Articles under GST

Proposals for the housing sector made by 25th GST Council on 18th January, 2018

Recommendations for the housing sector under 25 th GST Council on 18 th January, 2018   25 th GST council meeting held on 18 th January,2018 has made a few important proposals for the housing sector. The proposals are expected to promote affordable housing for the majority in the nation. The proposals are given below.   One of the important recommendations is to extend the concessional rate of GST of 12% (effective rate of 8% after deducting one third of the

Read More

Acceptance of UIN of Foreign Diplomatic Missions, UN Organisations while making supply

  Acceptance of UIN of Foreign Diplomatic Missions, UNO while making supply   In this article, the information about Acceptance of Unique Identification Number(UIN)of Foreign Diplomatic Missions, UNO while making supplyis explained. A brief description about the subject is explained here.   You may contact concerned government agency for latest update.   It may be noted that supply to Foreign Diplomatic Missions / UN Organizations is like any other Busin

Read More

GST policy changes made by the GST council on 18th January, 2018

  GST policy changes made by the GST council on 18 th January, 2018   The following proposals have been made by the GST Council in its 25th meeting held 18th January, 2018 at New Delhi:   The late fee payable by any registered person for failure to furnish FORM GSTR-1 (supply details), FORM GSTR-5 (Non-resident taxable person) or FORM GSTR-5A (OIDAR) is being reduced to fifty rupees per day and shall be twenty rupees per day for NIL filers. The late

Read More

Revised GST rate on 18th January, 2018

  Revised GST rate by GST council meet on 18th January, 2018 as below:   The following details of extract explaining the changes in GST as per 25 th GST council meet held on 18th January, 2018.    29 Items, 53 Services have been put under the GST lower category   A.           LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 18%:   S. N

Read More

Decisions relating Services as per GST council meet on 18.01.2018

  Decisions relating services as per GST council meet held at New Delhi on 18.01.2018   The following decisions relating to exclusions or changes in GST rates, ITC qualification criteria, justification of rates or exceptions and clarification on demand of GST on services were taken by the Council in the meeting held at New Delhi on 18.01.2018.   (A)   Exemptions / Changes in GST Rates / ITC Eligibility Criteria   (1)  &nbs

Read More