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Ca Gaurav Agarwal

Latest Posts by Ca Gaurav Agarwal

Summary of 20th GST Council Meeting

August 7, 2017 20937 Views 3 comments Print

Union Finance Minister Arun Jaitley on Saturday chaired the 20th meeting of the GST Council which has decided: Final Drafting of E way bills Job work of all kinds of textiles will be taxed at 5%. Earlier some types of jobwork were taxed at 18% Rates on tractor parts brought down to 18% Government given work contracts like roads bridges canals will now be taxed at 12% with credits. Earlier this was 18%. Anti profiteering mechanism will get kick started by appointing state wise committees

GST 19th Council Meeting Summary

July 20, 2017 9276 Views 0 comment Print

Over two weeks into the goods and services tax (GST) regime, the all powerful GST Council have met on Monday, July 17, 2017 to take stock of the implementation of the new indirect tax and GST tax rate on Cigarette.

Summary of CGST Rate Notifications

July 8, 2017 7119 Views 1 comment Print

The Government has exempts intra-State supplies of goods, the description of which is specified in column (3) from so much of the central tax leviable as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table and subject to the relevant conditions annexed to this notification, as per column (5) of the Table aforesaid.

Summary of 18th GST Council Meeting

July 7, 2017 2793 Views 0 comment Print

Previous Council Meeting (17th) –June 18, 2017 (Delhi) Today’s Council Meeting (18th ) –June 30, 2017 (Delhi) Next Council Meeting (19th) –August 5, 2017 GST IMPLEMENTED FROM JULY 01, 2017 Agenda of meeting: the meeting was originally called just to thank the council members for helping in the implementation of GST. There was no formal […]

Summary of 17th GST Council Meeting

June 20, 2017 6363 Views 0 comment Print

Agenda of meeting: – The Union Minister for Finance, Shri Arun Jaitley will chair the17th Meeting of the GST Council scheduled to be held on June 18,2017 at Vigyan Bhavan, New Delhi .Main agenda items of the 17th GST Council Meeting include

Summary of 16th GST Council Meeting

June 13, 2017 9222 Views 0 comment Print

Finance Minister Arun Jaitley on Sunday chaired the 16th meeting of the GST Council which has decided: ♦ Increase in turnover limit for composition scheme ♦ Rate adjustment as received from various industry representative ♦ Finalising Accounts and Records Rules and their format

Summary of 15th GST Council Meeting

June 4, 2017 6519 Views 0 comment Print

Finance Minister Arun Jaitley on Saturday chaired the 15th meeting of the GST Council which has decided tax rates on essential items such as gold, textiles, packaged food, Bidis, Solar panels, Biscuits and footwear among others.

Impact of GST on Indian Economy

April 26, 2017 3870 Views 3 comments Print

Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging around 17 existing taxes into single system of taxation. It was introduced as The Constitution (One Hundred and First Amendment) Act 2016.

GST 13th Council Meeting

April 26, 2017 2856 Views 0 comment Print

The all-powerful Goods & Services Tax (GST) Council in its 13th meeting held at New Delhi decided the followings:- 1. Approval to draft GST rules (5 out of 9) which were released in September 2016 duly aligned with GST law as approved by Lok Sabha on 29 March, 2017

Impact of GST on Textile Sector

April 25, 2017 22578 Views 0 comment Print

Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging around 17 existing taxes into single system of taxation. It was introduced as The Constitution (One Hundred and First Amendment) Act 2016.

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