The 18th GST Council Meeting was held a couple of hours before the mega launch of GST and made some important announcements, providing huge relief to the farmers. The meeting called to grant a vote of thanks without any formal agenda took up the cause of the farmers and reduced the reduced the tax rate
The most talked, the most tweeted, the ever trending topic from the galleries of Dalal Street to the Houses of Parliament, from the tea gardens of East to the coffee plantations of South, GST is here to kick-start its journey. It is now few hours left for the historic GST to be launched in a
Next one week GST will be ruling the trends on news, views, and analysis. A noise similar to the one that was heard during the days of demonetization can be felt once again with a positive tone, as the nation approaches the morning of “ONE TAX”. All kinds of adjectives from biggest to greatest and
Central Tax Notifications: Notification No. & Date of Issue Subject 13/2017-Central Tax,dt. 28-06-2017 Seeks to prescribe rate of interest under CGST Act, 2017 12/2017-Central Tax,dt. 28-06-2017 Seeks to notify the number of HSN digits required on tax invoice 11/2017-Central Tax,dt. 28-06-2017 Seeks to amend Notification no 6/2017-Central Tax dt 19.06.2017 10/2017-Central Tax,dt. 28-06-2017 Seeks to
A number of related changes have also been made for the swift roll-out of the GST reform. The government is making all efforts to make GST implementation hustle free and smooth. As one of the measures in the same sequence, a number of cesses that were earlier prevalent earlier have been abolished by the government.
The rumors and myths regarding the extension of GST implementation schedule do not hold good at this stage as the government is all set to roll out the new indirect tax regime from 1-July-2017. The 17th GST Council Meeting that concluded on 18-June-2017 came out with a number of major decisions. A welcome decision taken
Starting from roots – History History always plays an important role in shaping the present. At the time of implementation of VAT in India, there was a situation where the industries parked gains accrued to them on account of implementation of VAT and maintained a high price of goods. A system that was implemented with
The D-day in the history of Indian indirect tax regime is less than a week away now and ahead of it, all the business players have started giving mega discounts to clear off their inventory before starting their new innings with GST. Not only the retailers at the physical market but even the e-commerce traders
Every coin has two sides and so is with GST. There are both positives and negatives of the new GST system that will turn around the indirect tax system in India. India is a latecomer in the league of GST system as the Goods and Service Tax is already prevalent in 150 countries across the
