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32nd meeting of GST Council accorded massive relief for MSME sector.

GST COUNCIL

The GST council in its 32nd meeting as on 10-01-2019 headed by Mr. Arun Jaitleyji, accorded massive relief for MSME sector. GST Threshold LimitIn 32nd GST council meeting to help SMEs the Threshold limit increased to 40 Lakhs, effective April 1, the GST exemption threshold...

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Snippet of 27th GST Council Meeting

Some key updates of 27th GST Council meeting held on 4th May 2018 1. GSTN Ownership Changing: Change in the Shareholding Pattern of GSTN: Currently 24.5% held by Central and States Governements each, Balance 51% by Non-Govt Institutions. In New System Central and State Governements...

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Snippet of 23rd meeting of GST Council at Guwahati

GST Council

  Great relief to taxpayer given by GSTC in 23rd meeting of GST Council held at Guwahati, Assam on 10th November 2017. Relaxation given in filing of GSTR by extending due dates as well reduced late fee amount, also out of 227 items in 28% GST...

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Revision in Composition Scheme by GST Council

Revision in Composition Scheme has been recommended by GST council in 22nd meeting held at New Delhi under the chairmanship of Mr. Arun Jaitley. Small and medium business houses are confused, annoying due to complexity of GST compliance and they need some help from Government. Some...

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Excerpt of Current Affairs on GST

Government is keen to roll out GST regime from 1st July, 2017, crucial GST Council meeting was held on 04th March,2017, outcome of the meeting as below: 1. Council approved the final draft of Central GST and Integrated GST, will submitted in Parliament for approval...

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