Daily Archives: June 8, 2017

List of Cheap Daily Consumer goods after GST

By | June 8, 2017

Daily Consumer goods being used by the common man among others to become cheaper after GST . Implementation of Goods and Services Tax (GST) on the following items will have zero rate after the GST Law comes into force on 1st July, 2017. As a result of which these items will be available at cheaper rates… Read More »

Category: GST

New Safe Harbour Rules Notified by CBDT

By | June 8, 2017

Central Board of Direct Taxes (CBDT) notifies new Safe Harbour Regime In order to reduce transfer pricing disputes, to provide certainty to taxpayers, to align safe harbour margins with industry standards and to enlarge the scope of safe harbour transactions, the Central Board of Direct Taxes (CBDT) has notified a new safe harbour regime based… Read More »

GST reporting of exchange traded / OTC derivatives, g-sec, commercial paper, Certificate of deposit trading

By | June 8, 2017

If exchange traded/ OTC derivatives, g-sec, commercial paper, Certificate of deposit trading need reporting in GST return? Yes. All nil rated, exempted and non GST outward supplies are required to be reported at Table 8 of GSTR-1. [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ]   Read Other related… Read More »