GST Update Archives

Procedure For Completing Migration Of Taxpayers

07.08.18

The Central Government on the recommendations of the Council specified the persons who did not file the complete FORM GST REG-26 of the CGST Rules, 2017 but received only Provisional Identification Number (PID) till the 31st December, 2017, may now apply for GSTIN vide Notification No. 31/2018 – Central Tax dated 06.08.2018.

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Further Extension of Exemption for Reverse Charge Liability U/s 9(4)

07.08.2018

As per Notification No. 22/2018 – Central Tax (Rate) dated 06.08.2018, the exemption of liability to pay tax under Reverse Charge Mechanism under section 9 (4) of the CGST Act, 2017 has been further extended from 01.10.2018 to 30.09.2019.

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Proposed GST rate on Services

25.07.18

The GST Council in the meeting held at New Delhi on 21.07.2018 took following decisions relating to exemptions / changes in GST rates / ITC eligibility criteria, rationalisation of rates / exemptions and clarification on levy of GST on services.

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Recommendations on amendments in the statute

25.07.18

The GST Council in its 28th meeting, held on 21.07.2018 at New Delhi, has recommended certain major amendments in the CGST / IGST / UTGST / GST (Compensation to States) Act.

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Proposal to open the migration window

25.07.18

The GST Council in it’s 28th meeting, held on 21.07.2018 at New Delhi, has approved the proposal to open the migration window for taxpayers.

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Relaxation in GST Rate on Goods

25.07.18

The GST Council in it’s 28th meeting, held on 21.07.2018 at New Delhi, has recommended certain relaxation in GST rate on goods.

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Simplified GST Return

25.07.18

The GST Council in it’s 28th meeting, held on 21.07.2018 at New Delhi, had approved the basic principles of GST return design and directed the law committee to finalise the return formats and changes in law.

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Generation of E-Waybill for intra-state movement of goods in relation to job-work exempted

12.07.2018

Exemption has been provided from generation of E-waybill in case of intra-State movement of goods from principal to a job-worker for job work or vice versa.

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Further Extension of Exemption for Reverse Charge Liability U/s 9(4)

29.06.2018

The exemption of liability to pay tax under Reverse Charge Mechanism under section 9 (4) of the CGST Act, 2017 has been further extended from 30.06.2018 to 30.09.2018.

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Extension of Threshold Limit for Generation of E-WayBill in case of Intra-State movement

07.06.18

The Commissioner of State Tax, after consultation with the Principal Chief Commissioner of Central Tax, Kolkata Zone, vide Notification No.13/2018-CT/GST dated 06.06.2018.

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Provisions of e-Waybill applicable from 03.06.2018

31.05.18

As per the decision taken by the Council, clause (d) of sub-rule (14) of rule 138 [for intra-state movement] of the WBGST Rules, 2017 are now made applicable w.e.f 03rd of June, 2018

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GSTR-1 to be filed before GSTR 3B

29.05.18

The last date of filing of return in Form GSTR-1 for the month of May’2018 and June’2018 is 10.06.2018 and 10.07.2018 respectively. However return for the month of April’2018 is to be filed on or before 31.05.2018.

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Extension of date for filing Form GSTR-3B for the month of April ’18

19.05.18

The Central Government on recommendation of the GST Council vide Notification No. 23/2018-Central Tax dated 18.05.2018 extended the last date for filing of return in FORM GSTR-3B for the month of April, 2018 for two days, i.e., till 22nd May, 2018.

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Waiver of late fee for FORM GSTR-3B

15.05.2018

The Central Government, on recommendations of the Council has waived the late fee for failure to furnish the return in FORM GSTR-3B from October, 2017 to April, 2018.

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Change in GST rate and imposition of Sugar Cess

05.05.2018

The GST Council, in its 27th meeting held in New Delhi on 04th of May, 2018 recommended, inter-alia, the following proposals .

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New return filing principles in GST

04.05.18

In the 27th meeting of GST Council held today at New Delhi, the Council has approved the principles for filing of new return design based on the recommendation of the Group of Ministers on IT simplification.

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States rolled out / to roll out intra-State e-way bills

25.04.18

e-Way Bill system for intra-State movement of goods for another five states / union territory to be effective from 25th April, 2018.

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Issue regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017

24.04.18

Clarification by department for requirement of e-waybill for “Bill To Ship To” model of supplies.

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States rolled out / to roll out intra-State e-way bills

20.04.18

Ministry of Finance vide its press release dated 10th April, 2018 and 18th April, 2018, has specified the dates of implementation of e-Way Bill system for intra-State movement of goods for certain states.

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Clarification with regard to filing Form GSTR- 4

18.04.18

Taxpayers who opted to pay tax under the composition levy shall have to furnish the data in serial number 4B of Table 4 of Form GSTR- 4

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E-waybill mandatory for Intrastate movement in WB from 01.06.18

13.04.18

Following rules of the WBGST Rules, 2017 relating to e-Waybills are made applicable from 01st of June, 2018 as notified by Notification No. 07/2018–C.T./GST dated 29.03.2018

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Govt sets up grievance redress mechanism for tech glitches on GST portal

05.04.18

The government on Wednesday said it had set up a grievance redressal mechanism to address difficulties faced by taxpayers due to technical glitches on the Goods and Services Tax portal.

