Category: GST

GST rates Notified to boost exports and employment generation in the labour intensive textiles and apparel sector. Press Information Bureau  Government of India Ministry of Textiles 25-November-2017 16:03 IST Post-GST rates Notified to boost exports and employment generation in the labour intensive textiles and apparel sector  In order …

IGST-GST on Sale of goods in a Bonded Warehouse-applicability. If goods remain in warehouse, customs duty remain deferred till goods are ex-bonded Circular No. 46/2017-Customs F.No: 473/10/2017-LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs North Block, New Delhi Dated 24th November …

GST latest Twitter 41 FAQ on ITC Credit, PWD Nagar Nigam Contractor, Lost goods, supply to SEZ, Invoice verification, restaurants, returns, taxes etc.    Question 1: Is ITC available on vehicle taken on lease for employee in a manufacturing company? Answer: No. It is not allowed as per …

Clarification-IGST Exemption on Inter-state movement of rigs tools and spares and all goods on wheels like cranes. No IGST applicable unless movement is for further supply of the same goods Circular No. 21/21/2017-GST F. No. 354/320/2017 –TRU (Pt ) Government of India Ministry of Finance Department of Revenue …

Classification and GST rate on Terracotta idols. GST rate on Idols made of clay is nil as per S. No. 135A of notification 2/2017  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 …

GST Portal calculation of late fee for GSTR-3B Return after due date Late Fee (CGST + SGST) payable by taxpayers will now be calculated on the GST Portal as below. GST Portal will now be calculating Late Fee (CGST + SGST) payable as below: Rs. 50 per day …

Milling of paddy into rice not eligible for GST exemption under Notification 12/2017-Central Tax (Rate) Clarification Circular No. 19/19/2017-GST F. No. 354/263/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 20th November 2017 To, The Principal Chief Commissioners/Chief Commissioners/ …

Refund of unutilized  ITC of GST paid on inputs for fabric export-clarification Circular No. 18/18 /2017-GST F. No. 354/320/2017-TRU -Pt.1 Government of India Ministry of finance Department of Revenue Tax research Unit **** North Block, New Delhi 16th November 2017 The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioner of …

ICAI FAQs-Ethical issues on GST-CAs can’t write himself as GST Consultant. ICAI answers twelve questions on Ethics related to GST  ICAI FAQs on ethical issues relating to GST Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as …

Cabinet approves the establishment of the National Anti-profiteering Authority under GST  Press Information Bureau  Government of India Ministry of Finance 16-November-2017 15:48 IST Cabinet approves the establishment of the National Anti-profiteering Authority under GST  The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the …