News and Updates
Law Review Committee to examine GST report on December 13th and 14th
The Law Review Committee will examine the report of the expert committee that called for simplification of the Goods and Services Tax including the Act. The recommendations of the Advisory Group have been referred to the Law Review Committee, consisting of senior officers of the Central and the State Governments, which, in turn, will examine …
Crucial Meeting of the GST Council on 6th October 2017 to decide on relief to small tax payers, Reverse charge mechanism, increasing limit for composition dealers and GST tax rate cut on certain goods and services
About 60 goods and services are likely to get cheaper, with Finance Minister Arun Jaitley expected to push for big tax rate cuts in the GST Council meeting on 6.10.2017
Ministerial panel on GSTN to meet on Saturday to iron out glitches
With a slew of reported glitches in the Goods and Services Tax Network (GSTN, the ministerial panel on the subject will meet on 16th September 2017 in Bengaluru to examine the information technology (IT) challenges plaguing the uniform tax regime. The committee, chaired by Sushil Modi, deputy chief minister and finance minister of Bihar, was …
Government extends filing of GSTR 1 for July till October 10th
Following are the Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017. a) In view of the difficulties being faced by taxpayers in filing returns, the following
GST implementation committee extends GSTR1 filing date to September 10th
The Government has decided to extend the deadline for filing detailed indirect tax returns for July, giving taxpayers extra time for compliance. “GST implementation committee decides to extend date of
GSTN asks taxpayers to file returns early
Goods and Services Tax Network (GSTN) has asked taxpayers to upload their invoices on an everyday basis and file their returns early and not wait for the last day to have a smoother transition into the new GST regime.
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