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E-way bill mandatory for inter-state movement of goods from Sunday

31.03.18

Businesses and transporters moving goods worth over Rs 50,000 from one state to another will have to carry an electronic or e-way bill from April 1.

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Bank Audit- GST Compliance Checklist

26.03.18

Key points to check GST compliance while conducting Statutory Bank Audit for the F.Y. 2017-18.

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CBEC camps from Mar 15 to fast track GST refunds to exporters

24.03.18

To ease exporters' GST refund woes, revenue authorities will set up camps across the country for a fortnight beginning March 15, CBEC Chairperson Vanaja Sarna said.

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E-way bill roll-out from April 1; no decision on GST return simplification

15.03.18

The goods and services tax (GST) e-way bill, to track the interstate movement of consignments worth over Rs 50,000, will be rolled out on April 1, two months after the first attempt to introduce it.

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GST Council to meet today to consider simplification of return filing process

10.03.18

Amidst difficulties in complying with the return filing process under GST, the 26th GST Council meet is expected to take up simplifying tax returns and also deliberate on the status of the E-way bill that kicks in by April 1.

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Next GST Council meet on March 1, simpler return process expected to be unveiled

The next GST Council meet is expected to take place on March 1 through video-conferencing, but with a limited agenda of simplifying the return process.

India market is recovering after GST, says PepsiCo CEO Indra Nooyi

14.02.18

Chairwoman and chief executive officer (CEO) of PepsiCo, Indra Nooyi, on Tuesday said the consumer market in India was on a recovery path after initial disruptions caused due to the implementation of the goods and services tax (GST).

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Highlights of WB Budget Proposals (Tax Reforms) 2018-19

31.01.18

Hon'ble West Bengal Finance Minister, Shri Amit Mitra presented the State Budget for the year 2018-19 on 31.01.2018 i.e. today. The highlights of the West Bengal Budget Proposals (Tax Reforms) 2018-19 are:

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e-Way Bill under GST w.e.f. 1st February, 2018

31.01.18

Central Government has appointed 01.02.2018, as the date from which the new e-way bill system will commence for inter-state movement of goods.

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GST rate cut for more items, returns filing to be made simpler

19.01.18

The Goods and Services Tax Council (GST Council) on Thursday cut tax rates on 29 products and 54 services at its 25th meeting and agreed to make the process of filing tax returns simpler.

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GST e-way Bill System rolled out on trial basis

16.01.18

The Finance Ministry has rolled out the nationwide e-way Bill System for inter-state movement of goods on trial basis from Tuesday.

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Top firms get GST notices on credit claims; replies sought within hours

06.01.18

Goods and services tax (GST) officers sent notices to hundreds of companies across Gurugram, Mumbai and Bengaluru on Friday, demanding they reply with exhaustive lists of documents within hours.

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Filing of final GST returns deadline extended till Jan 10

30.12.17

The government has extended by 10 days the last date for filing of final sales return GSTR-1 till January 10 under the Goods and Services Tax, sources said.

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GST regime to stabilise in next 18 months: Niti Aayog

25.12.17

The Goods and Services Tax (GST) regime would get stabilised in the next 18 months, Niti Aayog Vice Chairman Rajiv Kumar said on Friday.

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Inter-State e-way Bill to be made compulsory from 1st of February, 2018

18.12.17

The 24th Meeting of the GST Council discussed about the implementation of e-way Bill system in the country.

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Advisory group on GST submits report, suggests changes

07.12.17

An advisory group on GST has suggested several changes in the new indirect tax regime with a view to simplifying procedures and ensuring automatic refund of taxes, said CAIT General Secretary and member of the panel Praveen Khandelwal.

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First post-GST budget likely on February 1

04.12.17

Finance Minister Arun Jaitley is likely to present India's first post-GST and the current government's last full Budget on February 1 next year.

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Exporters claim Rs 6,500 crore refund for July-October: Finance Ministry

29.11.17

Exporters have claimed refunds of Rs 6,500 crore in the first four months of GST roll out, the government said today, while asking them to file claims in proper form with matching shipping bills to facilitate early settlements.

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Special GST Session By CBEC To Address Taxpayers' Queries

25.11.17

The Central Board of Excise and Customs (CBEC) invites taxpayers to Pragati Maidan for addressing any query(s) pertaining to the filing of Goods and Services Tax (GST) return.

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GST on white goods may be cut; refrigerators, washing machines could soon be cheaper

20.11.17

Indian consumers are likely to reap another round of big benefits in the next round of GST rate rejig.

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GST Council cuts tax on 177 items such as detergents, cosmetics, chocolates to 18%

10.11.17

Dozens of items of mass consumption such as detergent, shampoo, chocolates and beauty products will become cheaper, as the panel on Goods and Services Tax (GST) decided on Friday that only so-called sin goods should be taxed the most under the new multi-rate system.

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Here's what could become cheaper after GST Council's meet tomorrow

09.11.17

The GST Council may tomorrow consider reducing items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture as it looks to provide relief to consumers.

