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No GST If Cash Calls are merely transaction in money: CBEC Clarifies application of GST on Joint Venture [Read Circular]

The Central Board of Excise and Customs (CBEC) last day clarified the liability to pay tax on the taxable services provided by the members of the...

GST Officials Arrests Two Persons for availing Ineligible Credit

IGST Refund: CBEC introduces Alternative Mechanism to Rectify Invoice Mismatch [Read Circular]

Govt makes Filing of GSTR 3B more User Friendly

GST Council to Review Rules to simplify Return filing Process, says FM

CBEC Clarifies Levy of GST in respect of certain Services [Read Circular]

The Central Board of Excise and Customs (CBEC), today issued a clarification regarding the imposition of Goods and Services Tax ( GST ) in respect of certain services. Hostel accommodation services...

Anti-Profiteering: Investigation launched in 9 cases, says FM Arun Jaitley

The Union Finance Minister Arun Jaitley informed the Parliament on Friday that notices have been issued for ‘initiation of investigation’ in nine cases under anti-profiteering provisions of the newly...

Builders of Affordable Homes should not collect GST: Govt

The Central government recently said the Builders should not collect goods and services tax (GST) from buyers of affordable houses. The GST Council, on its last meeting, had extended the concessional...

Govt Amends the GST Settlement of Funds Rules [Read Notification]

The Central Government last day notified the Goods and Services Tax (GST) Settlement of Funds Rules, 2017 wherein a new provision has been added that the Central Government can provisionally settle...

RBI grants Relief to MSME Borrowers registered under GST [Read Notification]

In a major relief to Micro, Small and Medium Enterprises (MSME) registered under Goods and Services Tax (GST) regime, the Reserve Bank of India (RBI) has notified that the exposure of banks and NBFCs...

States not in favor of Petrol, Diesel inclusion into GST: FM

Union Minister for Finance and Corporate Affairs Minister Mr. Arun Jaitley recently said that the states are not in favor of including petrol and diesel into Goods and Services Tax (GST) regime at the...

Govt Notifies GST Exemption to Government’s Share of Profit Petroleum [Read Notification]

In a major relief to common people, the Central Government notified exemption to its share of profit petroleum paid to the Centre from the Goods and Services Tax (GST). As per the Notification, the...

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