Commerce Club

Issues to be addressed by GST Coun­cil on 32nd GST Coun­cil Meet Extend­ing the Com­po­si­tion  scheme  to  small  ser­vice  providers.  The rate  of  tax  and thresh­old lim­it to be pro­posed — Law Com­mit­tee and Fit­ment Com­mit­tee. Tax rate on lot­ter­ies…

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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…

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Rec­om­men­da­tions made dur­ing 31stMeeting 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 hea The modal­i­ties for imple­men­ta­tion…

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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…

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Reduc­tion in GST rates/exemptions on ser­vices: GST rate on cin­e­ma tick­ets above 100 shall be reduced from 28% to 18% and on cin­e­ma tick­ets upto Rs. 100 from 18% to 12%. GST rate on third par­ty insur­ance pre­mi­um of goods…

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  I. GST rate reduc­tion on goods which were attract­ing GST rate of 28% : A.  28% to 18% Pul­leys, trans­mis­sion shafts and cranks, gear box­es e, falling under HS Code 8483 Mon­i­tors and TVs of upto screen size of…

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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…

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1[FORM GSTR-9 (See rule 80) Annu­al Return Pt. I Basic Details 1 Finan­cial Year 2 GSTIN 3A Legal Name GSTR 3B Trade Name (if any) Pt. II Details of Out­ward and inward sup­plies declared dur­ing the finan­cial year (Amount in…

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