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GST Network Rolls Out New Facility For Exporters To Claim Refunds

06.11.17

The Goods and Services Tax Network (GSTN) said on Sunday that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refunds.

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GST will further boost India's ranking in 'ease of doing business': Bankers

01.11.17

With the improvement in India's ranking in the World Bank's Ease of Doing Business report to the 100th place, bankers and experts have expressed hope that GST will strengthen the country's position in future.

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Last date to file GSTR-2, GSTR-3 for the month of July extended to November 30, December 11

30.10.17

To facilitate businesses and ease the burden of tax filing on taxpayers, the union government on Monday extended the last date for filing of GSTR-2 for the month of July to November 30, 2017.

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Reduction in GST from 18% to 12% for restaurants will make eating out more expensive: NRAI

26.10.17

Industry body National Restaurant Association of India (NRAI) has said that eating out will get more expensive if the government goes ahead with the proposal of reducing GST rates from 18% to 12% without input credit claims.

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Fee on delayed GST return filing takes taxpayers by surprise

21.10.17

Every person who has registered for GST has to file the return GSTR-3B. The Central Board of Excise and Customs (CBEC) had introduced GSTR-3B for July to December 2017, allowing assessees to provisionally calculate and pay the tax liability for each month.

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Tax evasion: Real estate coming under GST? Council to decide at Nov meet

13.10.17

Real estate is often seen as one of the worst sectors in so far as tax evasion is concerned. To address this issue, the government might soon move to bring it within the ambit of goods and services tax (GST).

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Software solutions firm hopes for more simplified GST

11.10.17

Financial software solutions firm Tally is hopeful that the GST norms would be simplified further to help small businesses file returns and claim input tax credit.

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Truckers on strike from today, demand inclusion of diesel in GST

09.10.17

All India Motor Transport Congress (AIMTC) and other transport associations today started 36-hour long strike protesting against the disruptive policies under Goods and Services Tax (GST) and demanded the inclusion of diesel in the new indirect tax's ambit.

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Govt's GST relief measures: Highlights

07.10.17

GST rate on 27 items reduced.

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GST Council meet today, MSMEs, exporters may get relief package

06.10.17

The Goods and Services Tax Council (GST Council) chaired by finance minister Arun Jaitley is likely to announce on Friday a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways to fix an unexpected slowdown in economic growth.

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GST: Centre, states to divide taxpayer base

22.09.17

The Goods and Services Tax (GST) Council has put in place an elaborate framework for division of taxpayers between the state and central tax authorities.

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Tax officials may go for searches, surveys to widen base under GST

15.09.17

In its attempt to bring more companies under the goods and services tax (GST) umbrella, the tax department is planning to conduct searches and surveys across the country, a senior tax official told ET.

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GST council to meet on Oct 24; rates of 60 items likely to be cut

13.09.17

The all-powerful GST Council headed by Finance Minister Arun Jaitley is likely to discuss reducing rates of close to 60 items in its next meeting on October 24 in New Delhi.

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GST revision only once in 3 months among key recommendations to GST Council

12.09.17

The review of GST rates once every 3 months, a convergence of tax rates to 12% and 18% — are among the new recommendations to the GST Council through a new "approach paper" prepared by the Fitment committee.

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Cabinet clears hike in GST cess to 25 per cent on mid, large size cars

31.08.17

Mid and large sized cars, luxury vehicles, hybrids as well as SUVs are likely to cost more as the Cabinet cleared the issuing of Ordinance to raise the GST cess on them to a maximum of 25 per cent, from 15 per cent at present.

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GST filing, reconciliation solution launched

25.08.17

IT Minister N. Lokesh on Thursday launched a GST filing and reconciliation solution product named ‘XaTTaX’.

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GST input tax credit form to be available from today

19.08.17

GST portal is likely to offer from today, forms to claim the credit on sales made before the rollout of GST which the taxpayers have to file by August 28, a government official said today.

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Tamil Nadu govt warns traders collecting GST for exempted goods

07.08.17

Tamil Nadu Government on Sunday warned of strong action against traders and retail outlets collecting Goods and Services Tax on goods which do not come under the ambit of GST.

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IGST collection from imports rises about 60% in just one month of GST

01.08.17

The collection of Integrated Goods and Services Tax from imports crossed Rs 20,000 crore in July — the first month of the roll out of the new indirect tax regime, pointing towards a major jump in revenues.

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GST can become a research topic on federal finances’

29.07.17

The implementation of GST can become an interesting topic for research for students of economics and social science, according to Rajiv Bhushan Tiwari, Chief Commissioner of Customs, Bengaluru Zone.

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Monthly GST returns to burden professionals

28.07.17

GST impacts almost all types of industries and professional are no exception. Until recently, professionals enjoyed the benefit of centralised service tax registration for all their offices located across India.

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Nearly a month under GST, businesses still unclear about tax rules

27.07.17

India's nationwide sales tax was meant to unify the $2-trillion economy and make it easier for companies to transact across state borders.

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GSTN portal begins invoice uploading for businesses

25.07.17

The GSTN portal has started accepting uploading of sale and purchase invoices of businesses generated post Goods and Services Tax rollout on July 1.

