Michaela Merz


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India: GST Council releases draft amendments to GST laws for public comments


In brief
The GST Council has released a set of draft amendments in the CGST Act, IGST Act and GST (Compensation to States) Act for public comments, which are requested to be submitted by 15 July, 2018. The significant amendments proposed and its impact are described in this tax insight. Continue reading


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India – GST Council rationalises GST rates on a wide ambit of goods and services in different sectors and recommends issuance of clarifications on rates and taxability


In its 25th meeting held on 18 January 2018, the GST Council has made many recommendations granting relief on the GST rates applicable on goods and services in many sectors. The Council has also recommended issuance of certain clarifications relating to GST rates and taxability of certain goods and services. Continue reading


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India – The GST Council finalises date of implementation for e-way bill system


The GST Council held its 24th meeting via video conference on Saturday, 16 December 2017. In the meeting, the Council finalised the dates for implementation of e-way bill system. The decisions taken in the meeting are as under: Continue reading


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India – Government removes requirement of payment of GST on advances received for supply of goods and allows manual filing of refund applications


The CBEC has issued notification nos. 55-66/2017-Central Tax, Circular no. 16/16/2017-GST, 17/17/2017-GST and order no. 9-10/2017-GST, all dated 15 November, 2017. While majority of the amendments give effect to the changes announced in the 23rd GST Council meeting, there are a few other significant relaxations, Continue reading


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India – The Government confirmed the introduction of GST as from 01 July and finalises pending rules


After the end of the seventeenth meeting of the GST Council, the Government has categorically reiterated the introduction of GST from 01 July.

Considering the preparedness of the Industry, the GST Council has relaxed the return filing timelines for the first two months after the introduction of GST. The GST Council also finalised five sets of rules (except e-way bills) and the rate of tax on lottery, in addition to amending the rate of tax for the hospitality industry. Continue reading


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India – 1 July 2017 seems the possible date for GST implementation


Eleventh meeting of GST Council – GST Council clears CGST and IGST law

In a constructive meeting of the GST Council, various important aspects have been finalised. The CGST and IGST laws have been formally approved by the GST Council. Continue reading


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PwC India Indirect Tax News Flash – Seventh and Eighth meetings of the GST Council


indien_dieter-schutz_pixelio-deSignificant progress has been made on the Goods and Services Tax (GST) front in the last two meetings of the GST Council (held on 22 and 23 December 2016, and 03 and 04 January 2017).

The draft Central GST, State GST and Integrated GST laws have been mostly finalised (except a few open areas) and have been sent to the Ministry of Law for review. Continue reading