The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi
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The GST Council in its 31st meeting held on 22 December 2018 at New Delhi made the following policy recommendations.
In the previous GST council meeting, the principles and approach for return simplification had received a nod and a committee for finalising the return formats and process was formed. In the meeting today, the new return formats and process were approved.
The 27th GST council, in its meeting held today on 4 May 2018, has taken the key decision on simplifying the return filing process. The Council has given go-ahead for new filing process and it will be rolled out in 3 phases.
The Eway Bill mandate will kick-off with inter-state transactions and by 1st June it will be implemented for intra-state movement of goods.
The Goods and Services Tax (GST) Council, in its 11th meeting held on March 4, 2017, decided on some key contours of the CGST and IGST Acts.
There was some issue with GSTR 2B and taxpayers were not able to view their records. Read the clarification and CBIC’s recent notifications 05/2022 and 06/2022.
Supply chain is the very foundation of product delivery comprising of individuals, technology, activities and resources involved in the movement of items from manufacturing till delivery. Some typical links in
The GSTN has released a new advisory on 10-05-2022 regarding the 6% reporting rate in GSTR-1. As per GST Notification No. 02/2022, a new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain commodities. Taxpayers who must report items at this rate may do so temporarily by reporting the entries under the 5% category and then manually increasing the system computed tax amount to 6%.
Compensation Cess under GST is levied by GST - Compensation to States Act 2017. Read all about the compensation cess under GST here
ICEGATE provides e-filing services to the importers, exporters and other trading partners in India. It is responsible to fulfil the custom department’s EC/EDI and data communication needs.
As per the new advisory released by GSTN, the entire year’s liabilities must be declared in table number 6 of GSTR 4 and if there is no liability, the table can be populated with zero value. Read the article to understand the cause of negative liability in form GSTR 4.
