Category - GST

CG clarifies no change in tax rate on items of education in the GST era

The Central Government: There is no change made in any subject relating to education in the GST era, except to reduce tax rate on certain items of education such as school bags etc.; Denies the reports that education will become expensive under GST; Rather services provided by an educational institution to students, faculty and staff… Read More

PowerPoint Presentation on GST: Basic Concepts of Transition and Invoice

PowerPoint Presentation on GST: Basic Concepts of Transition and Invoice Click here to see ppt on GST         Read More

CBEC vide NOT. 16/ 2017 -CT, specifies conditions for submission of letter of undertaking

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 7th July, 2017 No. 16/2017–Central Tax G.S.R. 848(E).—In exercise of the powers conferred by sub-rule (5) of rule 96A of the Central Goods and Services Tax Rules, 2017, the Central Board of Excise and Customs hereby specifies the conditions… Read More

CBEC clarifies issues related to furnishing of Bond/ Letter of Undertaking for Exports

Circular No. 2/2/2017-GST F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 4 thJuly, 2017 To, The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) Madam/Sir, Subject: Issues related to furnishing of Bond/ Letter of Undertaking… Read More

CBEC releases Goods Rate Booklet and Services Rate Booklet

Index Of Goods Rate Booklet  SCHEDULE II: LIST OF GOODS AT 0.25% RATE SCHEDULE III: LIST OF GOODS AT 3% RATE SCHEDULE IV: LIST OF GOODS AT 5% RATE SCHEDULE V: LIST OF GOODS AT 12% RATE SCHEDULE VI: LIST OF GOODS AT 18% RATE SCHEDULE VII: LIST OF GOODS AT 28% RATE. Download Goods Rate Booklet… Read More

Govt. assign the officers with various functions under CGST Act and Rules

Circular No. 3/3/2017 - GST F. No. 349/75/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 5 th July, 2017 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All)/ Director General of Systems Madam/Sir, Subject: Proper officer relating… Read More

CBDT issues corrigendum to NOT. 8/2017, dt. 3rd July, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 6th July, 2017 INCOME-TAX G.S.R. 841(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 58/2017, dated the 3rd July, 2017, published vide number G.S.R. 821(E) dated the 3rd July,… Read More

Govt. issues corrigendum to Notification No. G.S.R. 683 (E), dt. 28th June, 2017

MINISTRY OF FINANCE (Department of Revenue) CORRIGENDUM New Delhi, the 5th July, 2017 G.S.R. 838(E).—In the English version of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2017-Integrated Tax (Rate), dated the 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section… Read More

CBEC releases FAQ’s on Composition Levy

Central Board of Excise and Customs releases Frequently Asked Questions on Composition Levy. Q 1. What is composition levy under GST? Ans. The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The… Read More

CG exempts services imported by unit or developer in SEZ from Integrated Tax

NOTIFICATION New Delhi, the 5th July, 2017 No. 18/2017 -Integrated Tax (Rate) G.S.R. 835(E).—In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do and… Read More

Central Government rescinds NOT. 15/2017- IT(Rate) dt 30th June, 2017

NOTIFICATION New Delhi, the 5th July, 2017 No. 17/2017 -Integrated Tax (Rate) G.S.R. 834(E).—In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby… Read More

Govt. exempts goods imported by unit or developer in SEZ for authorised operations

MINISTRY OF FINANCE (Department of Reveune) NOTIFICATION New Delhi, the 5th July, 2017 No. 64/2017- Customs G.S.R. 833(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby… Read More

CG clarifies the meaning of registered brand names, registered TM to attract GST

Meaning of registered brand name in the context of GST rates; CGST rate of 5% will not be applicable on the supply of goods unless the brand name or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999.  The Central GST (CGST) rate on… Read More

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