Archives for GST News - Page 6
Now All legal services gets covered under GST
A corrigendum to Notification No. 13/2017 dt. 28 June 2017 (Central/ Integrated/ UT Tax Rate) has been issued, which changes the description of the earlier issued notification to cover…
Blockage of Working Capital of Exporters
Ministry of Finance makes clarifies that the apprehension being expressed regarding the blockage of working capital for exporters in GST regime and media reports relating to this are not based…
Clarification about Transition Credit
In the recent press release Ministry of Finance, made it clear that some people are under the wrong impression that the transitional credit of Rs 65000 crores claimed, have resulted…
TDS Provision applicable from 18th September 2017
18th September 2017 is the day from which TDS provisions shall come into force by Notification No. 33/2017 – Central Tax and Section 51 of the Central Goods and Service…
GSTR3B continues till December
In 21st GST council meeting, it was decided that GSTR-3B shall be continued until the month of December. Notification No. 35/2017 – Central Tax released by CBEC confirmed the decision.…
Last date for payment of GST and filing of return for July 2017 extended by 5 days
GST Council just tweeted that the last date of filing return GSTR-3B has been extended by 5 days. Press release will follow soon and will be updated on . The…
Letter to State finance ministers to reduce burden of Value Added Tax on Petroleum Products
Finance Minister Sh Arun Jaitley writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing PIB notified today that The Union Minister…
Clarification regarding availability of Transitional Credit for GST
Finally, government has released the much awaited clarification regarding transitional ITC availment in GSTR-3B for the month of July. You can read the press release below and the TaxGrid…
GST Slab rationalisation will depend on rise in revenue collection
As reported by The Indian Express, Arjun Ram Meghwal, Union Minister of State in Finance and Corporate Affairs, said that Rationalisation of tax slabs under GST would depend on the rise in…
Continuation of Pre-GST rates of Rebate of State Levies
Circular has been issued by CBEC stating the continuation of pre-GST rates of Rebate of State Levies (ROSL) for transition period of three months to for Export of Garments and…