Notification on scheme of Budgetary Support under GST regime

Notification on scheme of Budgetary Support under GST regime

Notification issued by Dept. of Industrial Policy and Promotion w.r.t. scheme of Budgetary Support under GST regime.   Overview of the Scheme The Scheme of Budgetary Support under Goods and Service Tax regime (‘Scheme’) has been introduced to compensate the units located in State of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States […]

GST package for Small Units – recommendations made by the GST Council

PRESS RELEASE 6th October, 2017 Recommendations made by the GST Council in the 22nd meeting at New Delhi on 6th October, 2017 GST package for Small Units The GST Council, in its 22nd meeting held at New Delhi on 6th October 2017, has recommended the following facilitative changes to ease the burden of compliance on […]

Reduction in rate of GST for various goods

Reduction in rate of GST for various goods, and amendment relating to branded food items Notification Nos. 27 and 28/2017-Central Tax (Rate), 27 and 28/2017-Integrated Tax (Rate) and 27 and 28/2017-Union Territory Tax (Rate) have been issued on 22-9-2017 to amend Notification Nos. 1 and 2/2017 (Rate) for CGST, IGST and UTGST laws, respectively. GST […]

Form GST TRAN-1 revision – Extension of due date

Form GST TRAN-1 revision and extension of due date for revision Notification No. 34/2017-Central Tax, dated 15th September, 2017 inserts Rule 120A in Central GST Rules, 2017 stating that Form GST TRAN-1, filed within the prescribed time limit (28-9-2017), can be revised electronically once. Time limit within which such revision can be made will be […]

21st GST Council meeting held on 9th of September – Major recommendations

21st GST Council meeting held on 9th of September, 2017 -  Major recommendations / decisions    GST Council in its 21st meeting held in Hyderabad on 9th of September has taken the following important decisions:  Due date for filing of GST Returns for July, 2017 further extended. Compensation Cess on certain motor vehicles increased. GST rate […]

GST – System based reconciliation of information furnished in FORMS

  Clarification of Circular No. 7/7/2017/CGST dated 1st September 2017 System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B The GST Policy Wing of CBEC has issued clarifications regarding system based reconciliation of information furnished in Form GSTR-1 (outward supply return) and Form GSTR-2 (inward supply return) with Form […]

Circulars/Orders issued by CBEC in relation to CGST, IGST and UTGST

Order No. and Date of issue Subject HTML Link CGST Order -01/2017-GST Extension of date for filing option for composition scheme  http://203.200.100.13/resources//htdocs-cbec/gst/order1-gst.pdf Circular No. 1/1/2017-GST Proper officer for provisions relating to Registration and Composition levy under the Central Goods and Services Tax Act, 2017 or the rules made thereunder – Reg. http://203.200.100.13/resources//htdocs-cbec/gst/circularno-1-gst.pdf Circular No. 2/2/2017-GST […]

Notifications issued by CBEC in relation to CGST, IGST and UTGST

Notification No. and Date of Issue Subject HTML Link CGST 01/2017-Central Tax,dt. 19-06-2017 Seeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017. http://www.cbec.gov.in/htdocs-cbec/gst/notfctn_1_central-tax-english.pdf 02/2017-Central Tax,dt. 19-06-2017 Notifying Jurisdiction of Central Excise Officers. http://www.cbec.gov.in/htdocs-cbec/gst/notfctn-2-central-tax-english.pdf 03/2017-Central Tax,dt. 19-06-2017 Notifying the CGST Rules, 2017 on registration and composition levy. http://www.cbec.gov.in/htdocs-cbec/gst/notfctn-3-central-tax-english.pdf 04/2017-Central Tax,dt. 19-06-2017 […]

Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017

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Notifications issued by CBEC in relation to CGST, IGST and UTGST

Notification No. and Date of Issue Subject HTML Link CGST 01/2017-Central Tax,dt. 19-06-2017   Seeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017. http://www.cbec.gov.in/htdocs-cbec/gst/notfctn_1_central-tax-english.pdf 02/2017-Central Tax,dt. 19-06-2017   Notifying Jurisdiction of Central Excise Officers. http://www.cbec.gov.in/htdocs-cbec/gst/notfctn-2-central-tax-english.pdf 03/2017-Central Tax,dt. 19-06-2017   Notifying the CGST Rules, 2017 on registration and composition levy. http://www.cbec.gov.in/htdocs-cbec/gst/notfctn-3-central-tax-english.pdf […]