Author Archives: taxgrid - Page 11
Threshold for Composition Scheme hiked to Rs 2 Crore and tax rate uniformed to 1 percent
GST Council decides to raise composition scheme threshold to Rs 2 crore. Currently, the threshold has been hiked to Rs Crore with the highest possible threshold amount being capped at…
Now only 50 items chargeable in 28% GST Rate slab
There were 227 items in the 28% slab. The fitment committee had recommended that it should be pruned to 62 items. But the GST Council has further pruned to more…
23rd GST Council Meeting Being held in Guwahati Today
1 2 3 4 5 23rd GST Council Meeting being held in Guwahati, Assam today. Follow the TaxGrid News Section for the latest updates and analysis.
Procedure regarding procurement of supplies of goods from DTA under deemed export benefits
In accordance with the decisions taken by the GST Council in its 22nd meeting held on at New Delhi to resolve certain difficulties being faced by exporters post GST, it…
New functionalities made available on GST Common Portal
Following new functionalities have been made available to the taxpayer on GST Common Portal: GSTR-2 Offline Version - New version of the GSTR-2 offline tool is available on portal now.…
Central Goods and Services Tax (CGST) Rules, 2017 as on 30 October 2017
Find the Central Goods and Services Tax (CGST) Rules, 2017 updated till 30th October, 2017 including all the amendments made till 30th October 2017 as released by CBEC.
FORM GST TRAN – 1 (with revision facility) extended
GST@GoI twitter handle tweeted the news regarding the extension of the last date for filing form TRAN-1. GST @GoI tweeted: FORM GST TRAN - 1 (with revision facility) extended to…
Clarification regarding applicability of GST on the superior kerosene oil [SKO] retained for the manufacture of Linear Alkyl Benzene
Clarification regarding applicability of GST on the superior kerosene oil retained for the manufacture of Linear Alkyl Benzene Circular reads as: Briefly stated, references have been received related to applicability…
Notification released waiving the late fees for the month of September and august
CBEC issues Notification No. 50/2017 – Central Tax– wherein late fee payable under section 47 of Central Goods and Services Tax Act in case of late filing of return after…
Press Release: GST Revenue collection Figure and Waiver of Late fee
Press Release regarding Waiving of late fee on filing of GSTR3B for August and September and GST revenue collection Figure. GST Revenue Figures – As on 23rd October, 2017 The…