Latest News on Cgst
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Oct 30, 2017
GST: Businesses under composition scheme to soon start filing returns; network to have facility shortlyAs per the GST laws, for July-September quarter businesses, with turnover of up to Rs 75 lakh, opting for composition scheme can file quarterly returns and pay taxes.
Sep 27, 2017
August GST mop-up Rs 90,669 cr; July transitional claims Rs 12,000 cr, not Rs 65,000 cr, says govtAs per the tax sharing formula, the Centre will compensate states for any revenue loss calculated on a base year of 2015-16 and assumed revenue growth of 14 percent.
Aug 29, 2017
GST collections hit Rs 92,283 cr in July, likely to go up further: FM Arun JaitleyOf the tax collected, Jaitley said, Rs 14,894 crore have come in as Central GST, Rs 22,722 crore as State GST and Rs 47,469 crore as Integrated GST, which is levied on inter-state movement of goods and imports
Jul 17, 2017
GSTN portal to allow businesses to upload their sale and purchase invoicesBusinesses can start uploading their sale and purchase invoices generated post 1 July on the GSTN portal from 24 July.
Jul 17, 2017
Businesses can upload sale, purchase invoices on GSTN portal from 24 JulyGenerating invoices for dealings above Rs 200 and keeping invoice records in serial number even if maintained manually, are pre-requisites for claiming input tax credit under the GST regime.
Jul 08, 2017
Government launches 'GST Rate Finder', an app on Android to find out GST ratesThe search can be made based on the description of goods or services, or HSN Code or heading number.
Jul 05, 2017
GST: Here's how neighbouring countries are gearing up for India's biggest tax reformOur neighbouring countries are closely watching the impact on the trade
Jun 30, 2017
The GST story: A timeline of 17-year roller coaster ride that reaches the climax midnight tonightGST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is India's biggest tax reform in the 70 years of independence
Jun 30, 2017
GST in Kashmir: All-party meet held on Thursday to evaluate political consensus ahead of roll-outTraders and the opposition have been saying that implementation of GST will have ramifications on the State’s fiscal autonomy
Jun 29, 2017
Finance Ministry starts notifying provisions of GST acts, amends rulesProvisions in the Central GST Act (CGST), Integrated GST (IGST) Act and Union Territory GST Act and rules under them are being notified.