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Draft registration Rules agreed by GST Council
In its meeting today GST council has approved the registration rules. You can find the detail draft of rules here. They were already made available for suggestions by Ministry of Finance.
Draft formats under invoice rules adopted by GST Council
GST Council also adopted the formats under invoice rules. Draft is available here.
Draft Formats under payment rules adopted by GST Council
Draft formats under payment rules adopted by GST council in its second meeting today. Draft for the same is available here.
GST Council meeting: takeaways on dual control issues
Second day of GST council meeting was fruitful for faster roll out. Some decisions on major issues were taken. Council has agreed to keep the single interaction point for taxpayer. -All existing taxpayers registered under service tax will be assessed by the center whereas new
TDS Provision as Per Section 37 Under GST Model Law/GST Act 2016
1) Following Persons required to Deduct TDS @ 1% from the Payment made or Credited to the Supplier of Goods or Services- a) A department or establishment of the Central or State Government, b) Local authority, c) Governmental agencies, d) Such persons or category of
Registration under GST by CA Rishi Goyal
GST is going to be a reality soon. This article on registration under GST is here to brief about the process of registration.This is written by renowned CA Rishi Goyal who is an expert on GST.
GST Training Manual compiled by NACEN
NACEN has compiled thos training manual for GST. It is very useful for experts working on GST. It covers all major topics with detail analysis and mention other relevant provisions at one place. Click below to download it
GST Relief: Threshold limit set at Rs. 20 Lakh
A relief for the taxpayers as GST council has finalized the threshold limit of Rs. 20 Lakh. As per GST model law liability to pay tax under GST will arise only if aggregate turnover of Supplier exceeds Rs. 10 lakh. For north eastern states including
SUMMARY: CENTRAL GOVT, STATES AGREE ON TIMETABLE FOR APRIL
ROLLOUT. Day 1 of GST Council meeting took place on Thursday. Keeping April 1, 2017 deadline in mind, Centre and State have agreed on a timetable to decide tax rate, complete legislative work and close difference of opinion on exemptions, threshold etc. Few key issues
GST COUNCIL MEETING DAY 2 UPDATE: THRESHOLD LIMIT FIXED AT RS. 20 LAKHS
On second day of the GST Council meeting, Finance Minister Arun Jaitley while addressing media said following: – Exemption threshold for GST has been fixed at Rs. 20 lakhs, while threshold in North-East States has been set at Rs. 10 lakhs. – Players with annual
Government ended 92 Year old Practice by merging the Railway Budget with General Budget
Government ended 92 Year old Practice by merging the Railway Budget with General Budget. It also in Principle Decided to advance the presentation of Union Budget from Last Day of February to the first week of February. ???????????????????? CA JAIN ALOK 9899259011 NIRC Member
GST ComplianceFrequently Asked Questions (FAQ) on GST – Official guide by NACEN
National Academy of Customs, Excise & Narcotics (NACEN), the apex training institute has been mandated to impart training and capacity building to Central & State Government employees. This FAQ has been prepared as part of the capacity building program to help officers, trade & public to