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GST Weekly Bulletin, Volume II, Issue XXVI
On Saturday, as Indian market got its first taste of the Goods and Services Tax (GST), traders expressed hope for the road ahead, but also expressed some doubts on how to implement the new system. 
Author : BSA Taxation Team
Date : July 3, 2017
 
 
GST Weekly Bulletin, Volume II, Issue XXV
Finance ministry on has issued as many as 8 notifications. The main take away from these notifications is that certain sections from CGST &IGST Act are applicable from June 22. 2017, the provisions that are to be implemented mainly pertain to registration, job work and other basic aspects.
Author : BSA Taxation Team
Date : June 26, 2017
 
 
GST Weekly Bulletin, Volume II, Issue XXIV
The under-prepared banks get additional time as the GST Council has granted a two month breather to companies for filing tax returns. The government has relaxed timetable and exempted companies from penalties and late fees for filing returns till September.
Author : BSA Taxation Team
Date : June 19, 2017
 
 
GST Weekly Bulletin, Volume II, Issue XXIII
The GST Council on Sunday reduced the rates for 66 items and expanded the scope of the composition scheme for the benefit of small traders, manufacturers, and restaurateurs. The composition scheme is a presumptive taxation scheme allowing small traders, manufacturers and restaurants to pay a 1-5 per cent GST rate on sales without tax credits.
Author : BSA Taxation Team
Date : June 12, 2017
 
 
GST Weekly Bulletin, Volume II, Issue XXII
Confederation of Indian Textile Industry (CITI) has welcomed the GST rates for all natural fibres including cotton, cotton yarn, fabrics and readymade garments valued below Rs.1000 at 5%. 
Author : BSA Taxation Team
Date : June 5, 2017
 
 
 
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