GST

Simplest procedure to register under GST for new assessee

Goods and Services Tax - Please find below the procedure for registration under GST. Before proceeding towards the procedural steps for registration under GST, lets go through its applicability:...

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Why GST in India is Unique

Goods and Services Tax - France was the first country which introduced a comprehensive GST Regime in 1954. GST rates in various countries ranges from 5 per cent to 25 per cent. At present, GST has been adopted by more than 150 countries around the globe. ...

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Time of Supply of services under Revised GST Model

Goods and Services Tax - Under the new regime of Revised Model GST Law levy of GST is based upon the term supply and accordingly the first step is to know whether a person, who is engaged in the business has made any supply of goods and / or services; and whether these supplies are taxable under GST. ...

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GST and SCNs issued by MCA for non compliance with Cost Audit Provisions

Goods and Services Tax - Show Cause Notices (SCNs) issued by MCA for non compliance with the Cost Audit Provisions: Is it a beginning to ensure collection of authenticated data at HSN code level for GST...

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Rule of supply under GST- A keystone

Goods and Services Tax - GST is paving the way for a robust and concentric administration of all the Indirect Taxes in India. With the introduction of concept of Supply under the Central Goods and Services Tax Bill, 2017...

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Goods and Services Tax (Compensation to States) Bill, 2017

Goods and Services Tax - THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) BILL, 2017 A BILL to provide for compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016....

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FM introduces IGST, CGST, UTGST, GST Compensation to States Bill 2017 in Lok Sabha

Goods and Services Tax - Finance Minister Arun Jaitley today introduced today The Goods And Services Tax (Compensation To States) Bill, 2017, The Central Goods And Services Tax Bill, 2017 and The Integrated Goods And Services Tax Bill, 2017. Copy of the same can be downloaded from following link :– Bill No. 57 of 2017 – The Central Goods And […...

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Re-organisation of Field Formations in CBEC in GST Regime

Goods and Services Tax - Important Recommendations of WG:- No major shake up in structure to avoid ‘rocking the boat Factoring in of Revenue along with Tax-payer base, Hybrid model of Functional and Territorial jurisdiction, Functional/ industry specialisation to be limited to Division for the present, Verticals namely DGCEI, NACEN, Systems, TPS to be strengthe...

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Amendment in Custom / Excise to facilitate GST & abolish cesses & surcharges

Goods and Services Tax - Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime...

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Goods and Services Tax Act to help in reducing prices of various items

Goods and Services Tax - For FDI, India is most preferred destination in the world today; independence i.e. Goods and Services Tax Act to help in reducing prices of various items...

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Can GST implementation end Tax Terrorism by State Revenue officials?

Flipkart India Pvt. Ltd Vs State of U.P. & Others (Allahabad High Court) - It clearly shows that State VAT department has literally plundered most of the assets of a company without any legal justification. Now, these commercial tax officials would also be part of GST machinery....

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HC slams cavalier fashion working of UP VAT Department

Flipkart India Pvt. Ltd Vs State of U.P. & Others (Allahabad High Court) - If in this cavalier fashion the Commercial Tax Department functions and withdraws huge sums of money without valid service, it would be difficult for big business houses to carry on their business. Such business houses would be forced to shift their business outside the State of Uttar Pradesh....

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GST – Voltage stabilizer is electronic goods for purpose of taxation under U.P. Trade Tax Act

It is evident from the facts of the case that an automatic voltage stabilizer involves the operation of a number of electronic components. A voltage stabilizer might have many components some of which use electricity. This cannot be the sole reason for classifying it as an electrical good. As notice...

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Extension of Due date to activate account on GST Portal for Maharashtra VAT Dealers

Trade Circular No. 7T of 2017 - (08/03/2017) - Many communications have been received from the trade for the extension of dates, as some of them have faced difficulties while obtaining Provisional Ids or activating their accounts on GST Portal. So, as per the communication received from GSTN, and as per request from the Trade, the date for disab...

