Category Archives: GST

GST Updates

Posted on June 30, 2017

1. In a bid to ensure the smooth rollout of GST, the Ministry of Finance has deferred the applicability of provisions related to TDS (Tax deducted at source) for notified supplies/government supplies and TCS (Tax collected at source) for ecommerce … Continue reading →

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Key Takeaways from the 17th meeting of GST Council held on June 18, 2017

Posted on June 20, 2017

Keeping the deadline of July 1, 2017 as target for GST rollout, GST Council deliberated upon certain issues in its 17th meeting held on June 18, 2017 at Delhi. 1. The GST Council has affirmed the rollout of GST w.e.f … Continue reading →

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Key Highlights of the 15th GST Council Meeting

Posted on June 6, 2017

Finance Minister Arun Jaitley on Saturday chaired the 15th meeting of the GST Council which has decided tax rates on essential items such as gold, textiles, packaged food, Bidis, Solar panels, Biscuits and footwear among others. The Goods and Services … Continue reading →

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Taxation of Services under GST

Posted on May 19, 2017 by Sabeena Vasudeva

The GST Council, on the second day of its 2-day meeting in Srinagar, has considered and finalised GST rates to be applicable for different types of services. In brief some key aspects related to services decided at the meeting are … Continue reading →

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Gist of changes in the GST bills introduced in Lok Sabha on March 27, 2017

Posted on March 28, 2017 by Sabeena Vasudeva

GST Law is not applicable to the State of Jammu & Kashmir. Any supply of goods or services by employer to his employees without any consideration would not fall under GST ambit upto a limit of Rs. 50000/- Sale of … Continue reading →

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