Agro (P) Ltd. Vs Commissioner of Commercial Taxes (Supreme Court of India) - The appellant, an assessee under the KVAT Act, classified the product, “Appy Fizz” as fruit juice based drink under Entry 71 of the notification issued under Section 6(1)(d) of Act, 2003 paid @ 12.5% VAT. In the year 2007, the Department initiated assessment proceedings against one of the distri...

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SC Upheld validity of MVAT (Levy, Amendment and Validation) Act, 2009

Eurotex Industries and Exports Limited Vs State of Maharashtra & Anr. (Supreme Court of India) - SC upheld constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 which amended certain provisions in the Maharashtra Value Added Tax Act, 2002 (MVAT Act) with retrospective effect from April 01, 2005. ...

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Railway catering services not exempt from sales tax: Bombay HC

Union of India Vs State of Maharashtra and Ors. (Bombay High Court) - The only contention and which has prevailed throughout is that the departmental catering service being a property of the Union of India through General Manager, Western Railway, it squarely falls within the exemption provision and particularly carved out by Article 285 of the Constitution of India. ...

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No VAT under Telangana VAT Act, 2005 on transfer of a business as a whole

M/s. Paradise Food Court Vs. State of Telangana (Andhra Pradesh High Court) - Just 3 days to Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II  A careful look at the reason for Rule 36 being inserted, which cannot be correlated to anyone of the matters enumerated in Clauses (a) to (r) of sub-section (2) of Section 78, will show that in t...

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Rajasthan Govt. notifies Composition and Registration rules under GST

F. 12(46)FD/Tax/2017-31 - In exercise of the powers conferred by section 164 of the Rajasthan Goods and Services Tax Act, 2017 (Act No. 9 of 2017), the State Government hereby makes the following rules - (1) These rules may be called the Rajasthan Goods and Services Tax Rules, 2017....

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Nagaland Govt. notifies www.gst.gov.in as common GST portal

Notification No. F.NO. FIN/REV-3/GST/1/08 (Pt-1)/354-GST - (22/06/2017) - Nagaland Government hereby notifies www.gst.gov.in as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated tax and electronic way bill....

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Nagaland Govt. exempts certain persons from obtaining GST registration

Notification No. F.NO. FIN/REV-3/GST/1/08 (Pt-1)/352-GST - (22/06/2017) - Nagaland Government hereby specifies the persons who are only engaged in making supplies of taxable goods or services or both, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services or both under sub-section (3) of section 9 of the said Act as ...

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Govt notifies turnover limit for Composition Levy for CGST

Notification No. 8/2017-Central Tax - (27/06/2017) - G.S.R. (E).- In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby prescribes that an eligibl...

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Govt notifies turnover limit for Composition Levy for UTGST

Notification No. 2/2017-Union Territory Tax - (27/06/2017) - G.S.R. (E).- In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act) read with section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017)...

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Recent Posts in "Goods and Services Tax"

Indian Customs Gears up for GST roll-out: What you need to know?

With effect from 01-07-2017 Integrated Goods and Services Tax (IGST) and GST Compensation Act would come into force. IGST and GST Compensation Cess Wherever application, would be levied on cargo arriving on 1st July, 2017 It would be effective from midnight of 30th June 2017....

Read More

Rajasthan Govt. notifies Composition and Registration rules under GST

F. 12(46)FD/Tax/2017-31

In exercise of the powers conferred by section 164 of the Rajasthan Goods and Services Tax Act, 2017 (Act No. 9 of 2017), the State Government hereby makes the following rules - (1) These rules may be called the Rajasthan Goods and Services Tax Rules, 2017....

Read More

GST transition simplified

As we are nearing to July 1, 2017 GST will be a reality soon. For the transition from existing law to the GST law the government has made the transitional arrangements to carry forward the input tax credit under the existing laws to the GST law. ...

Read More

Nagaland Govt. notifies www.gst.gov.in as common GST portal

Notification No. F.NO. FIN/REV-3/GST/1/08 (Pt-1)/354-GST (22/06/2017)

Nagaland Government hereby notifies www.gst.gov.in as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated tax and electronic way bill....

Read More

Nagaland Govt. exempts certain persons from obtaining GST registration

Notification No. F.NO. FIN/REV-3/GST/1/08 (Pt-1)/352-GST (22/06/2017)

Nagaland Government hereby specifies the persons who are only engaged in making supplies of taxable goods or services or both, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services or both under sub-section (3) of section 9 of the said Act as the category of persons exempted from ob...

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Govt notifies turnover limit for Composition Levy for CGST

Notification No. 8/2017-Central Tax (27/06/2017)

G.S.R. (E).- In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby prescribes that an eligible registered person, ...

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Govt notifies turnover limit for Composition Levy for UTGST

Notification No. 2/2017-Union Territory Tax (27/06/2017)

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act) read with section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017)...

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Member’s DO letter for jurisdictions of CGST Zones and Commissionerates

No. D.O.F. No. 915/04/Land/Vacant/HRD-ID/2017 (27/06/2017)

As you are aware the Board has already issued notifications specifying the jurisdictions of CGST Zones and Commissionerates. You are also aware that for hiring office space for the newly created formations, the Delegated Financial Powers given to the HoD have also been enhanced for expeditious action to set up the newly created CGST Divis...

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Govt notifies amendments in GST rules even before GST Comes into force

Notification No. 7/2017 –Central Tax (27/06/2017)

Central Government hereby makes the following rules to amend the Central Goods and Services Tax Rules, 2017, namely- 1. (1) These rules may be called the Central Goods and Services Tax (Amendment) Rules, 2017....

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Proper officer for Registration & Composition levy under CGST Act, 2017

Circular No. 1/1/2017 (26/06/2017)

Proper officer for provisions relating to Registration and Composition levy under the Central Goods and Services Tax Act, 2017 or the rules made there under –Reg....

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.

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