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2nd Day after roll-out of GST passed without any major problems

July 2, 2017 1065 Views 0 comment Print

2nd Day after roll-out of GST passed without any major problems; Dhabas and big Restaurants as well as from Kirana shops to Departmental Stores have started getting acclimatized to the new tax system;.

4 FAQS related to GST Migration / Registration

July 2, 2017 5838 Views 0 comment Print

1. I have applied for registration and have not received ARN. What shall I do? Please complete your application procedure, ARN will be generated. 2. I have not received ARN or have received ARN but not GSTIN. How do l supply goods or services or both? You can supply goods or services or both on […]

GST: Impact on Second Hand Goods Industry (an undiscussed theory)

July 2, 2017 6825 Views 6 comments Print

The industry of second hand goods in India is substantially growing since last many decades. There is a huge market of traders dealing in only second-hand commodities which include four wheelers, two wheelers and electronic items like mobiles, laptops, gaming consoles, wrist-watches, women hand bags, jewellery etc. Most of these businesses involve luxury items.

Cabinet approves recommendations of the 7th CPC on allowances

July 2, 2017 1407 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the recommendations of the 7th CPC on allowances with some modifications. The revised rates of the allowances shall come into effect from 1st July, 2017 and shall affect more than 48 lakh central government employees.

Govt already notified rules for issue of GST registration certificate

July 1, 2017 5463 Views 1 comment Print

The rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue of registration certificate, called Goods and Services Tax Identification Number (GSTIN), to taxpayers who have already been issued provisional ID for registration (PID) as well as to the new taxpayers.

Getting complete protection against Cancer and Heart ailments isn’t that difficult anymore

July 1, 2017 2460 Views 0 comment Print

Cancer and heart attacks are two of the most common diseases affecting people today. If you take a few seconds, you will certainly remember someone who has suffered or is suffering from these conditions. Fortunately, the latest technology in medical science and the marvels of modern medicine are making it easier for people to fight cancer and heart problems

MVAT: Govt Rescinds N/No. MGST-1017/CR-103(21) dated 29.06.2017

July 1, 2017 2166 Views 0 comment Print

Government of Maharashtra, hereby rescinds the Government notification of the Finance Department No. MGST. 1017/C.R. 103 (21)/Taxation 1.— dated the 29th June 2017 published in the Maharashtra Government Gazette, Part IV-B, Extra-ordinary No. 182 the dated 29th June, 2017 on page 134.

Seeks to rescind notification no.16/2010-central excise dated 27.02.2010

July 1, 2017 858 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 16/2010-Central Excise, dated the 27th February, 2010 published in the Gazette of India, Extraordinary vide number G.S.R. 118 (E), dated the 27th February, 2010

Seeks to exempt goods mentioned in 7th schedule to finance act,2005

July 1, 2017 2184 Views 0 comment Print

Seeks to provide exemption to all goods mentioned in the seventh schedule to the finance act, 2005 from whole of the additional duties of excise leviable thereon.

GST: The Rise of a New Dawn (Introduction and Impact)

July 1, 2017 19383 Views 2 comments Print

It’s been more than a decade now since we have been listening the buzz about Goods and Services Tax (GST), but now we have seen implementation of GST turning into reality as the Govt. has launched GST on 01/07/2017.

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