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29 04, 2017

Industry body seeks special treatment for small units in GST

By | 2017-04-29T12:35:46+00:00 April 29th, 2017|GST News|

RSS-backed Laghu Udyog Bharati today called for preferential treatment for micro and small enterprises with turnover of less than Rs 2 crore, urging the government to put them under zero duty structure of GST. "We want GST to be modified. We are not satisfied with GST in the present form. The government should come [...]

29 04, 2017

GST to push India GDP growth rate above 8% :IMF

By | 2017-04-29T12:20:20+00:00 April 29th, 2017|GST News|

The Goods and Services Tax (GST), the landmark tax reform to be implemented from 1 July, would help raise India GDP growth rate to above 8%, the International Monetary Fund (IMF) has said, but expressed concern over the Rs7 trillion in bad loans in the Indian banking system. Observing that India is the “fastest [...]

28 04, 2017

Arun Jaitley promises no surprises in GST rate fixation

By | 2017-04-28T15:39:06+00:00 April 28th, 2017|GST News|

Finance Minister Arun Jaitley today promised not to spring any surprises in fixing tax rates under the new GST regime, saying they will not be "significantly different" from current levels. He, however, said companies should pass on to consumers the benefit of reduction in taxes under GST which will eliminate the current compounding effect [...]

28 04, 2017

Jharkhand assembly passes GST bill

By | 2017-04-28T10:54:26+00:00 April 28th, 2017|GST News|

Jharkhand Assembly passed the Jharkhand Goods and Services Taxes Bill, 2017 to pave the way for roll out of GST from July 1. A one-day special session of the assembly was convened to take up the bill. Urban Development Minister C P Singh placed the bill in the assembly which was passed by voice [...]

28 04, 2017

Only 34% service taxpayers move to GST Network, CBEC ups outreach

By | 2017-04-28T10:43:56+00:00 April 28th, 2017|GST News|

The revenue department is stepping up its outreach programme, asking taxpayers to register with the GST Network by this month-end as only 34 per cent of the existing service tax assessees have so far migrated to the new payment portal. There are a total of 80 lakh VAT, excise and service tax assessees. While [...]

27 04, 2017

GST Bill set to clear House hurdle today – Jharkhand

By | 2017-04-27T11:10:49+00:00 April 27th, 2017|GST News|

The state government is set to enter the list of states that have adopted the state Goods and Services Tax(GST) bill on Thursday and enable the Centre to roll out the GST regime from July 1. On the recommendation of the state cabinet governor Droupadi Murmu has summoned a special session of the state [...]

27 04, 2017

FMCG firms start putting infra in place for GST

By | 2017-04-27T10:51:43+00:00 April 27th, 2017|GST News|

As the goods and services tax (GST) enters the final lap before taking effect, consumer goods companies are working round-the-clock to meet the July 1 deadline. Whispers of a possible extension in the deadline were quashed on Sunday by the Prime Minister, urging states to clear their respective State GST Bills without delay. The [...]

27 04, 2017

With GST launch, race against time to avoid sales tax upheaval across India

By | 2017-04-27T10:37:47+00:00 April 27th, 2017|GST News|

India is scrambling to finalize technology to process as many as 3.5 billion invoices each month as it moves to roll out the landmark goods and services tax (GST) from 1 July. The success of one of the world’s largest and most complex tax reforms depends on the glitch-free performance of the goods and [...]

26 04, 2017

Filing Service Tax Return (ST-3) date has been extended to 30/04/17

By | 2017-04-26T15:42:20+00:00 April 26th, 2017|GST News|

ORDER NO : 1/2017-SERVICE TAX NEW DELHI, dated the 25th April, 2017 THE DATE OF SUBMISSION OF THE FORM ST-3 FOR THE PERIOD FROM 1ST OCTOBER 2016 TO 31ST MARCH 2017 HAS BEEN EXTENDED FROM 25TH APRIL, 2017 TO 30TH APRIL, 2017   Read full notification here :  SERVICE TAX RETURN DATE EXTENDED [...]

26 04, 2017

Distribution of GST Provisional Id and Access Token of Phase 4 dealers.

By | 2017-04-26T11:53:39+00:00 April 26th, 2017|GST News|

Office of the Special Commissioner of sales Tax, Maharashtra State, 3rd Flr., Vikrikar Bhavan, Mazgaon, Mumbai-400010 TRADE CIRCULAR No. JCST/Mahavikas/GST Enrollment/2017-18/B- 63Mumbai, Dt. 25/04/2017 Trade Circular No. 12 T of 2017 Subject: Distribution of GST Provisional Id and Access Token of Phase 4 dealers. Reference: 1) Trade Circular 35 T of 2016 dt. 12-11-2016 [...]