Search results for: gst

It is a good news for private ITI students as the government has removed GST on those ITI trades (courses) which come under the Apprentice Act 1961.

The CBIC has extended the due dates for Kerala taxpayers in the conditions of severe floods and disruptions. Also, The authorities have extended the GST return filing due dates in the Mahe (Puducherry) and Kodagu (Karnataka).

Finance Minister Piyush Goyal said in a recent tweet that the consignments of help and relief materials imported to Kerala from other states or abroad are exempted from IGST and basic customs duty.

Recently, due to the high load of GST return filing, GST council members have decided to extend the GSTR 3B due dates for the month of January 2019 to 22nd February 2019 from earlier 20th Feb 2019.

In a ruling made recently, the Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR-GST) has decided that Input Tax Credit (ITC) is not available to CMS Info Systems on purchase of motor vehicles for the sole purpose of carrying cash to be used by cash management companies and supplied as scrap thereafter.

The NAA or National Anti-Profiteering Authority was set up with the sole purpose of ensuring benefits from GST rate reductions reaches the common taxpayer

A report by India Ratings revealed that the household savings rate has fallen abruptly from 23.6 per cent in 2012 to 16.3 per cent in 2017. If it continues with the same rate, there may be serious implications on the overall economic growth and stability, adds the report.

Since July 8, 2017 – the day when GST was implemented in J&K, it has been observed by tax officials that the state revenue collection in the state dropped down nearly by Rs 1300 crore.

In recent raids done by the Department of Legal Metrology officers, it was found that multiple chains of electronics and electrical appliances showrooms were doing the GST transactions in a wrong way.