Category Archives: GST Press Release

Chapterwise 51 GST Flyers

By | February 19, 2018

Chapterwise 51 GST Flyers 1.Registration under GST Law 2.Cancellation of Registration in GST 3.The Meaning and Scope of Supply 4.Composite Supply and Mixed Supply 5.Time of Supply in GST 6.GST on advances received for future supplies 7.Concept of Aggregate Turnover in G ST 8.Non-resident taxable person in GST 9.Casual taxable person in GST 10.Input Service… Read More »

Not to file review petition /SLP against orders of Supreme Court and High Court accepted by department : No

By | February 18, 2018

Ministry of Finance Orders of the Supreme Court, High Courts and CESTAT accepted by the Central Board of Excise and Customs (CBEC); Department decides not to file any Review Petitions and SLPs against such Orders to reduce litigations so that cases on similar questions of law or identical case on facts, pending in the field,… Read More »

Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Scheme for EWS, LIG, MIG sections

By | February 8, 2018

Ministry of Finance Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force; Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Scheme for EWS, LIG, MIG sections Posted On: 07 FEB 2018 1:45PM by PIB… Read More »

GST on Services provided by the Resident Welfare Associations to members

By | February 8, 2018

Ministry of Finance GST Council recommends granting relief from GST on services provided by the Resident Welfare Associations (RWAs) to their Members Threshold Exemption Limit under GST for monthly contributions made by members for services provided by RWAs raised from Rs. 5,000 to Rs. 7,500 per month per person Posted On: 07 FEB 2018 1:47PM… Read More »

 GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%.

By | February 8, 2018

Ministry of Finance  GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%. Posted On: 07 FEB 2018 1:47PM by PIB Delhi  ​ In its  Meeting held on 18th January, 2018, the GST Council had recommended reduction of GST rate on services by way of admission to Amusement Parks including theme parks, water… Read More »

GST collection for December 2017 Rs. 86,703 crore

By | January 26, 2018

  Press Information Bureau Government of India Ministry of Finance 25-January-2018 17:16 IST Total Revenue Collections under GST for the month of December 2017 stand at Rs. 86,703 crore till 24th January 2018; One crore taxpayers have been registered under GST so far till 24th January, 2018 of which 17.11 lakh  are Composition Dealers            The total revenue received… Read More »

GST on Circus , Dance , Theatrical performances including drama : 25th GST Council meeting

By | January 24, 2018

GST on Circus , Dance , Theatrical performances including drama     Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press… Read More »

GST on admission to amusement parks and ballet : GST Council decisions

By | January 24, 2018

GST on admission to amusement parks and ballet   Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press… Read More »

GST Registration Cancellation : voluntary registration and migrated taxpayer : Changes

By | January 20, 2018

GST Registration Cancellation : voluntary registration and migrated taxpayer : Changes GST Registration Cancellation Taxable persons who have obtained voluntary registration will now be permitted to apply for cancellation of registration even before the expiry of one year from the effective date of registration. For migrated taxpayers, the last date for filing FORM GST REG-29 for cancellation… Read More »

FAQ’s and MCQ’s on GST Released by ICAI Indirect Tax Committee (January 2018)

By | January 11, 2018

FAQ’s and MCQ’s on GST (January, 2018) GST, a single biggest tax reform in the history of India is a destination based tax pervasively impacting ever sphere of business like supply chain, IT system, accounting, cash flow, credits, product pricing, compliances, legal contact etc. Hassle free implementation of GST calls for endeavors from both the… Read More »

Demonetisation and GST Impact on key Industrial Sectors

By | January 4, 2018

Ministry of Commerce & Industry Impact of Demonetisation and GST on key Industrial Sectors Posted On: 03 JAN 2018 4:18PM by PIB Delhi The growth of different sectors of an economy depends on a number of factors, including structural, external, fiscal and monetary factors (which is partly reflected by demonetisation). Therefore, it is not possible… Read More »

GSTR 1 due date Extended

By | December 30, 2017

Ministry of Finance Extension of date for filing return in FORM GSTR-1 Posted On: 29 DEC 2017 7:11PM by PIB Delhi The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018. Table Sl. No. Class of… Read More »

GST Rates on ready to move-in house or Completed property

By | December 29, 2017

GST Rates on Real Estate-No GST is applicable on sale of ready to move-in or Completed property GST Rates on Real Estate No GST is applicable on sale of ready to made move-in or Completed property i.e. where the entire consideration has been received after issuance of completion certificate. Effective rate of GST payable on… Read More »

GST FAQs on 27.12.2017 by Govt Twitter account

By | December 28, 2017

GST FAQs on 27.12.2017 by Govt Twitter account GST to be charged @ 0.10%  to merchant exporters  as per Notification No 40/2017 central Tax (Rates)   & Notification No 41/2017 Integrated Tax (Rates)  However Option not available in GST returns to show these sales . In GSTR 3B it has to be shown in Table 3.1 row (a) Outward supplies (other… Read More »

GST on Travel arrangement and tour operator services

By | December 27, 2017

GST on Travel arrangement and tour operator services Analysis of GST on Travel arrangement and tour operator services in India Is there any GST on Travel arrangement and tour operator services ? Yes , Travel arrangement, tour operator  services fall under following groups Group 99855  : Travel arrangement, tour operator and related service         998551 : Reservation services for… Read More »

24th GST Council Meeting Decisions : e-way Bill w.e.f 01.02.2018 Compulsory

By | December 16, 2017

The 24th GST Council Meeting held today through video conferencing decides that Inter-State e-way Bill to be made compulsory from 1st of February, 2018;  The System to be ready by 16th of January, 2018; The Uniform System of e-way Bill for Inter-State as well as Intra-State movement will be implemented across the country by 1st… Read More »

GST on Ready to Move House and under Constructed property : Govt clarification

By | December 15, 2017

GST on Ready to Move House and under Constructed property   Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release… Read More »

GSTR 3B FAQ : updated !

By | December 15, 2017

GSTR 3B 1. What is GSTR-3B? GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner A normal taxpayer is required to file GSTR-1, 2, & 3 returns for every… Read More »

How to Change State Circle name in GST registration Certificate

By | December 9, 2017

Resolution for Taxpayers wanting to change their STATE circle name in GST RC.   Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments… Read More »

Error Resolution ” YOU HAVE ALREADY OFFSETTED GSTR-3B ” if cess not set off

By | December 9, 2017

Resolution for Taxpayers unable to reset and file GSTR-3B due to Error report showing “YOU HAVE ALREADY OFFSETTED GSTR-3B” when CESS liability is yet to be set off. Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST… Read More »

GST Refund : Accumulated ITC on account of export without payment of Tax : Steps.

By | December 9, 2017

Taxpayers guide to get refund of accumulated ITC on account of export without payment of Tax       Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST… Read More »

GST Refund : Saving and Tracking of Refund application.

By | December 9, 2017

Taxpayers guide for Saving and Tracking of Refund application.     Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release… Read More »

GST Calender

By | December 9, 2017

GST Calender Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release GST Books Best Books on GST… Read More »

Distribution of GST Taxpayers between Center and State : Download List

By | December 9, 2017

  Distribution of GST Taxpayers between Central & State Governments Distribution of GST Taxpayers between Central & Punjab Government Distribution of GST Taxpayers between Central & Sikkim Government Distribution of GST Taxpayers between Central & Karnataka Government Distribution of GST Taxpayers between Central & Manipur Government Distribution of GST Taxpayers between Central & Nagaland Government… Read More »