GST relief summary

* Exporters to get IGST relief for 6 months

* SMEs with annual turnover of Rs 1.5 crore will be allowed to file quarterly returns

* E-wallet gateway will be developed and introduced after six months

* Group of Ministers to decide on bringing down the rate for AC restaurants to 12 percent

* Reverse charge mechanism suspended till March 2018

Good work members of localcircles and their team on creating awareness with media and govt. more  

View all 6 comments Below 6 comments
This is not a relief. This is going to collapse the entire Indirect Tax system. It is a failure of digital India. At last they will ask to submit return in manual. 4the month of implementation of GST, but we are not able to file the return for the 1st month. To avoid the hitch up, they have allowed to file quarterly return more  
I have one question seeking answer - small businessmen having turnover up to 1.0 cr. & if they opt for 1%(traders) (manufacturer 2%), will they be able to do interstate business more  
What has been done for the glitches as presently being faced for the July to Sept quarter? Also what about the horrible penalties collected by the govt in the name of late fees and interest for no fault of assessees? Is it going to be refunded ?? more  
Notification to this effect is yet to publish with effective dates as several commondities tax also revised/reduced !! more  
As regards to works contracts pending finalisation of tax is is mentioned as 12 % more  
Post a Comment

Related Posts

    • Corruption in GST

      GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .

      By Rajeev Bhargava
      /
    • Taxation is hell

      Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...

      By Naina Mittal
      /
    • Corruption in gst

      According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...

      By Naina Mittal
      /
    • Is there a GST bribe rate card now

      You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...

      By Naina Mittal
      /
    • GST cancellation

      Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...

      By Naina Mittal
      /
    • By Sudesh Rai
      /
    • Small Business and cost of compliance

      My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...

      By Sudesh Rai
      /
    • Does GST benefit rich

      Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...

      By Sudesh Rai
      /
    • Wrong public priorities

      Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...

      By Sudesh Rai
      /
    • Why is GST council losing it in a hurry

      The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...

      By Rohit Garg
      /
    • GST rates need rethink

      Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...

      By Ruchika L Maheshwari
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)