Goods and Services Tax

How APMC Market traders can claim GST Exemption on Packed Branded Goods

Practice to be followed by traders in APMC Market from 22nd September 2017 in order to remain eligible for exemption : 1) Every Traders should make sure that on all the Fresh Goods received on or after 22nd September 2017 following disclaimer is Compulsorily printed on all the Bags in inedible ink in English as well as Local Languages (Hi...

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Brief Analysis of E-Way Bill Rules under GST Regime

E-Way Bill Rules notified vide Rule 138 of Central Goods and Services Tax Rules, 2017 through Notification 27/2017 dated 30-08-2017. E-Way Bill Rules are applicable to a registered person who causes movement of goods. It means the E-Way Bill Rules are not applicable to: -Unregistered Person -Where no movement is involved. Comments: 1. As ...

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14 FAQs on TDS under GST applicable from 18th September 2017

TDS (Tax deducted at source) is not a new concept under GST. It is also there in Income Tax Act, 1961, but associated provisions governing the same under GST are different. In this write- up, we shall discuss TDS in detail. Introduction In a layman language, the one who deducts tax at source known as […]...

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Interest on delayed payment of tax: Section 50 of CGST Act, 2017

Introduction:  This article discusses in detail about interest payable on late payment of tax liability under  GST. Every person who is liable to pay tax under GST fails to pay the tax or any part thereof to the Government within the due date then he shall pay on his own, interest at 18% or 24% P.A. on […]...

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Dawn after a long black night for the Food mills

GST has been  a hot topic of discussion from the date it was launched. The main reason behind the same is  ambiguity regarding numerous provisions of law.  In order to ensure the creditworthiness of the govt across the world , the govt. could not delay the applicability of law but which finally created a scenario […]...

Read More

TDS Deductor Registration enabled on GST Portal

TDS Deductor Registration Has been enabled on GST Portal Now you can apply GST TDS Deductor Registration from today. Text of Relevant Section 51 of Central Goods and Services Tax Act, 2017 is as follows :- 51. Tax deduction at source. (1) Notwithstanding anything to the contrary contained in this Act, the Government may mandate,–– (a...

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GST rate for branded cereal, pulses and flour and Actionable Claims

The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit container and bearing a registered brand name:...

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Taxpayers can now edit, submit & file GSTR 3B for July 2017

Taxpayers who have not set off their tax liability for GSTR 3B for July 2017 and have only done ‘Submit’ of their GSTR 3B, have now been given option to edit, submit and file their Returns. (Source- Tweet from @askGSTech on 22.09.2017....

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Govt clarifies on Transition Credit of Rs. 65,000 crore claimed by taxpayers

There are lot of speculations in the media about the credit of Rs. 65,000 crore claimed by taxpayers in respect of Central Excise and Service Tax in the pre-GST period. Some people are under the impression that because of Rs. 65,000 crore claimed as transition credit, the income of Government this month has plummeted....

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Govt clarifies on Blockage of Working Capital of Exporters in GST

There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports are not based on facts....

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Relief to taxpayers by Rajathan High Court from late fees and penalty on account of technical glitches on GSTN portal

Rajasthan Tax Consultants Association Vs. Union Of India And Ors (Rajasthan High Court) - माननीय राजस्थान उच्च न्यायालय की डिवीज़न बेंच के न्यायाधीशगण जस्टिस श्री के. एस झवेरी व जस्टिस श्री विजय कुमार व्य...

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GSTN system is not working upto level & needs correction: Rajasthan HC

Rajasthan Tax Consultants Association Vs. Union Of India And Ors (Rajasthan High Court) - Looking to the averments which are made in the petition and the reply which has been filed, it appears that the system is not working upto the level and the same is required to be corrected & updated to meet requirements....

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Release Seized Goods on payment of 50% of demand as per GST: Kerala HC

Tne Commercial Tax Officer Vs Intelligence Inspector (kerala High Court at Eranakulam) - The respondent herein, a dealer registered under the KVAT Act and migrated to CGST Act, had purchased a consignment of plywoods from a manufacturer at Perumbavoor, and was transporting the same. The goods were detained by the appellants and Ext.P5 notice under Section 129(3) of the Central/State Goo...

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HC allows Import without IGST payment against Advance Authorization

Narendra Plastic Private Limited Vs Union of India & Ors. (Delhi High Court) - Delhi High Court on appeal by Narendra Plastic Private Limited  directed as under: (i) The Petitioner will be permitted to clear the consignments of imports constituting inputs for the fulfilment of its export orders placed on it prior to 1st July 2017 without any additional levies, and subject to ...

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Sales Tax applicable on Divisible Sales Component in Works Contract: SC

M/s. India Hume Pipe Co. Ltd Vs State of Rajasthan and Ors. (Supreme Court of India) - All these appeals are filed by the same appellant, namely, M/s. India Hume Pipe Co. Ltd. (hereinafter referred to as the assessee). The singular issue that arises is also identical in all these appeals. The only reason for filing number of appeals is that the said issue pertains to different Assessm...

