Kerala Impose Disaster Cess

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Key Points of 32nd GST Council Meeting

Organizations engaged in supply of goods get relaxation from GST Registration. The existing threshold limit of Rs. 20 lakhs for obtaining the GST registration and levy of GST has been increased to Rs. 40 lakhs. The G [Read More..]

No choice for assessees to opt for particular tax administration under GST

The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of [Read More..]

GST Council extends tax exemptions for exporters upto October 1, 2018

The GST Council in its 26 meeting decided to extend the available tax exemptions on imported goods for a further 6 months beyond 31.03.2018. Thus, exporters presently availing various export promotion schemes can now c [Read More..]

E-way bill relief for now to E-commerce & courier firms

Small orders that are part of a large consignment of multiple deliveries will not require generation of an electronic-way bill from April 1. A relief to e-commerce, courier companies and the like. Only, this relaxation [Read More..]

The Competition Commission of India (CCI) imposes penalties upon Jet Airways, InterGlobe Aviation & Spice Jet.

The Competition Commission of India (CCI) imposes penalties upon three Airlines for concerted action in fixing and revising fuel surcharge (FSC) on cargo transport. The Competition Commission of India (CCI) has im [Read More..]

Cabinet Approves Fugitive Economic Offenders Bill, 2018

Cabinet Approves Fugitive Economic Offenders Bill,2018 The Union Cabinet chaired by Prime Minister Shri Narendra Modi, has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offender [Read More..]

27-07-2017 -MCA amends norms for shifting of registered office under Companies Act, 2013

he MCA has issued notification on 27th July, 2017 amending Companies (Incorporation) Rules, 2014, Amendments have been made with respect to: Rule 28 - Shifting of registered office within same state but from one ROC to a [Read More..]

29-07-2017 – BRICS’ heads of revenue sign tax co-operation pact; hail India’s GST move

Heads of revenue of BRICS nations have signed a pact to identify areas of cooperation in tax matters among members of the group, and hailed India's indirect tax reform GST, finance ministry said on Friday. The meeting o [Read More..]

29-07-2017 – Scope exists for consolidating GST rates: former Bengal FM Asim Dasgupta

Former West Bengal Finance Minister Asim Dasgupta, who chaired the Empowered Committee of State Finance Ministers that prepared the first draft of the Goods and Services Tax (GST) framework in 2009, says there is "scope [Read More..]

29-07-2017 – Online petition demands roll back of GST on Kashmir handicrafts

Member of committee of administration, J&K region at Carpet Export Promotion Council ( CEPC) and a leading exporter Sheikh Ashiq has filed an online petition demanding roll back of Goods and Services Tax (GST) imposed on [Read More..]

28-07-2017 – GST will boost the insurance sector’s fortunes

The new nationwide goods and services tax (GST) to be rolled out from July 1 will create one of the world's biggest single markets. This makes GST, the biggest indirect tax reform since independence, stand out as a big d [Read More..]

27-07-2017 – GST: Global FMCG heads back reform, talk of short blip

India's goods and services tax (GST) has a found mention in the quarterly earnings calls and statements of global chiefs of nearly half a dozen consumer goods MNCs, as they cited the disruption caused by the transition t [Read More..]

27-07-2017 – Integrated Tax

Sections in force-Notification No. 3/2017 The Central Government has notified that provisions of sections 4 to 13, 16 to 19, 21, 23 to 25 of The Integrated Goods and Service Tax Act, 2017 shall come into force from 1s [Read More..]

27-07-2017 -HSN Codes-Notification 12/2017

Every registered person with turnover more than 1.5 crores must mention the HSN Codes in each and every invoice. However, the numbers of digits to be mentioned in the Invoice depends on the annual turnover in the prec [Read More..]