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GST News Headlines

TEXPROCIL welcomes increase in GST exemption & Composition Scheme threshold limits
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TEXPROCIL welcomes increase in GST exemption & Composition Scheme…

New Delhi, Jan 11 (KNN) Textiles Export Promotion Council (TEXPROCIL) has welcomed the steps taken by the government to increase GST exemption and Composition…

DGFT removes pre-import condition to avail IGST exemption on imports under Advance Authorization
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DGFT removes pre-import condition to avail IGST exemption on…

New Delhi, Jan 11 (KNN) The Directorate General of Foreign Trade (DGFT) has removed the pre-import condition to avail exemption from the payment of IGST…

FISME welcomes GST Council's decision to raise exemption limit for small enterprises
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FISME welcomes GST Council's decision to raise exemption limit…

New Delhi, Jan 11 (KNN) MSME body, Federation of Indian Micro and Small & Medium Enterprises (FISME) has welcomed GST Council’s decision of keeping…

CAIT hails GST council's decision for extending GST relaxation to small traders
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CAIT hails GST council's decision for extending GST relaxation…

New Delhi, Jan 10 (KNN) Confederation of All India Traders Association (CAIT) has hailed the decision of GST Council for increasing the threshold limit…

Exemption limits for MSME rises to Rs. 40 lakhs: Jaitley
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Exemption limits for MSME rises to Rs. 40 lakhs: Jaitley

New Delhi, Jan 10 (KNN) The exemption limit for Micro, Small and Medium Enterprises (MSMEs) has been raised to Rs 40 lakhs of annual turnover, said Arun…

32nd GST council meeting underway; Panel may decide on raising exemption threshold for MSMEs
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32nd GST council meeting underway; Panel may decide on raising…

New Delhi, Jan 10 (KNN) In todays’ 32nd Goods and Service Tax (GST) council meeting, the group of state finance ministers might reportedly recommend…

GST evasion worth Rs 15278.18 crore detected during Apr-Dec: MoF
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GST evasion worth Rs 15278.18 crore detected during Apr-Dec:…

New Delhi, Jan 9 (KNN) On the basis of investigation conducted so far it emerges that the amount of tax involved in 3626 cases of GST evasion/violations…

Levy 3 stage GST to regulate tax system in a better manner: CAIT to Jaitley
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Levy 3 stage GST to regulate tax system in a better manner:…

New Delhi, Jan 9 (KNN) Confederation of All India Traders Association (CAIT) in a letter sent to Finance Minister Arun Jaitley today suggested levy of 3…

GST Council approves levy of 1% ‘calamity cess’ for Kerala to overcome the effects of flood-hit state
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GST Council approves levy of 1% ‘calamity cess’ for Kerala to…

New Delhi, Jan 7 (KNN) A ministerial panel under the GST Council approved levy of 1% ‘calamity cess ’ for Kerala to fund rehabilitation work…

Guidelines issued by CBIC on EGM errors hampering the IGST refund processing
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Guidelines issued by CBIC on EGM errors hampering the IGST refund…

New Delhi, Jan 5 (KNN) Central Board of Indirect Taxes (CBIC) has issued some important guidelines with respect to processing of IGST refund claims on exports.…

CBIC notifies new annual GST return forms; waives late fees for non-filing of GST returns b/w July 2017 -September 2018
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CBIC notifies new annual GST return forms; waives late fees…

New Delhi, Jan 2 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has notified new annual GST return forms,…

New GST rates kicks off today; 23 goods & services get cheaper
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New GST rates kicks off today; 23 goods & services get cheaper

New Delhi, Jan 1 (KNN) With the dawn of New Year 2019, as many as 23 goods and services has become cheaper including movie tickets, TV and monitor…

FOPSIA President writes letter to Punjab CM alleging of huge corruption in SGST department
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FOPSIA President writes letter to Punjab CM alleging of huge…

New Delhi, Dec 28 (KNN) Expressing disappointment with the state government with regard to zero tolerance towards corruption in Punjab, President of…

K’taka CM meets Jaitley; seeks extension in GST compensation period
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K’taka CM meets Jaitley; seeks extension in GST compensation…

New Delhi, Dec 27 (KNN) Karnataka Chief Minister H D Kumaraswamy met Union Finance Minister Arun Jaitley and sought extension of the GST compensation…

Supply to duty-free shops at airport not free from GST duties: MP HC
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Supply to duty-free shops at airport not free from GST duties:…

New Delhi, Dec 26 (KNN) After the Authority for Advanced Ruling (AAR) ruling on duty-free shops, the Madhya Pradesh High Court has also ruled out GST…

Formation of GoM as recommended by the GST Council
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Formation of GoM as recommended by the GST Council

New Delhi, Dec 24 (KNN) The GST Council has approved the proposal to form a 7 Member Group of Ministers (GoM) to study the revenue trend including analyzing…

CAIT hails reduction of GST tax rates
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CAIT hails reduction of GST tax rates

New Delhi,  Dec 22 (KNN) The Confederation of All India Traders (CAIT) has welcome the reduction of  GST tax rates on various items…

GST Council slashes rates of 33 items; 28% slab now applicable to only 34 items
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GST Council slashes rates of 33 items; 28% slab now applicable…

New Delhi,  Dec 22 (KNN) The Goods and Services Tax (GST)  Council on Saturday slashed the rates of 33 items which includes some consumer…

GSTN to focus on development of new return filing, improving user interface, BI & Analytics: MoF
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GSTN to focus on development of new return filing, improving…

New Delhi, Dec 19 (KNN) Goods and Service Tax Network (GSTN) will focus on the development of new return filing further improving the user interface…

Exporters on pending IGST refund (Watch Full Video)
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Exporters on pending IGST refund (Watch Full Video)

New Delhi, Nov 28 (KNN) More than 70 exporters from the micro, small and medium enterprises (MSME) sector met the officials from the Directorate of…

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