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Decisions taken by the GST Council in the 34thmeeting held on 19thMarch, 2019 regarding GST rate on real estate sector

GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house. The council decided the modalities […]

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Circular No. 90/09/2019-GST

This was the point i am discussing with my friends and during my sessions of GST Audit that if the provisions of Rule 46 are not followed then penal provisions can be levied under Section 122 and Section 125. Rule 46 clearly states that on a tax invoice, the bare minimum details have to be shown and […]

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Certain important issues referred by GST Council to various Committees / GoM

Ministry of Finance Certain important issues referred by GST Council to various Committees / GoM Posted On: 22 DEC 2018 4:44PM by PIB Delhi The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them:   Extending the Composition scheme to small […]

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Recommendations made during 31st Meeting of the GST Council

Ministry of Finance Recommendations made during 31st Meeting of the GST Council Posted On: 22 DEC 2018 4:45PM by PIB Delhi 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 head. The modalities for implementation would be finalised in […]

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Formation of GoM as Recommended by the GST Council in Its 31st Meeting held on 22.12.2018.

Ministry of Finance Formation of GoM as Recommended by the GST Council in Its 31st Meeting held on 22.12.2018. Posted On: 22 DEC 2018 4:48PM by PIB Delhi 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 […]

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In-Principle approval given for Law Amendments during 31stMeeting of the GST Council

Ministry of Finance In-Principle approval given for Law Amendments during 31stMeeting of the GST Council Posted On: 22 DEC 2018 4:49PM by PIB Delhi   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 Appellate Authority […]

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Recommendations made during 31st Meeting of the GST Council held on 22nd December, 2018 (New Delhi)-Rate changes

Ministry of Finance Recommendations made during 31st Meeting of the GST Council held on 22nd December, 2018 (New Delhi)-Rate changes Posted On: 22 DEC 2018 4:50PM by PIB Delhi     GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates on goods and services. […]

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Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services

Ministry of Finance Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services Posted On: 22 DEC 2018 5:50PM by PIB Delhi GST Council in the 31stmeeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions andclarificationson connected […]

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Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in Goods

Ministry of Finance Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in Goods Posted On: 22 DEC 2018 5:51PM by PIB Delhi GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, and clarification (on Goods). The […]

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FAQ – 19

What are the transactions i need to show in the Point F of Part II of FORM GSTR – 9C, “Trade Discounts accounted for in the audited Annual Financial Statement but are not permissible under GST” ? There could be some business cases where the discount being offered is not know at the time of supply […]

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