Author Archives: taxgrid - Page 21
Features of GST
Features of GST as enumerated in Press release by Ministry of Finance PIB Goods and Services Tax (GST) is intended to bring transparency and accountability in business transactions along with…
BRICS countries praises the GST Reforms
Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports. Read the circular below: Clarification regarding…
Clarification regarding zero rated supply for the purpose of Compensation Cess on exports
Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports. Read the circular below: Benefits of…
Benefits of GST for the transport sector
Ministry of Road Transport & Highways have issued a press release mentioning the benefits of GST for the transport sector. Read the press release issued below: Sectoral booklet for Exports…
GST Council forms a Selection Committee for appointment as the Chairman and Members of the National Anti-profiteering Authority under GST
GST Council forms a Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as the Chairman and Members of the National Anti-profiteering Authority…
Sectoral booklet for Exports released by CBEC
CBEC has released a booklet relevant to industries engaged in Exports, which contains various Frequently Asked Questions (FAQs). Read the booklet issued below: Organized traders and unorganized sellers in Textile…
Organized traders and unorganized sellers in Textile Sector have not been affected by the Goods and Services Tax (GST)
In a written reply to a Starred Question in Rajya Sabha today, the Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that the organized traders and…
CBEC releases circular regarding Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52/2003-Customs
Circular has been issued by CBEC regarding Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52/2003-Customs dated 31-3-2003–reg. in which some problem being…
Clarification regarding applicability of the Margin Scheme under GST for dealers in second hand goods
Position regarding applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular clarified Read…
Clarification regarding applicability of GST on legal services
Following the concerns being raised regarding the applicability of reverse charge mechanism on legal services, Ministry of finance issues clarification. Read the clarification issued below: GST and Exports Frequently Asked…