Legal Update

Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of GST

No A-11013/18/2015-Ad.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, dated the 2nd August, 2017. OFFICE ORDER NO. 09/Ad.IV/2017 Subject: Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of Goods and Services Tax. In continuation of CBEC’s Order No. 05/Ad.IV/2015 vide… Read More

GST council recommends to Increase Max.Ceiling of Cess Leviable on Motor Vehicles

GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%  The GST Council considered the issue of cess leviable on motor vehicles in its 20th meeting held on the 5th of August 2017 and recommended that Central Government may move… Read More

Govt. sets up two call centres to cater to the queries on GST

Government sets up two call centres to cater to the queries relating to GST  Government has set up two call centres being run for the purpose of catering to queries of taxpayers and stakeholders in GST. i. Call centre on GST Application software prepared by GSTN, is being run by GSTN. Phone number is 0120-4888999… Read More

Govt. decides to organise workshops on GST

Workshops on GST  Government has taken decision to organize workshops to make the people aware about Goods and Services Tax (GST).  Both at the Central and States level have been organizing GST Awareness campaigns through workshops all across the country to spread awareness on GST. The workshops are being conducted in a town hall format… Read More

GSTN to be issued soon to tax payers with Provisional ID and new taxpayers

Rules related to Registration and Composition Scheme have been notified on 19th June, 2017& came into effect from 22nd June, 2017 in order to start the process of issue of Registration Certificate, called Goods and Services Tax Identification Number (GSTIN), to taxpayers already issued provisional ID for registration (PID) as well as to the new taxpayers.  The… Read More

Benefits of the reduced rates/tax rebate to the consumers post GST

Benefits of the reduced rates/tax rebate to the consumers post GST  The GST Council comprising the representatives of Central and State Government recommended the GST rates for goods and services, interalia taking into account the pre-GST indirect taxes incidence on goods and service. The GST rates on goods have since been notified. With the GST… Read More

Exporter will be eligible for refund of Compensation Cess paid on goods :CBEC

Circular No.1 /1/2017-Compensation Cess F.No.354/136/2017-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** New Delhi, Dated 26th July, 2017 To Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners/Commissioners, All under CBEC. Madam/Sir, Subject: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to… Read More

Govt. amends Central Tax Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 27th July, 2017 No. 17/2017–Central Tax G.S.R. 965(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend… Read More

Central Govt. notifies Goods and services Tax Settlement of funds Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th July, 2017 G.S.R. 964(E).—In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), section 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017)… Read More

Exporter to declare no input tax credit of CGST or IGST has been availed on export products

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 26th July, 2017 No. 73/2017-CUSTOMS (N.T.) G.S.R. 954(E).—In exercise of the powers conferred by sub-sections (2) and (3) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central , and if necessary, establish to the… Read More

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