Category: GST
States Exempted from Tax Refund after GST The North Eastern and Hilly States have not been provided exemption from tax refund till March, 2027 under GST. The GST Council in the meeting held on 30.09.2016, had decided that all entities exempted from payment of indirect tax under the then …
e-way bill on movement of goods from dry-ports and SEZs within the zone – Govt.clarification on representations received. Clarity on E-Way Bill Government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on e-way bill regarding movement of goods from dry-ports to …
CBEC Guidance Note on CGST Transitional Credit Central Board of Excise & Customs (CBEC) has issued a detailed guidance note to aid and assist the field offices in verification of transitional credit claimed in form TRAN-1. As per the letter dated 14th March, 2018 issued by the CBEC …
GST Rate and Policy Measures Rationalization-Decisions implemented on GST Council’s recommendations Goods and Services Tax Rate and Policy Based on the various representations received from the trade and industry, the GST Council has recommended a number of measures pertaining to change in Goods and Services tax rate and policy …
Indian GST system is relatively more complex, has high and larger number of tax rates, than in comparable systems in other countries-World Bank The World Bank in its latest working paper titled as “India development update-India’s growth story ” published on 14th March, 2018 has expressed that looking back …
Clarifications on exports related refund issues-CBEC Circular CBEC has issued Circular No. 37/11/2018-GST dated 15th march, 2017 clarifying exports related refund issues. Earlier, the Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 – GST dated 21st December 2017 had clarified various issues …
CBEC is observing GST refund fortnight from 15th -29th March, 2018 across all its field formations to deal exclusively with the pending GST refund claims CBEC is observing GST refund fortnight from 15th – 29th March, 2018 Get your pending GST refunds on export of goods sanctioned CBEC is …
Processing of GST refund application for UIN entities-Clarification. Such entities are not registered person. Grant of UINs enable them to claim refund of GST The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, had decided that the entities having Unique Identity Number (UIN) …
Recommendations regarding Data Analytics made during the 26th meeting of the GST Council In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The …
Recommendations regarding E-way Bill made during meeting of the GST Council In the 26th meeting held here today , the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system …
