Industry pitches for bringing natural gas under GST
Posted Date : 17-Nov-2017 , 10:26:47 am | Posted By CASANSAAR
More than four months after the launch of GST, the industry has pitched for inclusion of natural gas in the new indirect tax regime so as to help producers contain cost and aid in moving towards a gas-based economy.
In letter to Finance Minister Arun Jaitley, industry body Ficci has said that kee...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 377
|
 |
Cabinet approves the establishment of the National Anti-profiteering Authority under GST
Posted Date : 16-Nov-2017 , 04:19:43 pm | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST, following up immediately on yesterday's sharp reduction in the GST rates of a large nu...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 542
|
|
No GST on advance taken by FMCG companies
Posted Date : 16-Nov-2017 , 10:14:36 am | Posted By CASANSAAR
In a big relief to all FMCG companies and others that take advance from dealers before they supply goods, no goods and services tax (GST) would be levied on such advance.
The department of revenue has issued a notification allowing the relaxation after the same was approved in the GST Counc...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 556
|
|
High Court questions 12% GST on sanitary napkins
Posted Date : 16-Nov-2017 , 10:07:20 am | Posted By CASANSAAR
The Delhi High Court on Wednesday questioned the central government`s decision to impose 12 per cent tax on sanitary napkins under the GST regime, saying it has exempted "bindi, kajal, sindoor" which seem more essential than sanitary napkins.
The court said the government needs to look ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 495
|
|
GST: changes in the returns filing process
Posted Date : 14-Nov-2017 , 10:38:41 am | Posted By CASANSAAR
The Goods and Services Tax Council took a slew of decisions during its 23rd meeting in Guwahati on Friday to benefit consumers and businesses alike. While consumers will stand to benefit from a number of rate cuts, including the tax on restaurants, businesses stand to benefit from a significant easi...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1250
|
|
Finance minister Arun Jaitley hints at further trimming of GST
Posted Date : 14-Nov-2017 , 07:55:09 am | Posted By CASANSAAR
Finance minister Arun Jaitley on Monday hinted at further rationalisation of goods and services tax (GST) rates, while slamming opponents who have been advocating a shift to a single-rate regime, in what was seen as a rebuff to Congress vice-president Rahul Gandhi.
"Rationalisation process i...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 612
|
|
Accepting of Unique Identity Number of Foreign Diplomatic Missions / UN Organizations while making sales or supplies
Posted Date : 13-Nov-2017 , 05:59:18 pm | Posted By CASANSAAR
Various representations have been received from Foreign Diplomatic Missions / UN Organizations regarding unwillingness of the vendors / suppliers to record the UIN (Unique Identify Number) while making sales to such Missions / Consulates or UN organizations.
It may be noted that sale or supply to...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 299
|
|
August surplus clinched GST rate cut, talks on for shift to two-rate regime
Posted Date : 13-Nov-2017 , 10:25:09 am | Posted By CASANSAAR
The Centre and the states have been debating changes in goods and services tax (GST) rates, especially in the top bracket, but it was a surplus earned during August that appears to have finally given both the confidence to move ahead and slash rates on over 175 products in the top slab.
Sources t...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 614
|
|
Changes in GST Rates as recommended by GST Council
Posted Date : 11-Nov-2017 , 09:03:44 am | Posted By CASANSAAR
Recommendations made On GST Rate changes by the GST Council as per discussions in its 23rd Meeting on 10th November, 2017 held at Guwahati
In the meeting held today, that is 10th November, 2017, the Council has recommended major relief in GST rates on certain g...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1380
|
|
Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017
Posted Date : 11-Nov-2017 , 09:01:52 am | Posted By CASANSAAR
The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has recommended the followingfacilitative measuresfortaxpayers:
Return Filing
The return filing process is to be further simplified in the following manner:
All taxpayers would file return in FORM GST...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1153
|
|
GST Changes recommended in Composition Scheme
Posted Date : 11-Nov-2017 , 08:55:10 am | Posted By CASANSAAR
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 today.
i. Uniform rate of tax @ 1% under composition scheme for manufacturers andtraders (for traders, turnover will be counted only for ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 740
|
|
Businesses can revise GST transition claim form now
Posted Date : 10-Nov-2017 , 07:29:33 pm | Posted By CASANSAAR
GST Network today said businesses can now make changes to the forms uploaded on the portal to claim transition credit.
