Daily Archives: June 14, 2017

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST

By | June 14, 2017

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the ‘appointed day’ may be availed of in full on that very… Read More »

Financial Resolution & Deposit Insurance Bill 2017 – Govt approves introduction

By | June 14, 2017

Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with… Read More »

GST Tax Invoice Inforgraphics

By | June 14, 2017

GST Tax Invoice Inforgraphics Read Final GST Tax Invoice Rules ; Approved by GST Council Read GST Rates for Goods ( India ) Chapter Wise Read Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items Read Exempt from GST – Item List infographics

Category: GST

GST: Traders wary of building inventory

By | June 14, 2017

A sustained fall in prices of farm produce on expectations of a bumper kharif output is hurting farmers nationwide. Traders are not buying even at low prices due to tight liquidity and expectations of even lower prices after the GST is imposed. The government’s decision to place essential food in the “zero” tax GST bracket… Read More »

Category: GST

GST Rates Toilet cases , Hand bags and shopping bags 

By | June 14, 2017

GST Rates Toilet cases , Hand bags and shopping bags i) Toilet cases [4202 12 10]; (ii) Hand bags and shopping bags of artificial plastic material [4202 22 10], of cotton [4202 22 20], of jute [4202 22 30], vanity bags [4202 22 40]; (iv) Handbags of other materials excluding wicker work or basket work [4202 29… Read More »

GST Rates Headgear and parts thereof

By | June 14, 2017

GST Rates Headgear and parts thereof Read Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items New GST Rates for Headgear and parts thereof are 18% [ Old GST rates for Headgear and parts thereof were 28% ]  

Category: GST