Legal Update - Corporate Law Reporter

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

Central Govt. amends CGST Rules notification 10/2017-CT dt 28.06.2017

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 15/2017 – Central Tax New Delhi, the 1st July, 2017 10 Ashadha, 1939 Saka G.S.R. ( )E.:- In exercise of the powers… Read More

CBEC assigns jurisdiction and power to officers of various directorates

[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. 14/2017 – Central Tax New Delhi, the 1st July, 2017 10 Ashadha, 1939 Saka G.S.R (E).- In exercise of the powers conferred under… Read More

Union Territory Tax rate notifications- 2017

UTGST Rate Notifications UTGST Rate Schedule notified under section 7 (1) Corrigendum (488 KB) to notification No.01/2017 UTGST exempt goods notified under section 8 (1) 2.5% concessional UTGST rate for supplies to Exploration and Production notified under section 8 (1) Notification prescribing reverse charge on certain specified supplies of goods under section 7 (3), Notification specifying supplies… Read More

CBEC respond to 100 queries on Goods and Service Tax

The Central Board of Excise and Customs has attempted to respond to 100 such questions in order to clear the people's doubts on GST. 1. Does aggregate turnover include value of inward supplies received on which RCM is payable? Ans. Refer Section 2(6) of CGST Act. Aggregate turnover does not include value of inward supplies… Read More

Revenue Secretary clarifies certain myths about GST

Hasmukh Adhia lists seven myths On the second day of the Goods and Services Tax (GST) implementation across the country, the Revenue Secretary in the Ministry of Finance Hasmukh Adhia took to Twitter to dispel what he said were the seven myths on GST. Later, he responded to questions on GST. He particularly targeted the… Read More

Corrigendum issued w.r.t. notif. No.1/2017-UT Tax (Rate) dt. 28th June, 2017

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Corrigendum New Delhi, the 30th June, 2017 G.S.R. (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Union Territory Tax (Rate), dated… Read More

CBEC notifies return forms ER-1 & ER-3 under Central Excise Rules & CENVAT Credit Rules

[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) New Delhi, the 9 th of August, 2017 NOTIFICATION No. 23/2017 - Central Excise (N.T.) G.S.R.___ (E). - In exercise of the powers conferred by rule 12 of the Central Excise… Read More