As Trader of Stationery goods what all input tax credits will be taken by me on Services like Mobile,Telephone ,Tickets and how ? Input tax credit can be availed on most of the items except those not allowed under Section 17 of the CGST Act [ Reply as per Twitter Account of Govt of India for… Read More »
whether credit of excise duty paid before appointed date can be taken in GST if the goods are received after appointed date Yes. Please refer to Transition Rules. [ Read Final GST Transition Rules approved by GST Council 03.06.2017 ] [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other… Read More »
Final GST Rules Central Goods and Services Tax Rules 2017 – CGST Rules 2017 – Notification No. 3 /2017 – Central Tax Dated 19.06.2017 GST Settlement of funds Rules 2017 Notification Dated 27th July, 2017 Final GST Advance Ruling Rules Approved by GST Council Final GST Advance Ruling Formats Approved by GST Council Anti-profiteering Rules… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th June, 2017 INCOME-TAX S.O. 1818(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years and issued… Read More »
Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th of June 2017 PRESS RELEASE, DATED 12-6-2017 1. In the list of service tax exemptions to be continued in GST as approved by the GST Council, after S.No. 83, the following shall be inserted — Sl. No. Proposal/… Read More »
REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY [As per discussions in the 16th GST Council Meeting held on 11th June, 2017] Sub-section (1) of Section 10 read with sub-section (2) of the same section of the Central Goods and Services Tax Act, 2017 [CGST Act] provides that an eligible registered person, whose aggregate turnover in the preceding… Read More »
IGST Exemption under GST [As per discussions in the 16th GST Council Meeting held on 11th June, 2017 RESS RELEASE, DATED 12-6-2017 I. Bilateral Commitments – Imports under Agreement between India and Pakistan/Bangladesh for regulation of Bus Service S. No. Notification Gist of the notification 1. No.4/99-Customs, dated 08.01.1999 1. Passenger bus; and 2. Spares,… Read More »
REVISED GST RATE FOR CERTAIN GOODS [As per discussions in the 16th GST Council Meeting held on 11th June, 2017] PRESS RELEASE, DATED 12-6-2017 S. No. Chapter/Heading/Sub-heading/Tariff item Description of goods Earlier GST rate approved by the GST Council Revised GST Rate approved by the GST Council 1. 0506, 0507 90 Bones and horn cores,… Read More »
Final GST Accounts and Records Formats Approved by GST Council 11.06.2017 ACCOUNTS AND RECORDS FORMAT Download Accounts and Records Formats
Final GST Accounts and Records Rules Approved by GST Council 11.06.2017 Accounts and Records Rules 1. Maintenance of accounts by registered persons (1) Every registered person shall keep and maintain, in addition to the particulars mentioned in sub-section (1) of Section 35, a true and correct account of the goods or services imported or exported… Read More »