Archives for News - Page 14
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…
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…
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…
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…
RCM applicability on legal services challenged in Delhi high court
In an order to the petition raised by Mittal Delhi high court has asked Central and State governments to clarify that whether all the legal services provided by the firm…
Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST
Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to…
Further clarification on tax in reverse charge on gold ornaments
Further clarification on tax in reverse charge on gold ornaments; Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under…
GSTN Offline utility Launched
GST implemented from 1st July 2017 attracting all new set of compliance formalities for taxpayers. With the rise of the new tax regime, many software companies found the golden opportunity…