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Deadline for GST composition scheme extended till 16 August

22.07.17

The government on Friday extended the deadline for small businesses to opt for the composition scheme in the goods and services tax (GST) regime by nearly four weeks to 16 August.

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Telecom department will consult Finance Ministry on genuine GST problems: Manoj Sinha

18.07.17

The telecom department will look into the impact of the goods and services tax rate of 18% on mobile phone charges and may approach the finance ministry if consumers or companies face problems.

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Taxpayers have to opt for GST composition scheme by July 21

15.07.17

Small businesses with turnover of up to Rs 75 lakh have time till July 21 to opt for composition scheme under the Goods and Services Tax regime, GST Network said today.

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Commercial rental income beyond Rs 20 lakh to attract GST, says Hasmukh Adhia

11.07.17

Rental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract the levy.

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GST: Gifts by employer up to Rs 50,000 exempt

10.07.17

Gifts by an employer to her/ his employee worth up to Rs 50,000 during a year are exempt from the GST (Goods and Services Tax) ambit, the Finance Ministry said on Monday.

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GST may lead to inflation in the short run

07.07.17

The government may see a revenue loss of around Rs 1 lakh crore and some jump in inflation in the coming year due to goods and services tax (GST), Thomas Isaac, Kerala's finance minister said on Thursday.

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What is the GST impact on real estate?

05.07.17

The Goods and Services Tax or GST was rolled out on July 1 this year by President  Pranab Mukherjee and Prime Minister Narendra Modi. 

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Border commercial tax checkposts in 22 states abolished after GST rollout

04.07.17

As many as 22 states have abolished border commercial tax checkposts after the rollout of goods and services tax (GST) on July 1.

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India will always have multiple GST rates, says Finance Minister

03.07.17

As the country comes to terms with the new tax order, in an exclusive interview with ET NOW, post-GST rollout, Finance Minister Arun Jaitley says India cannot afford to have a single rate structure, though he sees a convergence of several slabs going forward.

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GST Network to begin accepting fresh registrations from June 25

24.06.17

The Goods and Services Tax Network (GSTN) portal which has so far only been accepting requests for migration from the current indirect tax regime to the GST system will now start accepting fresh registrations starting June 25.

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Retailers will file single GST return every month: Hasmukh Adhia

22.06.17

Days before the roll out of the landmark GST, the government on Wednesday sought to dispel the notion that the new tax regime will be cumbersome and compliance-heavy.

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GST Council's Official Website Goes Live, Check Details Here

21.06.17

Much-awaited nation-wide tax Goods and Services Tax (GST) will be rolled out on mid-night of June 30 and will come into force from July 1.

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Jaitley to chair 17th GST Council meeting on Sunday

17.06.17

The 17th meeting of the Goods and Services Tax Council (GSTC) will be held in national capital New Delhi on Sunday with Finance Minister Arun Jaitley in the chair.

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GST return filing: Excel sheet format to come on June 25

16.06.17

Just five days before the Goods and Services Tax (GST) is rolled out, GST Network will on June 25 launch an offline excel sheet format for use by traders and businesses to upload sales data on the GST portal.

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GST registration for businesses to reopen on June 25

15.06.17

If you have not been able to register on the GST Network within the deadline ending tomorrow.

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ClearTax launches free GST bill book software

14.06.17

To help small and medium businesses (SMEs) in the country get GST-ready, ClearTax, has launched a Bill book software.

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Centre proposes to defer e-way bill under GST citing lack of software

13.06.17

With just a few days left for GST rollout, the Centre is in favour of postponing by a few months the implementation of the e-way bill, which requires movement of good above Rs 50,000 to be to pre-registered online.

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Foodgrains, milk, veggies to be up to 5 per cent cheaper under GST

10.06.17

The government today said foodgrains, flour, milk, vegetables and fruits will get cheaper by up to 5 per cent once the Goods and Services Tax is rolled out.

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GST: PM Modi satisfied with readiness for July 1 implementation

06.06.17

Nearly sealing the goods and services tax (GST) implementation from July 1, Prime Minister Narendra Modi reviewed the preparedness.

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GST to boost growth, says World Bank

30.05.17

The economy will grow 7.2% in 2017-18 and 7.7% in 2019-2020 and implementation of the goods and services tax (GST) will provide a big boost to overall economic growth and revenues, a World Bank report said on Monday.

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Revenue department sets up Twitter handle to answer GST queries

29.05.17

With just over a month left for GST implementation, the revenue department today started a new twitter handle to answer industry queries related to the new indirect tax regime.

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Cut prices, pass GST benefits to customers, government tells telecom companies

27.05.17

The government on Friday asked phone companies to cut prices of telecom services by reigning costs to factor in the benefits of increased tax credits under GST.

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GST to allow companies in tax-free zones to claim refund

27.05.17

India is working on a new system to allow companies with units in tax-free zones to claim refund of the Goods and Services Tax (GST)

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Tax officials get battle-ready as countdown to GST begins

25.05.17

Tax officials have worked out an elaborate preparedness plan to ensure that Goods and Services Tax’s (GST) rollout does not run into unforeseen glitches.

