Daily Archives: July 26, 2017

How to take GST ITC on Bank Charges

By | July 26, 2017

How can we take ITC on bank charges as we won’t have invoices but only account statement Account statement is treated as invoice but it must contain your GSTIN.   Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST… Read More »

GST National Anti-Profiteering Authority to be constituted

By | July 26, 2017

National Anti-Profiteering Authority to be constituted to give effect to the anti-profiteering measures under GST laws. Details attached   Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST… Read More »

Benami Transactions Across India 

By | July 26, 2017

Benami Transactions Across the Country The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively amended through the Benami Transactions (Prohibition) Amended Act, 2016 to provide for an effective regime for prohibition of benami transactions. The… Read More »

Re organization of CBEC Field Formations in GST

By | July 26, 2017

CGST – RE-ORGANIZATION OF CBEC FIELD FORMATIONS IN GST REGIME – MERGER/CREATION OF DDO FOR MAKING EXPENDITURE OFFICE MEMORANDUM [COORD/2(1)/DDO CODES/2017-18/VOL.XI39], DATED 26-7-2017 Consequent upon the declaration of Heads of Departments in the field formations of CBEC in GST regime videsanction letter No. A-11013/24/2017-Ad.lV, dated 12-6-2017, issued by Deptt. of Revenue (C.B.E.C), changes have happened in the… Read More »

What is the HSN code and rates for Sausages?

By | July 26, 2017

What is the HSN code and rates for Sausages? Sausages and similar products, of meat, meat offal or blood; food ; preparations based on these products fall under heading 1601 and attract 12% GST. GST Rates FAQs on queries of Various Sectors Clarified by Govt Related Topic on GST Topic Click Link GST Acts  Central… Read More »

Category: GST

What is the HSN code and rates for Coffee?

By | July 26, 2017

What is the HSN code and rates for Coffee? Instant Coffee falls under heading 2101 and attracts 28% GST. GST Rates FAQs on queries of Various Sectors Clarified by Govt Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST… Read More »

Category: GST

What is the HSN code and rates for Mutton leg?

By | July 26, 2017

What is the HSN code and rates for Mutton leg? Meat of sheep or goats (including mutton leg), fresh, chilled or frozen [other than frozen and put up in unit container] falling under heading 0204 is exempt from GST However, meat of sheep or goats (including mutton leg), frozen and put up in unit container,… Read More »

Category: GST