Legal Update - Corporate Law Reporter

Corrigendum to Notification No. 16/2017-Central Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) CORRIGENDUM New Delhi, the 10th July, 2017 G.S.R. 854(E).—In the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 16/2017-Central Tax , dated the 7th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section… Read More

The Central Goods and Service Tax (Extention to Jammu and Kashmir) Ordinance, 2017

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 8th July 2017/Ashadha 17,1939 (saka) THE CENTRAL GOODS AND SERVICE TAX (EXTENTION TO JAMMU AND KASHMIR) ORDINANCE, 2017 No.3 of 2017 Promulgated by the President in the Sixty-eight Year of the Republic of India. An Ordinance to provide for the extension of the Central… Read More

The Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Ordinance, 2017

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 8th July 2017/Ashadha 17,1939(saka) THE INTEGRATED GOODS AND SERVICE TAX (EXTENTION TO JAMMU AND KASHMIR) ORDINANCE, 2017 No.4 of 2017 Promulgated by the President in the Sixty-eight Year of the Republic of India. An Ordinance to provide for the extension of the Integrated Goods and… Read More

Gifts up to Rs 50,000/- per year by an employer to employee are outside the ambit of GST:PIB

Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business. Public Information Bureau Government of India Ministry of Finance… Read More

CG clarifies the GST rate for Sanitary Napkins

GST rate for Sanitary Napkins There are some remarks made by various column writers on GST rate on sanitary napkins. It may be mentioned that the tax incidence on this item before and after GST is the same or less. Sanitary napkins are classifiable under heading 9619. In pre-GST, they attracted concessional excise duty of 6% and… Read More

Presentations on Concepts of GST: Registration,Migration, transition and Invoice: PIB

Press Information Bureau Government of India Ministry of Finance 08-July, 2017 13:52 IST GST Ki Master Class III: Composition and record keeping PPT on Composition and record keeping Basic Concepts of Transition & Invoice PPT on Basic Concepts of Transition & Invoice Concepts of GST: Registration and Migration PPT on Concepts of GST: Registration and… Read More

Chief commissioner of GST clarifies, no unauthorised visits to traders premises

Public Information Bureau Government of India Ministry of Finance 08-July, 2017 13:35 IST Clarification by the Office of the Chief Commissioner of GST (Delhi Zone) that no officer of the Department is authorized to visit the premises of the traders and shopkeepers without authorization; In case of any difficulty, complain at Phone no. 011-23370115. It… Read More

GST Rates Finder- mobile app launched by Finance Minister

Public Information Bureau Government of India Ministry of Finance 08-July, 2017 13:33 IST The Central Board of Excise and Customs (CBEC) takes certain initiatives for Ease of Doing Business under the GST regime; Finance Minister Shri Arun Jaitley launches a Mobile App “GST Rates Finder” to help users to find rates of GST for… Read More

Clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply: PIB

Public Information Bureau Government of India Ministry of Finance 08-July, 2017 13:32 IST Clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply. The Rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These Rules have been brought into effect from 22nd June, 2017. The… Read More

J&K joins GST today making the GST truly a “ one nation, one tax” regime.

The State of Jammu and Kashmir joins GST today making the GST truly a “ one nation, one tax” regime. The President of India has promulgated today two ordinances, namely, the Central Goods and Services Tax (Extension to Jammu and Kashmir) Ordinance, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir)… Read More

30 states have passed State Goods and Service Tax legislation

This table shows the States who have passed the SGST legislation and the link to the following sites : S.No. Name of the State Date of grant of assent for SGST Bill Link to the SGST Act of the States Link to the State Websites 1. ANDHRA PRADESH 5 June 2017 Andhra Pradesh Goods… Read More

Clarification on Inter-state movement of various modes of conveyance, carrying goods or passengers or for repairs and maintenance

Circular No. 1/1/2017-IGST F. No. 354/119/2017 –TRU (Pt) Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block, New Delhi Dated the 7th of July, 2017 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / Director General of Systems Subject: Clarification on Inter-state movement of various… Read More

Circular related to Bond/Letter of Undertaking for exports without payment of integrated tax

Circular No. 4/4/2017-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, the 7 th July, 2017 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners/ Commissioners of Central Tax (All) Madam/Sir, Subject: Issues related to Bond/Letter… Read More