The revised GST forms will be available by the last week of June 2017. These revised forms will be used for filing the returns. The first set of monthly returns is to be filed by August 10. The first set of the quarterly returns is to be filed in October.   Source of Information   […]

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With less than a month left for GST rollout, seven states, including West Bengal, Tamil Nadu and Jammu & Kashmir, are yet to pass their legislations required for implementing the new indirect tax regime. So far, 24 states and Union Territories, including Delhi, Odisha and Puducherry, have passed the State Goods and Services Tax (SGST) […]

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The government has started its media blitzkrieg to tell the common man that the upcoming GST will reduce prices of most goods. The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower […]

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Post implementation of the Goods and Service Tax (GST), organised retailers are expected to get a level-playing field, edging out unorganised players in the medium-term, a report on retail industry has said. While the tax on branded apparels (textiles) is not known, a revenue neutral rate for apparel industry would be 12-15 per cent, the […]

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The GST Council has set up 18 sectoral groups to interact with the sectors like telecom, banking and export and sort out their issues in a time-bound manner for a smooth transition to the new indirect tax regime. These sectoral working groups consist of senior officers from the Centre and states and they will interact […]

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An analysis of the tax rates decided by the all-powerful GST Council for over 1,200 goods and 500 services revealed that daily use items like soap and toothpaste will cost less while fresh fruits, vegetables, pulses, bread and fresh milk will continue to be exempt from any tax. Aerated drinks and consumer durables like TV, […]

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The GST bill has received the Presidential assent on Thursday 8th Sept, 2016 making it a law henceforth. Earlier in Aug 2016, Parliament had passed the Constitutional Amendment bill enabling the GST. After which it was presented to the states for ratification. The bill had to be ratified by more than half of the states […]

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