Cabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST. “GST is the biggest tax reform in independent India.… Read More »
Job Work under GST Introduction Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture. The term Job-work itself explains the meaning. It is processing of goods supplied by the principal. The concept of job-work already exists in Central Excise, wherein a principal manufacturer… Read More »
All States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017. As of today, all the States and Union Territories (having assemblies), except the State of Jammu & Kashmir, have approved the State Goods and Services Tax… Read More »
GST Return The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit (ITC) from returns of supplier to that of recipient, invoice-level information matching and auto reversal of Input Tax Credit in case of mismatch. The returns… Read More »
Cabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017; Asks Secretaries of different Departments and CMDs of CPSUs to take full responsibility of their respective stake-holders and ensure the successful implementation of the GST. The Cabinet Secretary Shri P.K.Sinha today took a detailed review of the preparedness for the… Read More »
GST Facilitation Cell (Details)-Department of Industrial Policy & Promotion A GST facilitation cell has been set up in the Department of Industrial Policy & Promotion to answer queries regarding GST. The GST facilitation cell is headed by Shri Sudhansu Sekhar Das, Economic Adviser (ss.das@nic.in, Tel:23063932) and consists of the following: Shri Piyush Mishra Ms. Astha… Read More »
GST Roll out and preparation thereof Download Advisory on Custom Matters on Introductions of GST
Notification No 6/2017 Central Tax Summary – By Notification No 6/2017 Central Tax Dated 19.06.2017 CBEC prescribes Modes of verification under CGST Rules, 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 No.… Read More »
Notification No 5/2017 Central Tax Summary : By Notification No 5/2017 Central Tax dated 19th June, 2017 given below CBEC Seeks to exempt ( from obtaining GST registration ) persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis [TO BE PUBLISHED IN THE GAZETTE OF INDIA,… Read More »
Notification No 4/2017 Central Tax Summary : By Notification No 4/2017 Central Tax Dated 19th June, 2017 given below CBEC notified www.gst.gov.in as the Common Goods and Services Tax Electronic Portal [ Amendment of notification No. 4/2017-Central Tax dated 19.06.2017 for notifying e-way bill website vide Notification No 9/2018 Central Tax Dated 23rd January, 2018 ] Notifying www.gst.gov.in as… Read More »