GST - Corporate Law Reporter

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

Govt. clarifies GST rates fixed for physically challenged persons

On GST rate for specified items for Physically Challenged Persons Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below. Assistive devices and rehabilitation aids for physically challenged persons, listed below, have been kept at the concessional 5% GST rate: 1) Braille writers and… Read More

Cabinet Secretary reviews post GST situation with Secretaries of different Departments

Press Information Bureau Government of India Ministry of Finance 03-July, 2017 20:10 IST Cabinet Secretary reviews post GST situation with Secretaries and Senior Officers of different Departments; Ask them among others to ensure that there is adequate supply of commodities especially essential and consumer items to keep their prices under check. The Cabinet Secretary, Shri… Read More

With The Roll-Out of GST, Check Posts Get Abolished Across 22 States in India

The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll-out of the GST, 22 States in India have abolished their check posts. The details are as under - Andhra Pradesh Arunachal Pradesh Bihar Gujarat Karnataka Kerala Madhya Pradesh Maharashtra Sikkim Tamil Nadu West Bengal Chhattisgarh Delhi Goa Haryana Jharkhand… Read More

Suppliers getting acclimatized to new tax system: PIB

Public Information Bureau Government of India Ministry of Finance 02-July, 2017 20:27 IST 2nd Day after roll-out of GST passed without any major problems; Dhabas and big Restaurants as well as from Kirana shops to Departmental Stores have started getting acclimatized to the new tax system;. Since 25th June, 2017, 2.23 lakh new dealers have entered… Read More

Govt. amends NOT. 28/2002-Central Excise, dated the 13th May, 2002

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd July, 2017 No. 20/2017-Central Excise G.S.R. 823(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 147 of the Finance Act, 2002 (20 of 2002), the Central… Read More

GSTN unveils excel template for data entry on GST portal

Press Information Bureau Government of India Ministry of Finance 02-July, 2017 18:42 IST GSTN unveils excel template for to help taxpayers perform easy data entry offline before uploading on the GST portal; Excel template together with an offline tool will make uploading large numbers of invoices much easier and quick; Offline Tool to be unveiled… Read More