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Posted Date : 08-Nov-2016 , 01:53:14 pm | Posted By CASANSAAR
The Govt has launched GST portal (www.gst.gov.in). The state wise schedule for GST Registration is hosted on the website. Government has launched GST Portal (i.e., www.gst.gov.in) for the enrollment of existing taxpayers of VAT, Service Tax and Excise for smooth transition to GST. Exis...
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Posted Date : 04-Nov-2016 , 10:32:56 pm | Posted By CASANSAAR
The government says Goods and Service Tax Council meeting remained inconclusive on cross empowerment or dual control issue. Addressing a press conference in New Delhi at the end of two day meeting of the council, Finance Minister Arun Jaitley said, state Finance Ministers will meet on 20th ...
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Posted Date : 03-Nov-2016 , 10:04:58 pm | Posted By CASANSAAR
A four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess, was decided by the all- powerful GST Council on Thursday. With a view to keeping inflation under check, essential ...
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Posted Date : 03-Nov-2016 , 08:31:47 am | Posted By CASANSAAR
With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial 2-day meeting today to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees. At the meeting, to be chaired by Finance Minister Arun Jaitley...
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Posted Date : 31-Oct-2016 , 04:28:39 pm | Posted By CASANSAAR
GSTN, the company that is building the world's biggest and most complex tax system, will borrow Rs 800 crore from banks to fund infrastructure costs to support Goods and Services Tax rollout from April 1 next year. The Goods and Services Tax Network (GSTN), a not-for-profit, non-government, p...
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Posted Date : 25-Oct-2016 , 08:13:47 am | Posted By CASANSAAR
As many as 80 lakh assessees of excise as well as service tax and VAT can start migrating their registration to the Goods and Service Tax Network portal by November 8, GSTN Chief Executive Prakash Kumar said. “On this date (November 8), we are releasing enrolments. This means getting these ...
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Posted Date : 24-Oct-2016 , 09:19:58 am | Posted By CASANSAAR
Introduction of Goods and Services Tax (GST) is a challenge and opportunity for the chartered accountants, according to M Venkaiah Naidu, Minister of Urban Development, Housing & Urban Poverty Alleviation and Information & Broadcasting. He was speaking at the inaugural session of the ICAI...
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Posted Date : 20-Oct-2016 , 08:01:21 am | Posted By CASANSAAR
Centre and states failed to decide the tax rate under the new GST regime even though they "converged towards a consensus" on levying a cess in addition to the highest rate of tax on luxury and sin goods. There were differences on the issue of dual control with states demanding control o...
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Posted Date : 19-Oct-2016 , 08:11:35 am | Posted By CASANSAAR
On Day 1 of the three-day meeting of the goods and services tax (GST) Council, Finance Minister Arun Jaitley said five different rate structures were presented. At the same meeting, the central government proposed a four-rate structure with two standard rates of 12% and 18% and 6% for essential g...
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Posted Date : 19-Oct-2016 , 07:40:17 am | Posted By CASANSAAR
The Goods and Services Tax Council in its meeting reached at a consensus on the way the States would be compensated for any loss of revenue after implementation of the new indirect tax regime, GST from 1st of April next year. Talking to reporters after first-day of the three-day deliberations in ...
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Posted Date : 14-Oct-2016 , 09:10:21 am | Posted By CASANSAAR
The Centre on Thursday decided to advance the Winter Session by a week to enable the government to roll out the Goods and Services Tax regime from April 1 next year. The Cabinet Committee on Parliamentary Affairs decided to recommend to President Pranab Mukherjee to summon both the Houses of Parl...
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Posted Date : 09-Oct-2016 , 08:35:29 pm | Posted By CASANSAAR
The Commerce Ministry has suggested to its finance counterpart that the exemptions given to exporters should continue under the new indirect tax regime, GST. The proposed procedure of paying taxes and then claiming the refunds by exporters under the Goods and Services Tax (GST) would cause hardships...
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Posted Date : 08-Oct-2016 , 11:10:11 am | Posted By CASANSAAR
With the deadline for the Goods and Services Tax (GST) regime roll-out less than six months away, the government has decided to utilise the services of professional training institutes for imparting training to trade bodies and other stakeholders, it was announced on Friday. "As GST is propo...
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Posted Date : 05-Oct-2016 , 10:49:13 pm | Posted By CASANSAAR
States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year. With the Centre moving on to the fast track to meet the April 2017 deadline, the Punjab government has initiated the pr...
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Posted Date : 05-Oct-2016 , 10:33:26 pm | Posted By CASANSAAR
An association representing nearly 15,000 central excise and customs officials today said it will launch a nation-wide protest and go on a mass casual leave on 'budget day' if its various demands related to implementation of Goods and Service Tax (GST) are not addressed. The All India Ass...
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Posted Date : 05-Oct-2016 , 07:59:34 am | Posted By CASANSAAR
The government is likely to overhaul the central board of excise and customs’ (CBEC) organisational structure to administer the Central GST (CGST) and Integrated-GST (IGST) from April 1, the appointed date for rolling out the goods and service tax (GST) regime. Under the CBEC, it is propose...
