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This section contains the Latest happenings on GST. We regularly publish all the GST news & related information here:

      1. Latest GST News
      2. GST Council Meet
      3. Recent Notification and Circulars

Latest GST News

6th Aug 2018: Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons), TDS and TCS provisions under GST deferred till 30th Sept 2019.

4th Aug 2018: 29th GST Council Meet was held at New Delhi. Incentives on Digital payments got a green flag. Committee to be formed for addressing MSME woes.

30th Jul 2018: Know the highlights of Proposed changes to GST return filing.

30th Jul 2018: Due date of GSTR-6 filing extended for months from July 2017 to August 2018  is 3oth September 2018.

Recent Notification and Circulars

CGST Amendment in 2018:

Notification No. Date Subject
14(View PDF) 23-3-2018 3rd amendment made to CGST Rules, 2018 ( Rules on Job-work amended, Rule 138D amended)
12(View PDF) 7-3-2018 2nd amendment made to CGST Rules, 2018 (TRAN-2 date extended to 31st March 2018, E-Way bill rules amended, Format for Declarations in RFD-01 & RFD-01A changed)
03(ViewPDF) 23-1-2018 1st amendment made to CGST Rules, 2018(Rates for Composition scheme clarified, E-Way bill rules amended, Rule 55A newly added where Invoice is to be carried for transport of e-way bills, Changes to Declarations made in RFD-01/RFD-01A)

 

Central Tax Notifications in 2018 :

Notification No. Date Subject
20(View PDF) 28-3-2018 Due date for filing of RFD-10 to claim the refund of tax by UN agencies & notified others extended to 18 months from last date of each quarter
19(View PDF) 28-3-2018 Due date for GSTR-6 filing for July 2017 to April 2018 is extended to 31st May 2018
18(View PDF) 28-3-2018 Due dates for Monthly filing of GSTR-1 for April 2018 is 31st May 2018, May 2018 is 10th June 2018 and June 2018 is 10th July 2018
17(View PDF) 28-3-2018 Due dates for quarterly filing of GSTR-1 for coming Quarter April to June 2018 is fixed as 31st July 2018
16(View PDF) 23-3-2018 Due dates for filing FORM GSTR-3B for the months of April to June, 2018
15(View PDF) 23-3-2018 Inter-state implementation of E-Way Bill Rules shall come into force from 1st April 2018
13(View PDF) 7-3-2018 The earlier reduced Late fees on delayed filing of GSTR-5A now stands cancelled. Check the notification
11(View PDF) 2-2-2018 Inter-State E-Way bill applicability from 1st February 2018 is postponed
08(View PDF) 23-1-2018 Extension of date for filing the return in FORM GSTR-6 for months July 2018 to February 2018 till 31st March 2018
04, 05, 06 & 07
(View PDF)
23-1-2018 Reduction of late fee in case of delayed filing of FORM GSTR-6, GSTR-5A, GSTR-5 & GSTR-1 to Rs 50 per day( Rs 20 for NIL returns)
02(View PDF) 2-1-2018 Due date for filing of FORM GSTR-3B for month of December, 2017 extended till 22.01.2018.
01 (View PDF) 1-1-2018 GST Rate for Manufacturers under Composition Scheme reduced to 1%. Check the notification for further details.


Integrated Tax Notifications issued in 2017 – PDF

Central Tax Notifications issued in 2017 – PDF

 

CGST Circulars in 2018:

Circular No. Date Subject
40(View PDF) 6-4-2018 Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports
39(View PDF) 3-4-2018 relaxation to selected TRAN-1 filers and Setting up of IT grievance redressal committee to fix tech issues on GST portal
38(View PDF) 26-3-2018 Clarifications on issues related to Job Work
37(View PDF) 15-3-2018 Clarifications on exports related refund issues
36(View PDF) 13-3-2018 How does the processing of refund to UIN Entities happen
35(View PDF) 5-3-2018 Clarification regarding taxable services provided by the member of the Joint Venture(JV) to the JV and vice versa and inter se between the members of the JV
34(View PDF) 1-3-2018 Clarification regarding GST in respect of certain services.
33(View PDF) 23-2-2018 Directions under Section 168 of the CGST Act regarding non-transition of CENVAT credit under section 140 of CGST Act or non-utilization thereof in certain cases
32(View PDF) 12-2-2018 Clarifications regarding GST in respect of certain services as decided in 25th GST Council meeting.
31(View PDF) 9-2-2018 Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017.
30(View PDF) 25-1-2018 Clarification regarding supplies made to the Indian Railways classifiable under any chapter, other than Chapter 86.
29(View PDF) 25-1-2018 Clarification regarding applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas retained for the manufacture of Poly Iso Butylene and Propylene or Di-butyl para Cresol.
28(View PDF) 8-1-2018 GST on College Hostel Mess Fees
27 (View PDF) 4-1-2018 GST on accommodation services, betting, gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc.

