Reading Time: < 1 minute Recommendations of 32nd GST Council Meet, The GST Council has released a press note on Recommendations made during 32nd Meeting of the GST Council held on 10th January 2019. The GST Council in its 32nd meeting held today at New Delhi gave approval for the following: Recommendations of 32nd GST Council Meet a. Changes made
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Reading Time: 2 minutes New services under RCM, Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council, Below mentioned services brought under RCM : Services provided by Business Facilitator (BF) to a banking company Services provided by an
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Reading Time: 4 minutes Recommendations of 31st GST Council Meet, The GST Council in its 31 meeting held today at New Delhi made the following policy recommendations: 1. There would be a single cash ledger for each tax head. The modalities for implementation would be finalized in consultation with GSTN and the Accounting authorities. 2. A scheme of single
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Reading Time: 2 minutes Under Section 14 of the Customs Act, 1962, the Central Board of Indirect Taxes and Customs (CBIC) notifies the Rate of Exchange for the purpose of conversion of foreign exchange to Indian Rupees (INR) and vice versa for assessment of imports & exports. Currently, CBIC notifies exchange rates for 20 currencies for the purpose of
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Reading Time: 3 minutes Improvements in e-way bill generation, the CBIC has proposed the below mention improvements in the eway bill generation which are being released on 16 November 2018 1. Checking of duplicate generation of e-way bills based on same invoice number The e-way bill system is enabled not to allow the consignor/supplier to generate the duplicate e-way
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Reading Time: 2 minutes No let-up in sanction of GST Refunds There are concerns being raised about growing pendency of GST Refunds. Exporters arereassured that there is no le-tup in the sanction of GST refunds. The disposal rate is consistently improving month-on-month. As on 31st October, 2018, total GST refunds to the tune of Rs 82,775 crore have been
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Reading Time: 2 minutes HSN Code for Machinery, GST Rate & HSN Code for Machinery, Lab Chemicals –Chapter 98 Project imports; laboratory chemicals; passengers’ baggage, personal importations by air or post; ship stores Machinery lab chemicals drugs medicines hsn pdf, Machinery lab chemicals drugs medicines hsn list, Machinery lab chemicals drugs medicines hsn gst, Machinery lab chemicals drugs medicines
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Reading Time: 2 minutes HSN Code for Paintings, GST Rate & HSN Code for Works of art, collectors’ pieces and antiques as per Chapter 97 of HSN, wall painting hsn code and gst rate, 9701 hsn code gst rate, home decor hsn code and gst rate, hsn code for painting work with material, hsn code for art and craft, wall painting gst
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Reading Time: 14 minutes HSN Code for Pencil, GST Rate & HSN Code for Animal Articles, Pencil, Typewriter, Cigarette Lighter, Smoking Pipe, Toilet Sprays, Sanitary Napkins and others as mentioned in the chapter -96 HSN Code for Pencil What is the GST rate for Coral Stone? What is the HSN code for natural coral? What is the GST rate
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Reading Time: 10 minutes HSN and GST Rate for Furniture, Mattress and Lamps- Chapter 94, HSN code and GST Rate for Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishing; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like; prefabricated building Wooden furniture bedding & lighting hsn code and gst rate,
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