Decisions relating to Services in 23rd GST Council meeting at Guwahati

In the 23rd meeting of GST Council held at Guwahati, Assam on 10.11.2017, the following decisions relating to exemptions / changes in GST rates / ITC eligibility criteria, rationalization of rates / exemptions and clarification on levy of GST on services were taken. The information is being uploaded immediately after the GST Council’s decision and … Continue reading Decisions relating to Services in 23rd GST Council meeting at Guwahati

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Changes recommended in Composition Scheme

The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati. (i) Uniform rate of tax @ 1% under composition scheme for manufacturers and traders (for traders, turnover will be counted only for supply of taxable goods). No change for composition … Continue reading Changes recommended in Composition Scheme

Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

The GST Council, in its 23rd meeting held at Guwahati on 10thNovember 2017, has recommended the following facilitative measures for taxpayers: Return Filing a)The return filing process is to be further simplified in the following manner: (i) All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till … Continue reading Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

Circulars on deemed export supplies from DTA to EOU/EHTP/STP/BTP Units

Circular No. 14/14 /2017 - GST F. No. 349/21/2016 GST (Policy Wing) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, dated the 6th November, 2017 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners of Central Tax (All) The Principal … Continue reading Circulars on deemed export supplies from DTA to EOU/EHTP/STP/BTP Units

Due date for generation of FORM GSTR-2A and FORM GSTR-1A -Circular No.15 /15/2017 – GST

Circular No.15 /15/2017 - GST F.No. 349/164/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 6th November, 2017 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners of Central Tax (All) The Principal Director Generals / Director Generals … Continue reading Due date for generation of FORM GSTR-2A and FORM GSTR-1A -Circular No.15 /15/2017 – GST

GST Network’s new facility Table 6A for exporters to claim refunds

The Goods and Services Tax Network (GSTN) said on Sunday that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refunds. "Table 6A of Form GSTR1 has been introduced on the GST portal," GSTN said in a statement. Table 6A of Form GSTR1 allows taxpayers to file export … Continue reading GST Network’s new facility Table 6A for exporters to claim refunds

Notification No. 54 /2017 – CT to amend Notification no. 30/2017-Central Tax dated 11.09.2017 so as to extend the due date for filing FORM GSTR-2 and FORM GSTR-3 for the month of July, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 54 /2017 – Central Tax New Delhi, the 30th October, 2017 G.S.R. …..(E). In exercise of the powers conferred by the first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section … Continue reading Notification No. 54 /2017 – CT to amend Notification no. 30/2017-Central Tax dated 11.09.2017 so as to extend the due date for filing FORM GSTR-2 and FORM GSTR-3 for the month of July, 2017

Panel proposes lower GST rates for small businesses

A ministerial panel has recommended lowering the goods and services tax (GST) rates for small businesses and extending the benefit to more such units in an attempt to reduce their tax burden and improve compliance. If accepted by the GST Council at its 9-10 November meeting, the changes in the so-called composition scheme could benefit … Continue reading Panel proposes lower GST rates for small businesses