Currently Browsing: INDIA GST

GST on salary

Services from headquarter to other states will be part of supply, will be 18% GST on salary

New Delhi. The headquarter of a company will be 18 percent GST on salary given to its branch office located in the second state, to provide service like accounting, IT and human resources. According to the order issued by the Karnataka Bench of Advance Ruling Authority (AAR), such activities would be considered as supplies under […]

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due dates for filing

Govt made amendment in due dates for filing GST from July 2018 to March 2019

New Delhi: The Govt made amendment in due dates for filing of final Goods and Service Tax (GST) sales return Forms GSTR-1 by businesses with turnover more than ₹1.5 crore to the 11th day of the succeeding month. Now, such businesses are required to file GSTR-1 or final sales return of a succeeding month by the […]

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GST Rates will goes down

GST Rates will goes down on more items if revenue increases: said Piyush Goyal

NEW DELHI: Union Minister on Thursday said the GST rates will goes down on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalises. Temporary Piyush Goyal is handling the finance ministry till Arun Jaitley recuperates from a kidney surgery.Goyal was answering of a […]

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suspension of RCM

GST: Govt extends suspension of RCM till next one year

The suspension of RCM would now be valid till September 30, 2019, the Central Board of Indirect Taxes and Customs (CBIC) has announced. NEW DELHI, In a business-friendly move, the govt has extended the suspension of RCM on purchase of services or goods by registered dealers from unregistered dealers within the state till September 30, […]

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GST cash backs on digital payments

States have to pass GST cash backs on digital payments

The next meeting of the GST Council will be held on Sept 28-29 in Goa. NEW DELHI: The GST Council on Saturday cleared a proposal to offer GST cash backs on digital payments on trial basis to promote digital payments through BHIM app, Rupay cards and UPI system to promote cashless transactions in rural and semi-urban […]

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GST Council may merge 12 and 18 percent slabs

GST Council may merge 12 and 18 percent slabs with 14-15%: Sushil Modi

The GST Council may merge 12 and 18 percent slabs with 14-15% one, said Bihar Deputy Chief Minister Sushil Modi on Thursday. The GST council meeting will focus all aspects of GST, with a focus on laws, simplification of policy, reducing compliance burden and technology-related issues impacting the MSME sector. During a seminar on the GST, organised […]

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28% GST Rate being gradually out

28% GST Rate being gradually out: Jaitley

NEW DELHI: Union minister Arun Jaitley said in a blog post on yesterday that the 28% GST Rate being gradually out over goods under the goods and services tax (GST) and the bracket currently covers mostly luxury items or sin goods.

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GST Rates impacts

How GST Rates impacts on items prices

The 28th GST Council meeting which held in New Delhi has concluded with decision to cut rates on several general-used goods like TV, washing machines and refrigerators.

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quarterly gst returns

Now small businesses will have to upload one quarterly gst returns

New Delhi. GST Council on Saturday gave great relief to small businessmen on GST. Now, traders with annual turnover of up to Rs 5 crores will not have to file Monthly GST returns. Instead, they will be able to file quarterly GST returns. About 93 percent of the country’s small businessmen will benefit from this […]

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GST Council Meeting

28th GST Council Meeting Updates-Quick View

New Delhi: The GST Council committee has announced all the decisions taken in the 28th GST council meeting which are very significant issues of the GST.

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