Category Archives: GST Press Release

Increase in threshold monetary limits for filing Appeals : CBIC Instruction 11.07.2018

By | July 12, 2018

Increase in threshold monetary limits for filing Appeals : CBIC Instruction F.No.390/Misc./116/2017-JC Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs (Judicial Cell) ******** ‘B’ Wing, 4th Floor, HUDCO-VISHALA Building Bhikaji Cama Place, R.K. Puram, New Delhi-66 Dated 11 .07.2018 INSTRUCTION To 1. All Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/Commissioners of Customs/… Read More »

Delete reverse charge mechanism u/s 9(4) : GST panel recommendation

By | July 9, 2018

GST ministerial panel Meeting Delete reverse charge mechanism u/s 9(4) of CGST Act The GST ministerial panel led by Bihar Deputy Chief Minister Sushil Modi put off two key items — the reverse charge mechanism and digital payment incentives — in its meeting on Sunday i.e on 08.07.2018, indicating a slowdown in decision-making under the one-year-old indirect tax regime ahead of the… Read More »

Government celebrates 1st GST Day on 1st july 2018

By | July 1, 2018

Ministry of Finance Government celebrates 1st GST Day; Finance Minister and Industry Stalwarts commemorate the first year of the unprecedented reform of Indian taxation Indirect Tax collections increase by 11.9%; 1.5% increase expected in the Non oil category, post GST roll out: Shri Arun Jaitley Posted On: 01 JUL 2018 3:26PM by PIB Delhi Government… Read More »

GST TDS and TCS Provisions Suspended till 30.09.2018 : CBIC Press Release

By | June 29, 2018

GST TDS and TCS Provisions Suspended till 30.09.2018 Video on suspension of GST TDS and TCS Provisions Press Release on suspension of GST TDS and TCS Provisions Press Release by CBIC [  Central Board of Indirect Taxes and Customs ] 29th June, 2018 Extension of suspension of provisions relating to tax deduction at source (TDS) and collection of tax… Read More »

GST leads to Formalization of Economy and Widening of Tax Base : Govt Press Release 18.06.2018

By | June 18, 2018

Ministry of Finance GST leads to Formalization of Economy and Widening of Tax Base Posted On: 18 JUN 2018 1:08PM by PIB Delhi Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax… Read More »

GST RCM : GST Reverse Charge Mechanism : Analysis

By | June 18, 2018

GST RCM ( GST Reverse Charge Mechanism ) we are analyzing in detail provision of  GST Reverse Charge Mechanism with Examples Meaning of GST RCM : Reverse Charge Mechanism Normally, GST is payable by ‘taxable person’ who is supplying goods and service.However, in some cases, GST is payable by person recipient of the goods or services… Read More »