Hope to take GST legislations to Parliament this session - FM
Posted Date : 03-Feb-2017 , 10:20:58 pm | Posted By CASANSAAR
Keen to rollout the Goods and Services Tax by July, the government plans to take the supporting legislations to Parliament next month, Finance Minister Arun Jaitley said today.
While the all-powerful GST Council has already decided on a four-slab tax structure for the indirect tax regime, the lev...
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GST Council has finalised its recommendations on almost all the issues based on consensus - FM
Posted Date : 01-Feb-2017 , 02:02:53 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the GST Council has finalised its recommendations on almost all the issues based on consensus after spirited debate and discussions. The Finance Mini...
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GST protest - 70K tax officers to wear black bands
Posted Date : 30-Jan-2017 , 08:00:41 am | Posted By CASANSAAR
About 70,000 tax officers and employees in the country will wear black bands at work tomorrow, on Martyrs Day, to protest some recent decisions taken by the GST Council headed by Finance Minister Arun Jaitley.
The associations representing them said the decisions are heavily tilted towards the st...
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Centre, states reach consensus on GST; rollout from July 1
Posted Date : 16-Jan-2017 , 11:26:04 pm | Posted By CASANSAAR
In a significant breakthrough in implementation of India's biggest tax reform, the deadlock over administration of GST ended on Monday after the Centre agreed to allow states control over most of small taxpayers, but the rollout date was pushed back by 3 months to July 1.
The split of G...
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GST Council to meet on dual control on Monday
Posted Date : 16-Jan-2017 , 09:27:26 am | Posted By CASANSAAR
In a make-or-break meeting, the Centre and States will try and resolve the pending issues around the Goods and Services Tax (GST) on Monday to ensure its timely roll out from April 1.
The GST Council will try to reach a compromise on administrative control over businesses.
“If States get...
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Excise, service taxpayers to migrate to GST portal by January 31
Posted Date : 10-Jan-2017 , 09:05:37 am | Posted By CASANSAAR
Keen to ensure roll out of goods and services tax from April 1, 2017, the Central Board of Excise and Customs (CBEC) has begun migration of its existing excise duty and service tax assesses to the new regime.
"All existing central excise/service tax assesses are requested to migrate as...
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Helpdesk for Migration of existing Central Excise/Service Tax assessees to GST
Posted Date : 09-Jan-2017 , 09:53:28 pm | Posted By CASANSAAR
To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from today. A 24x7 Helpdesk (Through Toll-Free number and Email) started for the purpose. ...
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GST - PAN card must for excise, service taxpayers to migrate to new tax regime
Posted Date : 09-Jan-2017 , 07:48:55 am | Posted By CASANSAAR
The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax (GST) set-up.
Despite the political impasse putting a question mark on the planned rollout of the new tax regime from 1...
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Tax refund to exporters under GST within seven days- Com Min
Posted Date : 05-Jan-2017 , 10:36:13 pm | Posted By CASANSAAR
The Department of Revenue has promised to refund tax claims of exporters within seven days under the new GST regime, thus addressing a major concern of the sector, Commerce and Industry Minister Nirmala Sitharaman said today.
The minister also said that exporters would get interest on the refund ...
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TN Govt asks traders to register in GSTN portal
Posted Date : 05-Jan-2017 , 10:33:54 pm | Posted By CASANSAAR
With the Centre keen on implementing the ambitious Goods and Services Tax across the country, Tamil Nadu government today asked traders to register in the website created by the Goods and Services Tax Network (GSTN).
GSTN has set up www.gst.gov.in and those registered traders should registe...
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GST deadlock continues over dual control, high sea taxes
Posted Date : 04-Jan-2017 , 08:33:48 pm | Posted By CASANSAAR
The deadlock over the Goods and Services Tax (GST) continued on Wednesday as Centre and States refused to budge from their respective positions on the issues including control of taxpayers and taxing high sea trade.
Stating that the Goods and Services Tax (GST) Council was racing against time on ...
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GST - States demand tax on high sea sales, higher compensation
Posted Date : 03-Jan-2017 , 10:23:15 pm | Posted By CASANSAAR
In fresh roadblocks to GST rollout, states today demanded taxation rights for sales in high seas and also increasing the number of items on which cess is to be levied to compensate the states to deal with revenue loss estimated at Rs 90,000 crore post demonetisation.
Initially a Rs 55,000 crore G...
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GST delayed, rollout now likely on 1 June
Posted Date : 02-Jan-2017 , 08:34:17 am | Posted By CASANSAAR
The rollout of the goods and services tax (GST) is likely to be delayed by two or three months, according to two people familiar with the situation.
The government is yet to lock down a date, but is likely to settle for either 1 June or 1 July, the people said on condition of anonymity.
Expect...
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GST Council to meet again on Jan 3-4 to decide on dual control and IGST - FM
Posted Date : 23-Dec-2016 , 05:41:21 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley today said that the GST Council today finalised primary draft of CGST and SGST laws, which are for compensating states.
The laws comprising 197 provisions, 5 schedules have been approved.
While speaking to media after chairing the 7th GST Council meeting, he...
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GST Council finalises Central and State GST Laws, Dual Control pending
Posted Date : 23-Dec-2016 , 08:44:48 am | Posted By CASANSAAR
In a significant breakthrough, the GST Council on Thursday finalised 197 clauses of the Central GST and State GST laws. In doing so, the Council has given final shape to these GST laws, a senior finance ministry official said on the condition of anonymity.
Another 3-4 clauses relating to definiti...
