GST KI CLASS

GST rate on mass consumption items cut to 18% from 28%

AMN The GST Council today decided to reduce tax rate on a wide range of mass use items from chewing gums to detergents to 18 per cent from current 28 per cent. Bihar Deputy Chief Minister Sushil Kumar Modi said this in Guwahati, where the full GST council meeting headed by Union Finance minister Arun … Continue reading GST rate on mass consumption items cut to 18% from 28%

Popcorn Infotech to open 1000 centres for help in GST

AMN / Vinit Wahi In order to address the GST related needs of taxpayers, the Popcorn Infotech Pvt. ltd. has launched its product Taxware and its services through suvidha kendras across the country. By this month-end, it proposes to open about 1000 such centres while in next few months another few months, their number may … Continue reading Popcorn Infotech to open 1000 centres for help in GST

Know about Aadhaar

Aadhaar is being used as an identifier in respect of following school education related schemes: (i) Centrally Sponsored Scheme for providing quality education in Madrasa (SPQEM) (ii) Mid-Day Meal Scheme (MDMS) (iii) Sarva Shiksha Abhiyan (SSA) (iv) Rashtriya Madhyamik Shiksha Abhiyan (RMSA) (v) Inclusive Education for Disabled at Secondary Stage (IEDSS) (vi) National Scheme of … Continue reading Know about Aadhaar

Impact of GST on Job Work

By M.K Gandhi / The concept of JOB WORK is now assuming greater importance in the taxation domain in the wake of introduction of the new taxation regime of the Goods and Service Tax (GST). The incidence of taxation on account of JOB WORK under the new tax regime of GST will have to be … Continue reading Impact of GST on Job Work

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

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

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

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Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...