The Institute of Cost Accountant of India Ref. No.: G/128/09/2017 Circular No. GC (1)/2017 13th September, 2017 Sub: GST on Membership and other related fees Govt. of India has implemented GST w.e.f 1st July, 2017, by virtue of which the membership and other related fees of the Institute are subject to GST. Accordingly, members are… Read More »
Interim relief :- The Petitioner will be permitted to clear the consignments of imports constituting inputs for the fulfilment of its export orders placed on it prior to 1st July 2017 without any additional levies, and subject to the quantity and value as specified in the advance authorization licenses issued to it prior to 1st… Read More »
Notification No 5/2017 Compensation Cess (Rate) The notification amends the rates of compensation cess on various motor vehicles. Notification No. 5/2017-Compensation Cess (Rate) Dated 11th September, 2017 [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 5/2017-Compensation Cess… Read More »
Notification No 30/2017 Central Tax Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3 vide Notification No 30/2017 Central Tax Dated 11th September, 2017 [ Seeks to extend the due dates for the furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores vide Notification No 58/2017 Central Tax Dated 15th… Read More »
Notification No 31/2017 Central Tax Seeks to extend the time limit for filing of GSTR-6 vide Notification No. 31/2017 – Central Tax Dated 11th September, 2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification… Read More »
Increase in rate of the Compensation Cess on certain specified motor vehicles As per discussions in the GST Council Meeting held on 9th September, 2017: Segment Heading Present Compensation Cess rate Proposed Compensation Cess rate Passenger Vehicles of heading 8703 Small Cars (length < 4 m ; Petrol<1200 cc) 8703 1% No change Small Cars… Read More »
GST Council Decisions on Services 21st GST Council Meeting 9th September, 2017 PRESS RELEASE, DATED 11-9-2017 The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September, 2017. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during… Read More »
LIST OF GOODS FOR CHANGE IN GST RATE RECOMMENDED BY GST COUNCIL IN ITS 21 st MEETING HELD ON 9TH SEPTEMBER, 2017 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… Read More »
GST Council decisions 09.09.2017 Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017 The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers: a)In view of the difficulties being faced by taxpayers in filing returns, the following revised… Read More »
SUGGESTIONS ON GST Implementation Issues (August 2017) Indirect Taxes Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI INTRODUCTION 1. The Institute of Chartered Accountants of India considers it a privilege to submit its suggestions on Post GST implementation issues. 2. We look forward to contributing in the drafting of simple, transparent, & fair GST Rules… Read More »