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Posted Date : 04-Oct-2016 , 09:00:40 pm | Posted By CASANSAAR
The implementation of the much awaited Goods and Services tax could produce a short-lived pass-through to the inflation trajectory the Reserve Bank of India has said in its Monetary Policy Report. It also said that a 18% GST rate would not have any material impact on CPI inflation. "Wh...
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Posted Date : 30-Sep-2016 , 10:37:31 pm | Posted By CASANSAAR
In signs of fracture, the Centre and states today disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime. The second meeting of the all-powerful GST Council, headed by F...
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Posted Date : 30-Sep-2016 , 03:06:58 pm | Posted By CASANSAAR
GST Council at its meeting today will finalise the rules regarding registration, refunds and payment and also take a view on exemption of goods under the upcoming Goods and Services Tax (GST) regime. To be chaired by Union Finance Minister Arun Jaitley, the Council will also deliberate on a...
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Posted Date : 30-Sep-2016 , 03:06:03 pm | Posted By CASANSAAR
Project Saksham, a new indirect tax network of the Central Board of Excise and Customs (CBEC), has been approved by the Cabinet Committee on Economic Affairs (CCEA) on Wednesday. The total cost of the project is estimated to be Rs 2,256 crore, which will be incurred over seven years. This would h...
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Posted Date : 30-Sep-2016 , 03:04:26 pm | Posted By CASANSAAR
On September 26, 2016 the CBEC had notified draft Rules and Forms under GST relating to registration, invoice and payments. Now the Govt. has notified draft Rules/Forms for GST returns and refunds along with the formats of Audit Report (Form GST 9A) and ITC Mismatch Report (GST ITC-1A/ITC-1B...
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Posted Date : 30-Sep-2016 , 03:03:41 pm | Posted By CASANSAAR
Businesses have to file at least three monthly returns and one annual return for each state, if draft rules proposed by the indirect tax department are introduced under the goods and services tax (GST) regime. The Central Board of Excise and Customs (CBEC) on Tuesday came out with one more set of...
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Posted Date : 30-Sep-2016 , 03:03:04 pm | Posted By CASANSAAR
The Central Board of Excise and Customs, CBEC has come out with three draft rules for registration, invoice and payments under Goods and Services Tax, GST. The draft rules were unveiled in less than a week after the first meeting of the GST Council.The Board has invited comments on the rules by Wedn...
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Posted Date : 30-Sep-2016 , 03:01:29 pm | Posted By CASANSAAR
The Goods and Services Tax Council, in its second day of meeting, has struck political consensus on the GST threshold limit. Finance Minister Arun Jaitley addressing the media after the meet said the threshold limit has been set at Rs 20 lakh. For North-Eastern and other small states, the li...
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Posted Date : 23-Sep-2016 , 08:06:40 am | Posted By CASANSAAR
The GST Council, which met for the first time on Thursday, failed to arrive at a consensus on the contentious issue of exemption threshold for applicability of the new unified indirect tax – goods and services tax (GST). The meeting, which was chaired by Union finance minister Arun Jaitley, wi...
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Posted Date : 21-Sep-2016 , 08:11:36 am | Posted By CASANSAAR
The Centre is keen to look into the composition of Goods and Services Tax (GST) council secretariat to ensure postings of Indian Revenue Service (IRS) officers in its key positions, an association representing them said in New Delhi. The development comes after a delegation of IRS officers associati...
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Posted Date : 20-Sep-2016 , 08:46:37 am | Posted By CASANSAAR
A high-level meeting chaired by finance minister Arun Jaitley last week decided to set up a 'war room' in the finance ministry comprising of top officials of the Revenue department and the Central Board of Excise and Customs for day-to-day monitoring of the implementation of GST The FM...
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Posted Date : 20-Sep-2016 , 08:25:41 am | Posted By CASANSAAR
The Centre on Monday said its recent notifications, setting up the GST Council and putting into immediate effect 19 sections of the Constitutional Amendment Act for Goods and Services Tax, do not bar it from levying excise duty on goods other than petroleum and tobacco. It wasn’t clear whether...
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Posted Date : 19-Sep-2016 , 11:08:31 pm | Posted By CASANSAAR
The composition of Goods and Services Tax Network (GSTN), a private company tasked to create Information Technology infrastructure for GST, is under examination to give to the Centre majority stake in it. The government of India presently has 24.5 per cent stake in GSTN while state governments to...
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Posted Date : 19-Sep-2016 , 11:04:33 pm | Posted By CASANSAAR
Cabinet Secretary P K Sinha on September 17 said that government is working hard to implement the Good and Services Tax from 1st of April next year. Mr Sinha was speaking at the Chief Secretaries' Conclave organised by industry chamber PHD in New Delhi. Terming the GST as a game changer...
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Get Gst news for gst tax,hst return,gst refund etc on casansaar in india even offers goods and services tax ,credit,number,cheques,rebate news details.
