GST Sectoral Guidelines on TEXTILES from CBEC M/o Finance issued on 18.7.2017

Extension of time limit for filing intimation for composition levy under sub-rule (1) of rule 3 of the CGST Rules, 2017

In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017, the Board hereby extends the period for filing an intimation in FORM GST CMP-01 under sub-rule (1) of rule (3) of the Central Goods and Services Tax Rules, 2017 upto 16th August, 2017. Read the rest of this entry »

Tweets received by askGST_GoI and developed into a short FAQ

The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. Read the rest of this entry »

Number of HSN digits required on tax invoice

G.S.R. …..(E).— In pursuance of the first proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Central Board of Excise and Customs, on the recommendations of the Council, hereby notifies that a registered person having annual turnover in the preceding financial year as specified in column (2) of the Table below shall mention the digits of Harmonised System of Nomenclature (HSN) Codes, as specified in the corresponding entry in
column (3) of the said Table, in a tax invoice issued by him under the said rules Read the rest of this entry »

CGST exemption from reverse charge upto Rs.5000 per day under section 11 (1)

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017): Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.
2. This notification shall come into force with effect from the 1st day of July, 2017.  Read the rest of this entry »

Services under Reverse Charge mechanism under GST

The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%(for schedule wise rates of services click here). The list of services that will be under reverse charge as approved by the GST Council is given in the link below: Read the rest of this entry »

Schedule wise rates of GST for services.

The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% .

Click on the link below for the entire list of schedule wise rates of different services  under  GST  regime:

Read the rest of this entry »

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