GST KI CLASS

GST Class by a seasoned Chartered Accountant

AMN A very useful GST Class from a very competent and Seasoned Chartered Accountant Suvir Sharma. It is particularly helpful for small traders and new businessmen. Do watch and leave your comment here – <>   Related Links No GST on sale of old gold jewellery, cars by individuals Services provided by educational institution fully … Continue reading GST Class by a seasoned Chartered Accountant

No GST on sale of old gold jewellery, cars by individuals

IA NEWS The Revenue Department has clarified that sale of old jewellery as well as old vehicles by individuals will not attract any GST as the sale is not for furthering any business. Clarifying on Revenue Secretary Hasmukh Adhia’s comments, the department issued a press statement Thursday saying it was informed at GST Master Class … Continue reading No GST on sale of old gold jewellery, cars by individuals

Services provided by educational institution fully exempt from GST

AMN Government Thursday said that services provided by an educational institution to students, faculty and staff are fully exempt from GST. Finance Ministry said, there are some reports that 18 per cent GST will be levied on annual subscription and fees charged for lodging in hostels, which is not true. The Ministry said, there is … Continue reading Services provided by educational institution fully exempt from GST

‘GST Rates Finder’ app to soon launch on iOS platform

AMN Central Board of Excise and Customs- CBEC Mobile app, GST Rates Finder will be available soon on iOS platform. Currently it’s available on android platform. Finance Minister Arun Jaitley last week launched the app in New Delhi. The App has empowered not only the taxpayers, but every citizen of the nation, to ascertain the … Continue reading ‘GST Rates Finder’ app to soon launch on iOS platform

PM asks top officials to ensure all traders get registered under GST before Aug15

Our Correspondent / New Delhi Prime Minister Narendra Modi has urged all Chief Secretaries to work expeditiously towards ensuring that all traders register under the GST regime and this task is completed before 15th August. Mr Modi today chaired his twentieth interaction through PRAGATI – the ICT-based, multi-modal platform for Pro-Active governance and timely implementation. … Continue reading PM asks top officials to ensure all traders get registered under GST before Aug15

GST will help bring down inflation by 2 % : Revenue Secy

AMN Revenue Secretary Hasmukh Adhia has said, Goods and Services Tax, GST will help bring down the inflation by one to two per cent by the end of this year. In an interview to All India Radio, Mr Adhia said, the objective of the government is to ensure that inflation should not increase. He said, … Continue reading GST will help bring down inflation by 2 % : Revenue Secy

GST an attempt to move towards a transparent system of taxation: Jaitely

IA NEWS NETWORK / RAIPUR Union Finance Minister today said, through the newly started Goods and Services Tax (GST), attempt is to progress towards an online, transparent system of assessments, to improve the compliance of taxpayers. Addressing a workshop on GST organised by Chhattisgarh government in Raipur, he said GST will improve people’s enthusiasm in … Continue reading GST an attempt to move towards a transparent system of taxation: Jaitely

Troubles in implementation of GST will be overcome shortly: Naidu

AMN Information and Broadcasting Minister M. Venkaiah Naidu has said, any troubles in the implementation of Goods and Services Tax (GST) will be overcome shortly. Addressing a conference on the new tax regime in Chennai this morning, Mr Naidu said, it is historic that the power to decide on taxes has been transferred from the … Continue reading Troubles in implementation of GST will be overcome shortly: Naidu

Govt Launches App to Verify Tax Rate under GST

The Goods and Services Tax or GST  has become operation from 1st of July, and it is believed to revolutionize the way of doing business and and paying  taxes. But what is GST and how will it reform the current tax structure? And most importantly, why does the country need such a huge overhaul in … Continue reading Govt Launches App to Verify Tax Rate under GST

GST: Basic Concepts of Transition & Invoice

The Goods and Services Tax or GST  has become operational from 1st of July, and it is believed to revolutionize the way of doing business and and paying  taxes. But what is GST and how will it reform the current tax structure? And most importantly, why does the country need such a huge overhaul in … Continue reading GST: Basic Concepts of Transition & Invoice

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Mallya case: India gives fresh set of documents to UK

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