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Rates on services will determine impact on inflation

19.05.17

The multi-tiered GST may not be inflationary as far as goods are concerned as 81% of them will be taxed at 18% or less with mass-consumption items at the lower end of the bands.

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Road to GST: Council to meet May 18-19 to finalise rates of goods, services

18.05.17

As the government inches closer towards the rollout of the country’s biggest indirect tax reform, the Goods and Services Tax (GST) Council headed by Finance Ministry Arun Jaitley is likely to finalise the rates that various goods and services will attract from July 1.

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Govt to strengthen agency under GST to check tax evasion

16.05.17

Ahead of the planned GST rollout from July 1, the government is strengthening the body responsible for detecting tax evasion and will set up two new agencies, including one for business intelligence and analytics.

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Majority of firms are still not GST-ready, reveals survey

16.05.17

With less than 50 days to the rollout of goods and services tax (GST), businesses are on edge about their preparedness.

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ITF seeks uniform rate for textiles under GST

16.05.17

The Indian Taxpreneurs Federation (ITF) has urged the State Government to ensure that textile industry gets uniform rate under Goods and Services Tax (GST).

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June 1: Registration for GST enrolment reopens

12.05.17

The revenue department on Thursday said that 60.5 lakh entities have enrolled themselves with the GSTN system and for the remaining tax payers it will reopen for 15 days from June 1.

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Decision on GST rates for commodities on May 18

11.05.17

The Goods and Services Tax (GST) Council will decide on applicable tax rates for commodities on May 18, said M Vinod Kumar, Chief Commissioner of Central Excise here.

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GST enrolment to restart in a few weeks: Fin Min

10.05.17

The process to enroll taxpayers on the Goods and Services Tax Network (GSTN) portal, which was suspended on April 30, will start again in a few weeks, the revenue department said yesterday.

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Low trader enrolment, technical glitches may delay GST launch

08.05.17

Lack of preparedness has cast a shadow on the rollout of the country's largest reform in taxation Goods and Services Tax (GST).

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Medicine prices to fall post GST

06.05.17

As the Goods and Services Tax (GST) policy is around the corner, the chemists are avoiding storing of medicines and drugs beyond one week in anticipation of any unfavourable changes likely to occur after the introduction of GST Bill.

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Haryana State Goods and Services Bill passed

04.05.17

The Haryana State Goods and Services Bill was passed unanimously by the state Assembly today.

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GST Enrolment closed from May 1; Portal to reopen at a later date for pending migration

02.05.17

Government had set 31st March as deadline to migrate which was later extended to April 30th 2017.

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Internet link issues may delay GST

29.04.17

Poor Internet connectivity is turning out to be a challenge for the rollout of the Goods and Services Tax (GST).

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14 States to pass GST Bill by mid-May

26.04.17

Fourteen state legislatures will approve their respective State Goods and Services Tax (SGST) laws by mid-May, according to Revenue Secretary Hasmukh Adhia.

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Draft GST rules seek detailed paperwork

22.04.17

The government is leaving no stone unturned to prevent GST leakage and to ensure complete cross-check of records.

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Telangana State GST Bill passed

17.04.17

The Telangana Legislature on Sunday passed a legislation aimed at broadening the tax base and resulting in better tax compliance due to robust IT infrastructure.

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CBEC suggests e-way bill for moving goods over 50,000

15.04.17

Freight worth over 50,000 will require obtaining a prior registration and generation of an e-way bill under the Goods and Services Tax (GST) regime.

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Union Territory GST bill: Goods, services set to get cheaper in Chandigarh from July 1

14.04.17

The Union Territory Goods and Services Tax (GST) Bill has got the assent of President of India. The Act is a replica of the Central GST law and is likely to take effect from July 1.

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GST bill: President Pranab Mukherjee approves four supporting legislations

13.04.17

President Pranab Mukherjee on April 13 approved four supporting legislations related to the Goods and Services Tax (GST).

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GSTN a perfect portal for data security post GST, says its CEO

12.04.17

ICEO of Goods and Services Tax Network (GSTN), Prakash Kumar on Tuesday assured industry a completely foolproof security protection of its data and tax related information with total stability and backup facility.

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Parliament passes 4 GST bills, July 1 rollout likely

07.04.17

India took a decisive step towards a possible July 1rollout of the goods and services tax (GST) with Parliament on Thurday giving nod to four related legislations that detail the provision of this single tax regime that will replace multiple state and central taxes to create one national market.

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CBEC chief wants officers to realign mindset for GST role

06.04.17

Ahead of the GST rollout on July 1, the newly-appointed CBEC chief Vanaja Sarna has called upon field officers to realign mindset to their new role as a national tax administrator with strong enforcement capability and full accountability.

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GST bill to be tabled in Rajya Sabha today

05.04.17

The much-awaited Goods and Services Tax (GST) Bill will be presented for discussion in Rajya Sabha today.

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SEZ Unit/ Developer required to take separate registration under GST

04.04.17

Under the Goods and Services Tax (GST), every person whose aggregate turnover in a financial year exceeds INR 20 lacs shall liable to be registered in the State/ Union Territory from where he makes taxable supply of goods or services or both.

