Print post-GST rates on items or go to jail, government warns traders
Posted Date : 08-Jul-2017 , 08:36:48 am | Posted By CASANSAAR
The government on Friday warned manufacturer, importer and sellers of pre-packaged goods of penalties ranging from fines of up to Rs 1 lakh or prison terms up to a year for repeat offence of not printing the post-GST rates on product labels. The consumer affairs ministry has come out with the new no...
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Multiple registrations in GST allowed under one PAN - Revenue Secretary
Posted Date : 07-Jul-2017 , 08:24:53 am | Posted By CASANSAAR
Enlisting the two exceptions for the condition of one registration in one state for one PAN (Permanent Account Number), revenue secretary Hasmukh Adhia clarified that firms with multiple business verticals can choose to apply for multiple registrations on the Goods and Services Tax (GST) Network. Du...
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CGST won't apply on items not registered under trademark law
Posted Date : 06-Jul-2017 , 08:07:25 am | Posted By CASANSAAR
The government said 5 per cent Central GST will not apply to products that are not registered under the Trade Marks Act.
Finance Ministry in a statement said CGST rate on supply of certain goods such as paneer, natural honey, wheat, rice and other cereals, pulses, flour of cereals and pulses is z...
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J&K Assembly passes resolution to implement GST in the state
Posted Date : 05-Jul-2017 , 05:21:00 pm | Posted By CASANSAAR
The Jammu and Kashmir Legislative Assembly adopted the Goods and Services Tax (GST) resolution during a special session on Wednesday.
The state assembly passed the landmark tax reform during a special session, after two days of heated exchanges and fiery debates between BJP members and the opposi...
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Six Days GST Ki Master Classes on DD National - CBEC
Posted Date : 05-Jul-2017 , 08:38:28 am | Posted By CASANSAAR
GST-KI-Master Class to be held on six days covering issues relating to Registration & Migration Transition & Invoice Making, Composition and Record Keeping; To be telecast Live on DD National and other Channels.
Department of Revenue, Government of India and the Central ...
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GST rate for specified items for Physically Challenged Persons
Posted Date : 04-Jul-2017 , 04:45:26 pm | Posted By CASANSAAR
Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below.
Assistive devices and rehabilitation aids for physically challenged persons, listed below, have been kept at the concessional 5% GST rate:
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Cabinet Secy asks secretaries of various depts to ensure smooth implementation of GST
Posted Date : 04-Jul-2017 , 09:04:07 am | Posted By CASANSAAR
Cabinet Secretary P K Sinha held a review meeting to take stock of implementation of the GST. The Cabinet Secretary asked secretaries of various departments to give their feedback on the rollout of GST.
Mr. Sinha asked every Secretary to take-up the responsibility of addressing the GST rela...
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GST - India's biggest ever tax reform launched
Posted Date : 01-Jul-2017 , 06:36:42 am | Posted By CASANSAAR
The biggest ever tax reforms in the country's history, the Goods and Services Tax (GST) came into effect from midnight.
The historic launch of GST was done at the Central Hall of Parliament where President Pranab Mukherjee and Prime Minister Narendra Modi launched the new regime by pres...
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President of India addresses special function in Parliament organized to launch GST
Posted Date : 01-Jul-2017 , 06:34:44 am | Posted By CASANSAAR
The President of India, Shri Pranab Mukherjee graced a special function organized to launch the Goods and Services Tax (GST) in the midnight of June 30- July1, 2017 in the Central Hall of Parliament House, New Delhi.
Speaking on the occasion, the President said that the introduction of GST ...
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GST implementation will remain a challenge for Govt
Posted Date : 30-Jun-2017 , 08:44:29 am | Posted By CASANSAAR
On the eve of launch of the Goods and Services Tax (GST), ADB president Takehiko Nakao said its a good initiative but its implementation will remain a challenge for the government.
"There can be some transitional issues like filing of returns and its scrutiny...another issue might be that of...
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Govt starts notifying provisions of GST acts, amends rules
Posted Date : 29-Jun-2017 , 08:38:50 am | Posted By CASANSAAR
With two days left for roll out of GST, the Finance Ministry has started notifying various provisions of law relating to interest calculation, input tax credit and valuation.
Provisions in the Central GST Act (CGST), Integrated GST (IGST) Act and Union Territory GST Act and rules under them are b...
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Government issues notification for roll out of GST from Saturday
Posted Date : 29-Jun-2017 , 08:36:34 am | Posted By CASANSAAR
Government has notified roll out of Goods and Services Tax (GST) from 1st of next month, the GST will subsume a host of indirect levies like excise, service tax and VAT.
A special programme will be held in Central Hall of Parliament tomorrow midnight for the launch of new indirect tax regime. Pre...
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GST software testing done - GSTN
Posted Date : 28-Jun-2017 , 08:06:01 am | Posted By CASANSAAR
GST Network, providing technology backbone for the new tax regime, said it has completed all software trials and testings necessary to successfully rollout GST from July 1. Over 66 lakh taxpayers have enrolled on the GSTN portal, chairman Navin Kumar said.
“GST IT system has undergone...
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No GST on railway tickets booked before July 1
Posted Date : 27-Jun-2017 , 08:00:24 am | Posted By CASANSAAR
The Goods and Service Tax (GST), set to kick in on July 1, will replace service tax for all airconditioned and first class railway tickets.
However, tickets booked before July 1 for journeys starting on or after that date will not attract the tax and the difference in service tax and GST will not...
