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FAQs on GST updated till 15th December 2018

FREQUENTLY ASKED QUESTIONS (FAQs) ON GOODS AND SERVICES TAX (GST)-3rd Edition: 15th December, 2018- (Note: Changes announced in GST Council meeting held on 22nd December, 2018 are being incorporated and the updated edition will be uploaded shortly)...

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JOIN 4 day GST Practitioner Advanced Certified Training course of M.S.M.E.

JOIN 4 day GST Practitioner Advanced Certified Training course of M.S.M.E. at Jaipur, Hyderabad, Bangalore, Cochin, Kolkata, Gurgaon, Kolhapur, Goa, Indore, Trichy, Pune, Agra, New Delhi, Mumbai, Chennai, Coimbatore, in December 2018 and  January 2019 starting from 29th December 2018. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED...

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Join Online GST Certification Course by Taxguru & MSME Covering Recent Changes

Due to overwhelming response and feedback from previous batches, TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces its Jan’ 2019 Batch for Advanced Online GST Certification Course. Learn GST in a Practical way and become an Expert in this field....

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Summary of 31ST GST Council Meeting Decisions

31ST GST COUNCIL MEETING DECISIONS Change in GST Rate on Goods –  Solar Power Plants to be Taxed at 8.9% – To provide some relief to Solar Industry, it has been decided that supply of Solar Power Systems/ Plants as a part of EPC Contract will be taxed as follows – Particulars Effective Rate 70% […]...

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GST Council की 31st मिटींग के कुछ खास निर्णय

Important changes proposed in GST Council’s 31st Meeting GST Council की 31st मिटींग आज 22/12/2018 को हुई जिसमें नीम्न प्रकार के GST में amendment करने का प्रस्ताव रखा गया है। इसके लिए जल्द ह...

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GST on Goods- Changes proposed in 31st meeting of GST Council

18% GST is applicable on wood logs including the wood in rough/log used for pulping. Turbo charger is classified under heading 8414 and attracts 18% GST and not 5% GST. Fabric even if embroidered or has stitching of lace and tikki etc., and even if sold in three piece fabric as ladies suit set, will be classifiable as fabric andwould attr...

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GST on services- 21 Changes proposed in 31st meeting of GST Council

Reduction in GST rates/exemptions on services: GST rate on cinema tickets above Rs. 100 shall be reduced from 28% to 18% and on cinema tickets upto Rs. 100 from 18% to 12%. GST rate on third party insurance premium of goods carrying vehicles shall be reduced from 18% to 12%...

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16 must know Recommendations made during 31st GST Council Meeting

1. There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accounting authorities. 2. A scheme of single authority for disbursement of the refund amount sanctioned by either the Centre or the State tax authorities would be implemented on pilot basis. The...

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GST Council refers 4 important issues to various Committees / GoM

Certain important issues referred by GST Council to various Committees / GoM  The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: i. Extending the Composition scheme to small service providers. The rate of tax and threshold limit to be proposed [&h...

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In Principle Approval to Centralised GST AAAR & Interest on net tax liability

Amendment of section 50 of the CGST Act to provide that interest should be charged only on the net tax liability of the taxpayer, after taking into account the admissible input tax credit, i.e. interest would be leviable only on the amount payable through the electronic cash ledger....

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