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Exemption to Healthcare and Education Sector to continue under GST; Transport Sector to get Concessional Rate

03.04.17

Education, healthcare and pilgrimages will continue to be out of service tax net even under the GST regime as the Centre is against giving any shock in the first year of the rollout by bringing in new services.

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GST Enrolment deadline extended by one month to 30th April 2017 confirmed

31.03.17

As a pre-requisite to shift to Goods and Services Tax (GST) Regime, every existing tax payer is required to migrate it’s existing indirect tax registration to GST.

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GST closer to reality, Lok Sabha clears four related bills

30.03.17

The Lok Sabha cleared four bills related to the Goods and Services Tax (GST) on Wednesday.

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Jaitley introduces four GST bills in Lok Sabha

27.03.2017

Honorable Union Finance Minister Arun Jaitley on Monday introduced the Central Goods and Services Tax (CGST) Bill, 2017, along with three other GST bills in the Lok Sabha.

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Arun Jaitley approves re-organisation of CBEC for GST roll out; to be called CBIC and have 21 Zones and 101 Commissionerates

27.03.17

Goods and Services Tax (GST) is slated to unify good and services under one tax.

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States likely to object to centralised GST registration for bank services: sources

25.03.17

Even though Finance Minister Arun Jaitley has initiated the discussion on centralised GST registration for the services sector.

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GST Bill to be tabled in Lok Sabha on Friday

24.03.17

The Goods and Services Tax (GST) Bill will be tabled in the Lok Sabha on Friday.

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GST may also impact income tax collections: Experts

22.03.17

Even as the government pushes ahead with implementing goods and services tax (GST) there could be an unintended implication increase in the income tax collections, say industry experts.

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GST rollout from July 1: Cabinet clears the decks by okaying 4 draft Bills

21.03.17

Clearing the way for a July 1 roll-out, the Union Cabinet on Monday approved four Bills on a national goods and services tax (GST).

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I want entire country to discuss, understand GST, says Narendra Modi

20.03.17

As the Goods and Services Tax (GST) system heads for a July 1 rollout, Prime Minister Narendra Modi on Saturday said people should make efforts to discuss and understand the new indirect tax regime.

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GST closer to July 1 rollout: 5 draft Bills cleared, demerit goods cess capped at 15%

17.03.17

The GST Council chaired by Union Finance Minister Arun Jaitley on Thursday approved the drafts of the remaining two key laws namely State GST and Union Territories GST.

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GST Council to take up State and UT Bills today

16.03.17

With the expected July 1 rollout of the Goods and Services Tax (GST) regime drawing closer, the GST Council, led by Finance Minister Arun Jaitley, will meet on Thursday to finalise two Bills the State and the Union Territory GST Bills.

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CBEC Issues Clarification on Finalization of Rates under GST

14.03.17

Central Board of Excise and Customs (CBEC) has issued a clarification via it’s twitter handle on finalization of product and service specific rates.

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Treat us like banks on GST, says telecom sector

11.03.17

The telecom sector's woes are expected to accelerate once the Goods and Services Tax is implemented in July.

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Select farm goods to be taxed under revamped GST

10.03.17

India has incorporated a new definition of 'agriculturalist' in the goods and services tax law to enable select farm items to be brought under the tax net nationwide.

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Exempt special economic zones from GST levies: EPCES

09.03.17

The Export Promotion Council for EOUs and SEZs (EPCES) urged the government to exempt special economic zones from Goods and Services Tax (GST) levies.

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GST set to complicate operations for banks

08.03.17

Many banks and financial institutions may be in for a lot of trouble as they could just see the complexity in paying taxes increase under the incoming goods and services tax (GST).

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Small biz not ready for GST, delay roll out till September: CAIT

06.03.17

Traders association Confederation of All India Traders (CAIT) made a case for delaying the roll out of Goods and Services Tax (GST) regime to September 1 as small businesses are not yet prepared for it.

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GST council clears CGST and IGST laws

06.03.17

The goods and services tax (GST) council at a meeting on Saturday broadly agreed on the contours of two key legislations—central GST (CGST) and integrated GST (IGST)—but a final approval is likely only by mid-March.

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Most companies may be struggling with GST

04.03.17

For the first time the government seems to be prepared for goods and services tax (GST) but the corporate world seems to be grappling with the regulation, people in the know said.

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SAP launches 'GST in a Box' to help SMEs

02.03.17

German software company SAP SE on Wednesday launched 'GST in a Box' - an all inclusive solution portfolio to help the Indian firms become GST compliant.

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For business to be GST-ready by July, rates must be announced by early March

01.03.17

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Plea to bring gas under GST

28.02.17

GAIL (India) wants natural gas to be brought under the ambit of goods and services tax (GST) as this will provide a boost to the government's intent to increase the contribution of gas in the country's energy mix to 15 per cent in another five years.

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Setback for GST: Need for e-permit to be flashed at inter-state borders

25.02.17

The revolution of the proposed goods and services tax (GST) would be hobbled by the need for an e-permit to be flashed at inter-state borders as the states insisted the old analogue practises continue. 

