The all-powerful GST Council headed by the Hon’ble Finance Minister, Mr. Arun Jaitley met for the fifteenth time with an agenda to fix the rates for almost all the remaining items, such as precious metals (gold and silver), diamonds, biscuits, textiles, and footwear.
GST RATE SCHEDULE FOR CERTAIN GOODS [As Per Discussions In The GST Council Meeting Held On 3rd June, 2017] Download GST Rate Schedule For Certain Goods (As approved by GST Council on 3rd June 2017) Also Read- 1 » IGST Exemptions/Concessions List under GST- dated 03.06.2017 2 » Addendum to the GST Rate Schedule – […]
ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 3rd June, 2017] The following amendments/ additions are required to be made to the aforesaid document: 1. In Chapter 15, in the 18% rate column, the part entry from 1517 relating to edible mixtures of vegetable fats […]
IGST Exemptions/Concessions under GST [As per discussions in the GST Council Meeting held on 1th/19th May, 2017] I . Multilateral/Bilateral Commitments — Imports by Privileges Persons Organizations, Authorities and Foreigners Download IGST Exemptions/Concessions List under GST- dated 03.06.2017 Also Read- 1 » Highlights of 15th GST Council Meet 2 » Addendum to the GST Rate […]
Every registered person (other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017) required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-1 electronically through the Common Portal, either directly or through a Facilitation Centre notified by the Commissioner.
GST council had its 15th meeting, chaired by Finance Minister Arun Jaitley, at Srinagar, hammered out almost all the related aspects to implement nationwide, the biggest tax reform since independence i.e. Goods and Service Tax, at the scheduled date i.e. July 1, 2017, which aims to transform Asia’s third largest economy into a single market. […]
There would always be a segment of taxpayers who would find it difficult to completely fulfill the compliance requirement of tax laws, may be due to their small size or nature of their operations. From the tax collector view-point also, the cost of collecting tax from such tax payers is far more in percentage terms […]
How many times you visited a Restaurant and got amazed by the taxes there on and not amazed by the actual amount of bill. You might have found following taxes in the restaurant that would have daunted you most of the times (Not sure about you but they have definitely frustrated me). a. Value Added […]
CBDT hereby extends date of furnishing of statement of financial transactions under Rule 114E(5) of Rules, r.w. section 285BA for Assessment Year 2017-18 front 31st May 2017 to 30th tune 2017 in case of persons throughout India who are liable to furnish the said statement.
Section 171 of the CGST Act provides for the Anti-profiteering measures so as to ensure that benefit of credit available is ultimately passed on to the consumer. However, with change in law and to enable ease of understanding for all the assessees Anti-profiteering measures be kept in abeyance for 2 years.
