MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 20th June, 2017 G.S.R. 611(E).-In exercise of the powers conferred by sub-section (1) of Section 11 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 ( 2 of 2017), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.- […]
With the GST set to be rolled out from 1st July, the final phase of preparation for its implementation is in full swing. Customs too has a major stake in the early implementation of GST as IGST would begin to be levied on the imports from 1st July, the credit of which shall be available […]
Millions of traders migrating to GST from current tax regime like excise,service tax and VAT are currently undergoing stress.The biggest concern is the old goods lying in the store and warehouse, on which the input tax of the taxes paid is to be taken in the new tax regime. Create a separate file of unsold […]
All set for 1st July, big day in Indian taxation history. GST council on 18th July had made it pretty clear that GST will be rolling out on said date. But in past few days we have heard many queries relating to real estate industries where builders are demanding to pay whole consideration before 1St July or pay additional amount due to increase in tax rates.
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.
जी.एस.टी. को लेकर सर्राफा व्यापार पर किस तरह से कर लगेगा यह प्रश्न भी हमसे बार- बार किया जा रहा है कि सर्राफा व्यापारी किस तरह से कर देंगे और उन पर जी.एस.टी. के प्रावधान किस तरह से लागू होंगे तो आइये आज अध्यन करें कि किस तरह इस व्यवसाय पर कर लगेगा :-
Following Notifications have been issued by Government of India on 19.06.2017: 1. Notification Seeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017 (Notification No. 1/2017- Central Tax)
GST is a dual concept system. On every transaction (within a state), there will be component of Central GST (CGST) and State GST (SGST). Integrated GST (IGST) is for interstate transactions. Therefore, it is important for businesses to know how to set off the input credit against each of these components in the order as prescribed by the Law.
In the instant matter, there appears to be no violations of Human Rights as well as facts of the case do not attract the allegations of Moreover, your application does not make any reference to such allegations. Hence this department is not liable to provide any information in this regard to you under RTI Act-2005.
Central Government appoints the 22nd day of June, 2017, as the date on which provisions of sections 1, 2, 3, 4, 5, 17, 21 and section 22 of Union Territory Goods and Services Tax Act, 2017 shall come into force.
