Daily Archives: June 14, 2017

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST

By | June 14, 2017

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the ‘appointed day’ may be availed of in full on that very… Read More »

Financial Resolution & Deposit Insurance Bill 2017 – Govt approves introduction

By | June 14, 2017

Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with… Read More »

GST Tax Invoice Inforgraphics

By | June 14, 2017

GST Tax Invoice Inforgraphics Read Final GST Tax Invoice Rules ; Approved by GST Council Read GST Rates for Goods ( India ) Chapter Wise Read Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items Read Exempt from GST – Item List infographics

Category: GST

GST: Traders wary of building inventory

By | June 14, 2017

A sustained fall in prices of farm produce on expectations of a bumper kharif output is hurting farmers nationwide. Traders are not buying even at low prices due to tight liquidity and expectations of even lower prices after the GST is imposed. The government’s decision to place essential food in the “zero” tax GST bracket… Read More »

Category: GST

GST Rates Toilet cases , Hand bags and shopping bags 

By | June 14, 2017

GST Rates Toilet cases , Hand bags and shopping bags i) Toilet cases [4202 12 10]; (ii) Hand bags and shopping bags of artificial plastic material [4202 22 10], of cotton [4202 22 20], of jute [4202 22 30], vanity bags [4202 22 40]; (iv) Handbags of other materials excluding wicker work or basket work [4202 29… Read More »

GST Rates Headgear and parts thereof

By | June 14, 2017

GST Rates Headgear and parts thereof Read Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items New GST Rates for Headgear and parts thereof are 18% [ Old GST rates for Headgear and parts thereof were 28% ]  

Category: GST

GST Rates Children’s Books, Exercise books , Note Books , School Bags ,Kites

By | June 14, 2017

GST Rates Children’s Books, Exercise books , Note Books , School Bags ,Kites (i) Children’s’ picture, drawing or colouring books ii) Exercise books and note books iii) School satchels and bags other than of leather or composition leather; iv Kites Read Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items

GST Rates Peppermint (Mentha Oil), De-mentholised oil , Spearmint oil

By | June 14, 2017

GST Rates Peppermint (Mentha Oil), De-mentholised oil , Spearmint oil (i) Menthol and menthol crystals, (ii) Peppermint (Mentha Oil), (iii) Fractionated / de-terpenated mentha oil (DTMO), (iv) De-mentholised oil (DMO), (v) Spearmint oil, (vi) Mentha piperita oil Read Revised GST Rate Approved by GST Council on 11.06.2017 – 69 Items  

GST rates Ketchup & Sauces , Preparations of vegetables , pickle etc

By | June 14, 2017

GST rates Ketchup & Sauces , Preparations of vegetables i) Preparations of vegetables, fruits, nuts or other parts of plants, including pickle, murabba, chutney, jam, jelly ii) Ketchup & Sauces [other than curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings], Mustard sauces Read Revised GST Rate Approved by GST Council on 11.06.2017… Read More »

GSTIN Number Format

By | June 14, 2017

GSTIN Number Format All of businesses registered under GST will be assigned a unique Goods and Services Tax Identification Number ( GSTIN ) under GST of India. The first two digits of GSTN number will represent the state code as per Indian Census 2011 The next ten digits will be the PAN number of the… Read More »

GST Online Course ( India) ! GST Training Online

By | June 14, 2017

Goods and Service Tax Tutorial (India)! GST Online Course What will you get out of this -GST Online Course? By subscribing to this GST tutorial, you will: Gain lifetime access to 200+ GST videos, 30+ GST pdfs, 6+ GST webinars and tests Certificate signed by ClearTax Gain comprehensive information about the GST bill 2017 Get… Read More »

Analysis of GST Payment Rules

By | June 14, 2017

Analysis of GST Payment Rules Final GST Payment of Tax Rules approved by GST Council 18.05.2017 . Following is the Analysis of GST Payment Rules Analysis of GST Rules Analysis of GST Composition Rules Analysis of GST Valuation Rules Analysis of GST ITC Rules Analysis of GST Tax Invoice Rules Analysis of GST Refund Rules Analysis… Read More »

Analysis of GST Refund Rules

By | June 14, 2017

Analysis of GST Refund Rules Final GST Refund Rules Approved by GST Council 18.05.2017. Following is the Analaysis of GST Refund Rules Analysis of GST Rules Analysis of GST Composition Rules Analysis of GST Valuation Rules Analysis of GST ITC Rules Analysis of GST Tax Invoice Rules Analysis of GST Payment Rules Analysis of GST… Read More »

Analysis of GST Registration Rules

By | June 14, 2017

Analysis of GST Registration Rules Final GST Registration Rules Approved by GST Council 18.05.2017 and Amended on 11.06.2017 (Rule 19 only) Following is the detailed Analysis of  GST Registration Rules Analysis of GST Rules Analysis of GST Composition Rules Analysis of GST Valuation Rules Analysis of GST ITC Rules Analysis of GST Tax Invoice Rules… Read More »