Reading Time: 2 minutesHSN Code for Labels, GST Rate & HSN Code for Labels, Bades, Woven pile & Chenille as mentioned in the chapter 58. GST Rates & HSN Codes for Woven Pile & Chenille, Terry Towelings, Embroider Materials, Woven Fabric Metals, Trimming of Pices, ornamental Trimming, Labels And Badges. The GST council has released the GST E-Book
Read More
Reading Time: 2 minutesGST Rate & HSN Code for Carpets & Floor coverings textile Hand looms as mentioned in the chapter 57. The GST Rates & HSN Codes For Carpets & Floor Coverings Textile Hand looms Man Made Textile. The GST Council has released the GST e-book which contains GST Rates on various goods with HSN Code, here
Read More
Reading Time: 2 minutesGST refunds, It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being put out in the public domain are exaggerated and thus inaccurate. It is a fact that a large number of exporters have been granted refunds so far
Read More
Reading Time: < 1 minuteTax Collection at Source FAQs, The Provisions of Tax Collection at Source (TCS) will come into force from Oct 1, 2018. the Law Committee GST Council have issued a set of Frequently Asked Questions on Tax Collection at Source. Tax Collection at Source FAQs Tax Collection at Source FAQs Tax Collection at Source FAQs Also Read: TCS Mechanism under GST
Reading Time: 2 minutesGST Rate & HSN Code for Towels, Napkins, ropes & Netting materials as mentioned in the Chapter 56. the GST Rates & HSN Codes For Wadding of Textile Materials Towels And Tampons, Napkins And Napkin Liners, Sanitary Articles, Yarn Materials, Ropes, Netting Materials. The GST Council has released GST E-Book which contains the GST rates
Read More
Reading Time: 2 minutesCabinet approves increasing of Government ownership in Goods and Services Tax Network and change in the existing structure with the transitional plan The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved increasing of Government ownership in Goods and Services Tax Network (GSTN) and change in the existing structure with the transitional
Read More
Reading Time: 2 minutesGST Fraud, Zonal Unit of the Directorate General of GST Intelligence (DGGI) have arrested two businessmen, namely, Sh. Vikas Goel, Director of M/s Mica Industries Ltd, Delhi and Bhiwadi& M/s. Satellite Cables Pvt Ltd., Bhiwadi and Sh. Raju Singh Proprietor of M/s Galaxy Metal Products on 14.09.2018 in a case of fraudulent issuance of Input
Read More
Reading Time: 4 minutesTCS Mechanism under GST, Tax Collection at Source (TCS) has similarities with TDS, as well as has distinctive features also. TDS refers to tax which is deducted when the recipient of goods or services makes some payments under a contract etc. while TCS refers to tax which is collected by the electronic commerce operator when
Read More
Reading Time: 4 minutesTDS Mechanism under GST, Under the GST regime, section 51 of the CGST Act, 2017 prescribes the authority and procedure for ‘Tax Deduction at Source’. The Government may order the following persons (the deductor) to deduct tax at source: (a) a department or establishment of the Central Government or State Government; or (b) local authority; or
Read More
Reading Time: 2 minutesGST Practitioners Exam, The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated
Read More