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Bengaluru GST Zone develops GST jurisdiction Finder App: CBEC Chairman

DO.No.28/CH(EC)/2017 - (23/09/2017) - The Bengaluru GST Zone has revamped its website to focus on GST. It has developed a GST jurisdiction Finder App which can be used by the tax payer to easily identify his/her jurisdictional Central Tax Office....

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Distribution of GST Provisional Id and Access Token of Phase 13 dealers

Trade Circular No. 42T of 2017 - (22/09/2017) - Provisional Ids and Access Token of Phase 13 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department's portal www.mahavin using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal. This phase 13 mainly considers ...

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Notification regarding restriction of refund on corduroy fabrics

Notification No. 29/2017- Central Tax (Rate) - (22/09/2017) - Seeks to amend notification no. 5/2017- central tax (rate) dated 28.06.2017 to give effect to GST council decisions regarding restriction of refund on corduroy fabrics...

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Notification providing GST exemption on various goods

Notification No. 28/2017- Central Tax (Rate) - (22/09/2017) - Seeks to amend notification no. 2/2017- central tax (rate) dated 28.06.2017 to give effect to GST council decisions regarding GST exemptions....

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CBEC amends GST rate schedule

Notification No. 27/2017- Central Tax (Rate) - (22/09/2017) - G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Mi...

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Recent Posts in "Goods and Services Tax"

Bengaluru GST Zone develops GST jurisdiction Finder App: CBEC Chairman

DO.No.28/CH(EC)/2017 (23/09/2017)

The Bengaluru GST Zone has revamped its website to focus on GST. It has developed a GST jurisdiction Finder App which can be used by the tax payer to easily identify his/her jurisdictional Central Tax Office....

Read More

How APMC Market traders can claim GST Exemption on Packed Branded Goods

Practice to be followed by traders in APMC Market from 22nd September 2017 in order to remain eligible for exemption : 1) Every Traders should make sure that on all the Fresh Goods received on or after 22nd September 2017 following disclaimer is Compulsorily printed on all the Bags in inedible ink in English as well as Local Languages (Hi...

Read More

Brief Analysis of E-Way Bill Rules under GST Regime

E-Way Bill Rules notified vide Rule 138 of Central Goods and Services Tax Rules, 2017 through Notification 27/2017 dated 30-08-2017. E-Way Bill Rules are applicable to a registered person who causes movement of goods. It means the E-Way Bill Rules are not applicable to: -Unregistered Person -Where no movement is involved. Comments: 1. As ...

Read More

TDS Deductor Registration enabled on GST Portal

TDS Deductor Registration Has been enabled on GST Portal Now you can apply GST TDS Deductor Registration from today. Text of Relevant Section 51 of Central Goods and Services Tax Act, 2017 is as follows :- 51. Tax deduction at source. (1) Notwithstanding anything to the contrary contained in this Act, the Government may mandate,–– (a...

Read More

14 FAQs on TDS under GST applicable from 18th September 2017

TDS (Tax deducted at source) is not a new concept under GST. It is also there in Income Tax Act, 1961, but associated provisions governing the same under GST are different. In this write- up, we shall discuss TDS in detail. Introduction In a layman language, the one who deducts tax at source known as […]...

Read More

Interest on delayed payment of tax: Section 50 of CGST Act, 2017

Introduction:  This article discusses in detail about interest payable on late payment of tax liability under  GST. Every person who is liable to pay tax under GST fails to pay the tax or any part thereof to the Government within the due date then he shall pay on his own, interest at 18% or 24% P.A. on […]...

Read More

Distribution of GST Provisional Id and Access Token of Phase 13 dealers

Trade Circular No. 42T of 2017 (22/09/2017)

Provisional Ids and Access Token of Phase 13 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department's portal www.mahavin using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal. This phase 13 mainly considers the 367 dealers whose Provisional IDs ar...

Read More

Dawn after a long black night for the Food mills

GST has been  a hot topic of discussion from the date it was launched. The main reason behind the same is  ambiguity regarding numerous provisions of law.  In order to ensure the creditworthiness of the govt across the world , the govt. could not delay the applicability of law but which finally created a scenario […]...

Read More

Notification regarding restriction of refund on corduroy fabrics

Notification No. 29/2017- Central Tax (Rate) (22/09/2017)

Seeks to amend notification no. 5/2017- central tax (rate) dated 28.06.2017 to give effect to GST council decisions regarding restriction of refund on corduroy fabrics...

Read More

Notification providing GST exemption on various goods

Notification No. 28/2017- Central Tax (Rate) (22/09/2017)

Seeks to amend notification no. 2/2017- central tax (rate) dated 28.06.2017 to give effect to GST council decisions regarding GST exemptions....

Read More
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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.