Category: GST

Major Changes in GST effective from 01.02.2019

Fol­low­ing Amend­ments would take effect under GST from 1st Feb 2019. Upper lim­it of turnover for opt­ing com­po­si­tion scheme shall be raised from Rs. 1 Cr to Rs. 1.50 Cr. A Com­pos­ite dealer(in goods) shall be allowed to sup­ply ser­vices…

Advance Ruling- What should be the rate of GST on works contract for constructing a civil structure for a Govt entity

Fol­low­ing Advance rulling passed by the WEST BENGAL AUTHORITY FOR ADVANCE RULING GOODS AND SERVICE TAX in the case of  ITD Cemen­ta­tion India Ltd  on 08.01.2019 1.The Appli­cant is stat­ed to be sup­ply­ing works con­tract ser­vice. He has entered into an agree­ment with Inland Water­ways Author­i­ty of India (here­inafter the IWAI)…

Formation Of GoM As Recommended By The GST Council

The GST Coun­cil in its 31st meet­ing held today at New Del­hi has approved the pro­pos­al to form a 7 Mem­ber Group of Min­is­ters to study the rev­enue trend, includ­ing analysing the rea­sons for struc­tur­al pat­terns affect­ing the rev­enue col­lec­tion…

Amendments proposed in 31st GST Council Meet

In-Prin­­ci­­ple approval giv­en for Law Amend­ments dur­ing 31st Meet­ing of the GST Coun­cil The GST Coun­cil in its 31st meet­ing held today at New Del­hi gave in prin­ci­ple approval to the fol­low­ing amend­ments in the GST Acts: Cre­ation of a Cen­tralised…

Important Updates of 31st Meet of GST Council

The GST Coun­cil in its 31st meet­ing held today at New Del­hi made the fol­low­ing pol­i­cy rec­om­men­da­tions: 1) The due date for fur­nish­ing the annu­al returns in FORM GSTR-9, FORM GSTR-9A and rec­on­cil­i­a­tion state­ment in FORM GSTR-9C for the Finan­cial…