Archives for October, 2017 - Page 3
ANALYSIS OF PROPOSED AMENDMENTS IN COMPOSITION SCHEME IN GST COUNCIL MEETING
By CA Parampreet Khurana The GST Council in its the 22nd meeting held on 6 October 2017 has brought in necessary changes in its composition scheme. The Government has extended…
Recommendations made by the GST Council in its 22nd Meeting held
The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley has recommended…
Changes in GST Rates for Goods and IGST Rates on Imports of Goods
As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain…
Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports
Circular No. 8/8/2017-GST has been released by CBEC on 4th October giving the clarity on current situation regarding furnishing of LUT for exports after the release of Notification No.…
Now Letter of Undertaking can be furnished by any exporter
Notification No. 37 /2017 – Central Tax has been issued whereby it has been notified that now the Letter of Undertaking can be furnished by any registered person in place…
Facility to opt out from composition scheme enabled
It has been announced by GSTN that now the facility to opt out from composition scheme has been made available on the common portal. So taxpayers waiting to opt-out can…
GST Tech FAQ’s for guidance to amend the fields on GST Portal
Read various FAQs released by GSTN on Twitter through its GST Tech Twitter handle. These FAQs guide taxpayers for amending various fields on GST Common Portal.
Confusion on extension of last date for submission of Transition for the purpose of CGST Rule 118, 119, 120
Order was released by CBEC to clarify that the last date of filing FORM GST TRAN-1 is extended till 31st October 2017, but the order talked about only CGST Rule…
Central Goods and Service Tax Eighth Amendment Rules Released
CBEC issued Notification No. 36/2017- Central Tax notifying the eighth amendment rules. In the amendment rules, main changes have been made with respect to rules relating to transition. Read the Notification…