tax rate changes

Reduction in GST rates on several goods – Anti-Profiteering alert!!!

Goods and Services Tax - The recently concluded 28th meeting of GST Council has recommended changes in the GST rates on several goods and brought down the GST rates on number of products bringing as many as 88 products in lower tax slab. ...

Read More

Recommendations of 28th GST Council Meeting- Whats good & whats not

Goods and Services Tax - The major recommendations are as detailed below:- 1. Composition dealers:- Upper limit of turnover for opting for GST composition scheme to be raised from Rs. 1 crore to Rs. 1.5 crore. Present limit of turnover can now be raised on the recommendations of the Council. > Composition dealers to be allowed to supply services (other than [...

Read More

28th GST council meeting- Recommendations and it’s impact in business

Goods and Services Tax - The GST Council in its 28th meeting held on 21st July has recommended certain amendments in the CGST Act, 2017, IGST Act, 2017, UTGST Act 2017, and GST (Compensation to States) Act, 2017. A quick glance of certain important recommendations and its impact to most of the common stakeholders. Recommendation Upper limit of turnover for [&hell...

Read More

Income Tax Rates for Financial Year 2018-19

Goods and Services Tax - In this Article we updates about the normal Income tax rates applicable to different types of taxpayers for Financial Year 2018-19 . The Income tax rates discussed in this part are applicable for assessment year 2019-20 i.e. financial year 2018-19. In this part you can gain knowledge about the normal Income Tax tax rates applicable to [&...

Read More

Income Tax Rates for AY 2019-20 / FY 2018-19

Goods and Services Tax - This Article Contains Income Tax Rate / Income Tax Chart/ Income Tax Slab as applicable for Financial Year (FY) 2018-19 or Assessment Year 2018-19 (AY) to Individual (resident or non-resident) or HUF or Association of Person (AOP) or Body of Individual (BOI) or any other artificial juridical person, Partnership Firm, LLP, Local Authority,...

Read More

CBIC issues 28 Notification Related to GST Rates on Goods & Services

Goods and Services Tax - CBIC issues 28 Notification Related to GST Rates on Goods & Services on 26th July 2018 which are effective from 27th July 2018. Notifications include Notification No. 2/2018-Compensation Cess (Rate), Notification No. 13 to 21/2018-Central Tax (Rate), Notification No. 14 to 22/2018-Integrated Tax (Rate) and Notification No. 13 to 21/20...

Read More

Quick Review on 28th GST Council meeting updates

Goods and Services Tax - Quick note on 28th GST Council meeting, which has reviewed around 46 proposed amendments in GST Act 2017 and recommended the following amendments ;...

Read More

GST Rate Changes as recommended in 23rd Meeting of GST Council

Goods and Services Tax - As per these recommendations, the list of 28% GST rated goods is recommended to be pruned substantially, from 224 tariff headings [about 18.5% of total tariff headings at 4-digit] to only 50 tariff headings including 4 headings which have been partially reduced to 18% [about 4% of total tariff headings at 4-digit]....

Read More

GST Council recommends Change in GST Rates on 40 Type of Goods

Goods and Services Tax - LIST OF GOODS FOR CHANGE IN GST RATE RECOMMENDED BY GST COUNCIL IN ITS 21st MEETING HELD ON 9TH SEPTEMBER, 2017 1. The GST Council has recommended changes in the GST rates on the following goods: S. No. HSN Description Present GST Rate Recommended GST rate 1. 0802 Walnuts, whether or not shelled 12% 5% […]...

Read More

GST Service: Amendment in Tax / Registration exemption and Rates

Goods and Services Tax - 1. In the list of service tax exemptions to be continued in GST as approved by the GST Council, after S.No. 83, the following shall be inserted –...

Read More
Sorry No Post Found

Concessional CGST rate on specified handicraft items WEF 27.07.2018

Notification No. 21/2018-Central Tax (Rate) [G.S.R. 695(E)] - (26/07/2018) - CBIC notifies concessional CGST rate on specified handicraft items vide Notification No. 21/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018 to give effect to recommendations of 28th GST Council meeting which was held on 21.07.2018....

Read More

CBIC allows Refund of GST credit to fabric manufacturers

Notification No. 20/2018-Central Tax (Rate) [G.S.R. 694(E)] - (26/07/2018) - CBIC allows Refund of accumulated credit on account of inverted duty structure to fabric manufacturers vide Notification No. 20/2018-Central Tax (Rate), Dated: 26th July, 2018. ...

Read More

Changes in List of goods exempt from CGST wef 27.07.2018

Notification No. 19/2018-Central Tax (Rate) [G.S.R. 693(E)] - (26/07/2018) - CBIC amends list of goods exempt from GST vide Notification No. 19/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018 to give effect to recommendations of 28th GST Council meeting which was held on 21.07.2018....

