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Revenue Secretary at CNBC TV18 Townhall: Advises India Inc. against price increase but promises kid gloves for SMEs
May 22 2017
In an exclusive interview with CNBC TV-18 Managing Editor Shereen Bhan & top tax experts, Revenue Secretary Mr. Hasmukh Adhia highlights that 60 lakh people have already migrated to GST regime; Mr...View more
Maharashtra State assembly passes GST Bill
May 22 2017
Maharashtra State assembly passes GST Bill in its recently concluded session of the lower house...View more

Admits Revenue's SLP for VAT applicability on royalty received under franchisee agreement
May 22 2017
SLP was admitted by Justice Dipak Misra and Justice A.M. Khanwilkar. Senior Advocate Yashannk Adhyaru alongwith others appeared for Revenue while assessee was represented by Advocate&n...View more
Composite works contract supply taxable at 18%; Advocates exempt / under reverse charge
May 21 2017
Construction of complex, building, civil structure intended for sale shall attract 12% GST with full ITC where value of land is included in amount charged from service recipient, however no refund of ...View more

Centre releases GST rates for services; 83 exempt, 18 under reverse charge
May 20 2017
Centre releases Schedule of GST rates for Services as well as those taxable on Reverse Charge basis; 18 services identified under reverse charge mechanism, while 83 services have been exempt; Also rel...View more
Hotels, Air travels attract multiple rates; Cab-aggregrators face 5%, Financial services / telecom - 18%
May 19 2017
Restaurants with turnover of less than Rs. 50 lakhs to face 5% tax, non-AC restaurants at 12%; AC eateries and those with liquor license to charge 18% GST, while 5 Star hotels to levy 28% tax and thos...View more

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Copies of GST Rules finalised by GST Council
May 18 2017
Copies of 7 GST Rules finalised by GST Council, viz. Composition, Valuation, Refund, Payment, Invoice, Input Tax Credit, & Registration Rules...View more
Centre releases GST rates for services; 83 exempt, 18 under reverse charge
May 20 2017
Centre releases Schedule of GST rates for Services as well as those taxable on Reverse Charge basis; 18 services identified under reverse charge mechanism, while 83 services have been exempt; Also rel...View more

Centre releases GST Rate Schedule of 'Goods', Compensation Cess rates for different supplies
May 19 2017
Centre releases GST Rate Schedule of Goods as well as GST Compensation Cess Rates for different supplies, pursuant to GST Council meeting today; “Rate Schedule” contains 98 chapters catego...View more
Supplier can adopt recipient's price for related supplies, ITC, Composition & Registration Rules streamlined
May 19 2017
GST Council approves 7 Rules relating to Input Tax Credit, Valuation, Refund, Composition, Registration, Payment & Invoice; “Input Tax Credit” Rules inter alia stipulate documentary re...View more

GST Council does rate fitment of 1,211 items; 19% items to fall under 28% slab
May 18 2017
GST Council meeting concludes, yet to take a call on Rules for Returns & Transition; FM Arun Jaitley says that GST Legal Panel needs time to vet these Rules; Council does rate fitment for 1,211 it...View more