, Goods and Service Tax updates ~ CS GAURAV SHARMA

December 6, 2017

Goods and Service Tax updates

Proposal by advisory group set up by GST Council

·       To allow Composition Scheme for services providers as well

·       To allow inter sate sales to Composition Assesses

·       To defer e way bill till 2019

·       To abolish RCM

·       To exclude exempt goods from aggregate turnover

·       No interest on late payment



The Government announced incentives worth Rs 8450Cr to boost exports and employment in labour incentive sector in the mid term review of the 5 year FTP




Government may be looking to use data obtained from GST filings to track those who are escaping Income tax






Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 100,000 Members, Free/Easy/Comfortableway