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GST refund: Second phase of fast track clearance drive from 31st May

GST
May 31, 2018 442 0

The Government has come up with second phase of fast track clearance drive in respect of GST refunds.  The drive is proposed to start from May 31 till June 14 and in respect of refund claims filed prior to April 30, 2018.  The sai...


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Filing of TRAN-1 to be allowed basis audit trail

GST
April 26, 2018 459 0

Please find attached a recent circular issued by the CBIC regarding setting up of a IT grievance redressal mechanism for glitches experienced on the GSTN portal.   You would recall that NASSCOM had shared concerns pertaining to th...


Blog

GST circular related to refund issues and clarifications by NASSCOM

GST
March 20, 2018 1071 0

 In response to refund issues being experienced by companies under GST, the CBEC has now issued a detailed circular. The circulate aims at clarifying some the common concern.  A summary of the clarifications is provided below. NAS...


Blog

Understand GST Calculation in India before Investing in the Property

GST
February 23, 2018 584 0

The roll-out of Goods and Services Tax has not only brought an indispensable turn for the overall revenue collection but also swung almost every business of the nation that is liable to pay tax. One such business sector that peopl...


Blog

What Does RBI’s Projection of Lower Growth Rate & Higher Inflation Mean for The Aam Junta?

GST
February 16, 2018 457 0

After the 2-day meet, RBI’s Monetary Policy Committee or what’s known as the MPC has kept the repo rate unchanged at 6%. Repo rate is the rate of interest at which the central bank lends money on short-term to banks. On the other ...


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GST - NASSCOM Member Queries 5

GST
February 13, 2018 1456 0

Question: Can you confirm the SAC codes under GST for Sale of Software License : PerpetualSaaS of rental of software license including hostingProviding support services for own software licensed to customers ( AMC or incidence bas...


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Government reduced GST rate for housekeeping services

GST
January 19, 2018 1368 0

The GST council yesterday (Jan 18th, 2018) announced, reduction of GST rate for housekeeping services from 18% to 5%. This comes as a big relief to Online housekeeping service providers (refer to the attachment for press release– ...


Blog

Govt sets aside the service tax order after NASSCOM's representation

GST
December 13, 2017 470 0

We are glad to share a press release issued by Ministry of Finance (file attached) regarding the concerns emerging from the news Article on service tax notices being issues to IT companies. The Government has vide the press releas...


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Letter of undertaking to replace Bank Guarantee for small exporters under GST

GST
October 25, 2017 502 0

In continuation to my email below, please find attached the relevant notification extending the facility of furnishing of LUT to all exporters other than those who have been prosecuted for any offence under the Central Goods and S...


Blog

Customs notification exempting IGST on capital goods

GST
October 24, 2017 1590 0

Sharing with you a recent announcements pertaining to exemption of IGST and compensation cess payable on import of  capital goods by EOU/STP units and a subsequent notification issued by DGFT giving effect to the same under the FT...


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