"The facility to revise Form GST TRAN-1 declaration has been introduced on the GST Portal for taxpayers who had already filed it prior to November 9, 2017," GSTN said i...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 465
|
|
GST rate on mass consumption items cut to 18% from highest slab of 28%
Posted Date : 10-Nov-2017 , 07:28:18 pm | Posted By CASANSAAR
The GST Council today decided to reduce tax rate on a wide range of mass use items from chewing gums to detergents to 18 per cent from current 28 per cent.
Bihar Deputy Chief Minister Sushil Kumar Modi said this in Guwahati, where the full GST council meeting headed by Union Finance minister Aru...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 521
|
|
GST Council to give across the board relief today
Posted Date : 10-Nov-2017 , 09:12:30 am | Posted By CASANSAAR
Hounded from all sides over the shoddy implementation of the newly-introduced goods and services tax (GST), the decision making body for the new indirect tax GST Council that will be meeting today in Guwahati could look at further raising the threshold for composition scheme, move a large number of ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 687
|
|
23rd GST Council Meet to begin in Guwahati today
Posted Date : 09-Nov-2017 , 07:39:10 am | Posted By CASANSAAR
The 23rd meeting of the Goods and Services Tax (GST) Council will begin in Guwahati today. The two-day meeting will review the impact of the new tax regime in the first quarter of its implementation.
In an interview to All India Radio, Union Finance Minister Arun Jaitley said, the Council i...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 340
|
|
GST Council meeting likely to deliberate on bringing Real Estate under GST - FM
Posted Date : 08-Nov-2017 , 09:58:24 pm | Posted By CASANSAAR
The Finance Minister Mr. Arun Jaitley says, the positive indications have started emerging in the formal economy after a year of demonetisation.
He said, the tax base has increased, more money is available now in the banks, mutual funds and capital market.
In an exclusive interview to Al...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 253
|
|
All GST issues to be resolved on November 10 - PM
Posted Date : 08-Nov-2017 , 08:31:30 am | Posted By CASANSAAR
Almost all the woes being faced by businesses and traders under the four-month-old Goods and Services Tax (GST) regime would likely be resolved by the GST Council at its November 10 meeting, Prime Minister Narendra Modi said.
India’s 100th rank in the World Bank’s latest ease of doing...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 511
|
|
Govt may review monthly GST return filing process
Posted Date : 06-Nov-2017 , 09:47:05 pm | Posted By CASANSAAR
The government may review the requirement of filing at least three returns every month under the GST regime with a view to easing compliance burden of taxpayers, officials said.
Presently, businesses have to file returns in GSTR-1, GSTR-2 and GSTR-3 forms for every month. These forms detail...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 611
|
|
GSTN eases process for exporters to claim refunds
Posted Date : 06-Nov-2017 , 02:07:50 pm | Posted By CASANSAAR
The Goods and Services Tax Network (GSTN) has said that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refunds. In a statement yesterday, it said Table 6A of Form GSTR1 has been introduced on the GST portal.
Table 6A of Form GSTR1 allows taxpayers to file expor...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 425
|
|
GST Council to consider slashing GST on common use goods
Posted Date : 06-Nov-2017 , 08:32:05 am | Posted By CASANSAAR
The all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like shampoo, and simplify return filing rules in its meeting this week.
The Council, headed by Finance Minister Arun Jaitley, is scheduled to meet on N...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 400
|
|
Offline version for GSTR-4 preparation launched on GST portal
Posted Date : 05-Nov-2017 , 10:03:41 am | Posted By CASANSAAR
Flagging off preparation for the filing of GSTR-4, the quarterly return for taxpayers who have opted for Composition Levy, the Goods and Services Tax Network (GSTN) introduced an offline tool on the GST Portal for the same.