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Union Finance Minister urges CM Membooba Mufti Sayeed to implement GST in the State
Posted Date : 26-Jun-2017 , 09:08:51 pm | Posted By CASANSAAR
The Union Finance Minister Sh. Arun Jaitley today has written a letter to the Chief Minister of the State of Jammu and Kashmir, Membooba Mufti Sayeed urging for introduction of the goods and services tax in Jammu and Kashmir from 1st July, 2017 along with the rest of the States.
&...
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Postponement of provision relating to TDS and TCS of the CGST / SGST Act 2017
Posted Date : 26-Jun-2017 , 07:10:44 pm | Posted By CASANSAAR
With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax at source under Section 52 of the CGST / SGST Act 2...
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Traders want ombudsman for redressal of GST grievances
Posted Date : 26-Jun-2017 , 07:07:58 pm | Posted By CASANSAAR
Traders' body CAIT today demanded setting up of an 'impartial authority' like an ombudsman or Lokpal, whom businessmen can voice their grievances related to the Goods and Services Tax (GST) and seek redressal.
"At present if I have a taxation-related grievance, the appellate auth...
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GST registrations for e-commerce, new companies to begin from today
Posted Date : 25-Jun-2017 , 10:08:20 am | Posted By CASANSAAR
Ecommerce operators and TDS deductors will be able to register with GST Network beginning June 25, when the portal re-opens for fresh registration.
Also, existing excise, service tax and VAT assessees will get another chance to migrate to the GSTN portal as registration for them too opens on Sund...
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Cabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST
Posted Date : 23-Jun-2017 , 07:00:54 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST.
“GST is the biggest tax reform in independent India. It is one of the most sweeping indirect ...
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GSTN to launch helpline for taxpayers, officials on Jun 25
Posted Date : 22-Jun-2017 , 10:33:55 pm | Posted By CASANSAAR
GST Network, the company providing IT backbone for the GST, will launch two call centres on Sunday to handle queries from taxpayers and tax officials.
The Goods and Services Tax will be rolled out from July 1, and GSTN will have a major role to play as it will have to handle the huge traffic of i...
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GST registration for existing Service Tax, Excise, VAT to reopen on June 25th
Posted Date : 22-Jun-2017 , 05:02:51 pm | Posted By CASANSAAR
Government has said a new window for registration for Goods and Services Tax for excise, service tax and VAT payers will reopen on June 25th.
Talking to media, Revenue Secretary Hasmukh Adhia said traders and businessmen can enroll themselves on GSTN website. Two rounds of registration have...
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All States/UTs except J&K approves the State GST Act
Posted Date : 22-Jun-2017 , 07:06:17 am | Posted By CASANSAAR
As of today, all the States and Union Territories (having assemblies), except the State of Jammu & Kashmir, have approved the State Goods and Services Tax (SGST) Act. The State of Kerala issued an Ordinance today approving State GST Act while the State of West Bengal had issued an Ordinance in t...
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Retailers need to file single GST return every month
Posted Date : 22-Jun-2017 , 07:00:24 am | Posted By CASANSAAR
Days before the rollout of the landmark GST, the government today sought to dispel the notion that the new tax regime will be cumbersome and compliance- heavy, saying taxpayers need to file only one return every month, similar to what they presently do.
In an interview to PTI, Revenue Secretary H...
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President to launch GST on midnight of 30th June
Posted Date : 20-Jun-2017 , 07:03:59 pm | Posted By CASANSAAR
Union Finance Minister Arun Jaitley on Tuesday said, Goods and Services Tax (GST) will officially be launched on 30th June midnight.
Briefing media in New Delhi, Mr Jaitley said the launch function will be held exactly at midnight in the Central Hall of Parliament.
He said Presiden...
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GST Council sets tax rates for lotteries, hotels
Posted Date : 19-Jun-2017 , 07:56:22 am | Posted By CASANSAAR
The Goods and Service Tax (GST) Council on Sunday decided to tax state-run lotteries and state authorised lotteries at 12 and 18 per cent respectively and to tax 28 per cent in hotels starting from Rs 7,500 and 18 per cent below Rs. 7,500.
Union Finance Minister Arun Jaitley said the GST on resta...
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GST Council gives relaxation of 2 months for filing tax returns
Posted Date : 19-Jun-2017 , 07:47:50 am | Posted By CASANSAAR
The GST Council relaxed return filing rules for businesses for the first two months of the rollout of the new indirect tax regime. Briefing media at meeting of the council in New Delhi, Finance Minister Arun Jaitley said, to obviate any lack of preparedness, a slight relaxation of time for two month...
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Aviation Ministry seeks GST roll out in September, writes to FinMin
Posted Date : 16-Jun-2017 , 08:44:35 am | Posted By CASANSAAR
The Civil Aviation Ministry has requested the Finance Ministry to defer the rollout of the Goods and Services Tax to September, reports the Hindu. The airlines claim it will be difficult for them to make the switch to the new indirect tax regime by July, when the GST is set for a pan-India implement...
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Reduced Liability of Tax on complex, building, flat etc. under GST
Posted Date : 15-Jun-2017 , 10:19:10 pm | Posted By CASANSAAR
The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12% in respect of under construction flats, complex etc, the people who have booked flats and made part payment are being asked to make entire payment before 1st July 2017 or to...
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Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates
Posted Date : 15-Jun-2017 , 10:16:56 pm | Posted By CASANSAAR
The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.
...
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GST Council to vet e-way, anti-profiteering rules on Jun 18
Posted Date : 15-Jun-2017 , 10:14:41 pm | Posted By CASANSAAR
The all powerful GST Council will meet on June 18 to finalise tax rates on lottery as well as rules relating to e-way bill and anti-profiteering measures.
This will be the 17th meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state counterparts. The Counci...
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