Home » GST » CBEC issues 8 Notifications related to CGST & IGST

cbecIn a bid to roll out GST from 1st July, 2017, the Central Board of Excise and Customs (CBEC) has notified 6 notifications for Central Goods and Service tax (CGST) and 2 notifications for Integrated Goods and Service Taxes (IGST) includes two rules — registration and composition levy. All the notifications would be effective from June 22, 2017. GST, which is to be rolled out from July 1,2017.

As many as 18 sections relating to registration of current central excise, service tax and VAT payers with the GST-Network (GSTN) as well as transitional provisions were notified today. Every business carrying out a taxable supply of goods or services with turnover exceeding the threshold limit of Rs 20 lakh will be required to register. GST registration would allow for seamless input tax credit.

A brief details are :

01/2017-CGSTSeeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017
02/2017-CGSTNotifying jurisdiction of Central Tax Officers
03/2017-CGSTNotifying the CGST Rules, 2017 on registration and composition levy
04/2017-CGSTNotifying www.gst.gov.in as the Common Goods and Services Tax Electronic Portal
05/2017-CGSTSeeks to exempt persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis
06/2017-CGSTModes of verification under CGST Rules, 2017
01/2017-IGSTSeeks to bring certain sections of the IGST Act, 2017 into force w.e.f. 22.06.2017
02/2017-IGSTSeeks to empower the Principal Commissioner of Central Tax, Bengaluru West to grant registration in case of online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable territory and received by a non-taxable online recipient.

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