Press Information Bureau Government of India Ministry of Finance 22-September-2017 15:03 IST Blockage of Working Capital of Exporters There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are
List of Sections of Goods and Services Tax Following is the List of Sections of Goods and Services Tax (GST): Section 1 – Short Title, extent and commencementSection 2 – DefinitionsSection 3 – Officers under GST Act.Section 4 – Appointment
The fitment of GST rates on services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%,
GOODS AND SERVICES TAX (GST) Brief Information ✍ Goods and Services Tax replaces Central Excise Duty/ Additional Duties of Excise/ Excise Duty under MTPA/ CVD/ SAD/ Service Tax/ Surcharge & Cesses/ VAT/ CST/ Purchase Tax/ Entertainment Tax/ Luxury
BE GST READY IMPORTANT POINTS TO CONSIDER REGARDING GST (GOODS & SERVICE TAX) 1. Get Complete your working for Closing Stock for the period 31.3.2017 / 30.6.2017 before GST Implementation date. 2. Allocate your such stock into Quantitative mode.
GST Notifications 34 GST Notifications issued on 28-06-2017 Following number of GST Notifications issued under the categories: • Central GST Notifications – 5 • Central GST (Rate) Notifications – 10 • Integrated GST Notifications – 4 • Integrated GST (Rate)
GST (Goods and Service Tax) as the name suggest would be levied on Supply of Goods and Services. Most Noteworthy, it would replace the present Indirect Tax system. Therefore the persons registered under the existing Tax regime under VAT, CST,