Milling of paddy into rice shall attract GST
The Central Government vide Circular No. 19/19/2017-GST dated November 20, 2017 has clarified that milling of paddy by Rice millers for Civil Supplies Corporation is not exempted under S. No 55 of Notification No. 12/2017 – Central Tax (Rate) dated June 28, 2017, as:...
CBEC asks Industries to pass the benefit of GST rate reduction to the consumers
The GST Council in its 23rd meeting held on 10th November, 2017 at Guwahati, has recommended the reduction of the GST rate from 28% to 18% on goods falling under 178 headings, leaving only 50 items under the GST slab rate of 28%. A large number of items have also...
12% & 18% GST slabs may be merged, 28% for demerit goods: Arvind Subramanian
The government may combine the 12 per cent and 18 per cent slabs for goods and services tax (GST) into one in the near future and reserve the 28 per cent rate only for demerit goods, said chief economic adviser Arvind Subramanian. While India will never move to a...
High court judges, experts brainstorm on likely GST litigations
With the Goods and Services Tax in place, 20 judges from 12 high courts brainstormed with experts and top government officials on identifying grey areas in the new regime that may throw up litigations in coming days. Top domain experts and officials from the GST...RECENT ARTICLES
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