Michaela Merz


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India – GST Council temporarily extends the present system of filing of returns and export benefits for procurement of goods and recommends implementation of e-way bill scheme in a phased manner from 01 April 2018


Introduction
In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June 2018, and the export benefits for procurement of goods for another 6 months up to 01 October 2018. 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 – Amendment to the Authorised Economic Operator Programme


In 2016 as a part of the trade facilitation measure, Central Board of Excise and Customs (CBEC) had notified1 a revised Authorised Economic Operator (AEO) programme. The revised programme merged erstwhile Accredited Client programme and AEO programme. Continue reading


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PwC Global ITX webcast – Update on Indian goods and service tax (GST)


PwC_fl_30mmh_cWe  are delighted to invite you to the next in the series of PwC’s Indirect Tax global webcasts.

Date:   January 30, 2018
Time:  1:00 – 2:00  pm GMT (8 Eastern) 

 

 

India’s GST went into effect 1 July 2017. So how are businesses managing compliance? Join PwC’s 30 January webcast:  http://bit.ly/India-GST

GST antiprofiteering prep: Is your business ready to comply? Join PwC’s webcast on India’s GST, 30 Jan: http://bit.ly/India-GST

On 30 January, join PwC’s webcast on India’s GST: We’ll be talking compliance, competitiveness, & prep for what’s next: http://bit.ly/India-GST


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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 – Is your business GST compliant? – invitation to a webcast


Finally, the much awaited GST has been rolled out. It is a big step forward for the country, and is one of the most complex GST rollouts worldwide.

However, the big question that lies ahead of us is: Are we ready to comply with GST? Continue reading


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India – The Government reduces tax rate on 66 items, increases the composition limit from INR 5 million to INR 7.5 million, and finalises accounts and records rules


The Government reduces tax rate on 66 items, increases the composition limit from INR 5 million to INR 7.5 million, and finalises accounts and records rules.

In brief
At its sixteenth meeting, the GST Council decided to reduce the tax rates on 66 items out of the 133 items for which it had received representations. Continue reading