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Composition Scheme: GST Council recommends Uniform Rate of 1 % on all Manufacturers and Traders

No change for composition scheme for restaurants. The following changes were recommended in the Composition Scheme on the basis of discussions held...

GST Council Reduces Fine for Late Filing of Return to Rs. 20 from Rs. 200 per day

GST Council cuts Higher Tax on Consumption Goods: Only 50 Items remain in 28% List

CBEC Takes Measures to Resolve Common Errors hindering disbursal of IGST Refund to Exporters [Read...

GST Council to meet on Nov 10 in Assam: Council to Cut list of items in 28%

Govt Working on Simplifying GST Forms: Sushil Modi Holds First Meeting on GST

The Deputy Chief Minister of Bihar Sushil Kumar Modi has reportedly said that, state would not charge any late fee for delayed GST Returns. The provision of penalty for delayed filing of GST returns...

GST Council may reduce number of Items Listed in 28% Category

Reportedly, the GST Council, the apex policy making body under the new indirect tax regime in India is all set to trim the list of items in the highest slabs of 28% by shifting some of them for common...

Banks & Insurance Cos to issue Consolidated Monthly Invoice: GST Council Amends Rules

Banks and Insurance Companies need to issue consolidated monthly invoices after the GST Network crashed at peak filing time last month. The Goods and Services Tax (GST) Council has approved rule...

GST: Over 3.9 million assessees filed September Returns

As the new indirect tax regime in India, i.e, Goods and Services Tax (GST) turns three months older, reports says that around 3.9 million tax payers have filed their returns for the month of...

J&K Govt to bring Petrol, Electricity & Liquor under GST

Jammu & Kashmir is likely to be the first State to bring petrol, electricity, liquor and real estate under the Goods and Services Tax (GST) regime. The Government may make a formal decision in...

GST Council to decide bringing Real Estate sector under GST regime

Union Finance Minister, Arun Jaitley, on Wednesday hinted about bringing real estate sector under the ambit of the current Goods and Services Tax (GST) regime. The matter will be discussed in the...

Threshold limit for GST Registration is also applicable for Persons making Inter-State Supplies of Services [Read Notification]

The Central Government, on the recommendation of the GST Council, today notified that persons making inter-State supplies of services having TO above 20 Lakhs are bound to obtain registration under...

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