CGST Orders issued in 2018

Order No Date Subject
01(View PDF) 31-3-2018 Clarification regarding GST on catering services provided on trains
01(View PDF) 28-3-2018 Extension of due date of TRAN-2 to 30th June 2018


CGST Orders issued in 2017 – PDF

IGST Circulars issued in 2017 – PDF

CGST Circulars issued in 2017 – PDF

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All Articles

  1. The newly proposed GST Monthly Returns is on public forum for comments. These can be filed by all the taxpayers except small taxpayers. Know who and how can file new monthly GST returns & much more..
  2. GST Council announced cashback for Digital Payments . Consumers using modes of Digital Payment such as BHIM, UPI, RuPay and USSD to benefit by this scheme.
  3. The newly proposed GST Quarterly Returns is on public forum for comments. These can be filed by Small taxpayers. know who are small taxpayers & much more..
  4. 29th GST Council meeting was held on 4th August 2018 at New Delhi. This GST council meeting deliberated around the concerns faced by MSME sector and introduction of Digital Payments incentives.
  5. GST rates have been revised again!, Note the principle changes that was announced in 28th GST Council Meeting on 21st July 2018 and how it's benefited us.
  6. The GST Council approved two new simplified GST returns - Sahaj and Sugam, with the objective of increasing the ease of doing business for small GST dealers in India. Read this article to know more
  7. 28th GST council meet was held on the 21st July 2018. Important decisions made on simple GSTR, ITC & many consumer related products enjoyed rate cuts!
  8. Stay updated and read on here about the most recent circulars and orders of 2018, under GST. Here is a handy summary for all Central Tax/union territory tax/ integrated tax orders and circulars.
  9. The 27th GST council meet is scheduled for the 4th of May 2018. Simplification of return preparation is expected. Check out the expectations for 28th GST council meeting here.
  10. All Updated GST Notifications summarized in this article.
  11. Next GST Council meeting to be held in New Delhi on 10th March 2018. Major rejig in Return filing process, Clarity on E-Way Bill & much more on the agenda! Know about 26th GST Council Meeting decision & press release.
  12. https://selfservice.gstsystem.in is the new helpdesk window launched by GSTN. Know how to raise and track all your GST queries at one place.
  13. The 25th GST Council Meet was held on 18th January 2018 in Vigyan Bhawan, New Delhi. Visit this page for the updates.
  14. GST Council held its 22nd GST Council meet on 6th October 2017. Here are the important updates of the meet based on the press release.
  15. GST Council held its 23rd GST council meet on 10th November 2017. Here are the important updates of the meet.
  16. The number of registered tax assessees have marginally surged by about 25%, post the implementation of GST.
  17. Prime Minister Modi hailed GST implementation and cited that it has increased the efficiency of the transport sector by at least 30%.
  18. Taxpayers transitioning to GST are in for a shock. The GSTR-3B form is missing a crucial column which might affect ITC claims for the months of July-August.
  19. The E-way Bill proposed under GST could be the shot in the arm that India's logistics industry has been looking for. The govt. thinks the same.
  20. There's good news for dealers migrating to GST as the government portal now has the feature for tracking one's GST number or GSTN.
  21. Worried about GST increasing your education fees? The government has clarified that hostels will not fall under the purview of GST.
  22. The Cabinet Minister has sent a directive to all Central Ministries asking them to check and report on GST implementation issues.
  23. A handy GST 2018 calendar mentioning all the important GST dates and details when to file your returns. Know all the due date extensions at one place!
  24. The tax exemptions enjoyed by companies under the previous VAT regime will not be applicable under GST. The govt. has a scheme in place to solve this.
  25. The hilly state of J&K has finally passed the laws needed to make GST a reality. With the President's nod, the new tax policy will now be live in the state.
  26. Post-GST is the best time to buy your new set of wheels, as companies have started to slash prices after recalculation of the new stock.
  27. Worried about high prices due to GST? The government says market competition will force companies to adjust prices without any draconian tactics.
  28. Anti-profiteering laws are an important part of the GST law. The Council has approved the clause in its recent meeting and warned against non-compliance.
  29. All states have now passed the respective SGST laws except for Jammu and Kashmir where the entire bill is still in contention.
  30. The Finance Minister has quashed all rumours surrounding any delays in GST implementation and said that the transition event will occur on June 30th.
