Govt notifies e-way bill for transporting goods under GST regime, exempts some items
The government notified the e-way bill ,exempting certain items of mass consumptions including vegetables, fruits, food grains, meat, bread, curd, books
GSTR-3B return filing deadline extended by five days
The government on Saturday extended the last date for filing returns and payment of taxes under the GST regime by five days till August 25. The GST Implementation Committee, consisting of state and central government officers, has taken a decision to extend the last date for payment of GST for July 2017 to August 25, …
GST input tax credit form to be available from August 21
The form for claiming transitional input tax credit will be available on the GSTN website from August 21. The transitional credit is the carried forward input tax credit from the earlier central excise and service tax regime. Taxpayers who wish to claim the credit under the new goods and services tax (GST) regime should calculate …
Cabinet approves GST-linked budgetary support for Kashmir, Uttarakhand, Himachal Pradesh, north eastern states
The Cabinet Committee on Economic Affairs (CCEA), on August 16th 2017 gave its approval to providing budgetary support under the Goods and Service Tax (GST) regime for the eligible industrial units located
Very few traders opt for Composition Scheme under GST
Composition scheme is an alternate method of taxation that allows small businesses with annual turnover up to Rs 75 lakhs to pay tax at a concessional rate as well as reduce the compliance cost. The threshold is 50 lakhs for dealers across nine states including Arunachal Pradesh, Nagaland, Tripura. Enrolment into the plan, however, is …
Indian Customs releases guidance note for Importers and Exporters and circular on Export procedure
Indian Customs releases guidance note for Importers and Exporters and circular on
Prime Minister Calls GST as “good and simple tax”
The Prime Minister has said GST would help business persons by putting an end to tax terrorism and inspector raj and will also help fight black money and corruption.
Offline Excel Tool for filing GST returns released by GSTN
GSTN has released an excel template which may be used by small tax payers to maintain a record of their outward sales. The offline tool contains 11 data entry sheets in which
Migration and Fresh registration to open from June 25th
Existing Excise, Service tax and VAT assesses will get another chance to migrate to the GSTN portal as the window opens again
All states except J&K pass SGST Bill to keep date with July 1, 2017
All states and Union Territories, barring Jammu and Kashmir, have passed their State GST Act, paving the way for rollout of the Goods and Services Tax from the mid-night of