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GST Migration: Provisional Ids & Access Token of Phase 3 VAT dealer in Maharashtra Reg.

Trade Circular No. 6T of 2017 - (04/03/2017) - Provisional Ids and Access Token of Phase 3 dealers, are now made available by GSTN. Dealer can obtain their provisional Ids from department's portal www.mahavat.gpv.in, using their login credentials. ...

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Migration of Service Tax Assessees to GST: – Reg.

F.No.ST2/Dn X/GST/47/2016-17 - (02/03/2017) - As you are aware that, the process of migration of the existing Service Tax assesses to GSTN is on. All the existing Service Tax assesses have been assigned provisional user ID and password for migration which can be viewed at www.aces.gov.in.after login with your current TIN and Password....

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Migration to GST of existing Central Excise/ Service Tax Assessees – reg.

D.O.No. IV (33) 16/2016 - Systems - (28/02/2017) - The process of migration to GST has been going since 20.01.2017 in Central Excise (when all Provisional IDs were made available to taxpayers via ACES website) and since 09.02.2017 in Service This migration process is for CE/ ST taxpayers who are not getting migrated through State VAT....

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GST Migration: Allotment of Provisional Id & Access Token to Maharashtra dealers

Trade Circular No. 5T of 2017 - (27/02/2017) - (a) Last date for Disabling Provisional Id and Access Token of Non-Compliant Phase 1 & Phase 2 dealers, (b) Distribution of Provisional Id and Access Token for Phase 3 dealers and (c) Last date for submission of signed Enrollment Applications....

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Recent Posts in "GST"

Simplest procedure to register under GST for new assessee

Please find below the procedure for registration under GST. Before proceeding towards the procedural steps for registration under GST, lets go through its applicability:...

Read More

Why GST in India is Unique

France was the first country which introduced a comprehensive GST Regime in 1954. GST rates in various countries ranges from 5 per cent to 25 per cent. At present, GST has been adopted by more than 150 countries around the globe. ...

Read More

Time of Supply of services under Revised GST Model

Under the new regime of Revised Model GST Law levy of GST is based upon the term supply and accordingly the first step is to know whether a person, who is engaged in the business has made any supply of goods and / or services; and whether these supplies are taxable under GST. ...

Read More

GST and SCNs issued by MCA for non compliance with Cost Audit Provisions

Show Cause Notices (SCNs) issued by MCA for non compliance with the Cost Audit Provisions: Is it a beginning to ensure collection of authenticated data at HSN code level for GST...

Read More

Rule of supply under GST- A keystone

GST is paving the way for a robust and concentric administration of all the Indirect Taxes in India. With the introduction of concept of Supply under the Central Goods and Services Tax Bill, 2017...

Read More

GST to be a reality now

The Union Government has introduced the four GST related Bills in the Parliament (Lok Sabha or lower house) on 27th March, 2017. These four bills moved in the lower house of Parliament are the Central Goods and Services Tax (CGST) Bill, Integrated Goods and Services Tax (IGST) Bill...

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GST Migration : 19 Frequently Asked Questions (FAQs)

Q1. I am an existing PAN-based Service Tax (ST) and Central Excise (CE) assessee, and wish to enroll in GST. I have business premises and factories in the State of Telangana. Through the ACES portal, I received the Provisional ID and password for the State of Andhra Pradesh, whereas my Principle Place of Business is […]...

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Goods and Services Tax (Compensation to States) Bill, 2017

THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) BILL, 2017 A BILL to provide for compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016....

Read More

Benefits and Demerits of GST in Automobile Sector

What GST would bring to automobile sector is enumerated below:-The present levies such as NCCD and automobile cess which are out of credit mechanism would be abolished with introduction of GST. Thus, reducing the additional cost burden....

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Major changes proposed in GST Bills introduced in Lok Sabha on 27.03.2017

1. Non-Applicability of GST Law in the State of Jammu and Kashmir: Earlier the GST Law was proposed to be applicable to J&K as well. However in the Bill, the applicability of GST Law is extended to whole of India except the state of J&K....

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