Goods and Services Tax news

Register for Online GST Certification Course by TaxGuru & GST Professionals

After huge Response and successful Launch of 1st and 2nd Batch of intensive and comprehensive Online Certification Course on GST, is launching 3rd batch of Course Jointly with GST Professionals across India. Batch to starts from 30th July 2017....

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WCO praises tax reforms in India including implementation of GST

The Union Finance Minister, Shri Arun Jaitley:The National Trade Facilitation Action Plan (NTFAP) aims to align border procedures with international best practices and improve Ease of Doing Business; Dr Kunio Mikuriya, Secretary General, World Customs Organization (WCO) calls on the Finance Minister and praises the massive reforms underta...

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GST: Time to opt Composition scheme & to apply registration cancellation extended

Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration is being extended up to 30th September, 2017. ...

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Number of Registration of GSTN crosses 77.5 lakhs

Till 18th July 2017, the total number of GSTIN registrations is 77,55,416. No major problems have been reported post Goods and Services Tax (GST) from the field offices across the country Internet is not required for doing / conducting business. It would be required only for the purpose of filing of returns under GST. The […]...

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Government has constituted a Committee to monitor impact of GST

Government has constituted a Central Monitoring Committee headed by the Cabinet Secretary to monitor the impact of GST.Three meetings of the Central Monitoring Committee have been held on 2nd July, 11th July and 18th July. The reports include the details of feedback received from various Ministries and Departments regarding the following ...

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Smriti Irani terms GST as a “Great step towards Transparency”

She said that GST is not just ‘Good and Simple Tax’ but it also a ‘Great step towards Transparency’. “Beauty of the GST is it is a Destination tax and it gives money back through Tax credit”, she added....

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Government constitutes a GST Feedback and Action Room (FAR)

Government constitutes a GST Feedback and Action Room (FAR) w.e.f. 26-06-2017 to review the information, calls, media inputs etc received from Ministries, State Governments, field formations, social media, news channels, emails etc To reply the queries of the taxpayers and tax officials and to deal with issues related to the implementatio...

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Join Certification Course on GST (Impact, Planning & Implementation) by MSME

With immense pleasure, we would like to invite the readers of Taxguru for the certification course on GST by Ministry of Micro, Small & Medium Enterprises (MSME), Govt. of India, specially designed to cater the need of professionals and businesses at large....

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Cabinet approves CGST and IGST (Amendment) Bill, 2017

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Central Goods and Services Tax (Amendment) Bill, 2017. ...

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Organized traders and unorganized sellers in Textile Sector not affected by GST: FM

The main demand of the textile traders is not to put any tax on fabrics. However, the same cannot be accepted because of the following reasons: Nil GST on fabrics will break the input tax credit chain and then the garments / made ups manufacturers will not be able to get the credit of tax on previous stages...

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