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GST will increase tax revenue: Official

25.02.17

The Central Excise Day is celebrated every year on February 24.

Many officers feel that the change of the nomenclature ‘Central Excise’ is on the anvil and the Central Board of Central Excise may soon be replaced by Central Board of Goods and Services Tax.

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Goods and Service Tax mobile app launched

23.02.17

In step with the Government’s Digital India initiative, the Central Board of Excise and Customs (CBEC) has launched a mobile application for Goods and Services Tax (GST).

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GST Council needs to re-work its priorities: Manish Sisodia

22.02.17

If the Good & Services Tax (GST) Bill is introduced without exhaustive planning, it could turn into a disaster, warns Manish Sisodia, Deputy CM of Delhi and a member of the GST Council.

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What’s the real GST?

21.02.17

In the long run-up to introducing GST, the Government was so focused on State governments and negotiating their claims for compensation that it appeared to have missed the fact that India has seven Union Territories that also need to come on board.

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#Exclusive GST Council Meet Update

18.02.17

Anti-profiteering clause cleared. Draft Compensation Bill, SGST, IGST,CGST Cleared.
 

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Ahead Of GST Meet, Demand To Tax Tobacco Products, Bidis At High Rates

17.02.17

Ahead of a crucial GST Council meeting, various health groups have strongly recommended that tobacco products, including bidis, should be taxed at uniformly high rates under the new indirect tax framework.

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Non-life insurance sector looks for lower GST rates

16.02.17

The non-life insurance industry is looking for centralised registration facility and comparatively lower rates for a smooth implementation of GST.

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GST Council to discuss anti-profiteering clause at February 18 meet

15.02.17

A critical anti-profiteering clause in the draft Goods and Services Tax law to ensure that the benefit of lower taxes gets shared with consumers is likely to be finalised at the 10th meeting of the all-powerful GST Council this weekend.

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4-tier GST rate may lead to classification disputes

14.02.17

The four-tier GST rate structure will open up floodgates of classification disputes with tendency among businesses to demand lower rate for their goods or services, says a research paper.

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Chidambaram asks Jaitley to cut indirect taxes immediately

13.02.17

Former finance minister P Chidambaram says the government should immediately cut indirect taxes across the board to revive the sagging economy.

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Merchants moot 1.25% tax for gold under GST

13.02.17

The Kerala jewellers' association coordination committee has urged the state government to demand the GST (Goods and Service Taxes) council to fix the tax for gold at 1.25% when new GST regime is ushered in.

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Govt may rework indirect tax maths mid-way after GST entry

13.02.17

The government may have to recalibrate its budgetary tax collection estimate half-way after the goods and services tax (GST) comes into effect from July.

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GSTN Releases Returns and Payments Prototype

13.02.17

GSTN has created prototype for various return forms, payment challan etc to give an idea about look and feel of ‘Return’ & ‘Payment’ Modules and the flows there-in.

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No room for GST to get delayed beyond September 15: Arun Jaitley

11.02.2017

Union Finance Minister Arun Jaitley has said that he was not worried by the amount of time taken by the RBI in computing returned currency.

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Biscuit manufacturers seek exemption under GST

10.02.17

The Rs 36,000 crore Indian biscuit industry has urged the government to waive low price high nutrition (LPHN) biscuits priced under maximum retail price Rs 100 per kg from Good & Services Tax (GST).

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GST to create Rs 36,000 crore software market in MSME segment

10.02.17

GST expected to be rolled out from September this year, there is a scramble among the software providers to have a bigger pie of the MSME segment whose invoicing and tax compliance IT requirements are estimated to create a Rs 36000 crore market.

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CAIT to train 5,000 traders as 'Master Trainers' for GST

09.02.2017

The Confederation of All India Traders (CAIT) today said it will prepare 5,000 trade leaders across the Country as 'Master Trainers', who will be responsible to empower and educate the trading community about Goods and Services Tax (GST).

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Model GST law to be finalised by this month end: CBEC Member

08.02.2017

Model GST law, which is currently being vetted by the law department, is expected to be finalised by this month end, said a senior finance ministry official.

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Finance ministry warns employees of action for criticizing govt policies

07.02.17

The finance ministry has warned employees of disciplinary action if they criticize the government or its policies.

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Revenue Department prepares draft recommendations for GST rates: Report

06.02.17

The Revenue Department has prepared draft recommendations for GST rates on services. 

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Hope to take GST legislations to Parliament this session: FM Arun Jaitley

04.02.2017

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.

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GST migration Seva Kendra opened

03.02.17

A facilitation centre that would provide assistance in uploading the required documents for registration under the upcoming Goods and Services Tax (GST) regime opened in Hyderabad.

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Will reach out to industry on GST awareness from April 1: Arun Jaitley

02.02.17

The government will reach out to the industry from April 1 to make them aware of the new tax regime the Goods and Services Tax (GST).

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GST HSN Tariff

31.01.17

GST HSN Tariff has been issued. The same has been attached in the following link.

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Services in India need differential GST rates

30.01.17

At present, the effective rate of service tax is 15% including cesses and this rate is uniformly applied on all services, except a few which are taxed on a lower value through an abatement mechanism.