  31. Companies have decided to slow down production and dispatch in the last few days of June, ending this quarter early so as to be GST-ready in time.
  32. GSPs are having a tough time preparing for GST launch as they feel they do not have enough time to test and ready their software.
  33. GST in the Valley faces a hard road ahead with a fresh barrage of opposition from the separatist leaders in the region. Read more.
  34. Despite the claims that air fares will come down after the implementation of GST, the latest news says that the opposite may be true. Learn more.
  35. As the government authorities prepare for the launch of GST, the much-talked about e-way bills might be pushed down the line. Read more.
  36. An industry report says GST will level the playing field for organized retail in the coming days, and decrease competition from unorganized businesses.
  37. As GST draws near, electronic retailers are trying their best to sell off old stock by offering heavy discounts on white goods.
  38. The textile industry was worried about GST being levied. However, senior tax officials say that the 5% GST will have positive benefits in the long run.
  39. The time limit for claiming input tax credit on GST transition stock has been increased to three months. Some rule changes have also been made.
  40. Life-saving drugs may see a marginal increase in price while other OTC formulations might get more expensive post GST implementation.
  41. Good news for SMEs! GST seems likely to open up more avenues for securing credit in a reliable and easy manner for the sector, say experts.
  42. Telcos are having a tough time deciding the impact of GST on their revenues. The GST software overhaul required could set the industry back a fair bit.
  43. Alcohol is currently outside the purview of GST. However, experts believe this might cause more trouble for the liquor industry in the coming days.
  44. The GST Council's fitment committee is currently discussing the rates for various products. Here are the updates from Day 1 of the meet in Srinagar today.
  45. Businesses have made their GST calculations, and are not entirely sure if the new tax will lower prices. Much depends on the Council's decision this week.
  46. The countdown to GST is on and the news that majority of Indian businesses are still not ready is a bit unsettling. A survey from Ginesys gives the numbers.
  47. With dealers preferring to play the wait-and-watch game and no buy inventories before GST goes live, excise collections in the second quarter may drop.
  48. The rates on goods and services have long been awaited. With the fitment committee meeting this weekend to decide rates, we can finally have the answer.
  49. GST started with the promise of 'one nation, one tax'. But keeping multiple state taxes outside its purview defeats the exact purpose of the new tax regime.
  50. GST will subsume all the indirect taxes in India, but the tax base of the new regime might become smaller than what it is now.
  51. The GSTN portal stopped enrollments on April 30. The Revenue Department has now stated that the enrollment process will start again soon.
  52. Speaking at an event in the capital, the Finance Minister clarified why quarterly returns cannot be made possible for all taxpayers under GST. Read more.
  53. A level playing field and a seamless flow of input tax credit should allow domestic companies to blossom in the GST era, says the Revenue Secretary.
  54. Even as companies in the country prepare for GST launch, doubts about supplier readiness and flow of input tax credit continue to haunt them. Read more.
  55. Return filing under GST will be done online, and to ensure that the system is ready for taxpayers, the GSTN will conduct a live test soon.
  56. The fitment committee will soon meet for a three-day discussion to finalise the tax rates of all goods and services and align them to present tax rates.
  57. A new paper from a U.S. Federal Reserve says that the estimated impact of GST on India's GDP growth could be as high as up to 4.2%.
  58. With GST's go-live date knocking on the door, the PM has asked all states to clear GST Bills on priority. Changing the FY to Dec-Jan was also on the cards.
  59. Under GST, services might be taxed at two separate rates - 12% and 18%, instead of one uniform rate to avoid unnecessary burden on the end consumer.
  60. Real estate developers across the nation are worried that the overall cost of properties could rise by a discernible margin under the new GST rates.
  61. GST will go live on 1st July and businesses across the country are migrating to the new tax regime. Kerala is leading the way in this regard.
  62. The All India Tax Associates Federation wants the Finance Minister Mr. Arun Jaitley to completely do away with the the E-way Bills under GST.
