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GST Roll Out on July: Council approves Rules

Taxscan Team

The Fifteenth Meeting of the GST Council held at New Delhi cleared the pending rules, including transition provisions and returns. In the meeting...

ICAI sets up Help Desk on GST for Businessmen and Traders

Revenue Secretary Dr. Hasmukh Adhia reiterates that the GST would be implemented from July1, 2017

CSCs to Function as GST Suvidha Providers

GST is an efficient Tax System which not only Checks Tax Evasion but also helps evolving India to...

Finance Ministry launches a new Twitter Handle to invite queries on GST

The Department of Revenue, Ministry of Finance, Government of India has opened a new Twitter Handle @askGST_GoI to invite queries from all taxpayers on GST. All taxpayers and other stakeholders are...

Twitter - Finance Ministry - GST - Taxscan

GST: Re-Work your Costing, Credits Availability and Re-Jig your Prices: Govt tells Telecom Companies

Telecommunication services presently attract Service Tax of 14% along with Swachh Bharat Cess (SBC) of 0.5% and Krishi Kalyan Cess (KKC) of 0.5%. While Service Tax is a pure value added tax, the above...

GST: Sugar, Tea, Coffee, Milk to go Cheaper

Similarly, present incidence of taxes on Milk Powder, Tea and Coffee (other than instant coffee) is 7% while proposed GST rate on these items is only 5%. Proposed GST Tax rates would be much...

Mizoram Assembly unanimously passes Mizoram Goods and Services Tax (GST) Bill, 2017

In a special session held yesterday, the Mizoram State assembly unanimously passed Mizoram Goods and Services Tax (SGST) Bill, 2017. Mizoram Finance Minister Lalsawta, who introduced the bill, said...

Maharashtra Govt Ready to Welcome GST: Seeks VAT Arrears

Maharashtra Government is all equipped to welcome the new indirect tax law, Goods and Services Tax Act from July 2017, but it has almost Rs 60,000 crore of value added tax (VAT) and sales tax dues...

All You Need to Know about the Applicability of Reverse Charge Mechanism under GST

The Indian economy is all set to welcome the new indirect tax law, the Goods and Services Tax (GST) from July 1, 2017. The GST Council, the highest body, last week, has paved way to the rollout of...

Society Maintenance Bills over Rs. 5,000 will attract 18% GST

As per the latest Service Tax structure approved by the GST Council 14th meeting, the co-operative housing societies shall collect 18% from a society member for Service Maintenance Bills exceeding Rs....

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