Read More

Revised CGST rates on various Goods WEF 27th July, 2018

Notification No. 18/2018-Central Tax (Rate) [G.S.R. 692(E)] - (26/07/2018) - CBIC notifies reduced GST Rates on Several Goods vide Notification No. 18/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018....

Read More

Composite supply of works contract to Govt- Term ‘Business’ clarified

Notification No. 17/2018-Central Tax (Rate) [G.S.R. 681(E)] - (26/07/2018) - CBIC inserts following explanation in notification No. 11/2017 – Central Tax (Rate) in Table, against serial number 3 (Related to Composite supply of works contract to Government) , in column (3), in item (vi)- For the purposes of this item, the term 'business' shall not include any activity or...

Read More

Recent Posts in "tax rate changes"

CBIC issues 28 Notification Related to GST Rates on Goods & Services

CBIC issues 28 Notification Related to GST Rates on Goods & Services on 26th July 2018 which are effective from 27th July 2018. Notifications include Notification No. 2/2018-Compensation Cess (Rate), Notification No. 13 to 21/2018-Central Tax (Rate), Notification No. 14 to 22/2018-Integrated Tax (Rate) and Notification No. 13 to 21/20...

Read More

Concessional CGST rate on specified handicraft items WEF 27.07.2018

Notification No. 21/2018-Central Tax (Rate) [G.S.R. 695(E)] (26/07/2018)

CBIC notifies concessional CGST rate on specified handicraft items vide Notification No. 21/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018 to give effect to recommendations of 28th GST Council meeting which was held on 21.07.2018....

Read More

CBIC allows Refund of GST credit to fabric manufacturers

Notification No. 20/2018-Central Tax (Rate) [G.S.R. 694(E)] (26/07/2018)

CBIC allows Refund of accumulated credit on account of inverted duty structure to fabric manufacturers vide Notification No. 20/2018-Central Tax (Rate), Dated: 26th July, 2018. ...

Read More

Changes in List of goods exempt from CGST wef 27.07.2018

Notification No. 19/2018-Central Tax (Rate) [G.S.R. 693(E)] (26/07/2018)

CBIC amends list of goods exempt from GST vide Notification No. 19/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018 to give effect to recommendations of 28th GST Council meeting which was held on 21.07.2018....

Read More

Revised CGST rates on various Goods WEF 27th July, 2018

Notification No. 18/2018-Central Tax (Rate) [G.S.R. 692(E)] (26/07/2018)

CBIC notifies reduced GST Rates on Several Goods vide Notification No. 18/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018....

Read More

Composite supply of works contract to Govt- Term ‘Business’ clarified

Notification No. 17/2018-Central Tax (Rate) [G.S.R. 681(E)] (26/07/2018)

CBIC inserts following explanation in notification No. 11/2017 – Central Tax (Rate) in Table, against serial number 3 (Related to Composite supply of works contract to Government) , in column (3), in item (vi)- For the purposes of this item, the term 'business' shall not include any activity or transaction undertaken by the Central G...

Read More

CGST on Services in relation to a function entrusted to a municipality

Notification No. 16/2018-Central Tax (Rate) [G.S.R. 680 (E)] (26/07/2018)

CBIC notifies with effect from 27th of July, 2018 vide Notification No. 16/2018-Central Tax (Rate), Dated: 26th July, 2018 that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service...

Read More

CGST: RCM on services by individual DSAs to banks/ NBFCs wef 27.07.2018

Notification No. 15/2018-Central Tax (Rate) [G.S.R. 679 (E)] (26/07/2018)

CBIC amends notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM) vide Notification No. 15/2018-Central Tax (Rate), Dated: 26th July, 2018....

Read More

CBIC notifies CGST exemption on certain services from 27th July, 2018

Notification No. 14/2018-Central Tax (Rate) [G.S.R. 678(E)] (26/07/2018)

Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services from CGST with effect from 27th of July, 2018 vide Notification No. 14/2018-Central Tax (Rate), Dated: 26th July, 2018....

Read More

Revised CGST rates on various services WEF 27th July, 2018

Notification No. 13/2018-Central Tax (Rate) [G.S.R. 677(E)] (26/07/2018)

CBIC notifies CGST rates of various services vide Notification No. 13/2018-Central Tax (Rate) Dated: 26th July, 2018 with effect from 27 th of July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018. ...

Read More

Browse All Categories

CA, CS, CMA (3,888)
Company Law (4,097)
Custom Duty (7,091)
DGFT (3,769)
Excise Duty (4,163)
Fema / RBI (3,536)
Finance (3,745)
Income Tax (28,253)
SEBI (2,962)
Service Tax (3,408)

Search Posts by Date

November 2018
M T W T F S S
« Oct    
 1234
567891011
12131415161718
19202122232425
2627282930