News

Council nominated officers recommend increase in GST slab rates for revenue augmentation

GST Council nominated officers' meeting on revenue augmentation ends; Officers recommend increasing the 5% slab to a max of 8%,.....

Dec 10,2019

No mandate for Council to adjudicate/dispose general public grievance/representation, instructs CBIC

CBIC issues instruction inter-alia requiring compliance of ratio enunciated by Division Bench of Kerala HC that there is no mechanism provided.....

Dec 09,2019

Govt. constitutes Group of Ministers for resolving unsettled IGST amount

Govt. constitutes Group of Ministers (GoM) for examining the status of amount of IGST settlement amount as on March 31, 2018.....

Dec 05,2019

CBIC ab-initio withdraws clarification issued on supply of ITeS services

CBIC ab-initio withdraws Circular No. 107/26/2019-GST dated July 18, 2019 providing certain clarifications in relation to supply of Information Technology enabled Services.....

Dec 05,2019

CBIC issues order prescribing computation mechanism for filling appeal before GSTAT

CBIC issues Central Goods and Services Tax (Ninth Removal of Difficulties) Order, 2019 implementing decision of GST Council; Explains that,.....

Dec 04,2019

Govt. releases FAQs on Blocking and Unblocking of E-Way Bill

Govt. releases FAQs on Blocking and Unblocking of E-Way Bill generation facility in EWB Portal; Explains that, automatic blocking will be.....

Dec 03,2019

Govt. notifies State & Area benches of GSTAT for Mizoram, Rajasthan & Karnataka

Govt. notifies the location of State Benches and Area Benches of Goods and Services Tax Appellate Tribunal (GSTAT) for Mizoram, Rajasthan.....

Dec 03,2019

GST collections for November'19 third highest since introduction, crosses Rs. 1 lac crore

Govt. records gross GST revenue collection figures for the month of November, 2019; For the eighth time since the inception.....

Dec 01,2019

Eye Share: GST | Need To Revere Jurisdictional Demarcations

The GST Council during its 9th meeting held on January 16, 2017 decided on the agenda of cross-empowerment to ensure.....

Nov 28,2019

Eye Share: Job work Vs. Manufacturing – Continuous in GST Era

Recently, CBIC issued a Circular No. 126/45/2019 - GST dated November 22, 2019, on scope of Notification entry at item (id) under.....

Nov 27,2019

Eye Share: Analysis of Tax Rate on Job-Work from Legal and Constitutional Perspective

Recently, CBIC issued a Circular No. 126/45/2019 - GST dated November 22, 2019, on scope of Notification entry at item (id) under.....

Nov 27,2019

CBIC notifies due-date extension and transition plan for taxpayers in J&K

CBIC notifies due-date extension for furnishing of returns for registered persons in Jammu and Kashmir; FORM GSTR-1 by persons having.....

Nov 26,2019

GSTN initiates the process for conversion into Govt. company

GSTN initiates the process of transfer of 51% equity of the company held by the Non-Government Institutions to the Centre.....

Nov 26,2019

FinMin releases Sabka Vishwas Scheme statistics, explains measures taken for speedy case disposal

Ministry of Finance releases Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 statistics, inter-alia declares that 2828 applications amounting to Rs......

Nov 26,2019

Scope of term ‘bus body building’ broadened for 'job-work services'

CBIC issues notification on scope of term ‘Bus body building’ for "Services by way of job work" in relation thereto;.....

Nov 25,2019

CBIC clarifies on reduced GST rate applicable on job-work services

CBIC clarifies on scope of notification entry at item (id) under Heading 9988 of Notification No. 11/2017-Central Tax (Rate) dated.....

Nov 25,2019

Eye Share: Constitutionality of Amendments Denying Transition of Credit on Cesses

The Government has always maintained that credit attributable to cesses (Education Cess, Secondary and Higher Education Cess and Krishi Kalyan.....

Nov 21,2019

CBIC issues clarification regarding optional filing of annual return

CBIC issues clarification regarding optional filing of annual return under notification No. 47/2019-Central Tax for FY 2017-18 and 2018-19 for.....

Nov 19,2019

CBIC lays down procedure for electronic submission/processing of refund applications

CBIC issues clarification on fully electronic refund process through FORM GST RFD-01 and single disbursement; Lays down the procedure for.....

Nov 19,2019

Govt. issues advisory on blocking/un-blocking of e-way bill facility from next month

Govt. issues advisory in respect of blocking/un-blocking of E-Way Bill generation which shall be effective from next month (i.e. November 21,.....

Nov 18,2019

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