Daily Archives: November 22, 2017

How to apportion IGST for Advertisement provided to Govt

By | November 22, 2017

  Apportionment of IGST credit with respect to Advertisement service when provided to Government The Central Government vide Notification no.12/2017-Integrated Tax dated. 15th November,2017 has inserted new rule 3 to the IGST Rules, 2017 to determine the value attributable to different States or Union Territories, in the case of supply of advertisement services to the Central Government, State… Read More »

Category: GST

Govt to Draft New Income Tax Act in India

By | November 22, 2017

Constitution of Task Force for drafting a New Direct Tax Legislation During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the Act) was drafted more than 50 years ago and it needs to be re-drafted. Accordingly, in order to… Read More »

Govt approves Wage Policy for 8th Round of Wage Negotiations for workmen in Central Public Sector Enterprises 

By | November 22, 2017

Cabinet approves Wage Policy for the 8th Round of Wage Negotiations for workmen in Central Public Sector Enterprises  The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Wage Policy for the 8th Round of Wage Negotiations for workmen in Central Public Sector Enterprises (CPSEs). Highlights:   i.            Management of the CPSEs would be free… Read More »

Circular No 21/21/2017 GST : clarify on Inter-state movement of rigs, tools and spares, and all goods on wheels [like cranes].

By | November 22, 2017

  Circular No 21/21/2017 GST clarify on Inter-state movement of rigs, tools and spares, and all goods on wheels [like cranes]. F. No. 354/320/2017 –TRU (Pt ) Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block, New Delhi Dated the 22nd of November, 2017 To, The Principal Chief Commissioner/Chief Commissioners/… Read More »

Circular No 20/20/2017 IGST : Classification and GST rate on Terracotta idols

By | November 22, 2017

clarify classification and GST rate on Terracotta idols. Circular No 20/20/2017 IGST F. No. 354/320/2017 –TRU (Pt) Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block, New Delhi Dated the 22nd of November, 2017 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / Director General… Read More »

GST Rate Reckoner : Taxmann Book : 4th Edition 2017 : November 2017

By | November 22, 2017

GST Rate Reckoner (Incorporating Notifications Issued on 14-11-2017) Contents GST Rate Reckoner for Goods GST Rate Reckoner for Services Price Rs 470 Click to buy online Edition : 4th Edition 2017 Date of Publication : Nov.2017 ISBN No.:9789386882219 Binding : Paperback No. Of Pages : 364 Weight (Kgs) : 0.435 Related Topic on GST  Topic Click Link GST Acts Central… Read More »

GST Tariff with GST Rate Reckoner : Taxmann Book : 6th Edition 2017 : Nov 2017

By | November 22, 2017

GST Tariff with GST Rate Reckoner : 6th Edition 2017 Incorporating Notifications issued on 14-11-2017 Description GST Tariff (Volume1) GST Tariff for Goods with HSN Code GST Tariff for Services with Service Code Rates specified under other Acts Commodities Index Services Index GST Tariff (Volume 2) GST Tariff & Exemption Notifications for Goods GST Tariff… Read More »

GST Rate Change : How to Apply

By | November 22, 2017

GST Rate Change Q- How do we determine the rate of tax in case, if there is change in the GST tax rates? Ans. Three important events need to be considered – 1.Date of raising invoice, 2.Receipt of payment and 3.Completion of supply.      If any of the two events occur before the change in rate… Read More »