  63. The GST council’s fitment committee which includes tax officials from the Centre and the states will meet this week to find a formula for slotting services into the four-tiered tax structure of GST.
  64. Experts hope that the GST Council will not keep variable tax rates within a single product group as it will further complicate the tax system.
  65. FMCG brands have already started to lay out plans for GST with de-stocking and raising prices before implementation to protect operating costs.
  66. Senior Congress leaders want GST implementation to be pushed to October citing an inverse impact on small and medium enterprises and imperfect tax rates.
  67. The government is pushing ahead with its agenda of rolling out the country’s biggest tax reform since independence by tabling the GST Bills in Rajya Sabha today
  68. State bank of India has become the first Indian bank to raise concerns about the compliance required for services under the GST regime
  69. The government has put eight set of rules relating to GST in the public and asked for opinions from industries and end consumers.
  70. GST will apply on the actual value of goods purchased and not on reduced amount under exchange offers paid in cash, says government.
  71. The government has decided not to levy GST on sectors which are currently exempt from tax such as healthcare and education.
  72. Revenue Minister Hasmukh Adhia says that the government is very serious about implementing GST come July 1. Delay can happen only in special circumstances.
  73. The GST Bill is under debate in Lok Sabha today in a marathon seven-hour session where it faces opposition from the Congress.
  74. GST Bill enters its last phase with four important bills up for discussion in the Lok Sabha on Tuesday. The deadline for GST is July 1st.
  75. Under Article 370 of the Constitution, J&K enjoys financial autonomy and special taxation powers which contradict the provisions of the GST Bill.
  76. Petroleum Minister Dharmendra Pradhan is of the opinion that bringing petrol under the purview of GST will help states in the long run.
  77. The new GST Compensation Bill gives the Centre a bigger share of the residual fund after the five year transition period, as compared to before
  78. The GST council had approved the bill to state compensate packages for possible revenue loss in the five years following GST implementation.
  79. The GST council is meeting is to resolve differences between centre and states over administration powers over GST registrants.
  80. A major law like the GST cannot be implemented without a few hiccups, and figuring out nitty gritties is part of the job of the GST council.
  81. The country is gearing up for the implementation of GST from July but the nuances of the model GST law are yet to be set in stone.
  82. Due to GST on e-com sector online rivals Amazon, Flipkart, and Snapdeal approach FICCI as a united front in a bid to gain exemption from GST.
  83. While the e-com companies concerns over TCS, the sellers association seems to be quite pleased with the idea of a level playing field.
  84. The Kerala jewellers association pushes for uniform gold tax at 1.25% under the new GST regime since gold tax is not part of the four-tier GST structure.
  85. Tamil Nadu textile mills have approached Prime Minister Narendra Modi to ask for a fixed levy of 5% under the new GST law.
  86. The GST Council approved the bill guaranteeing compensate states for revenue losses that may occur due to the transition to the new tax regime.
  87. The GSTN is a privately held firm that is tasked with building the IT infrastructure for transition to GST & is now under scrutiny for tax evasion.
  88. In order to facilitate GST implementation, the government is looking to do away with 16 cesses and surcharges on the union excise and service tax.
  89. Manish Sisodia wants the government to rethink and address traders’ concerns under GST more closely and focus on the most affected people and businessman.
  90. The negotiations between the Centre and the states on the finer points of GST bill have argued for the e-permit for goods transported across borders.
  91. GST Council has decided to limit the cess rates on tobacco products at 290 % ad valorem and on pan masala at 135% ad valorem.
  92. The GST Council has given the green signal to rollout GST bill from July, after clearing all requisite regulations and legislations.
  93. The Cabinet approved four critical bills on Monday, clearing the way for GST implementation by July 1. These bills will now be presented to Lok Sabha.
  94. The Japanese fiscal research company Nomura has said that the impact of GST on price rates in India would be less than 20 basis points.
  95. US beverage company Coca-Cola wants the Indian government to reduce the tax on aerated drinks from 43% to 34% and to increase the July 1st deadline for implementation to September.
  96. Impact of the Deadlock in GST Council over the contentious issue of Revenue Sharing and Dual Control