Chartered Accountant
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Corporate News *   Government ignored warnings over GST rollout: sources *  GSTR 3B questionaire introduced- To be filled before filing return *  Advisory mail  to all the taxpayers received from GSTN *   Advisory group on GST submits report, suggests changes *   GST lifted oil demand on higher vehicle sales, says report *   Moody’s gives thumbs up to GST, demonetisation  *   Pass on rate cut benefits immediately, companies tell traders *   Focus will now be on simplifying forms, IT processes under GST: Sushil Modi *  Tax rates lowered on consumer goods,only luxury goods taxed @ 28% *   Businesses can revise GST transition claim form now *  Multiplex owners in UP demand clarity on refund as tax exemptions go away after GST *   GST compliance: A case of much ado about nothing *  PM hints more relief for traders & businesses to ease GST compliance burden *  Infosys deploys more people in states to ease GSTN load *   Further reforms are needed for the GST to succeed *   GST impact! Massive stock clearance discounts on apparels, gadgets likely in December *  Kerala HC releases Detained Goods since State has No Power to make Rules to regulate Inter-State movement of Goods under GST *  Infosys is to blame for GST Network glitches, say government officials *   Publishers versus authors: Who will pay GST on royalty? *   कपड़ा निर्यातकों ने कहा, जीएसटी के कारण भारत से शिपमेंट में आ सकती है भारी कमी *   Tax professionals protest over GST returns filing in Gujarat *  Publishers versus authors: Who will pay GST on royalty? *   Pilot Implementation of Paperless Processing under SWIFT *   Anti-dumping duty levied on the imports of " Color Coated/ Pre-Painted flat products of alloy or non-alloy steel " s *   Anti-dumping duty levied on the imports of "Wire Rod of Alloy or Non- Alloy Steel "   *   Exemption on goods imported by EOUs from integrated tax and compensation cess   *   Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver  *   Appointment of Common Adjudicating Authority by DGRI  *   Amendment in various Customs exemption notifications to exempt Integrated Tax/Cess on import of goods under AA/EPCG schemes  *   BCD and IGST rates on certain goods prescribed  
Subject News *   The report and recommendations submitted by the Committee on Handicrafts were accepted. *   Allows ITC of input services in the same line of business at the GST rate of 5% in case of tour operator service. *   GST rate for tamarind kernel powder reduced to 5% *    Exempt fumigation Services in a warehouse of agricultural Produce. *   To extend concesssional rate of gst on houses . *   Exemption limit enhanced from Rs 5000 to 7500 for services by resident welfare association *   To reduce GST rate on works contract services from 18% to 12% *   Vide the notification 71/2017-Central Tax ,dt. 29-12-2017, the Central government seeks to extend the time limit for filing FORM GSTR-1 in relation to outward taxable supplies for taxpayers having aggregate turnover upto  Rs. 1.5 Crore for the Quarter JUL-SEPT 2017 to 10th  January,2018. *   Vide the notification 72/2017-Central Tax ,dt. 29-12-2017, the Central government seeks to extend the time limit for filing FORM GSTR-1 in relation to outward taxable supplies for taxpayers having aggregate turnover more than  Rs. 1.5 Crore for the month JUL-NOV  to 10th  January,2018.   *   Vide the notification 73/2017-Central Tax ,dt. 29-12-2017the Central Government seeks to waive the late fees payable by registered person for failure in filing of FORM GSTR-4.   *   Vide the notification 74/2017-Central Tax ,dt. 29-12-2017 the government seeks to notify February 1, 2018 as the date from which the provisions of E-Way Bill Rules shall come into force. *     Vide the notification 75/2017-Central Tax ,dt. 29-12-2017 the Central Government seeks to make amendments in  Central Goods and Services Tax Rules, 2017. *   Inter - State e - way Bill to be made compulsory from 1st of February, 2018 ; system to be ready by 16th of January, 2018 *  Customs (Furnishing of Information) Rules, 2017 introduced *  GST network simplifies return filing process *   State FMs speak on GST implementation, bringing petrol under its ambit *  Shaky Budget in offing? *   GST woes dominate pre-Budget consultations to Arun Jaitley from stakeholders *   Anti-profiteering: Filing complaints against firms not an easy task *   Putting electricity in GST *   12%, 18% GST rates can be merged to new slab *  Inter state movement of rigs,tools and spares, and all goods on wheels (like cranes) would not attract IGST *   GST rate on terricotta idols is NIL rated *   All taxpayers  exempt from payment of tax on advances received in case of supply of goods *   Suppliers of services through an e-commerce platform are exempted from obtaining compulsory registration *   Refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics vide cicular no 18/2017 GST dt 16.11.17 *   Govt tells companies to pass on GST gains immediately *   Anti-profiteering authority to be set up under GST *   CBEC prescribes procedure for manual filing and processing of refund claims for zero rated supplies *  Changes in Tax rate of permanent transfer of Intellectual Property  

Comments

Restaurants in hotel premises having room tariff of Rs 7500 and above per day (even for a single room) will attract GST of 18% with full ITC.

GST council 23rd meeting was held in Guwahati on 9-10th November'17. Few press releases were issued by the government in respect of decisions made by the GST council. For more information, see in whts new section.
Department News


Query

 
PRADEEP JAIN, F.C.A.

Head Office : -

Address :
"SUGYAN", H - 29, SHASTRI NAGAR, JODHPUR (RAJ.) - 342003

Phone No. :
0291 - 2439496, 0291 - 3258496

Mobile No. :
09314722236

Fax No. :0291 - 2439496


Branch Office : -

Address:
1008, 10th FLOOR, SUKH SAGAR COMPLEX,
NEAR FORTUNE LANDMARK HOTEL, USMANPURA,
ASHRAM ROAD, AHMEDABAD-380013

Phone No. :
079-32999496, 27560043

Mobile No. :
093777659496, 09377649496

E-mail :pradeep@capradeepjain.com