“GSTR-4 return can be prepared only using the Offline Tool. This ha...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 310
|
|
PM hints at more measures for businesses on GST
Posted Date : 05-Nov-2017 , 10:00:11 am | Posted By CASANSAAR
Promising more measures to ease problems faced by small businesses due to GST, Prime Minister Narendra Modi on Saturday said a committee of state ministers has accepted most of the suggestions made by them and an announcement is likely in the GST Council meet next week.
The GST Council had announ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 261
|
|
GSTN launches offline utility for GSTR-2
Posted Date : 01-Nov-2017 , 09:28:59 pm | Posted By CASANSAAR
GST Network, which developed the technology backbone for new indirect tax regime, today said it has launched an offline tool for filing purchase returns GSTR-2.
The tool would allow taxpayers to export data of GSTR-2 to excel. This will be helpful in comparing this data with purchase register to ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 436
|
|
Govt extends last date of filing of GSTR-3 for July, 2017 to 11th Dec, 2017
Posted Date : 30-Oct-2017 , 04:35:14 pm | Posted By CASANSAAR
The last date for filing of GSTR-2 for the month of July, 2017 is 31st October, 2017. The competent authority has approved the extension of filing of GSTR-2 for July, 2017 to 30th November, 2017, for facilitation of businesses and all taxpayers.
The last date for filing of GSTR-3 for the month of...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 622
|
|
Govt extends last date of filing of GSTR-2 for July, 2017 to 30th Nov, 2017
Posted Date : 30-Oct-2017 , 04:30:14 pm | Posted By CASANSAAR
The last date for filing of GSTR-2 for the month of July, 2017 is 31st October, 2017. The competent authority has approved the extension of filing of GSTR-2 for July, 2017 to 30th November, 2017, for facilitation of businesses and all taxpayers.
The last date for filing of GSTR-3 for the month of...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 554
|
|
Due date for filing GSTR-2 & GSTR-3 for July 2017 extended to 30th Nov and 11th Dec 2017
Posted Date : 30-Oct-2017 , 03:27:13 pm | Posted By CASANSAAR
To facilitate trade, last date for filing GSTR-2 & GSTR-3 for July 2017 extended to 30th Nov & 11th Dec 2017 respectively.
last date for filing of GSTR-3 for the month of July, 2017 also stands extended to 11th December, 2017 (deadline was 10th November, 2017).
A Notification in ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 866
|
|
HC dismisses plea to revoke Mersal's censor certificate for anti GST dialogues
Posted Date : 28-Oct-2017 , 08:10:09 am | Posted By CASANSAAR
Observing that a mature democracy should allow views of the minorities also to be expressed, the Madras High Court on Friday dismissed a public interest litigation petition seeking a direction to Central Board of Film Certification (CBFC) to revoke the censor certificate issued to Vijay starrer Mers...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 422
|
|
Tax professionals protest over GST returns filing in Gujarat
Posted Date : 28-Oct-2017 , 08:08:09 am | Posted By CASANSAAR
Little over a month before Gujarat goes to polls, tax professionals across the state are up in arms against the government over the problems faced by them in filing goods and services tax (GST) returns. As part of their protests, chartered accounts, advocates, tax practitioners and traders on Friday...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1077
|
|
Deadline to claim GST transition credit extended till Nov 30
Posted Date : 27-Oct-2017 , 08:02:57 am | Posted By CASANSAAR
The Government on Thursday extended the deadline by a month till November 30 for businesses to claim credit of transitional stock in the Goods and Services Tax (GST) regime. “Form GST TRAN-1 (with revision facility) extended to November 30, 2017,” said a tweet by GST@GOI, the official tw...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 478
|
|
GST TRAN - 1 extended to 30th November 2017
Posted Date : 26-Oct-2017 , 05:07:00 pm | Posted By CASANSAAR
FORM GST TRAN - 1 (with revision facility) extended to 30th November 2017. Suitable order will be issued shortly.
www.casansaar.com...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1854
|
|
|
