Category - GST

Tax Liabilities have reduced under GST regime in comparison to present Indirect Tax rates

Press Information Bureau Government of India  Ministry of Finance   15-June, 2017 17:04 IST Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of… Read More

The GST Council to chair its 17th Meeting on Sunday, 18th June, 2017

Press Information Bureau Government of India Ministry of Finance 15-June, 2017 13:26 IST The Union Finance Minister to chair the 17th Meeting of the GST Council on Sunday, 18th June, 2017 The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 17th Meeting of the GST Council scheduled to be… Read More

CBEC amends CENVAT Credit Rules to carry forward the unavailed credit of Service tax under GST Regime

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 12th June, 2017 No. 15/2017-Central Excise (N.T.)     G.S.R. 577(E).—In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the… Read More

Telecom Companies can avail remaining Cenvat Credit under GST regime

Press Release Subject:- Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST--reg. Cenvat Credit Rules, 2004 provide that credit of Service Tax paid in a financial year, on the onetime charges payable in full upfront or in instalments, for the service of assignment of the… Read More

Highlights of the 16th GST Councils meeting held on 11 June 2017

Highlights of the GST Councils meeting held on 11 June 2017 The GST Council has approved the Accounts and Records Rule and Formats in its meeting held Yesterday. The Council also approved the GST Registration Rules in its meeting. Rates for certain Goods were revised from the rates decided in the last meeting- List of Revised rates of goods… Read More

GST Council to chair its 16th Meeting on 11 June,2017

Press Information Bureau Government of India Ministry of Finance 09-June-2017 14:11 IST The Union Finance Minister to chair the 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… Read More

GST rates finalized as per 15th GST councils meeting held on 3rd June, 2017

GST RATE SCHEDULE FOR CERTAIN GOODS  [As per discussion in the GST Council Meeting held on 3rd June, 2017] The chapter-wise and Rate- wise GST schedule for certain goods can be accessed here ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 3rd June, 2017] The… Read More

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