Category: GST Updates

Dear Professional friends, The GST Council on 19th May, 2017 has finalised tax rates for Services. Those services already exempted

Dear CMA Friends   As you may kindly be aware that GST Council has broadly approved GST rates for goods

The Central Government has released Revised Draft GST Law along with Draft GST Compensation Law. The same has been put

Revised Model of GST Law-Nov 2016 1. Definitions · Capital Goods-Earlier draft model law had borrowed the definition of capital

1) Exclusion Of Securities – Government has now specifically excluded securities from the definition of ‘goods’ under Section 2(49) and

GST REGISTRATION STARTED Retailers below 20 lac turnover, are at present not required to register. Above 20 Lacs turnover, registration

This section provides for the following: 1. Methodology or mode of payment of tax, interest, penalty, fee or any other

World over Real Estate is not subject to Goods and Services Tax. It should not be in India also because

What information should be readily available with me before I begin to enroll with GST? ? Before enrolling with GST

The attendees at the GST council meeting today have failed to come up with a foolproof formula for determining the

  1. GST council in its meeting today has agreed on the rate structure. 2. A four tier rate structure

The IMC had organized an interactive meeting with Mr. Upendra Gupta, Commissioner, GST Policy Wing, Ministry of Finance on ‘GST’

Outcome of  GST Meeting GST Council agreeing on a formula Today to compensate states in case of a revenue loss