News
B N Sharma appointed as Chairman of NAA
29 Nov, 2017
An IAS officer of 1985 batch belonging to Rajasthan cadre, Sharma is currently posted as Additional Secretary in the Department of Revenue, Ministry of Finance. He has been closely associated with the formulation of GST and its implementation.
Panel formed to make GST return filing easier
23 Nov, 2017
The committee comprises of tax commissioners from the states of Gujarat, Karnataka, Punjab and Andhra Pradesh. It has been tasked to suggest if modifications are required in present structure of GST returns, along with required changes in rules, laws and format. The panel will submit its report by December 15.
NAA provisions to be used minimally
23 Nov, 2017
CBEC chairperson Vanaja N Sarna on Wednesday said that the administration wanted the provision of National Anti-profiteering Authority (NAA) to be used minimally.
GST Rate changes proposed by 23rd GST Council Meeting
11 Nov, 2017
The Council has recommended reduction in GST rate from 28% to 18% on goods falling in 178 headings at 4-digit level (including 4 tariff heading that are partially pruned). After these changes, only 50 items will attract GST rate of 28%.
Composition scheme recommendations made by the GST Council in the 23rd meeting
11 Nov, 2017
Uniform rate of tax @ 1% under composition scheme for manufacturers and traders (for traders, turnover will be counted only for supply of taxable goods). No change for composition scheme for restaurant.
Recommendations made by the GST Council in the 23rd meeting
11 Nov, 2017
The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has recommended the several facilitative measures for taxpayers:
Hasmukh Adhia designated as the new Finance Secretary
07 Nov, 2017
Adhia is a 1981 batch IAS officer of Gujarat cadre. The Appointments Committee of the Cabinet has approved designating Adhia as the Finance Secretary.
Others
- Table 6A introduced in GSTR 1 for export refunds
- Delhi High Court hears petition on technical glitches of GSTN
- Late filing fees for late filing of GSTR 3B for August and September 2017 finally waived
- Facility of furnishing LUT extended to more exporters
- Bollywood actors who evaded or avoided service tax
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