GST

Certain important issues referred by GST Council to various Committees / GoM             The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: Extending the Composition scheme to small service providers. The rate of tax and threshold limit to be proposed - Law Committee and Fitment … [Read more...] about Certain important issues referred by GST Council to various Committees / GoM

Recommendations made during 31st Meeting of the GST Council The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accounting authorities. A scheme of single authority for … [Read more...] about Recommendations made during 31st Meeting of the GST Council

Implementation of GST Under the Ministry The implementation of GST in the country has been largely smooth barring a few teething problems. Further, it is informed that GST has been implemented in all sectors except on the supply of alcoholic liquor for human consumption, on the supply of petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural … [Read more...] about Implementation of GST Under the Ministry

Rs 83,346 crores collected under GST for the month of October 2017, received in November (upto 27th Nov 2017)  A sum of Rs 83,346 crores has been collected as Total Revenue Collection under GST for the month of October, received in November till 27th November 2017.  95.9lakh taxpayers have been registered under GST so far, of which 15.1 lakh are composition dealers who are … [Read more...] about Rs 83,346 crores collected under GST for the month of October 2017, received in November