The Union Finance Minister to chair the 16th Meeting of the GST Council on Sunday, 11th June, 2016 Ministry of Finance 09-June, 2017 The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held on Sunday, 11th June, 2017 at Vigyan… Read More »
GST Council constitutes 18 Sectoral Groups for smooth roll-out of GST Ministry of Finance 09-June, 2017 As decided in the 14th Meeting of the GST Council held on 18th-19th May, 2017 in Srinagar, J&K, 18 Sectoral Groups have been constituted representing various sectors of the economy in order to ensure smooth roll-out of GST. These… Read More »
GST – KHADI YARN, GANDHI TOPI, NATIONAL FLAG EXEMPT FROM GST PRESS RELEASE, DATED 4-6-2017 Khadi yarn, Gandhi topi, India’s national flag will not attract any tax under the GST regime, while imitation jewellery, pearls and coins will carry 3 per cent levy from the next month. Besides, the GST Council yesterday decided to include… Read More »
IGST Exemptions/Concessions under GST [As per discussions in the GST Council Meeting held on 18th/19th May, 2017] I. Multilateral/Bilateral Commitments – Imports by Privileges Persons, Organizations, Authorities and Foreigners S. No. Present Customs Notification No. and date Gist of the notification 1 3/57-Customs, dated 08.01.1957 1. Goods imported by Diplomatic missions in India and their… Read More »
SERVICES UNDER REVERSE CHARGE AS APPROVED BY GST COUNCIL The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%. The list of services that… Read More »