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Goods and Services Tax

Breaking: Govt extends due date for furnishing Form to avail Transitional Input Tax Credit

As per the rules, the Goods and Services Tax (GST) for the month of July 2017 has to be paid by 20th August, 2017. Only after the payment of full GST,...

GST has Hidden Benefits: Economic Survey II

Govt Releases Comparative Chart on Rates of Goods & Services under GST & Haryana VAT Acts

GST: Haryana Govt Issues Guidelines for Inspection/ Detention of Conveyances [Read Circular]

Online Travel Agents liable to Deduct 1% TCS under GST: Provision kept in abeyance for the Time...

GST Council confirms Applicability of RCM on Legal Services

The 20th meeting of the GST Council held at New Delhi had confirmed the applicability of reverse charge mechanism on all legal services provided to business entities. It said that “To clarify that...

Major Decisions Taken by the GST Council on its 20th Meeting

The most powerful GST Council in its 20th meeting held on 5th August at New Delhi had took some important decisions including finalizing the rates on textile job works like stitching and embroidery,...

GST Council Finalises E-Way Bill Provisions, Rates on Textile Works, Tractor Parts cut

The GST Council, in its meeting held on Saturday has finalized the rates on textile job works like stitching and embroidery, and tractor parts were cut. The Council also finalized the provisions...

GST: Govt Explains Aggregate Turnover and Margin Scheme

In a document prepared by the National Customs, Indirect Taxes and narcotics, the Central Government explained the concepts of ‘aggregate turnover’ and ‘Margin Scheme’ in detail. As per the document,...

Sarees and Dhotis are classifiable under different Heads: FAQs on HSN Code under GST released

Sarees and dhotis are classifiable under different heading depending on their constituent, the tax department said. A Frequently Asked Questions (FAQ) on HSN code has been issued by the department...

GST: 27 Lakh Businesses has not completed Registration Process

After a month of Goods and Services Tax (GST) rollout, 27 lakh businesses are yet to complete the registration process under the new indirect tax regime, GSTN portal said on Wednesday. All taxable...

Photo Voltaic Cells to Attract 5% GST: No Tax on Jaribooti and Cereals bearing a registered Brand Name [Read Notifications]

The Central Government yesterday revised the rates applicable to certain goods and under the new Goods and Services Tax (GST) regime. As per the newly issued corrigendum to the Notification dated 28th...

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