GST News 2017-04-06T10:48:12+00:00

Latest News Related to GST

  • gst india

Industry body seeks special treatment for small units in GST

April 29th, 2017|0 Comments

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. [...]

  • gst-budget

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

April 29th, 2017|0 Comments

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 [...]

  • gst benefits

Arun Jaitley promises no surprises in GST rate fixation

April 28th, 2017|0 Comments

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 [...]

  • gst-law-cgst-sgst-igst

Jharkhand assembly passes GST bill

April 28th, 2017|0 Comments

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 [...]

  • GST-CBEC FORMATION

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

April 28th, 2017|0 Comments

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 [...]

  • gst legislation

GST Bill set to clear House hurdle today – Jharkhand

April 27th, 2017|0 Comments

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 [...]

  • gst firms fmcg

FMCG firms start putting infra in place for GST

April 27th, 2017|0 Comments

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 [...]

  • gst structure ready

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

April 27th, 2017|0 Comments

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 [...]

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

April 26th, 2017|0 Comments

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 [...]

  • gst-cess

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

April 26th, 2017|0 Comments

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-adhia - manufacturing india

GST to boost domestic manufacturing, won’t up inflation: Revenue Sec.

April 26th, 2017|0 Comments

The government on Tuesday said GST will not lead to inflation and rather make domestic goods competitive via-a-vis imported items. Revenue Secretary Hasmukh Adhia dismissed fears that GST implementation will lead to a spurt [...]

  • Gst rates announce

Govt may not announce GST rates immediately for fear of market manipulation

April 26th, 2017|0 Comments

The government is unlikely to announce the tax rates for various commodities under GST any time soon as it fears an early announcement could give rise to market distortions and hoarding. Sources privy to [...]

  • gst tax rating

GST to rate taxpayers, businesses on payment record, make ratings public

April 26th, 2017|0 Comments

Trade and industry will be assigned a 'compliance rating' based on their credibility with regard to timely deposit of taxes to the exchequer and filing of returns under the goods and services tax structure. [...]

  • GST TAXABLE PERSON PROFESSIONAL

Professionals may face GST as ‘casual taxable persons’

April 25th, 2017|0 Comments

If you are an interior decorator based in Mumbai and are providing services on-site to a client in Bengaluru (where you don't have a fixed place of business), then irrespective of your turnover, you [...]

  • GST ODISHA CLEAN CESS

Odisha opposes use of clean cess funds for GST compensation

April 25th, 2017|0 Comments

The Odisha government has opposed the decision of the GST Council to use proceeds of the clean environment cess for GST Compensation Fund meant for all states.Chief Minister Naveen Patnaik said this decision is disadvantageous [...]

  • gst bihar adopt

Bihar adopts GST; Nitish terms it as ‘a historic moment’

April 25th, 2017|0 Comments

Both the Houses of Bihar Legislature today unanimously adopted the Goods and Services Tax (GST) bill along with the Bihar taxation (Amendment) Bill, becoming the second state after Telangana to pave the way for [...]

  • under gst small cars prices

Under GST, small cars may see hike in prices

April 25th, 2017|0 Comments

Small and mid-sized cars may see a small hike in prices after the Goods and Services Tax (GST) is rolled out from 1 July as different goods are fitted into the four-slab rate structure. [...]

  • status of gst migration

Status of GST Migration

April 24th, 2017|0 Comments

Vanaja N. Sarna Chairman GOVERNMENT OF INDIA MINISTRY OF FINANCE/ DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS Dated- 21st April, 2017. DO.No.05/CH(EC)/2017 Dear Colleagues, In this week’s newsletter I would like to [...]

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