News

GSTN to Assess Readiness for GST roll-out from 01st July

GSTN holds a Review Meeting with GST Suvidha Providers (GSPs) to Assess Readiness for GST roll-out from 01st July, 2017; GSPs advised to continue to visit the GSP ecosystem webpage on the GSTN website (www.gstn.org/ecosystem) for all information, latest updates and guidelines. ...

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Daily Consumer goods to become cheaper after GST

Implementation of Goods and Services Tax (GST) on the following items will have zero rate after the GST Law comes into force on 1st July, 2017.As a result of which these items will be available at cheaper rates to the common man at large: ...

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GST Council constitutes 18 Sectoral Groups for smooth roll-out of GST

As decided in the 14th Meeting of the GST Council held on 18th-19th May, 2017 in Srinagar, J&K, 18 Sectoral Groups have been constituted representing various sectors of the economy in order to ensure smooth roll-out of GST....

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16th Meeting of the GST Council on Sunday, 11th June, 2017

The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held on Sunday, 11th June, 2017 at Vigyan Bhavan in the national capital. ...

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CBDT Notifies new Safe Harbour Regime

In order to reduce transfer pricing disputes, to provide certainty to taxpayers, to align safe harbour margins with industry standards and to enlarge the scope of safe harbour transactions, CBDT has notified a new safe harbour regime based on the report of the Committee set up in this regard....

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FM thanked political parties for support in GST Launch WEF 1st July, 2017

The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley has thanked all the political parties for their cooperation and contribution in making the launch of Goods and Services Tax (GST) possible with effect from 1st July, 2017. In a letter addressed to the Presidents of the different political parties, the Finance ...

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ICAI permit CAs to act as Insolvency Professional under IBC, 2016

ICAI members enrolled as Insolvency Professional under the Insolvency and Bankruptcy Code, 2016 can render services under the said Code either individually or as an entity. ...

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India Signs MLC to Prevent Base Erosion and Profit Shifting

Finance Minister Shri Arun Jaitley signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting at Paris on 7th June, 2017 on behalf of India....

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Empanelment with Indian Bank for Concurrent Audit

Indian bank is in the process of making a Fresh Panel for concurrent auditors. Applications are invited from eligible Audit Firms for empanelment as Concurrent Auditors as per the eligibility criteria. Last date of submission of Applications is 09.06.2017...

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Govt abolishes various Cesses in last 3 years for roll-out of GST

The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017. ...

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