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Govt mulls special session to push GST related bills
Posted Date : 16-Dec-2016 , 08:35:00 am | Posted By CASANSAAR
With Parliament’s winter session heading for a total washout, the government plans a meeting of the Cabinet Committee on Parliamentary Affairs Friday to discuss options including a special short session to take up the Central GST and Integrated GST Bills. The government has, however, decided a...
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Traders can register themselves under the GST from Dec 16
Posted Date : 16-Dec-2016 , 08:26:10 am | Posted By CASANSAAR
Around 3.48 lakh traders of the city, registered with the Delhi government's Trade and Taxes department, can register themselves under the upcoming Goods and Services Tax (GST) regime from December 16. The exercise for the registration of city's traders under the new tax law will continue ti...
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Report Card on GST Implementation
Posted Date : 15-Dec-2016 , 07:58:02 am | Posted By CASANSAAR
Report Card on GST Implementation; Government of India lost no time in implementing the GST so far; Discussions in GST Council have been very cordial and all decisions till now have been taken by consensus; Members of the Council are participating in the meetings with a very positive attit...
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GST Council meet inconclusive; Apr 1 target unlikely
Posted Date : 12-Dec-2016 , 09:11:09 am | Posted By CASANSAAR
With the Centre and states again failing on Sunday to sort out contentious issue of dual control of assessees, the Goods and Services Tax (GST) rollout from April 1 next year is now looking virtually impossible.
The 6th meeting of the all-powerful GST Council was slated to decide on dual control ...
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GST jurisdiction a difficult issue, hopeful of Apr roll-out - FM
Posted Date : 08-Dec-2016 , 08:28:49 am | Posted By CASANSAAR
Pinning hopes on quick resolution of the difficult issue of tax jurisdiction with States, Union Finance Minister Arun Jaitley has said that the Goods and Services Tax (GST) regime will be rolled out from April next year.
Addressing the valedictory ceremony of Petrotech 2016 in New Delhi last even...
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No consensus at GST Council, Next Meet on December 11-12
Posted Date : 03-Dec-2016 , 08:35:34 pm | Posted By CASANSAAR
For the third time in one month, the GST Council on Saturday failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
The Council, headed by Finance Minister Arun ...
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Government intends to implement GST by 1st April next year - FM
Posted Date : 03-Dec-2016 , 07:39:22 am | Posted By CASANSAAR
The Two Days Goods and Services Tax,GST Council meeting is underway in New Delhi. It will dwell on the issue of jurisdiction over assesees and draft model laws for implementation of the GST regime from April next year. The meeting is being chaired by Finance Minister Arun Jaitley.
The GST Council...
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Constitutional compulsion to roll out GST from Sep next - FM
Posted Date : 02-Dec-2016 , 05:51:27 pm | Posted By CASANSAAR
Citing constitutional compulsion, Finance Minister Arun Jaitley today sought to drive home the point that the Goods and Services Tax has to roll out before September 16 next year as the existing indirect taxes will come to an end by then and it would not be possible to run the country without revenu...
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Govt releases drafts of revised model GST, IGST and GST compenstion laws
Posted Date : 26-Nov-2016 , 04:54:34 pm | Posted By CASANSAAR
Government has released the Revised Draft Model GST Law, Draft IGST Law, and Draft GST compensation law in public domain.
In a series of tweets, Revenue Secretary Hasmukh Adhia said these laws will be considered by GST Council in its meeting scheduled for 2nd and 3rd December and finalised....
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GST Council meeting rescheduled for December 2-3
Posted Date : 23-Nov-2016 , 10:14:55 pm | Posted By CASANSAAR
The GST Council meeting, which would discuss the crucial issue of dual control or who will exercise control over GST assessees -- the Centre or the states -- has been rescheduled for December 2-3, an official said.
The meet was earlier scheduled to be held on November 25.
"The states desi...
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Banks integrating systems with RBI, GST Network to collect tax - FM
Posted Date : 23-Nov-2016 , 08:44:52 am | Posted By CASANSAAR
Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax regime, Finance Minister Arun Jaitley said on Tuesday.
Detailed protocols for integration of the banks' IT system with RBI and GST portal of Goo...
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Centre-State stalemate over GST jurisdiction continues
Posted Date : 20-Nov-2016 , 07:21:28 pm | Posted By CASANSAAR
Stalemate between the Centre and states over administrative control under the proposed goods and services tax (GST) regime continued today with an informal meet called by Finance Minister Arun Jaitley failing to break the deadlock.
Mr. Jaitley’s informal meeting with state finance ministers...
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Centre conducts sensitisation seminar on GST
Posted Date : 19-Nov-2016 , 09:28:24 pm | Posted By CASANSAAR
Racing against time to meet GST deadline, the Centre today held a sensitisation workshop for over 400 officials on the new indirect tax regime which Cabinet Secretary P K Sinha described as moving away from tax exemptions to seamless flow of credit and tax payments.
The workshop, held a day befor...
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3 legislations related to GST bill in government's 'to do' list
Posted Date : 16-Nov-2016 , 10:45:51 am | Posted By CASANSAAR
Amid indications of a stormy winter session in Parliament, the government has listed its legislative agenda which includes bills for rollout of goods and services tax (GST), maternity benefit (amendment) and the surrogacy regulation.
The government is keen to push the passage of the three legisla...
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GST Potal Launched - Get Ready for GST
Posted Date : 08-Nov-2016 , 01:53:14 pm | Posted By CASANSAAR
The Govt has launched GST portal (www.gst.gov.in). The state wise schedule for GST Registration is hosted on the website.
Government has launched GST Portal (i.e., www.gst.gov.in) for the enrollment of existing taxpayers of VAT, Service Tax and Excise for smooth transition to GST. Exis...
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