The rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue...
The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to implementation of GST from 1st July, 2017 are passed on to the...
Our history started market with the barter system. That very system has evolved towards the terminology of import and export. It had been in the past that our domestic market was covered by the foreign goods. It was all...
With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months...
Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to the extent of taxes on entertainments and amusements levied by a...
The total tax revenue targets of the revised estimates for 2016-17 for both Direct and Indirect Taxes was Rs. 16.97 lakh crore of which 8.47 lakh crorewas for Direct Tax and Rs.8.5 lakh crore from Indirect Tax. It may...
Reorganisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST) has been approved by the Union Finance Minister, Shri Arun Jaitley. The existing formations of Central...
Expectations of the Startups from the Union Budget 2017
It was in 2016 that Prime Minister, Narendra Modi gave a headstart to the “Startup India” campaign. This campaign was aimed at boosting effective entrepreneurship in the country. This was followed...
