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Missing service tax credit in GST update

GST
September 5, 2018 517 0

The retrospective amendment to Section 140 (1) of the CGST Act 2017 that empowers assessees to transition the closing balance of cenvat (central value added tax) credit in the erstwhile indirect tax regime to the GST regime.While ...


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GST Bills with proposed amendment to the GST laws

GST
August 29, 2018 462 0

The Finance bills have been passed by the Lok Sabha proposing amendments in the GST laws and are pending President’s assent.  Please find below the key amendments relevant to the Technology sector which were raised by NASSCOM as p...


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GST portal allows companies to file consolidated refund claims for multiple tax periods

GST
August 27, 2018 486 0

Addressing an important request from NASSCOM and the technology industry, the GST portal has recently allowed companies to file consolidated refund claims for multiple tax period instead on monthly refund claim.  You would recall ...


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114th Report of the Parliamentary standing committee on exports – GST

GST
August 24, 2018 637 0

Please find attached the Report of the Parliamentary Standing Committee on Exports covering the impact of GST on exports. You would recall that NASSCOM had represented to the committee in November 2017 highlighting key issues of t...


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Some important facts about GST

GST
August 6, 2018 1554 0

Despite one year having passed since the implementation of GST, some people are still confused as to what it is and what its purpose is. So here are a few things about GST that everyone should know about:1) What is GST?The GST is ...


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Government extends due date for furnishing of FORM GSTR-6

GST
August 1, 2018 429 0

Further to the concern expressed by many of our members regarding input tax distribution (ISD) registrations and returns, we had requested the GST council for an extension of due date for filing ISD returns.  Please find attached ...


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GSTR 6 due date is extended for the months of July, 2017 to August, 2018 till the 30th day of September, 2018.

GST
August 1, 2018 431 0

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection(i)] Government of IndiaMinistry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 30/2018 – Centra...


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Government further postpones the TDS/ TCS provision

GST
July 2, 2018 420 0

This is in reference to a recent press release by Ministry of Finance on postponement of TDS and TCS provisions under GST.  This confirms several news reports published in the last week where officials had confirmed that the provi...


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CBIC issues Explanatory Notes to the Scheme of Classification of Services

GST
June 12, 2018 988 0

The classification scheme applicable for services under GST as available on the CBIC website is being relied upon by companies for determination of GST rates in the various rates notifications. This classification scheme released ...


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Second Phase For Exporters GST Refund To Continue Till June 14-Exporters GST refund

GST
June 7, 2018 516 0

The Chief Commissioner of Central tax, central Excise and custom have recently announced to initiate a special drive for GST refunds from 31st May to 14 June. It will be the second phase of GST refunds after a successful special d...


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