Dear Professional Colleague,
Greetings from Indirect Taxes Committee!
The 14th Goods and Services Tax (GST) Council Meeting GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods along with the rates of GST Compensation Cess to be levied on certain goods. The Council has also finalised the Rules and formats on Composition, Valuation, ITC, Invoice, Debit & Credit Notes, Payment, Refund , Registration. Please find below the link to download following for your kind perusal :
The Indirect Taxes Committee of ICAI, has also launched a publication – BGM on GST Acts and Draft Rules, 2017 which contain a clause by clause analysis of the GST Act along with FAQ’s, MCQ’s, Flowcharts and Illustrations etc. to make the reading and understanding easier.
The above publications can be downloaded from website of Indirect Taxes Committee www.idtc.icai.org which is available on http://idtc.icai.org/
In case on any clarifications required, please contact Secretary, Indirect Taxes Committee at idtc@icai.in or 0120-3045954.
Hope this publication will assist you in your professional endeavours.
Thanking You
Chairman Indirect Taxes Committee | Vice-Chairman Indirect Taxes Committee |
The Institute of Chartered Accountants of India
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