Legal Update

Govt. exempts goods notified under section 11 (1) of the CGST Act,2017

The Central Government  on the recommendations of the GST Council exempts intra-State supplies of goods mentioned in the schedule from the whole of the central tax leviable under section 9 of  the CGST Act, 2017.   [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE… Read More

Govt. notifies CGST Rates Schedule under section 9 (1) of the CGST Act, 2017

The Central Government on the recommendation of the Council notifies the Rate of Taxes that shall be levied on inter-state supplies of goods under CGST Act, 2017. Schedules are appended in this notification can be read below. [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF… Read More

Central Govt. prescribe rate of interest under CGST Act, 2017

The Central Government on the recommendation of the GST Council Fixes the Rate of Interest per annum for the sections mentioned in the table below. The Rate of Interest will be applicable from 1st July 2017. The Notification can be Read Below: [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,… Read More

CBEC amends Notification No.6/2017-Central Taxes dt. 19 June 2017

Central Board of Excise and Customs amends the notification no. 6/2017 issued by the Government of India in the Ministry of finance on 19 June 2017. The amendments in this Notification shall be deemed to be enforceable from the date 22nd June 2017.   The Notification can be read below:   [TO BE PUBLISHED IN… Read More

Central Govt. notifies certain CGST Rules and Form formats

The Central Government amends Central Goods and Service Tax Rules, 2017 notified on 19 June 2017 to be enforceable from 1st July 2017. The Rules for the following chapters have been amended: Chapter IV – Determination of Value of Supply Chapter V – Input Tax Credit Chapter VI- Tax Invoice, Credit and Debit Notes Chapter… Read More

Central Govt. notifies certain provisions of CGST Act, 2017 enforceable w.e.f. 1st July 2017

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 9/2017 – Central Tax New Delhi, the 28th June, 2017 7 Ashadha, 1939 Saka   G.S.R. …..(E).— In exercise of the powers conferred… Read More

GST Council relaxes norms in eastern states and HP under Central Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th June, 2017 No. 8/2017-Central Tax G.S.R. 647(E).—In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on… Read More

CBEC amends certain rules under CGST Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 27th June, 2017 No. 7/2017–Central Tax G.S.R. 644(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 to amend the… Read More

30 states have passed SGST legislation, FM urges J&K Chief Minister to pass GST Bill

  After the most crucial four bills got president assent, finally passed in the month of April. All states except Jammu and Kashmir have passed  State Goods and Service Legislation in their respective assemblies,  paving way for easy transition and implementation of GST. From 1st July GST, it will subsume 16 different taxes.The Union Finance Minster,… Read More

Central Government defers TDS & TCS collection from e-commerce co’s and its suppliers

In order to ensure easy roll out of GST. Central Government has deferred the provisions relating to TDS ( Tax Deduction at Source) and TCS (Tax Collection at Source) for two categories - Persons liable to deduct tax at source,  E-Commerce Companies and their suppliers.   Public Information Bureau Government of  India Ministry of Finance  26-June,… Read More

CBEC assigns officers for Registration and Composition levy under CGST, 2017

Circular No.1/1/2017 F. No. 349/75/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, Dated the 26th June, 2017 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / Director General of Systems Madam/Sir, Subject: Proper officer for provisions relating to Registration and… Read More

CBEC releases Tweet FAQ’s on Goods and Service Tax

Tweet FAQs The tweets received by ask GST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. S. No. Questions / Tweets Received Replies 1. Does aggregate turnover include value of inward supplies received on which RCM is payable? Refer Section 2(6) of CGST Act. Aggregate turnover does not include value of… Read More

Project Import (Amendment) Regulations,2017 enforced on 23 June 2017- CBEC

Central Government made the Project Imports (Amendment) Regulation, 2017 to amend the Project Imports Regulations, 1986. The amendments made in the regulation can be read below in the table. These regulations were enforced on 23 June 2017. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA… Read More

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