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70,000 tax officials warn of non-cooperation movement opposing gst council

27.01.17

Indirect tax officials associations have decided to start non-cooperation movement in bid to raise voice against decisions taken by GST Council.

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Power ministry seeks relief for renewable energy from GST impact

24.01.17

The Union power ministry has told the influential GST Council chaired by finance minister Arun Jaitley that implementing GST in its current form could push up power generation cost

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Certain GST Council decisions illegal: tax officials claim

23.01.17

Claiming that demonetization has affected the country's growth, a major central revenue body has asked FM Arun Jaitley not to implement GST in a hurry and threatened to take legal recourse in case their concerns are not addressed.

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Supreme Court dismisses petition seeking postponement of union budget ahead of State polls

23.01.17

The Supreme Court today dismissed a petition which sought postponement of the Union Budget from February 1 on the grounds of upcoming Assembly elections in five states.

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Retailers seek early implementation of GST

20.01.17

Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to USD 1.3 trillion by 2020, its CEO Kumar Rajagopalan said.

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CAG wants provision in GST law to seek any info for audit

18.01.17

CAG has demanded explicit provision in the law to empower the official auditor to call for any information for audit of Goods and Service Tax (GST) receipts and utilisation of their funds.

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GST won’t make CBEC redundant as it will still control up to 1.5 million taxpayers

18.01.17

New administrative control between the Centre and the States under GST will ensure that around 1.4-1.5 million taxpayers remain under the purview of the Central Board of Excise and Customs (CBEC) in the new indirect tax regime.

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Bid to end the fear of jail time under GST regime

18.01.17

The provisions of arrest is proposed to get diluted under the goods and services tax regime to ensure there is no ‘raid raj’ under the new tax regime.

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Budget 2017: FM may hike service tax from 15% to close gap with 18% GST rate

17.01.17

The Centre and states have agreed to rollout GST from July 1, 2017 after which most services will turn costlier.

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Headway on dual control

17.01.17

90 per cent of tax assessees below the annual turnover threshold of Rs 1.5 crore will be under the control of states and the remaining 10 per cent will be under the Centre’s jurisdiction.

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July 1 more realistic deadline for GST: Arun Jaitley

16.01.17

Finance Minister Arun Jailtey led GST council, on Monday, again failed to achieve consensus on contentious dual control or cross empowerment issue that deals with assessee jurisdiction, deferring target for its roll-out to July 1.

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Centre, state governments work on formula for 'GST on high seas'

16.01.17

The Centre and states are looking at a formula to sort out the row over levying goods and services tax on the high seas by letting the government to collect tax and pass it on to the states.

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GST rollout uncertainty hits Budget 2017 calculations

14.01.17

GST rollout is posing a dilemma for finance mandarins as there is an uncertainty over the date of rollout.

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GST plus digital will make economy cleaner, bigger.

13.01.17

A push towards digital transactions brought in by demonetisation and GST would lead to a higher number of transactions covered under the banking system.

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April 1 still the target for GST: FM

12.01.17

Union Finance minister Arun Jaitley said the government was committed to implementing the GST from April 1 this year and stressed that all contentious issues over which the Centre and the states are on disagreement will be resolved in the next few weeks.

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Centre mulls hike in service tax rate if GST rollout is delayed

11.01.17

The Centre could consider increasing the service tax rate in the coming Budget as a fallback option in case the rollout of the Goods and Services Tax (GST) is delayed beyond April 1.

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GST network extends taxpayer enrolment date to end of January

10.01.17

The process of migration of more than 8 million taxpayers to the GST network started in November, with a phased enrolment plan for each state.

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Clarity on PMAY, GST top Budget 2017 wish list

10.01.17

Union Budget is likely to be presented on 1st February. Stakeholders in Real Estate sector seeks a clarity in the GST Law structure announced recently

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Govt committed to introducing GST between April 1 to Sept 16

09.01.17

The Government is committed to introducing Goods and Services Tax (GST) between April 1 and September 16.

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GST: No accord on dual control

05.01.17

After the conclusion of the eighth meeting of the GST Council, the critical issue of dual control is still a major roadblock in finalisation of the GST Bills, as no consensus could be reached on the issue.

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Migration to GST for assesses registered in Central Excise and Service Tax

04.01.17

Migration to GST for assessee registered in Central Excise shall start from 05th January 2017 and for assesses registered with Service Tax shall start from 9th January 2017.

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April 1 rollout of GST looks difficult: States

04.01.17

The issue of administrative control over businesses still remained untouched. The Council discussed the draft Integrated GST Bill and also heard out sectoral presentations of the impact of the indirect tax levy.

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GST Rollout likely in June

03.01.17

The rollout of GST may get delayed by two or three months. There are expectations that the GST legislation will introduce it in the first half of the budget session and the government will seek to get it passed after the recess.

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GST Council approves the Draft of the Revised Model GST Law published on 26.11.2016 on CGST & SGST

22.12.16

The GST Council will begin its two-day meeting today to consider the model GST laws and iron out differences on the vexed issue of jurisdiction over assessees in the new indirect tax regime.

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