Snehal khanna Blog

The changes will be effective from January 25; 15 states to start intra-state e-way bill from February 1 BUDGET NEWS :  Two weeks ahead of Budget 2018 , the Goods and Services Tax (GST) Council on Thursday cut rates on 83 employment-oriented goods and services, in a bid to encourage greater compliance as revenues have dipped since the landmark reform was announced in July. The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting decided to reduce tax rate on 29 items and 54 categories of services with effect from January 25. Businesses have raised concerns about high rates of taxation and cumbersome processes in GST, billed as India's biggest tax reform in 70 years. The goods on which GST will be lowered include biofuel-run buses, used motor vehicles and diamonds and precious stones. Here's the complete list: List of goods on which GST rate recommended for reduction from 28% to 18% Old and used motor ...

GST Rates Finder app is available on the Google Play store LATEST NEWS :     To end the confusion around the multiple tax slabs, Finance Minister Arun Jaitley on Friday launched an app called the Goods and Services Tax (GST) Rates Finder , along with Central Board of Excise and Customs (CBEC) officials. The app, available on the Android platform, is expected to assist users in finding accurate rates under the new tax regime. According to CBEC, the GST Rate Finder app will soon be available on the iOS platform as well. The app is available on the Google Play store and its description reads: 'A simple app to search through the various goods and services and their respective GST Rates and details. Search the entire list or respective categories of taxes for Goods and Services'. How does the GST Rate Finder app work? To find out the required tax rate: 1. Enter the name or chapter heading of the commodity or service in the search box provided 2...